by RH Advisors

Check Availability
$30,000,000
House - For Sale

432 S Hibiscus Dr

Miami Beach, FL 33139
bedrooms
5 Beds
bathrooms
7 Baths, 2 Half Baths
square feet
6090 Sqft
$161,384
Estimated Monthly
0.10%
Cap Rate

About This Property

This one-of-a-kind Mediterranean estate is located on one of the most sought after plots on Hibiscus Island. The residence offers stunning panoramic views of ocean sunsets and the Miami skyline. The custom estate comes with everything expected from a luxury home such as superior construction, open spaces, top of the line finishes and spectacular views. The private dock w/ boat lift shares more than 125 feet of water frontage. The island is Police guarded and offers a basketball court, tennis court and children's playground.
Unit Size
6,090Ft²
Days on Market
1047 days
Land Size
0.42 acres
Price per sqft
$4,926
Property Type
House
Property Taxes
$14,078
HOA Dues
-
Year Built
2001

Listed By

Last updated: 2 months ago (Miami MLS #A11079819)

Price History

Date / Event Date Event Price
May 9, 2024 Relisted $28,000,000
Relisted
May 7, 2024 In contract -
In contract
Apr 27, 2024 Price Increased $30,000,000
↑ $2M (7.1%)
Price Increased
Nov 1, 2023 Price Decreased $28,000,000
↓ $2M (6.7%)
Price Decreased
Nov 1, 2023 Relisted $30,000,000
Relisted
Show More

Property Highlights

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

Bathroom Information

Half Bathrooms: 2
Full Bathrooms: 5

Bedroom Information

Bedrooms: 5
Bedroom Features: Entry Level

Interior Information

Interior Features: First Floor Entry, Cooking Island, Family Room, Great Room, Utility Room/Laundry
Appliances: Dishwasher, Disposal, Dryer, Microwave, Gas Range, Wall Oven, Washer
Flooring Type: Marble
Door Features: High Impact Doors
Laundry Features: Utility Room/Laundry

Room Information

Living Room Features: Family Room, Great Room, Utility Room/Laundry

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 551
  • Parking Space Count: 0
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 18,463
  • Total Building Area: 8,542
  • Gross Building Area: 8,542
  • Building Area: 6,090
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,090
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIBISCUS ISLAND
  • Land Acres: 0.424
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIBISCUS ISLAND PB 8-75 LOT 28 & LOT 29 LESS THAT PORT OF LOT 29 DESC AS COMM AT NW COR OF LOT 30 TH SELY AD 70FT FOR POB CONT SELY AD 12FT S 78 DEG E 175FT NLY AD 6.35FT NWLY AD 175FT TO POB & 20FT STRIP IN BAY ADJ BLK 1 LOT SIZE 18463 SQ FT OR 2737

Ownership

  • Current Owner : AMM 432 SOUTH HIBISCUS DRIVE LLC
  • Previous Owner : SWEET GIFT LLC
  • Owner Before Previous Owner: MENDOZA WAYNE J
  • Owner Before Previous Owner 2: MENDOZA GINGER V
  • 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: 0800

Geography

  • Assessors Map Reference: 182
  • District: 02
  • Parcel: 02-3232-006-0230
  • Block: 1
  • Lot: 28,29
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7849
  • Longitude: -80.1654

    Address

  • Full Address: 432 S Hibiscus Dr
  • Address - House Number: 432
  • Street Direction: S
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5136
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 7,069
  • Tax Year: 2023
  • Tax Amount: $386,305
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 74,492
  • High Value: 81,490
  • Low Value: 67,495

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $12,600,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Aug 05, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $12,600,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $21,725,627
  • Market Land Value: $16,616,700
  • Market Improvement Value: $5,108,927

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,399,724

    Sales

  • Current Sale Contract Date: Jul 26, 2021
  • Current Sale Recording Date: Aug 05, 2021
  • Current Sale Transaction ID: 11849740911
  • Current Sale Price: $21,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0572575
  • Previous Sale Recording Date: Jul 11, 2013
  • Previous Sale Contract Date: May 28, 2013
  • Previous Sale Amount: $8,000,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Aug 05, 2021
  • First Mortgage Loan Amount: $12,600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: TOTALBANK
  • Previous Mortgage Transaction Date: Jul 11, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $4,800,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jun 01, 2043

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
7 Baths
8,242 ft²
$2,900/ft²
$23,900,000 Jun 7, 2022
$23,900,000 Apr 25, 2024
$8,019/mo
House
7 Beds
8 Baths
6,132 ft²
$5,219/ft²
$32,000,000 Oct 9, 2023
$32,000,000 Nov 17, 2023
$11,935/mo
House
5 Beds
7 Baths
-
$23,083,816 May 8, 2024
$23,083,816 May 8, 2024
$14,202/mo
House
7 Beds
8 Baths
7,818 ft²
$4,285/ft²
$33,500,000 Oct 23, 2023
-
$10,696/mo
Land
Loft
-
-
$30,000,000 Jan 28, 2022
-
$16,145/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 432 South Hibiscus Drive built and last sold?
The property at 432 South Hibiscus Drive was built in 2001 and last sold on Jul 26, 2021 for $21,000,000.
How much is this home worth?
The estimated value of the home located at 432 South Hibiscus Drive is $30,300,000.
What are some comparable homes to 432 South Hibiscus Drive?
Homes that are comparable to 432 South Hibiscus Drive include a house property at 320 South Hibiscus Drive, 432 South Hibiscus Drive, 1417 North Venetian Way.

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