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
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