Federico Trotta Of Imago Development Sells Miami Beach Single Family Home For $9.5M
375 South Hibiscus Drive
$9,500,000
$2,216/SF
Building Size
4,286 SF
Asset Type
Single Family Residence
Closing
Apr 16, 2026
AI
The property asset involved in this transaction is a single family home located at 375 South Hibiscus Drive in Miami Beach. The sale price for the property was $9,500,000, and it encompasses a total square footage of 4,286 square feet, resulting in a price per square foot of $2,216.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,500,000
- Address: 375 South Hibiscus Drive
- Market: Miami Beach
- Square Footage: 4,286
- Price per Square Foot: $2,216
- Seller: Federico Trotta - Imago Development
- Seller's Representative: Hillary Hertzberg Benson & Danny Hertzberg - The Jills Zeder Group - Coldwell Banker
- Buyer's Representative: David Siddons - Douglas Elliman
The transaction involved key individuals from various real estate firms. Federico Trotta represented Imago Development as the seller, while Hillary Hertzberg Benson and Danny Hertzberg of The Jills Zeder Group at Coldwell Banker acted as the seller's representatives. David Siddons from Douglas Elliman represented the buyer in this deal.
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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93