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597 Hibiscus Lane, Miami, F...

Oren Alexander & Tal Alexander's Team Acquires Single Family Home On Hibiscus Ln In Miami For $4.5M
SOLDSingle Family Residence

Oren Alexander & Tal Alexander's Team Acquires Single Family Home On Hibiscus Ln In Miami For $4.5M

597 Hibiscus Lane, Miami, FL 33137

$4,500,000

$1,182/SF

Building Size

3,805 SF

Asset Type

Single Family Residence

Closing

Dec 22, 2021

AI

Located in Miami at 597 Hibiscus Ln, this single-family property was recently sold in a closed transaction. The sale took place on December 22, 2021. With a total area of 3,805 square feet, the property offers ample space for its future owners. The sale price for this property was set at $4,500,000, resulting in a price per square foot of $1,182.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $4,500,000
  • Market: Miami

Liora Rahimi, Oren Alexander, and Tal Alexander of Douglas Elliman acted as the buyer's representatives in this transaction, providing guidance and expertise to ensure a successful deal. On the other side, Julianna Castro represented the seller as a representative of Compass. These professionals played a vital role in facilitating the transaction and ensuring the satisfaction of both parties involved.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93