Isaac Malagon Of Compass Represents Buyer In $40.25M Sale Of Miami Beach Single Family Home
101 North Hibiscus Drive
$40,250,000
$3,733/SF
Building Size
10,780 SF
Asset Type
Single Family
Closing
Aug 28, 2024
AI
A $40.25 million sale closed for a 10,780 SF single-family home at 101 North Hibiscus Drive in Miami Beach. The waterfront property encompasses 0.48 acres and features a 50-foot heated pool, private dock, and rooftop spa, demonstrating a blend of French and modern design on a 21,000 SF lot. The price per square foot was $3,734.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $40,250,000
- Address: 101 North Hibiscus Drive
- Market: Miami Beach
- Square Footage: 10,780
- Price Per Square Foot: $3,734
- Lot Size: 0.48 acres
- Buyer's Representative: Isaac Malagon - Compass
- Seller's Representatives: Daniel Hertzberg & Jill Hertzberg - Coldwell Banker
Isaac Malagon of Compass represented the buyer in this transaction, while Daniel Hertzberg and Jill Hertzberg of Coldwell Banker represented the seller, facilitating the deal between the two parties involved.
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93