Rafael Gil Purchases Miami Beach Single Family Home From Mark E. Williamson For $8.75M
290 South Hibiscus Drive
$8,750,000
$3,356/SF
Building Size
2,607 SF
Asset Type
Single Family
Closing
Jul 11, 2024
AI
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.
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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93