Updated Oct 25, 2024
Michele Segalla - CFC & Kevin Segalla - Tilting Point Acquire Single-Family Property On Hibiscus Island, Miami Beach For $29.1M
Hibiscus Island, Miami Beach, Florida, United States
$29,100,000
$3,637/SF
Building Size
8,000 SF
Asset Type
Single Family Residence
Closing
May 12, 2022
About this deal
AI
A single-family property located on Hibiscus Island in Miami Beach has recently been sold. The property spans approximately 0.4 acres and offers a total of 8,000 square feet of living space. The sale took place on May 13, 2022.
Summary of transaction details:
- Property Type: Single-Family
- Transaction Amount: $29,100,000
- Price per Square Foot: $3,638
The buyers of the property are Michele Segalla, representing CFC, and Kevin Segalla, representing Tilting Point. The seller of the property is Ilya Karpov. The transaction was finalized on the specified date, and the property was sold for the aforementioned price.
On the Map
$29,100,000
$3,637/SF
Single Family Residence
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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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93