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
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