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394 South Hibiscus Drive

Miami Beach Single Family Home Sold For $15.375M With Buyer's And Seller's Rep
SOLDSingle Family

Miami Beach Single Family Home Sold For $15.375M With Buyer's And Seller's Rep

394 South Hibiscus Drive

$15,375,000

$836/SF

Building Size

18,375 SF

Asset Type

Single Family

Closing

Apr 24, 2024

AI

The Single Family property located at 394 South Hibiscus Drive in Miami Beach was sold in a recent transaction. The property spans 18,375 square feet and was sold for $15,375,000, translating to a price per square foot of $837. The deal was facilitated by David Hunt Solomon and Jacqueline Oliva from Berkshire Hathaway HomeServices representing the buyer, with the seller being represented by Daniel Hertzberg, Hillary Hertzberg, and Jill Hertzberg from Coldwell Banker.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $15,375,000
  • Address: 394 South Hibiscus Drive
  • Market: Miami Beach
  • Square Footage: 18,375
  • Asking Price: $17,000,000

The transaction showcased a collaboration between prominent real estate professionals. David Hunt Solomon and Jacqueline Oliva of Berkshire Hathaway HomeServices served as the buyer's representatives, while the seller was represented by Daniel Hertzberg, Hillary Hertzberg, and Jill Hertzberg of Coldwell Banker. The successful sale reflects the expertise and negotiation skills of the involved parties in the dynamic Miami Beach real estate market.

Players

David Hunt Solomon

Coldwell Banker

Broker

$186.9M

vol

29 deals

Broker

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

1.03%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93