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205 North Hibiscus Drive

Philippe Harari Sells Single Family Property In Miami Beach For $14.75M
SOLDSingle Family

Philippe Harari Sells Single Family Property In Miami Beach For $14.75M

205 North Hibiscus Drive

$14,750,000

$702/SF

Building Size

21,000 SF

Asset Type

Single Family

Closing

May 13, 2024

AI

The single-family property located at 205 North Hibiscus Drive in Miami Beach was sold for $14,750,000. Spanning 21,000 square feet, the property was transacted at a price of $702 per square foot.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $14,750,000
  • Address: 205 North Hibiscus Drive
  • Market: Miami Beach

Isaac Malagon from Compass represented the buyer, while Mirce Curkoski and Albert Justo from Sotheby's International Realty represented the seller, Philippe Harari, in this transaction.

Players

Albert Justo

Sotheby's International Realty

Broker

$309.3M

vol

18 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

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93