See Home Value
$21,400,299*
House - Off Market

165 N Hibiscus Dr

Miami Beach, FL 33139
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
7644 Sqft
$13,950,000 - $17,050,000
Reference Base Price*
38.07%
Since Jul 1, 2021
FL-Miami
Primary Model
Sold Feb 17, 2022
$15,000,000
$10,500,000 by Ubs Bank Usa
Mortgage Due Mar 01, 2032
Sold Oct 24, 2016
$5,750,000
$5,250,000 by Pedro A Erro Etal
Mortgage

About This Property

TOGU DESIGN & SABAL DEVELOPMENT UNLEASH ANOTHER NEWLY BUILT MODERN WATERFRONT MASTERPIECE IN HIBISCUS ISLAND SITTING DIRECTLY ON THE OPEN BAY! Delivering Summer 2021! Radiant Sunsets & Serene Wide Water Views Relaxing in either of 2 Negative-edge Pools. BRAND NEW Construction w/ 5 Beds + 5.5 Baths in 5,217 Interior SF on 10,500 SF LOT w/ 60 FT of Waterfrontage. Open Floorplan w/ Custom Italian Finishes, Organic Wood Paneling & Oakwood Flooring t/o. Eat-in Chef's Kitchen Equipped w/ SubZero & Miele Appliances. Entertain in Open Dining Area w/ 3 Wine Coolers. Walk Up the Floating Oakwood Stairs where 3 Bedrooms Enjoy Direct Bay Views. Spacious Master Suite directly on Water w/ Terrace. Walled & Gated Entry w/ Ipe Wood Bridge over a Reflecting Pond. Private Rooftop w/ 360 degree views.

The manager has listed the unit size as 7644 square feet.
Unit Size
7,644Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$2,028
Property Type
House
Property Taxes
$5,964
HOA Dues
-
Year Built
2022

Price History

Date / Event Date Event Price
Feb 17, 2022 Sold $15,000,000
Sold
Jun 25, 2021 No longer available -
No longer available
Nov 6, 2020 Listed $15,500,000
Listed

Property Highlights

Air Conditioning
Garage
With View

Building Info

Overview

    General

  • Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 199
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,500
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 600
  • Total Building Area: 5,549
  • Gross Building Area: 5,549
  • Building Area: 4,632
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,632
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIBISCUS ISLAND
  • Land Acres: 0.241
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIBISCUS ISLAND PB 8-75 LOT 37 & 20FT STRIP BLK 2 LOT SIZE 60.000 X 175 OR 14514-300 0490 1

Ownership

  • Current Owner : HIBISCUS INVESTMENTS LLC
  • Previous Owner : 165 N HIBISCUS LLC
  • Owner Before Previous Owner: ERRO MARCO A
  • Owner Before Previous Owner 2: GARCIA VERONICA MARIA
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004102

Zoning

  • Zoning: 0800

Geography

  • Assessors Map Reference: 182
  • District: 02
  • Parcel: 02-3232-006-0510
  • Block: 2
  • Lot: 37
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7832
  • Longitude: -80.1589

    Address

  • Full Address: 165 N Hibiscus Dr
  • Address - House Number: 165
  • Street Direction: N
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5119
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 4,730
  • Tax Year: 2023
  • Tax Amount: $242,882
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $10,500,000
  • First Open Lien Mortgage Lender: UBS BANK USA
  • First Open Lien Mortgage Recording Date: Feb 17, 2022
  • First Open Lien Mortgage Loan Amount: $10,500,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2032

    Market Valuation

  • Market Total Value: $12,698,407
  • Market Land Value: $6,457,500
  • Market Improvement Value: $6,240,907

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,698,407
  • Assessed Land Value: $6,457,500
  • Assessed Improvements Value: $6,240,907

    Sales

  • Current Sale Contract Date: Feb 16, 2022
  • Current Sale Recording Date: Feb 17, 2022
  • Current Sale Transaction ID: 11880736368
  • Current Sale Price: $15,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 145910
  • Previous Sale Recording Date: Oct 24, 2016
  • Previous Sale Contract Date: Oct 14, 2016
  • Previous Sale Amount: $5,750,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UBS BANK USA
  • First Mortgage Transaction Date: Feb 17, 2022
  • First Mortgage Loan Amount: $10,500,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2032

    Previous Mortgages

  • Previous Mortgage Lender: PEDRO A ERRO ETAL
  • Previous Mortgage Transaction Date: Oct 24, 2016
  • Previous Mortgage Loan Amount: $5,250,000
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
8 Baths
7,924 ft²
$1,641/ft²
$13,000,000 Jan 24, 2022
$13,000,000 Sep 29, 2023
$11,523/mo
House
5 Beds
5 Baths
3,686 ft²
$4,042/ft²
$14,900,000 May 19, 2023
-
$5,516/mo
House
6 Beds
7 Baths
6,746 ft²
$2,060/ft²
$13,900,000 Jul 29, 2023
-
$8,869/mo
House
5 Beds
4 Baths
3,488 ft²
$5,103/ft²
$17,800,000 Jun 27, 2023
-
-
House
6 Beds
6.5 Baths
6,746 ft²
$2,060/ft²
$13,900,000 Aug 12, 2023
-
$8,869/mo
House
6 Beds
7 Baths
6,145 ft²
$2,929/ft²
$18,000,000 Aug 16, 2023
-
$14,843/mo
House
5 Beds
6 Baths
-
$15,900,000 Sep 21, 2023
-
$1,521/mo
House
9 Beds
11 Baths
8,216 ft²
$1,765/ft²
$14,500,000 Jan 9, 2023
-
$3,811/mo
House
4 Beds
5 Baths
3,089 ft²
$4,824/ft²
$14,900,000 Jun 22, 2023
-
$8,189/mo
House
4 Beds
4 Baths
3,629 ft²
$3,844/ft²
$13,950,000 Aug 31, 2023
-
$7,224/mo

About Star, Palm and Hibiscus Islands


Similar Homes for Sale

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Frequently Asked Questions

When was property at 165 North Hibiscus Drive built and last sold?
The property at 165 North Hibiscus Drive was built in 2022 and last sold on Feb 16, 2022 for $15,000,000.
How much is this home worth?
The estimated value of the home located at 165 North Hibiscus Drive is $15,655,000.
What are some comparable homes to 165 North Hibiscus Drive?
There are currently no comparable homes to 165 North Hibiscus Drive.

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