Robert Rivani Of Black Lion Acquires Waterfront Mansion In Miami Beach For $19.775M

The property asset involved in this transaction is a single-family home located at 271 North Hibiscus Drive in Miami Beach, FL. The asset encompasses a total area of 9,131 square feet on a 0.32-acre lot, and the sale price was set at $19,775,000, translating to a price per square foot of $2,166.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $19,775,000
• Buyer: Robert Rivani - Black Lion
• Seller: Vallis LLC
• Buyer's Representative: Dina Goldentayer - Douglas Elliman
• Seller's Representatives: Alina de la Vega & Gabriela Dajer - ONE Sotheby's International Realty
• Lender: Metropolitan Commercial Bank
• Financed Amount: $12,500,000
• Square Footage: 9,131
• Price Per Square Foot: $2,166

This transaction highlights the involvement of Miami developer Robert Rivani, who is expanding his commercial real estate portfolio in the area. The deal was financed through a mortgage from Metropolitan Commercial Bank, contributing to the asset’s overall acquisition strategy. Vallis LLC, the seller of the property, was represented by a team from ONE Sotheby's International Realty.