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225 North Hibiscus Drive, M...

Updated Oct 29, 2024

Ronald J. Leonhardt Acquires SFR In Miami Beach For $11.8M
SOLDSingle Family

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

About this deal

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.

On the Map

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$11,785,000

$1,671/SF

Single Family

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Players

Chad Carroll

Compass

Broker

$1.9B

vol

93 deals

Broker

Ronald J. Leonhardt, Jr.

Buyer

$68.8M

vol

3 deals

Buyer
WL
Warwick Mobile Home Park LLCSeller
Bilt advertisement

Miami Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

Ronald J. Leonhardt bought a home in Miami Beach for $11.8M in 2021. The full closing is on this page.

About $1.7K per square foot on a published $11.8M for 7,050 square feet (2021).

Visit Julian Johnston to view all their deals.

Browse Florida single family sales on Traded.

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

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