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

Property Image
SOLD
$15,375,000
Hillary Hertzberg
Daniel (Danny) Hertzberg
+ 2

Florida

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Single Family18,375 SF
Sold 04/24/2024
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Property Image
SOLD

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

394 South Hibiscus Drive

See Similar Deals
Single Family18,375 SF
Sold 04/24/2024
Hillary Hertzberg
Daniel (Danny) Hertzberg
+ 2
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$836
Total Square Footage:18,375 SF
Transaction Type:Sale

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
29 deals$186.9M volume
BROKER

Jill Hertzberg
Coldwell Banker
87 deals$2.3B volume
BROKER

Daniel (Danny) Hertzberg
Coldwell Banker
63 deals$1.6B volume
BROKER

Hillary Hertzberg
11 deals$148.9M volume
BROKER

Jacqueline Oliva
Coldwell Banker
17 deals$113.6M volume
BROKER

Details

SOLD
IMAGE: Jacqueline Oliva, Hillary Hertzberg, David Hunt Solomon, Jill Hertzberg & Daniel Hertzberg DATE: 04/24/2024 ADDRESS: 394 South Hibiscus Drive MARKET: Miami Beach ASSET TYPE: Single Family BUYER'S REP: David Hunt Solomon (@DavidHuntSolomon) & Jacqueline Oliva (@Jacqueline.RealEstate) - Berkshire Hathaway HomeServices (@BHHSRealEstate) SELLER'S REP: Daniel Hertzberg (@DannyHertzberg), Hillary Hertzberg (@HillaryHertzberg) & Jill Hertzberg (@JillHertzberg) - Coldwell Banker (@CBRealtyForida) ASKING PRICE: $17,000,000 SALE PRICE: $15,375,000 SF: 18,375 ~ PPSF: $837

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$820,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,624.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,885.34
Annual Debt Service$874,624.13