Updated Jul 8, 2025
Jeffrey Miller (Jeffmillergroup) Acquires Single Family Residence In Miami Beach For $7.5M
420 North Hibiscus Drive
$7,500,000
$1,329/SF
Building Size
5,642 SF
Asset Type
Single Family Residence
Closing
Mar 15, 2023
About this deal
AI
The property asset involved in this transaction is a Single Family Residence located at 420 North Hibiscus Drive in Miami Beach. The sale price was $7,500,000, encompassing a total square footage of 5,642. The price per square foot for this property amounts to $1,329.
Summary of transaction details:
- Property Type: Single Family Residence
- Transaction Amount: $7,500,000
- Address: 420 North Hibiscus Drive
- Market: Miami Beach
- Square Footage: 5,642
- Price Per Square Foot: $1,329
Jeffrey Miller from Jeffmillergroup represented the buyer in this transaction, partnering with Sotheby's International Realty. The details of the buyer and seller have not been disclosed.
On the Map
$7,500,000
$1,329/SF
Single Family Residence
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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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93