Updated Sep 5, 2024
The Corcoran Group Sells Miami Beach SFR On North Hibiscus Drive For $16.2M
421 N Hibiscus Dr Miami Beach, FL 33139, USA
$16,225,000
$3,890/SF
Building Size
4,170 SF
Asset Type
Single Family Residence
Closing
Jun 13, 2023
About this deal
AI
The property involved in the transaction is a single-family residence located at 421 North Hibiscus Drive in Miami Beach. It was sold for a price of $16,225,000. The property has a total square footage of 4,170, with a price per square foot of $3,891.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $16,225,000
- Address: 421 North Hibiscus Drive
- Market: Miami Beach
- Square Footage: 4,170
- Price per Square Foot: $3,891
The seller's representative in this transaction was Julian Johnston from The Corcoran Group.
Miami 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93