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421 N Hibiscus Dr, Miami Be...

Don Dady Living Trust Acquires Miami Beach Single Family For $12.5M
SOLDSingle Family Residence

Don Dady Living Trust Acquires Miami Beach Single Family For $12.5M

421 N Hibiscus Dr, Miami Beach, FL, USA

$12,500,000

$2,997/SF

Building Size

4,170 SF

Asset Type

Single Family Residence

Closing

Mar 14, 2021

AI

A single-family property located at 421 N Hibiscus Dr in Miami Beach has been sold in a recent transaction. The property spans 4,170 square feet and was sold for a price of $12,500,000, resulting in a price per square foot of $2,997.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $12,500,000
  • Address: 421 N Hibiscus Dr
  • Market: Miami Beach

The buyer of the property was the Don Dady Living Trust, while the seller was Steven Raia. Tara Baptiste, from Brown Harris Stevens, represented the buyer, and Jeff Miller, from ONE Sotheby’s International Realty, represented the seller.

These key individuals and agencies played crucial roles in facilitating the transaction of the property at 421 N Hibiscus Dr in Miami Beach.

Players

Jeffrey Miller

Sotheby's International Realty

Broker

$99.7M

vol

8 deals

Broker
LT
Living TrustBuyer

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93