Alejandro Montealegre Acquires SFR In Miami Beach For $16M

The property involved in this closed transaction is a Single Family Residential (SFR) located at 79 N Hibiscus Dr in Miami Beach. The property spans a total of 5,243 square feet. The sale price for this property was $16,000,000, resulting in a price per square foot (PPSF) of $3,052.

Summary of transaction details

• Property Type: SFR
• Transaction Amount: $16,000,000
• Address: 79 N Hibiscus Dr, Miami Beach
• Square Footage: 5,243
• Price per Square Foot: $3,052

The buyer in this transaction is Alejandro Montealegre. The seller is Pascal Nicolai, representing Sabal Luxury Builder and Sabal Development. Alejandro Montealegre was represented by Marko Gojanovic and Reid Heidenry from ONE Sotheby’s International Realty. Lourdes Alatriste from Douglas Elliman served as the seller's representative in this deal.