Updated Dec 4, 2024
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
About this deal
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.
The single family sale at 205 North Hibiscus Drive in Miami Beach, Florida sold for $14.8M in 2024. The building is 21,000 square feet, implying about 702 per square foot on the published price. Isaac Malagon, Mirce Curkoski, Albert Justo, Sotheby's International Realty appear on the sale alongside Sotheby's International Realty, Compass. This page is the Miami Beach, Florida file for the 205 North Hibiscus Drive single family sold: pricing, party profiles, and other closed single family comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach single family set by closing date to see what else sold near 205 North Hibiscus Drive around 2024. Published consideration for 205 North Hibiscus Drive is $14.8M, dated 2024. Cite this Philippe Harari Sells Single Family Property In Miami Beach For $14.75M sale when underwriting similar single family product around Miami Beach, Florida.
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Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $702 per square foot on a published $14.8M for 21,000 square feet (2024).
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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