Victor Oladipo Sells Miami Beach Mansion For $9M, Highest Non-Waterfront Sale
65 South Hibiscus Drive
$9,000,000
$1,386/SF
Building Size
6,491 SF
Asset Type
Single Family
Closing
Sep 12, 2023
AI
A NBA shooting guard Victor Oladipo has sold his Miami Beach mansion for $9 million. The seven-bedroom property, located on Hibiscus Island, spans 6,491 square feet and sits on a 0.33-acre lot. This sale set a record as the highest non-waterfront sale in the area, highlighting the increasing demand for luxury real estate in the neighborhood. The property was listed by Liz Hogan of Compass.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $9,000,000
- Square Feet: 6,491
- Price Per Square Foot: $1,387
- Market: Miami Beach
Matthew Krac from Americore International Realty represented the buyer and Liz Hogan, also of Compass, served as Victor Oladipo's representative during the sale. This transaction marks Oladipo's preparation ahead of his return to the Oklahoma City Thunder, indicating his real estate decision-making in light of his professional career.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93