by RH Advisors

Check Availability
$21,900,000
House - For Sale

279 N Hibiscus Dr

Miami Beach, FL 33139
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
3011 Sqft
$109,033
Estimated Monthly
$0
HOA / Fees
0.77%
Cap Rate

About This Property

Imagine waking up to panoramic WIDE BAY VIEWS from your double-height living room on prestigious SECURED Hibiscus Island. This expansive PRIVATE 6,124 sq ft 5-bedroom oasis offers the perfect blend of luxury and entertainment, from sun-soaked poolside mornings to dazzling cocktail parties on the summer kitchen. Imagine watching a private fireworks display over the ocean or casting off for a sunset cruise from your 70' yacht dock. Marble floors echo underfoot, while exquisite Poggenpohl cabinetry and Miele appliances adorn the new gourmet kitchen. A media room with adjoining gym and 6-car circular driveway cater to every need, mesmerizing 60-foot Royal Palms and 14'  privacy hedges.  Start enjoying endless possibilities for creating your own island paradise.
Unit Size
3,011Ft²
Days on Market
83 days
Land Size
0.24 acres
Price per sqft
$7,273
Property Type
House
Property Taxes
$1,500
HOA Dues
-
Year Built
1978
Listed By
Nataly Stuart
South FL Rlty & Mortgage, LLC
Jaclyn Silvers
Socialite Realty, LLC
Last updated: 3 months ago (Miami MLS #A11526707)

Price History

Date / Event Date Event Price
Feb 3, 2024 Listed by Socialite Realty, LLC $21,900,000
Listed by Socialite Realty, LLC
Jan 15, 2024 No longer available -
No longer available
Sep 21, 2023 Listed by Socialite Realty, LLC $15,900,000
Listed by Socialite Realty, LLC
Grand opportunity to live in a spacious waterfront home with a large dock on prestigious Hibiscus Island in Miami Beach. Enter into a grand, double-height living room with 17' high ceilings and a 35' high skylit atrium featuring stunning wide bay views out of oversized windows. Nested on an expansive 10,500 SF lot, this 5 beds 5/1 baths house highlights a new gourmet kitchen, a media room with an adjoining gym room, a circular driveway with parking for 6 cars, extensive landscaping…
Jul 7, 2023 No longer available -
No longer available
Jun 27, 2023 Price Decreased $17,500,000
↓ $500K (2.8%)
Price Decreased
Show More

Property Highlights

Garage
Elevator
Air Conditioning
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Circular Driveway, Driveway
Garage Spaces: 1
Covered Parking Spaces: 1
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 5
Master Bathroom Features: Combination Tub & Shower

Bedroom Information

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

Interior Information

Interior Features: Bar, Built-in Features, Skylight, Vaulted Ceiling(s), Wet Bar, Den/Library/Office
Appliances: Dishwasher, Ice Maker, Other Equipment/Appliances, Electric Range, Refrigerator, Wall Oven, Washer
Flooring Type: Marble
Door Features: High Impact Doors

Room Information

Dining Room Features: Breakfast Area
Living Room Features: Den/Library/Office

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,500
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 600
  • Total Building Area: 4,868
  • Gross Building Area: 4,868
  • Building Area: 3,011
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,011
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: HIBISCUS ISLAND
  • Land Acres: 0.241
  • Legal Description 1: 32 53 42 4-5 54 42 HIBISCUS ISLAND PB 8-75 LOT 24 & 20FT STRIP ADJ IN BAY BLK 2 LOT SIZE IRREGULAR OR 14076-778 0489 4

Ownership

  • Is Owner Occupied: unknown

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: 02-3232-006-0431
  • Block: 2
  • Lot: 24
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7844
  • Longitude: -80.1615

    Address

  • Full Address: 279 N Hibiscus Dr
  • Address - House Number: 279
  • 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: 3,232
  • Tax Year: 2023
  • Tax Amount: $17,997
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1468
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 82
  • Final Value: 7,768,774
  • High Value: 8,909,853
  • Low Value: 6,627,695

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Aug 28, 2017
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • First Open Lien Mortgage Term: 299
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Aug 15, 2042

    Market Valuation

  • Market Total Value: $6,962,726
  • Market Land Value: $6,457,500
  • Market Improvement Value: $505,226

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $838,789

    Exemptions

  • Homeowner Exemption: Yes

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
6 Baths
5,209 ft²
$3,168/ft²
$16,500,000 Oct 2, 2023
$16,500,000 Jan 17, 2024
$14,060/mo
Condo
3 Beds
4 Baths
4,157 ft²
$4,631/ft²
$19,250,000 Sep 22, 2023
$19,250,000 Nov 29, 2023
$25,733/mo
House
5 Beds
7 Baths
5,165 ft²
$4,434/ft²
$22,900,000 Oct 30, 2023
-
$25,626/mo
House
4 Beds
6 Baths
3,756 ft²
$5,272/ft²
$19,800,000 Oct 9, 2023
-
$10,828/mo
House
5 Beds
6 Baths
5,050 ft²
$3,564/ft²
$18,000,000 Jan 5, 2024
-
$20,150/mo
House
3 Beds
4 Baths
4,434 ft²
$5,165/ft²
$22,900,000 Jan 12, 2024
-
$13,196/mo
House
6 Beds
8 Baths
6,613 ft²
$2,872/ft²
$18,990,000 Feb 15, 2024
-
$9,319/mo
Land
Loft
-
-
$23,900,000 Jan 25, 2024
-
$19,890/mo
Land
Loft
-
-
$19,800,000 Jan 5, 2024
-
$10,828/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 279 North Hibiscus Drive built and last sold?
The property at 279 North Hibiscus Drive was built in 1978 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 279 North Hibiscus Drive is $22,119,000.
What are some comparable homes to 279 North Hibiscus Drive?
Homes that are comparable to 279 North Hibiscus Drive include a land property at 214 West San Marino Drive, a house property at 11 East Rivo Alto Drive, 250 West San Marino Drive.

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