Rafael Gil Purchases Miami Beach Single Family Home From Mark E. Williamson For $8.75M
SOLD
$8,750,000
Florida
See Similar DealsSingle Family2,607 SF
Sold 07/11/2024
SOLD
Rafael Gil Purchases Miami Beach Single Family Home From Mark E. Williamson For $8.75M
290 South Hibiscus Drive
See Similar DealsSingle Family2,607 SF
Sold 07/11/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,356
Total Square Footage:2,607 SF
Transaction Type:Sale
The property asset involved in this transaction is a single-family home located at 290 South Hibiscus Drive in Miami Beach. The sale was successfully concluded at a price of $8,750,000, with a square footage of 2,607 and a price per square foot of $3,356.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,750,000
- Address: 290 South Hibiscus Drive
- Market: Miami Beach
- Square Footage: 2,607
- Price per Square Foot: $3,356
- Buyer: Rafael Gil
- Seller: Mark E. Williamson
- Buyer's Representative: Alexa Iacovelli
- Seller's Representative: Margarita Lozano - Dream Life Realty
This transaction involved key individuals: Rafael Gil as the buyer and Mark E. Williamson as the seller. The representation for the buyer was handled by Alexa Iacovelli while the seller was represented by Margarita Lozano from Dream Life Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$466,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,086.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,479.46
Annual Debt Service$497,753.57
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