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65 South Hibiscus Drive

Jerry Sokol Purchases Single Family Home From Alex And Dana Ritzcovan For $9.93M In Miami Beach
SOLDSingle Family Residence

Jerry Sokol Purchases Single Family Home From Alex And Dana Ritzcovan For $9.93M In Miami Beach

65 South Hibiscus Drive

$9,933,333

$1,530/SF

Building Size

6,491 SF

Asset Type

Single Family Residence

Closing

May 11, 2025

AI

The asset involved in this transaction is a single-family home located at 65 South Hibiscus Drive in Miami Beach. The property encompasses a total square footage of 6,491 and was sold for a price of $9,933,333, resulting in a price per square foot of $1,530.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $9,933,333
  • Address: 65 South Hibiscus Drive
  • Market: Miami Beach
  • Square Footage: 6,491
  • Price Per Square Foot: $1,530
  • Buyer: Jerry Sokol
  • Seller: Alex Ritzcovan & Dana Ritzcovan
  • Broker: Isaac Malagon - ONE Sotheby's International Realty

In this transaction, Jerry Sokol acted as the buyer, while Alex Ritzcovan and Dana Ritzcovan were the sellers. The deal was facilitated by broker Isaac Malagon, representing ONE Sotheby's International Realty.

Players

Isaac Malagon

One Sotheby’s International Realty

Broker

$148.6M

vol

13 deals

Broker

Miami Beach 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

1.60%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93