by RH Advisors

Check Availability
$14,350,000
↓ $150K (1%)
House - For Sale

369 N Hibiscus Dr

Miami Beach, FL 33139
bedrooms
9 Beds
bathrooms
11 Baths
square feet
8216 Sqft
Upcoming Open House
12PM - 2PM, Sat, Apr 27 -
Book now
$74,273
Estimated Monthly
$0
HOA / Fees
0.08%
Cap Rate

About This Property

PRIME WATERFRONT ESTATE on the exclusive Hibiscus Island in Miami Beach with over 8,000 interior SF, 9 bedrooms and 11 bathrooms on a generous 15,750 SF lot with 90' of open water frontage. Fabulous direct bay views showcasing the city skyline can be enjoyed from this secluded paradise on a much sought-after corner of Hibiscus Island.  Located centrally between Miami Beach and Miami, offering quick access to the best restaurants, entertainment, cultural centers, sports venues, beaches and the airport. Features include a sauna, home theater, a private dock, spacious terraces, and a waterfront pool. The gated and secured Hibiscus Island includes numerous perks such as a waterfront park, playground, tennis courts, and 24/7-armed gate and patrol security provided by Miami-Dade police officers.
Unit Size
8,216Ft²
Days on Market
473 days
Land Size
0.36 acres
Price per sqft
$1,747
Property Type
House
Property Taxes
$3,811
HOA Dues
-
Year Built
1954
Listed By
Billy Hernandez
Billy Hernandez
American Mobile Home Sales of Tampa Bay, Inc.
Last updated: 2 days ago (Miami MLS #A11324156)

Price History

Date / Event Date Event Price
Dec 6, 2023 Price Decreased $14,350,000
↓ $150K (1%)
Price Decreased
Jun 9, 2023 Price Decreased $14,500,000
↓ $100K (0.7%)
Price Decreased
Apr 6, 2023 Price Decreased $14,600,000
↓ $900K (5.8%)
Price Decreased
Feb 16, 2023 Price Decreased $15,500,000
↓ $500K (3.1%)
Price Decreased
Jan 18, 2023 Listed by Douglas Elliman $16,000,000
Listed by Douglas Elliman
PRIME WATERFRONT ESTATE on the exclusive Hibiscus Island in Miami Beach with over 8,000 interior SF, 9 bedrooms and 11 bathrooms on a generous 15,750 SF lot with 90' of open water frontage. Fabulous direct bay views showcasing the city skyline can be enjoyed from this secluded paradise on a much sought-after corner of Hibiscus Island. Located centrally between Miami Beach and Miami, offering quick access to the best restaurants, entertainment, cultural centers, sports venues, beaches and…
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Property Highlights

Garage
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Circular Driveway
Interior Details

Bathroom Information

Full Bathrooms: 11

Bedroom Information

Bedrooms: 9
Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs, Sitting Area - Primary Bedroom

Interior Information

Interior Features: First Floor Entry, French Doors, Walk-In Closet(s), Den/Library/Office, Family Room, Maid/In-Law Quarters, Media Room, Utility Room/Laundry
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Wall Oven, Washer
Flooring Type: Marble
Door Features: French Doors
Laundry Features: Utility Room/Laundry

Room Information

Living Room Features: Den/Library/Office, Family Room, Guest House, Maid/In-Law Quarters, Media Room, Utility Room/Laundry

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 2006
  • Building Count: 3
  • Bedroom Count: 8
  • Bathroom Count: 11
  • Full Bathrooms: 11
  • Partial Bathrooms: 11
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,750
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 900
  • Total Building Area: 8,216
  • Gross Building Area: 8,216
  • Building Area: 8,216
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 8,216
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: HIBISCUS ISLAND
  • Land Acres: 0.362
  • Legal Description 1: HIBISCUS ISLAND PB 8-75 E1/2 LOT 13 & ALL LOT 14 BLK 2 LOT SIZE 90.000 X 175 OR 15902-4469 0593 1

Ownership

  • Current Owner : FRANK JOSEPH J
  • Previous Owner : NGOC NGUYEN HOA
  • Is Owner Occupied: unknown
  • Vacant Flag: unknown
  • Vacant Flag Date: Apr 04, 2024

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: 02-3232-006-0360
  • Block: 2
  • Lot: 13,14
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7851
  • Longitude: -80.1633

    Address

  • Full Address: 369 N Hibiscus Dr
  • Address - House Number: 369
  • 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: 8,216
  • Tax Year: 2023
  • Tax Amount: $223,464
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $9,625,000
  • First Open Lien Mortgage Lender: CITY NATIONAL BANK
  • First Open Lien Mortgage Recording Date: May 09, 2022
  • First Open Lien Mortgage Loan Amount: $9,625,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Market Valuation

  • Market Total Value: $11,711,962
  • Market Land Value: $9,686,250
  • Market Improvement Value: $2,025,712

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,711,962
  • Assessed Land Value: $9,686,250
  • Assessed Improvements Value: $2,025,712

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 29, 2022
  • Current Sale Recording Date: May 09, 2022
  • Current Sale Transaction ID: 11887987097
  • Current Sale Price: $13,750,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 378499

    Last Sale Mortgage

  • First Mortgage Lender: CITY NATIONAL BANK
  • First Mortgage Transaction Date: May 09, 2022
  • First Mortgage Loan Amount: $9,625,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: May 01, 2052

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
$1,830/ft²
$14,500,000 Jan 24, 2022
-
$11,523/mo
House
5 Beds
5 Baths
4,271 ft²
$3,020/ft²
$12,900,000 May 2, 2022
-
$3,147/mo
House
5 Beds
5 Baths
3,686 ft²
$4,042/ft²
$14,900,000 May 19, 2023
-
$5,516/mo
House
3 Beds
4 Baths
3,646 ft²
$4,663/ft²
$17,000,000 Nov 2, 2022
-
$2,317/mo
House
5 Beds
5.5 Baths
4,429 ft²
$3,048/ft²
$13,500,000 Jun 23, 2023
-
$6,606/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 369 North Hibiscus Drive built and last sold?
The property at 369 North Hibiscus Drive was built in 1954 and last sold on Apr 29, 2022 for $13,750,000.
How much is this home worth?
The estimated value of the home located at 369 North Hibiscus Drive is $14,493,500.
What are some comparable homes to 369 North Hibiscus Drive?
Homes that are comparable to 369 North Hibiscus Drive include a house property at 269 North Hibiscus Drive, 206 West San Marino Drive, 222 South Coconut Lane.

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