Ronald J. Leonhardt Acquires SFR In Miami Beach For $11.8M
225 North Hibiscus Drive, Miami Beach, FL, USA
$11,785,000
$1,671/SF
Building Size
7,050 SF
Asset Type
Single Family
Closing
Feb 11, 2021
AI
A single-family residence located at 225 N. Hibiscus Drive in Miami Beach has been sold for a price of $11,785,000. The property spans 7,050 square feet, resulting in a price per square foot of $1,672. The transaction was facilitated by Julian Johnston from The Corcoran Group, who represented the seller, Warwick Mobile Home Park LLC. Chad Carroll from The Carroll Group at Compass acted as the representative for the buyer, Ronald J. Leonhardt.
Summary of Transaction Details:
- Property Type: Single-Family Residence
- Transaction Amount: $11,785,000
- Address: 225 N. Hibiscus Drive, Miami Beach
- Market: Miami Beach
- Square Footage: 7,050
- Price Per Square Foot: $1,672
- Buyer: Ronald J. Leonhardt
- Seller: Warwick Mobile Home Park LLC
- Buyer's Representative: Chad Carroll - The Carroll Group @Compass
- Seller's Representative: Julian Johnston - The Corcoran Group
The successful sale of this property highlights the expertise of the involved parties. Julian Johnston from The Corcoran Group effectively represented the seller, Warwick Mobile Home Park LLC, while Chad Carroll from The Carroll Group at Compass skillfully acted as the representative for the buyer, Ronald J. Leonhardt. The collaboration between these professionals ensured a smooth transaction and satisfactory outcome for all 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
1.35%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93