Updated Dec 4, 2024
Jody Glidden Sells Miami Beach Waterfront Home At 240 South Hibiscus Drive For $11.9M
250 South Hibiscus Drive
$11,900,000
$3,279/SF
Building Size
3,629 SF
Asset Type
Single Family
Closing
Jul 18, 2024
About this deal
AI
250 South Hibiscus Drive is a single-family property located in the Miami Beach market. The home has a total square footage of 3,629 and was sold for $11,900,000, resulting in a price per square foot of $3,279.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $11,900,000
- Address: 250 South Hibiscus Drive
- Market: Miami Beach
- Seller: Jody Glidden
- Seller's Representative: Eli Faitelson - Compass
- Buyer's Representative: Jeffrey Fields - ONE Sotheby's International Realty
- Square Footage: 3,629
- Price per Square Foot: $3,279
Jody Glidden, a tech CEO, sold his waterfront home at 240 South Hibiscus Drive to his next-door neighbor through a trust. The buyer spent a total of $25 million on both properties and acquired nearly half an acre of land. Jody Glidden purchased the home for $4.2 million in 2019, thus more than doubling his investment.
On the Map
$11,900,000
$3,279/SF
Single Family
View full map
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $3.3K per square foot on a published $11.9M for 3,629 square feet (2024).
Visit Eli Faitelson to view all their deals.
Browse Miami Beach single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93