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

Property Image
SOLD
$10,700,000
Nelson Gonzalez
PB
LG

Florida

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Single Family Residence
Sold 06/16/2022
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Property Image
SOLD

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

See Similar Deals
Single Family Residence
Sold 06/16/2022
Nelson Gonzalez
PB
LG
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Transaction Type:Sale

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
Nelson Gonzalez
44 deals$761.2M volume
BROKER
PB
Paulo Bacchi
4 deals$28.2M volume(305) 639-9969
BROKER
LG
Laurent Groll
5 deals$31M volume
BUYER

Details

SOLD
IMAGE: Nelson Gonzalez & Paulo Bacchi DATE: 06/16/2022 ADDRESS: 375 North Hibiscus Drive MARKET: Hibiscus Island, Miami Beach ASSET TYPE: Single Family ~ ACRES: 0.4 BUYER: Laurent Groll, Alfredo Xiques & Nelson Gonzalez SELLER: Paulo Bacchi (@Pauloartefactoo) BROKER: Nelson Gonzalez (@NelsonGonzalezMiami) - Berkshire Hathaway HomeServices EWM Realty (@EWMRealty) (@FloridaNetworkRealty) SALE PRICE: $10,700,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$570,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51