See Home Value
$13,586,158*
House - Off Market

340 S Hibiscus Dr

Miami Beach, FL 33139
bedrooms
4 Beds
bathrooms
4 Baths
square feet
4567 Sqft
$11,250,000 - $13,750,000
Reference Base Price*
8.69%
Since May 1, 2022
FL-Miami
Primary Model
Sold Oct 13, 2021
$7,200,000
$4,750,000 by Ubs Bank Usa
Mortgage Due Oct 01, 2051

About This Property

Remarkable Mediterranean estate located on the prestigious Venetian Islands. Enjoy spectacular Miami sunsets over sparkling open bay views. This 4 bedroom, 4 bathroom residence provides 4,567 sf of living space with a spacious master suite and bathroom leading to a private balcony overlooking the bay. Lush tropical terrace includes a large tranquil pool leading to over 60 feet of waterfrontage. Enjoy all that Miami Beach has to offer with trendy dining and shopping within minutes of this beautiful residence.

The manager has listed the unit size as 4567 square feet.
Unit Size
4,567Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$2,737
Property Type
House
Property Taxes
$2,113
HOA Dues
-
Year Built
1936

Price History

Date / Event Date Event Price
Apr 30, 2022 No longer available -
No longer available
Apr 22, 2022 Price Increased $12,500,000
↑ $500K (4.2%)
Price Increased
Apr 16, 2022 Price Decreased $12,000,000
↓ $1M (7.7%)
Price Decreased
Apr 8, 2022 Price Increased $13,000,000
↑ $500K (4%)
Price Increased
Mar 23, 2022 Listed $12,500,000
Listed
Show More

Property Highlights

Air Conditioning
Garage
With View

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,500
  • Lot Size Depth Feet: 10
  • Lot Size Frontage Feet: 600
  • Total Building Area: 5,185
  • Gross Building Area: 5,185
  • Building Area: 3,772
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,772
  • 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: 32 53 42 4-5 54 42 HIBISCUS ISLAND PB 8-75 LOT 14 & 20 FT STRIP IN BAY ADJ BLK 1 LOT SIZE 60.000 X 175 OR 17621-1254 0497 4

Ownership

  • Current Owner : SHORR DAVID
  • Previous Owner : MEURRENS GUY H
  • Previous Owner 2: MEURRENS EDIT

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: 02-3232-006-0120
  • Block: 1
  • Lot: 14,20
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7835
  • Longitude: -80.1634

    Address

  • Full Address: 340 S Hibiscus Dr
  • Address - House Number: 340
  • Street Direction: S
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5134
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 4,410
  • Tax Year: 2023
  • Tax Amount: $137,521
  • Tax Rate Code Area: 200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,750,000
  • First Open Lien Mortgage Lender: UBS BANK USA
  • First Open Lien Mortgage Recording Date: Oct 13, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $4,750,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $7,699,529
  • Market Land Value: $6,457,500
  • Market Improvement Value: $1,242,029

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,686,010

    Sales

  • Current Sale Contract Date: Sep 23, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Transaction ID: 11861200497
  • Current Sale Price: $7,200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0767120

    Last Sale Mortgage

  • First Mortgage Lender: UBS BANK USA
  • First Mortgage Transaction Date: Oct 13, 2021
  • First Mortgage Loan Amount: $4,750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 340 South Hibiscus Drive built and last sold?
The property at 340 South Hibiscus Drive was built in 1936 and last sold on Sep 23, 2021 for $7,200,000.
How much is this home worth?
The estimated value of the home located at 340 South Hibiscus Drive is $12,734,138.
What are some comparable homes to 340 South Hibiscus Drive?
There are currently no comparable homes to 340 South Hibiscus Drive.

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