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
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