Paul Morelli Acquires Miami Beach SFR From Quantum Equity One For $11.5M
SOLD
$11,500,000
Florida
See Similar DealsSingle Family Residence5,729 SF
Sold 03/31/2021
SOLD
Paul Morelli Acquires Miami Beach SFR From Quantum Equity One For $11.5M
394 South Hibiscus Drive, Miami Beach, FL, USA
See Similar DealsSingle Family Residence5,729 SF
Sold 03/31/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,007
Total Square Footage:5,729 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 394 South Hibiscus Drive in Miami Beach. The property spans 5,729 square feet and was sold for a price of $11,500,000, resulting in a price per square foot of $2,007.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $11,500,000
- Address: 394 South Hibiscus Drive, Miami Beach
- Market: Miami Beach
The buyer of the property is Paul Morelli, while the seller is Quantum Equity One LLC, represented by Laurent Groll. The broker involved in the deal is Julian Johnston from The Corcoran Group.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Single-Family Rental Investment Trends ReportQ3 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
Is there something missing? Send suggestions