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

Property Image
SOLD
$11,785,000
Chad Carroll

Florida

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Single Family7,050 SF
Sold 02/11/2021
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Property Image
SOLD

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

225 North Hibiscus Drive, Miami Beach, FL, USA

See Similar Deals
Single Family7,050 SF
Sold 02/11/2021
Chad Carroll
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,671
Total Square Footage:7,050 SF
Transaction Type:Sale

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

Chad Carroll
83 deals$1.7B volume(305) 400-9507
BROKER

Julian Johnston
The Corcoran Group
55 deals$777.3M volume(305) 502-3985
BROKER


3 deals$68.8M volume
BUYER

SELLER

Details

SOLD
IMAGE: Julian Johnston & Chad Carroll ADDRESS: 225 N. Hibiscus Drive MARKET: Miami Beach ASSET TYPE: SFR BUYER: Ronald J. Leonhardt SELLER: Warwick Mobile Home Park LLC BUYER'S REP: Chad Carroll - The Carroll GroupĀ @Compass SELLER'S REP: Julian Johnston - The Corcoran Group PRICE: $11,785,000 SF: 7,050 ~ PPSF: $1,672

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,869.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,866.91
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