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375 North Hibiscus Drive, M...

Laurent Groll, Alfredo Xiques, And Nelson Gonzalez Acquire Single Family Property On Hibiscus Island For $10.7M
SOLDSingle Family Residence

Laurent Groll, Alfredo Xiques, And Nelson Gonzalez Acquire Single Family Property On Hibiscus Island For $10.7M

375 North Hibiscus Drive, Miami Beach, Florida 33139, United States

$10,700,000

Building Size

Asset Type

Single Family Residence

Closing

Jun 15, 2022

AI

The recently closed property transaction on Hibiscus Island, Miami Beach involved a single family property located at 375 North Hibiscus Drive. Situated on a generous 0.4-acre lot, this property offers potential buyers ample space to customize and create their dream home.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $10,700,000
  • Address: 375 North Hibiscus Drive
  • Market: Hibiscus Island, Miami Beach
  • Buyer: Laurent Groll, Alfredo Xiques & Nelson Gonzalez
  • Seller: Paulo Bacchi
  • Broker: Nelson Gonzalez - Berkshire Hathaway HomeServices EWM Realty

Leading the sale was broker Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty. Working closely with the buyer, Laurent Groll and Alfredo Xiques, the transaction was successfully completed. The seller, Paulo Bacchi, ensured a smooth and efficient process, resulting in the sale of this remarkable property.

Players

Nelson Gonzalez

Berkshire Hathaway HomeServices

Broker

$761.2M

vol

44 deals

Broker

Laurent Groll

Buyer

$31M

vol

5 deals

Buyer

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.48%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93