by RH Advisors

Check Availability
$15,500,000
↓ $496K (3.1%)
House - For Sale

345 N Hibiscus Dr

Miami Beach, FL 33139
bedrooms
3 Beds
bathrooms
4 Baths
square feet
3646 Sqft
Upcoming Open House
1PM - 3:30PM, Sun, Apr 21 -
Book now
$78,559
Estimated Monthly
$83
HOA / Fees
0.43%
Cap Rate

About This Property

Best Opportunity on the market & repriced to Sell! Best location on Hibiscus Island premier WIDE BAYFRONT property, double sized Lot, with 120' of linear waterfront on 24-hour guard gated Hibiscus Island - Northern exposure. Ready for re-development - one or two homes - NW exposure - captivating unobstructed open bay views of the Venetian Isles and downtown Miami skyline.  Also included is the largest dock on the island (100 x 30 ft).  Call listing agent for more details. please do not disturb current occupants.
Unit Size
3,646Ft²
Days on Market
168 days
Land Size
0.48 acres
Price per sqft
$4,251
Property Type
House
Property Taxes
$2,368
HOA Dues
$83
Year Built
1952
Listed By
Allan Kleer
One Sotheby's International Realty
Fabian Garcia-Diaz
One Sotheby's International Realty
Last updated: 3 days ago (Miami MLS #A11480621)

Price History

Date / Event Date Event Price
Mar 29, 2024 Price Decreased $15,500,000
↓ $496K (3.1%)
Price Decreased
Feb 23, 2024 Price Decreased $15,995,995
↓ $403K (2.5%)
Price Decreased
Jan 14, 2024 Price Decreased $16,398,990
↓ $10 (0%)
Price Decreased
Dec 5, 2023 Price Decreased $16,399,000
↓ $596K (3.5%)
Price Decreased
Nov 8, 2023 Listed by One Sothebys International Realty $16,995,000
Listed by One Sothebys International Realty
Premier WIDE BAYFRONT property (double lot) with 120' of linear waterfront on 24-hour guard gated Hibiscus Island - Northern exposure. Ready for re-development - one or two homes - NW exposure - captivating unobstructed open bay view of Venetian Isles and Miami skyline. Also, included is the largest dock on the island (100 x 30 ft). Call listing agent for more details. Real seller
Show More

Property Highlights

Air Conditioning
With View
Parking Details
Has Garage
Has Open Parking
Parking Features: Circular Driveway, Driveway
Garage Spaces: 3
Covered Parking Spaces: 3
Interior Details

Bathroom Information

Full Bathrooms: 4
Master Bathroom Features: Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Bedroom Information

Bedrooms: 3
Bedroom Features: Entry Level

Interior Information

Interior Features: Custom Mirrors, Split Bedroom, Great Room
Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Flooring Type: Tile

Room Information

Dining Room Features: Dining/Living Room
Living Room Features: Great Room

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 182
  • 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: 4,461
  • Gross Building Area: 4,461
  • Building Area: 3,646
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,646
  • 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: 32 53 42 4-5 54 42 HIBISCUS ISLAND PB 8-75 LOTS 16 & 17 BLK 2 LOT SIZE 120.000 X 175 OR 18968-1818 11 1999 5

Ownership

  • 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: 02-3232-006-0380
  • Block: 2
  • Lot: 16,17
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.785
  • Longitude: -80.1628

    Address

  • Full Address: 345 N Hibiscus Dr
  • Address - House Number: 345
  • Street Direction: N
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5123
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 3,745
  • Tax Year: 2023
  • Tax Amount: $255,846
  • Tax Rate Code Area: 200

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $15,486,000
  • First Open Lien Mortgage Lender: REVERSE MORTGAGE FUNDING LLC
  • First Open Lien Mortgage Recording Date: Oct 29, 2019
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $5,304,000
  • First Open Lien Mortgage Term: 999
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Mar 16, 2078
  • Second Open Lien Mortgage Lender: NW HIBISCUS LLC
  • Second Open Lien Mortgage Recording Date: Nov 07, 2023
  • Second Open Lien Mortgage Loan Amount: $5,000,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: unknown
  • Second Open Lien Mortgage Loan Due Date: Nov 07, 2053
  • Third Open Lien Mortgage Lender: NW HIBISCUS LLC
  • Third Open Lien Mortgage Recording Date: Jan 29, 2024
  • Third Open Lien Mortgage Loan Amount: $5,182,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: unknown
  • Third Open Lien Mortgage Loan Due Date: Jan 29, 2054

    Market Valuation

  • Market Total Value: $13,384,420
  • Market Land Value: $12,915,000
  • Market Improvement Value: $469,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,384,420
  • Assessed Land Value: $12,915,000
  • Assessed Improvements Value: $469,420

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
4 Beds
6 Baths
3,756 ft²
$5,272/ft²
$19,800,000 Oct 9, 2023
-
$10,828/mo
House
4 Beds
4 Baths
3,629 ft²
$3,844/ft²
$13,950,000 Aug 31, 2023
-
$7,224/mo
House
5 Beds
4 Baths
3,488 ft²
$5,103/ft²
$17,800,000 Jun 27, 2023
-
-
House
5 Beds
5 Baths
3,686 ft²
$4,042/ft²
$14,900,000 May 19, 2023
-
$5,516/mo
House
6 Beds
7 Baths
6,145 ft²
$2,929/ft²
$18,000,000 Aug 16, 2023
-
$14,843/mo
House
5 Beds
6 Baths
-
$15,900,000 Sep 21, 2023
-
$1,521/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


Similar Homes for Sale

Open House: 1PM - 3PM, Sun Nov 5
Unit for sale at 369 North Hibiscus Drive, Miami Beach, FL 33139

$14,500,000

  • 9 Beds
  • 11 Baths
  • 8,216 ft²
369 North Hibiscus Drive, Miami Beach, FL 33139 Listing by Bryan Sereny
Unit for sale at 279 North Hibiscus Drive, Miami Beach, FL 33139

$15,900,000

  • 5 Beds
  • 6 Baths
279 North Hibiscus Drive, Miami Beach, FL 33139 Listing by Nataly Stuart
Unit for sale at 394 South Hibiscus Drive, Miami Beach, FL 33139

$18,000,000

  • 6 Beds
  • 7 Baths
  • 6,145 ft²
394 South Hibiscus Drive, Miami Beach, FL 33139 Listing by Daniel Hertzberg

Nearby Rentals

Unit for rent at 1030 15th St, Miami Beach, FL, 33139

$8,000 /mo

  • 1 Bed
  • 2 Baths
  • 975 ft²
1030 15th St #201, Miami Beach, FL, 33139 Listing by Samantha Purnell
Unit for rent at 2385 N Bay Rd, Miami Beach, FL, 33140

$8,575 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,196 ft²
2385 N Bay Rd, Miami Beach, FL, 33140 Listing by Sladja Stantic
Unit for rent at 1234 13th St, Miami Beach, FL, 33139

$7,900 /mo

  • 3 Beds
  • 2 Baths
1234 13th St, Miami Beach, FL, 33139 Listing by Phillip Muskat


Frequently Asked Questions

When was property at 345 North Hibiscus Drive built and last sold?
The property at 345 North Hibiscus Drive was built in 1952 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 345 North Hibiscus Drive is $15,643,545.
What are some comparable homes to 345 North Hibiscus Drive?
Homes that are comparable to 345 North Hibiscus Drive include a house property at 214 West San Marino Drive, 250 South Hibiscus Drive, 205 North Hibiscus Drive.

Quantcast