by RH Advisors

Check Availability
$15,500,000
↓ $1M (6.1%)
House - For Sale

205 N Hibiscus Dr

Miami Beach, FL 33139
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3488 Sqft
$76,108
Estimated Monthly
$0
HOA / Fees

About This Property

Best opportunity on the market for a prime waterfront gated lot on the Estate section of Hibiscus Island in Miami Beach, stunning wide water views, 120' of waterfrontage. Home is rented and generating income on a 21,000 sqft lot, to be used during the planning process. Miami Beach police officer present at gate 24/7. Tennis court, basketball court, and playground on island.
Unit Size
3,488Ft²
Days on Market
149 days
Land Size
0.48 acres
Price per sqft
$4,444
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956
Listed By
Mirce Curkoski
One Sotheby's International Re
Albert Justo
One Sotheby's International Re
Last updated: 28 days ago (Miami MLS #A11493139)

Price History

Date / Event Date Event Price
Mar 27, 2024 Price Decreased $15,500,000
↓ $1M (6.1%)
Price Decreased
Nov 29, 2023 Listed by One Sotheby's International Re $16,500,000
Listed by One Sotheby's International Re
Nov 28, 2023 No longer available -
No longer available
Jun 27, 2023 Listed by One Sotheby's International Re $17,800,000
Listed by One Sotheby's International Re
Best opportunity on the market for a prime waterfront gated lot on the Estate section of Hibiscus Island in Miami beach. Stunning wide water views, 120' of waterfrontage. Double lot. House is sold furnished and was rented for 30k per month. Get the income while you are producing plans and permits while your building. 24 hr security, Tennis court, Basketball court, Playground.
Jun 24, 2023 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
Parking Details
Has Open Parking
Parking Features: Circular Driveway
Interior Details

Bathroom Information

Full Bathrooms: 4

Bedroom Information

Bedrooms: 5
Bedroom Features: At Least 1 Bedroom Ground Level

Interior Information

Interior Features: First Floor Entry, Bar, Cooking Island, French Doors, Pantry, Split Bedroom, Vaulted Ceiling(s), Volume Ceilings, Walk-In Closet(s), Wet Bar, Attic, Family Room, Storage
Appliances: Dishwasher, Microwave, Refrigerator
Flooring Type: Tile
Door Features: High Impact Doors, French Doors

Room Information

Dining Room Features: Breakfast Area, Formal Dining
Living Room Features: Attic, Family Room, Storage Room

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1976
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,000
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 4,097
  • Gross Building Area: 4,097
  • Building Area: 4,097
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,097
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: HIBISCUS ISLAND
  • Land Acres: 0.482
  • Legal Description 1: HIBISCUS ISLAND PB 8-75 LOT 31 & ALL LOT 32 LESS E40FT BLK 2 LOT SIZE 120.000 X 175 OR 13811-386 0788 1 COC 24708-4581 0606 1 25072-1842

Ownership

  • Current Owner : 205 HIBI LLC
  • Previous Owner : HIBISCUS ISLAND HOLDINGS LLC
  • Owner Before Previous Owner: NORTH HIBISCUS DRIVE HOLDINGS LLC
  • 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: 02-3232-006-0480
  • Block: 2
  • Lot: 31,32
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7837
  • Longitude: -80.1599

    Address

  • Full Address: 205 N Hibiscus Dr
  • Address - House Number: 205
  • Street Direction: N
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5121
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 3,894
  • Tax Year: 2023
  • Tax Amount: $255,989
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 31,619
  • High Value: 34,589
  • Low Value: 28,649

    Market Valuation

  • Market Total Value: $13,314,518
  • Market Land Value: $12,915,000
  • Market Improvement Value: $399,518

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,314,518
  • Assessed Land Value: $12,915,000
  • Assessed Improvements Value: $399,518

    Sales

  • Current Sale Contract Date: May 04, 2022
  • Current Sale Recording Date: May 10, 2022
  • Current Sale Transaction ID: 11888086118
  • Current Sale Price: $14,527,500
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 384172
  • Previous Sale Recording Date: May 17, 2021
  • Previous Sale Contract Date: Apr 19, 2021
  • Previous Sale Amount: $14,000,000
  • Previous Sale Document Type: unknown

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
4 Beds
5 Baths
3,089 ft²
$4,824/ft²
$14,900,000 Jun 22, 2023
-
$8,189/mo
House
5 Beds
6 Baths
-
$15,900,000 Sep 21, 2023
-
$1,521/mo
House
4 Beds
4 Baths
3,629 ft²
$3,844/ft²
$13,950,000 Aug 31, 2023
-
$7,224/mo
House
3 Beds
4 Baths
3,646 ft²
$4,661/ft²
$16,995,000 Nov 3, 2023
-
$2,451/mo
House
6 Beds
7 Baths
6,145 ft²
$2,766/ft²
$17,000,000 Aug 16, 2023
-
$14,843/mo
House
6 Beds
7 Baths
6,746 ft²
$2,060/ft²
$13,900,000 Jul 29, 2023
-
$8,869/mo
House
6 Beds
6.5 Baths
6,746 ft²
$2,060/ft²
$13,900,000 Aug 12, 2023
-
$8,869/mo
House
9 Beds
11 Baths
8,216 ft²
$1,765/ft²
$14,500,000 Jan 9, 2023
-
$3,811/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 205 North Hibiscus Drive built and last sold?
The property at 205 North Hibiscus Drive was built in 1956 and last sold on May 4, 2022 for $14,527,500.
How much is this home worth?
The estimated value of the home located at 205 North Hibiscus Drive is $16,665,000.
What are some comparable homes to 205 North Hibiscus Drive?
Homes that are comparable to 205 North Hibiscus Drive include a house property at 222 South Coconut Lane, 56 South Hibiscus Drive, 279 North Hibiscus Drive.

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