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101 North Hibiscus Drive

Isaac Malagon Of Compass Represents Buyer In $40.25M Sale Of Miami Beach Single Family Home
SOLDSingle Family

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:

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

Jill Hertzberg

Coldwell Banker

Broker

$2.4B

vol

92 deals

Broker

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