by RH Advisors

See Home Value
$7,550,000
House - Off Market

235 S Hibiscus DR

Miami Beach, FL 33139
bedrooms
6 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
5928 Sqft
$44,837
Estimated Monthly
$0
HOA / Fees
3.09%
Cap Rate

About This Property

Outstanding 2016 custom build that is nestled in one of Miami Beach's most coveted enclaves of waterfront estates. This meticulously maintained turn-key home boasts uncompromising quality with no expense spared. Decorated by Deborah Wecselman, this 7,408 Sq Ft 3-story (with elevator), 6 bedroom, 6.5 bathroom home features a chef's kitchen nestled steps away from the swimming pool, al-fresco dining and a separate outdoor seating area with fireplace. The 3rd floor studio/playroom/gym has a rooftop terrace access to water views. 2 car garage, housekeeper's quarters, laundry rooms on 2 levels, louvered ceilings in all main bedrooms and a whole-home generator with automatic switch. This exquisite living experience is like no other opportunity anywhere in Miami and is truly a remarkable find.
Unit Size
5,928Ft²
Days on Market
227 days
Land Size
0.22 acres
Price per sqft
$1,434
Property Type
House
Property Taxes
$3,100
HOA Dues
-
Year Built
2016
Last updated: 5 months ago (Miami MLS #A11373173)

Price History

Date / Event Date Event Price
Dec 26, 2023 Sold to Massuda $7,350,000
Sold to Massuda
Nov 2, 2023 In contract -
In contract
Sep 14, 2023 Price Decreased $8,500,000
↓ $2M (15%)
Price Decreased
Apr 30, 2023 Listed by The Corcoran Group $9,995,000
Listed by The Corcoran Group

Property Highlights

Elevator
Garage
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Rigid frame bar
  • Roof Cover Type: Other
  • Floor Count: 3
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 230
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 760
  • Total Building Area: 7,141
  • Gross Building Area: 7,141
  • Building Area: 5,928
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,928
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIBISCUS ISLAND RESUB
  • Land Acres: 0.218
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIBISCUS ISLAND RESUB PB 34-87 LOT 2 BLK N LOT SIZE 76.000 X 125 OR 21329-0219 06 2003 1

Ownership

  • Current Owner : FORTUNEE MASSUDA TRUST
  • Current Owner 2: MASSUDA
  • Previous Owner : REVOCABLE TRUST
  • Owner Before Previous Owner: ABRAMS MARK
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • 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: 0100

Geography

  • Assessors Map Reference: 182
  • District: 02
  • Parcel: 02-3232-005-0290
  • Block: N
  • Lot: 2
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7831
  • Longitude: -80.161

    Address

  • Full Address: 235 S Hibiscus Dr
  • Address - House Number: 235
  • Street Direction: S
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5176
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 5,992
  • Tax Year: 2023
  • Tax Amount: $38,401
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1819
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 6,040,765
  • High Value: 7,139,966
  • Low Value: 4,941,565

    Market Valuation

  • Market Total Value: $3,951,511
  • Market Land Value: $1,976,000
  • Market Improvement Value: $1,975,511

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,841,095

    Sales

  • Current Sale Contract Date: Dec 13, 2023
  • Current Sale Recording Date: Dec 26, 2023
  • Current Sale Transaction ID: 11918540291
  • Current Sale Price: $7,350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 926350
  • Previous Sale Recording Date: Jun 13, 2003
  • Previous Sale Contract Date: Jun 10, 2003
  • Previous Sale Amount: $645,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO HOME MORTGAGE INC
  • Previous Mortgage Transaction Date: Jun 13, 2003
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $451,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jun 01, 2033



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
3 Beds
4 Baths
3,103 ft²
$2,667/ft²
$8,275,000 Aug 9, 2023
$8,275,000 Oct 2, 2023
$14,930/mo
House
6 Beds
6 Baths
6,008 ft²
$1,148/ft²
$6,900,000 Nov 14, 2023
-
$6,367/mo
House
7 Beds
5 Baths
3,795 ft²
$2,187/ft²
$8,300,000 Jul 27, 2023
-
$5,910/mo
House
5 Beds
6 Baths
2,608 ft²
$3,758/ft²
$9,800,000 Oct 10, 2023
-
$5,677/mo
House
4 Beds
3 Baths
3,086 ft²
$2,882/ft²
$8,895,000 Sep 29, 2023
-
$234/mo
House
4 Beds
5 Baths
2,767 ft²
$3,531/ft²
$9,770,000 Jul 6, 2023
-
$6,901/mo
House
4 Beds
4 Baths
3,008 ft²
$2,909/ft²
$8,750,000 Sep 27, 2023
-
$2,566/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 235 South Hibiscus Drive built and last sold?
The property at 235 South Hibiscus Drive was built in 2016 and last sold on Dec 13, 2023 for $7,350,000.
How much is this home worth?
The estimated value of the home located at 235 South Hibiscus Drive is $8,585,000.
What are some comparable homes to 235 South Hibiscus Drive?
Homes that are comparable to 235 South Hibiscus Drive include a house property at 620 East Di Lido Drive, 211 North Coconut Lane, 277 North Coconut Lane.

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