See Home Value
$3,966,244*
Land - Off Market

400 N Hibiscus Dr

Miami Beach, FL 33139
bedrooms
Studio
bathrooms
0 Bath
$3,510,000 - $4,290,000
Reference Base Price*
1.70%
Since Aug 1, 2023
FL-Miami
Primary Model
Sold Jul 14, 2023
$3,650,000
Sold Oct 08, 2021
$2,350,000

About This Property

Land + Plans + Permits!  Build a luxurious modern home on the private and gated Hibiscus Island.  The home was designed by renowned architect Ralph Cheoff of CLF Architects and boasts over 5,000 square feet of adjusted living space.  The plot is a corner lot of 9,500 square feet benefitting from many mature trees.  The house features five bedrooms (all ensuite), a large open plan living room/dining room/kitchen, media room and 2 car garage as well as an outdoor living area featuring a beautiful pool with waterfall and summer kitchen.  Luxurious finishes include stone, wood, Lutron lighting controls, Delta lighting fixture and Wolf/Subzero appliances.
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
$3,084
HOA Dues
-
Year Built
1956

Price History

Date / Event Date Event Price
Jul 14, 2023 Sold $3,650,000
Sold
Jul 12, 2023 No longer available -
No longer available
Jun 6, 2023 In contract -
In contract
Mar 17, 2023 Price Decreased $3,900,000
↓ $300K (7.1%)
Price Decreased
Mar 4, 2023 Price Decreased $4,200,000
↓ $300K (6.7%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1963
  • Building Count: 2
  • Bedroom Count: 3
  • Full Bathrooms: 2
  • Construction Type: Concrete block
  • Exterior Walls Type: Composition
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 760
  • Total Building Area: 2,667
  • Gross Building Area: 2,667
  • Building Area: 2,235
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,235
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: HIBISCUS ISLAND RESUB
  • Land Acres: 0.218
  • Standard Land Use Code: Residential-vacant land
  • Legal Description 1: HIBISCUS ISLAND RESUB PB 34-87 LOT 6 BLK W LOT SIZE 76.000 X 125 COC 24034-3076 11 2005 1

Ownership

  • Current Owner : SAPEVI RE INC
  • Previous Owner : ZEUSS HIBISCUS HOUSE LLC
  • Owner Before Previous Owner: CORIAT LEVY
  • Owner Before Previous Owner 2: ROMAN VALENTINA
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • 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: 0100

Geography

  • Assessors Map Reference: 182
  • District: 02
  • Parcel: 02-3232-005-0560
  • Block: W
  • Lot: 6
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.785
  • Longitude: -80.1643

    Address

  • Full Address: 400 N Hibiscus Dr
  • Address - House Number: 400
  • Street Direction: N
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5126
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 2,379
  • Tax Year: 2023
  • Tax Amount: $35,026
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1892
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 75
  • Final Value: 3,189,332
  • High Value: 3,792,830
  • Low Value: 2,585,834

    Market Valuation

  • Market Total Value: $1,976,000
  • Market Land Value: $1,976,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,546,600

    Sales

  • Current Sale Contract Date: Jul 06, 2023
  • Current Sale Recording Date: Jul 14, 2023
  • Current Sale Transaction ID: 11909951185
  • Current Sale Price: $3,650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 486149
  • Previous Sale Recording Date: Oct 08, 2021
  • Previous Sale Contract Date: Sep 30, 2021
  • Previous Sale Amount: $2,350,000
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$3,500,000 May 2, 2023
-
$1,814/mo
House
4 Beds
3 Baths
4,746 ft²
$752/ft²
$3,570,000 Mar 22, 2022
-
$1,265/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 400 North Hibiscus Drive built and last sold?
The property at 400 North Hibiscus Drive was built in 1956 and last sold on Jul 6, 2023 for $3,650,000.
How much is this home worth?
The estimated value of the home located at 400 North Hibiscus Drive is $3,939,000.
What are some comparable homes to 400 North Hibiscus Drive?
There are currently no comparable homes to 400 North Hibiscus Drive.

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