See Home Value
$16,936,049*
House - Off Market

24 S Hibiscus Dr

Miami Beach, FL 33139
bedrooms
6 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
4604 Sqft
$9,810,000 - $11,990,000
Reference Base Price*
55.38%
Since Feb 1, 2021
FL-Miami
Primary Model
Sold May 06, 2021
$10,500,000
$8,450,000 by Hsbc Bank Usa Na
Mortgage Due Apr 01, 2052
Sold May 05, 2008
$10,600,000

About This Property

Rare opportunity to own a Unique Mykonos meets Miami Masterpiece located in Miami Beach's gated Hibiscus Island. This one-of-a kind irreplaceable island estate features over 13,000+ SF of outdoor/indoor living area ,150 FT of water frontage with 6 bedrooms, 6.1 bathrooms, a pool house, boat house, and breathtaking downtown skyline and open bay views. The open living spaces, high ceilings, and rooftop terraces on both the main house and guest house make it the perfect home for entertaining. This home has been featured in multiple architectural & design magazines for its extraordinary style as well as, movies & music videos.

The manager has listed the unit size as 4604 square feet.
Unit Size
4,604Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$2,368
Property Type
House
Property Taxes
$15,835
HOA Dues
-
Year Built
2003

Price History

Date / Event Date Event Price
Jan 14, 2021 No longer available -
No longer available
Oct 12, 2020 Listed $10,900,000
Listed
Jul 30, 2017 Listed $14,900,000
Listed
UNIQUE MASTERPIECE ON GUARD GATED HIBISCUS ISLAND . THIS 13,000 + SQUARE FOOT MODERN MEDITERRANEAN ESTATE FEATURES OPEN LIVING SPACES,HIGH CEILINGS,COVERED LOGGIAS,ROOFTOP TERRACES. THE MAIN GUEST HOUSE,BOAT HOUSE AND CABANA ARE ALL SET WITH TIERED POOLS CONNECTED BY WALKWAYS, OPEN BAY AND DOWNTOWN VIEWS WITH OVER 150 FEET OF WATER FRONTAGE TO ACCOMMODATE A LARGE VESSEL. PERFECT FOR ENTERTAINMENT. HOME HAS BEEN FEATURED IN MULTIPLE MAGAZINES, MOVIES AND VIDEOS. The manager has listed the…

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 5
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Construction Type: Concrete block
  • Building Style: Duplex
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 19,687
  • Total Building Area: 8,110
  • Gross Building Area: 8,110
  • Building Area: 8,110
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 8,110
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIBISCUS ISLAND
  • Land Acres: 0.452
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: HIBISCUS ISLAND PB 8-75 LOTS 6 & 7 & 20 FT STRIP ON BAY ADJ BLK 3 LOT SIZE 19687 SQ FT OR 19655-0294 05 2001 1 COC 26359-4261 04 2008 1

Ownership

  • Current Owner : MEGA MIAMI BEACH LLC
  • Previous Owner : ASTORIA HOLDINGS LIMITED
  • Owner Before Previous Owner: TURCHIN JOHN A
  • Owner Before Previous Owner 2: TURCHIN SUSAN
  • 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: 02-3232-006-0670
  • Block: 3
  • Lot: 6
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7807
  • Longitude: -80.1567

    Address

  • Full Address: 24 S Hibiscus Dr
  • Address - House Number: 24
  • Street Direction: S
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5128
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 8,110
  • Tax Year: 2023
  • Tax Amount: $243,424
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.0941
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 91
  • Final Value: 195,892
  • High Value: 214,343
  • Low Value: 177,441

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,450,000
  • First Open Lien Mortgage Lender: HSBC BANK USA NA
  • First Open Lien Mortgage Recording Date: Apr 02, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $8,450,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052

    Market Valuation

  • Market Total Value: $14,027,840
  • Market Land Value: $12,107,505
  • Market Improvement Value: $1,920,335

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,991,753

    Sales

  • Current Sale Contract Date: Apr 22, 2021
  • Current Sale Recording Date: May 06, 2021
  • Current Sale Transaction ID: 11836034637
  • Current Sale Price: $10,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0321198
  • Previous Sale Recording Date: May 05, 2008
  • Previous Sale Contract Date: Apr 30, 2008
  • Previous Sale Amount: $10,600,000
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
7 Beds
7 Baths
6,104 ft²
$1,720/ft²
$10,500,000 May 3, 2023
$10,500,000 Aug 22, 2023
$2,380/mo
Condo
4 Beds
5 Baths
2,872 ft²
$3,482/ft²
$10,000,000 Dec 1, 2022
$10,000,000 Oct 6, 2023
$13,299/mo
House
5 Beds
5 Baths
4,271 ft²
$3,020/ft²
$12,900,000 May 2, 2022
-
$3,147/mo
House
5 Beds
7 Baths
5,642 ft²
$2,012/ft²
$11,350,000 Oct 15, 2023
-
$8,754/mo
House
5 Beds
6 Baths
2,608 ft²
$3,758/ft²
$9,800,000 Oct 10, 2023
-
$5,677/mo
House
4 Beds
5 Baths
3,318 ft²
$3,466/ft²
$11,500,000 Jan 8, 2023
-
$4,870/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
$3,892/ft²
$10,770,000 Jul 6, 2023
-
$6,901/mo
House
4 Beds
4 Baths
3,008 ft²
$3,158/ft²
$9,500,000 Sep 27, 2023
-
$2,566/mo

About Star, Palm and Hibiscus Islands


Similar Homes for Sale

Unit for sale at 433 East Di Lido Drive, Miami Beach, FL 33139

$9,500,000

  • 4 Beds
  • 4 Baths
  • 3,008 ft²
433 East Di Lido Drive, Miami Beach, FL 33139 Listing by Julian Johnston
Unit for sale at 316 South Coconut Lane, Miami Beach, FL 33139

$10,770,000

  • 4 Beds
  • 5 Baths
  • 2,767 ft²
316 South Coconut Lane, Miami Beach, FL 33139 Listing by Jill Eber
Unit for sale at 244 South Coconut Lane, Miami Beach, FL 33139

$8,895,000

  • 4 Beds
  • 3 Baths
  • 3,086 ft²
244 South Coconut Lane, Miami Beach, FL 33139 Listing by Liz Hogan

Nearby Rentals

Unit for rent at 1201 20th St, Miami Beach, FL, 33139

$25,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,850 ft²
1201 20th St #PH07, Miami Beach, FL, 33139 Listing by RH Advisors Miami
Unit for rent at 11 Island Ave, Miami Beach, FL, 33139

$25,000 /mo

  • 3 Beds
  • 3 Baths
  • 2,975 ft²
11 Island Ave #8, Miami Beach, FL, 33139 Listing by RH Advisors Miami
Unit for rent at 450 Alton Rd, Miami Beach, FL, 33139

$24,500 /mo

  • 3 Beds
  • 3 Baths
  • 2,158 ft²
450 Alton Rd #2203, Miami Beach, FL, 33139 Listing by RH Advisors Miami


Frequently Asked Questions

When was property at 24 South Hibiscus Drive built and last sold?
The property at 24 South Hibiscus Drive was built in 2003 and last sold on Apr 22, 2021 for $10,500,000.
How much is this home worth?
The estimated value of the home located at 24 South Hibiscus Drive is $11,009,000.
What are some comparable homes to 24 South Hibiscus Drive?
There are currently no comparable homes to 24 South Hibiscus Drive.

Quantcast