Eduardo Costantini Sells SFR In Bay Point Estates, Miami For $5.5M
597 Hibiscus Lane, Miami, Florida 33137, United States
$5,500,000
$1,528/SF
Building Size
3,599 SF
Asset Type
Single Family Residence
Closing
Aug 28, 2022
AI
A single-family residence located at 597 Hibiscus Lane in the Bay Point Estates of Miami was recently sold. The property, represented by Compass Florida LLC, was sold by Eduardo Costantini for a total of $5,500,000. The transaction was facilitated by Julianna Castro of Compass Florida LLC, acting as the seller's representative. Mary Sharon of Lux Realty Group Inc. represented the buyer in this deal. The property spans 3,599 square feet, resulting in a price per square foot of $1,528.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $5,500,000
- Address: 597 Hibiscus Lane, Bay Point Estates, Miami
- Seller: Eduardo Costantini
- Seller's Representative: Julianna Castro - Compass Florida LLC
- Buyer's Representative: Mary Sharon - Lux Realty Group Inc.
- Square Footage: 3,599
- Price per Square Foot: $1,528
Julianna Castro of Compass Florida LLC represented the seller, Eduardo Costantini, in this transaction. On the other side, Mary Sharon of Lux Realty Group Inc. represented the buyer. This deal demonstrates the involvement of these key individuals and real estate agencies in the real estate market of Bay Point Estates, Miami.
Players
Miami 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93