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
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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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