See Home Value
$14,702,072*
Land - Off Market

375 N Hibiscus Dr

Miami Beach, FL 33139
bedrooms
Studio
bathrooms
0 Bath
$12,600,000 - $15,400,000
Reference Base Price*
5.01%
Since Aug 1, 2022
FL-Miami
Primary Model
Sold Jul 11, 2022
$14,000,000
Sold Jun 13, 2022
$10,670,000

About This Property

PRIME WATERFRONT LOT on Hibiscus Island in Miami Beach offered with approved plans for a modern home with architecture by Kobi Karp! This incredible 15,750-SF lot with 90 feet of wide waterfrontage already has a new elevated seawall with a new pier dock and boat lift for docking multiple boats. Fabulous views of the Edgewater skyline, Biscayne Bay, and lush Venetian Islands can be enjoyed from this secluded paradise. Hibiscus Island is located centrally and ideally between Miami Beach and Miami, offering quick access to some of the best restaurants, entertainment and cultural centers, sports venues, and beaches
Unit Size
-
Days on Market
-
Land Size
0.36 acres
Price per sqft
-
Property Type
Land
Property Taxes
$9,595
HOA Dues
-
Year Built
1955

Price History

Date / Event Date Event Price
Jul 10, 2022 No longer available -
No longer available
Jul 9, 2022 In contract -
In contract
Jul 7, 2022 Listed $14,000,000
Listed
Jun 15, 2022 No longer available -
No longer available
May 25, 2022 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: E
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 15,750
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 900
  • Total Building Area: 5,437
  • Gross Building Area: 5,437
  • Building Area: 4,286
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,286
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: HIBISCUS ISLAND
  • Land Acres: 0.362
  • Standard Land Use Code: Residential-vacant land
  • Legal Description 1: HIBISCUS ISLAND PB 8-75 LOT 12 & W1/2 LOT 13 & 20FT ADJ IN BAY BLK 2 LOT SIZE 90.000 X 175 OR 19970-1893 09 2001 1

Ownership

  • Current Owner : NB HIBISCUS INC
  • Previous Owner : CALICO SUNSHINE 163 LLC
  • Owner Before Previous Owner: GROVE PENTHOUSE LLC
  • Ownership Rights Codes: Company/Corporation
  • 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: 02-3232-006-0350
  • Block: 2
  • Lot: 12,13
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7853
  • Longitude: -80.1635

    Address

  • Full Address: 375 N Hibiscus Dr
  • Address - House Number: 375
  • 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: 4,265
  • Tax Year: 2023
  • Tax Amount: $185,911
  • Tax Rate Code Area: 200

    Market Valuation

  • Market Total Value: $9,696,907
  • Market Land Value: $9,686,250
  • Market Improvement Value: $10,657

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,696,907
  • Assessed Land Value: $9,686,250
  • Assessed Improvements Value: $10,657

    Sales

  • Current Sale Contract Date: Jul 07, 2022
  • Current Sale Recording Date: Jul 11, 2022
  • Current Sale Transaction ID: 11892612245
  • Current Sale Price: $14,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 550642
  • Previous Sale Recording Date: Jun 13, 2022
  • Previous Sale Contract Date: Jun 09, 2022
  • Previous Sale Amount: $10,670,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: CITY NATIONAL BANK OF FLORIDA
  • Previous Mortgage Transaction Date: Jun 13, 2022
  • Previous Mortgage Loan Type: Building or Construction Loan



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
4.5 Baths
4,271 ft²
$3,266/ft²
$13,950,000 May 2, 2022
-
$3,147/mo
House
4 Beds
5 Baths
3,714 ft²
$3,877/ft²
$14,400,000 Nov 17, 2022
-
$5,544/mo
House
9 Beds
11 Baths
8,216 ft²
$1,887/ft²
$15,500,000 Jan 18, 2023
-
$3,811/mo
House
5 Beds
5.5 Baths
4,719 ft²
$2,649/ft²
$12,500,000 Nov 10, 2022
-
$1,817/mo

About Star, Palm and Hibiscus Islands


Similar Homes for Sale

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Frequently Asked Questions

When was property at 375 North Hibiscus Drive built and last sold?
The property at 375 North Hibiscus Drive was built in 1955 and last sold on Jul 7, 2022 for $14,000,000.
How much is this home worth?
The estimated value of the home located at 375 North Hibiscus Drive is $14,140,000.
What are some comparable homes to 375 North Hibiscus Drive?
There are currently no comparable homes to 375 North Hibiscus Drive.

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