by RH Advisors

See Home Value
$14,900,000
House - Off Market

56 S Hibiscus Dr

Miami Beach, FL 33139
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3089 Sqft
$81,351
Estimated Monthly
$0
HOA / Fees
0.79%
Cap Rate

About This Property

Casa Babette represents one the most exquisite homes in all of Hibiscus & Palm islands. Upon entering the estate you're welcomed into a tropical oasis by renowned artist Stantley Matz. Parking for 10 + cars, southern exposure to the downtown skyline sporting breathtaking sunsets.Double height ceilings in the foyer, direct water views & unparalleled attention to detail. Custom work done by acclaimed interior design firm Kakar House of Design.Heated pool & outdoor kitchen. Guest house offers versatility in lifestyle. Private dual terraces, steam-shower, chef's kitchen.Picturesque sun room & living room offer the best lounge & entertainment areas overlooking the water. Stroll through your gardens day or night, and watch the sunset from your 800 sqft wood dock.When only the best will do.
Unit Size
3,089Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$4,824
Property Type
House
Property Taxes
$8,189
HOA Dues
-
Year Built
1934
Last updated: 3 months ago (Miami MLS #A11401249)

Price History

Date / Event Date Event Price
Jan 25, 2024 No longer available -
No longer available
Jun 22, 2023 Listed by Douglas Elliman $14,900,000
Listed by Douglas Elliman
Feb 12, 2023 No longer available -
No longer available
Nov 4, 2022 Relisted $14,000,000
Relisted
Sep 8, 2022 No longer available -
No longer available
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1993
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 10,500
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 60,000
  • Total Building Area: 3,089
  • Gross Building Area: 3,089
  • Building Area: 3,089
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,089
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIBISCUS ISLAND
  • Land Acres: 0.241
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 32 53 42 4 54 42 HIBISCUS ISLAND PB 8-75 LOT 11 & 20FT STRIP BLK 3 LOT SIZE 60.000 X 175 COC 23785-3194 02 2005 4

Ownership

  • Current Owner : LAWSON DONALD L
  • Previous Owner : KENNEDY MARTIN
  • Owner Before Previous Owner: AIRALA MANUEL A
  • Owner Before Previous Owner 2: AIRALA MARTA S
  • 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: 02-3232-006-0700
  • Block: 3
  • Lot: 11
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.781
  • Longitude: -80.1575

    Address

  • Full Address: 56 S Hibiscus Dr
  • Address - House Number: 56
  • Street Direction: S
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5128
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 3,089
  • Tax Year: 2023
  • Tax Amount: $116,064
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.0941
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 91
  • Final Value: 48,947
  • High Value: 53,557
  • Low Value: 44,336

    Market Valuation

  • Market Total Value: $7,051,081
  • Market Land Value: $6,457,500
  • Market Improvement Value: $593,581

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,403,064

    Sales

  • Current Sale Contract Date: Jan 13, 2005
  • Current Sale Recording Date: Jan 21, 2005
  • Current Sale Transaction ID: 1067633933
  • Current Sale Price: $3,315,000
  • Current Sale Document Type: Personal Representatives Deed
  • Current Sale Input Document Number: 2005R0068690
  • Previous Sale Recording Date: Apr 18, 2000
  • Previous Sale Amount: $1,750,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jan 21, 2005
  • First Mortgage Loan Amount: $2,600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Feb 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
5 Baths
3,686 ft²
$4,042/ft²
$14,900,000 May 19, 2023
-
$5,516/mo
House
5 Beds
4 Baths
3,488 ft²
$5,103/ft²
$17,800,000 Jun 28, 2023
-
-
House
3 Beds
4 Baths
3,646 ft²
$4,663/ft²
$17,000,000 Nov 9, 2022
-
$2,317/mo
House
5 Beds
4.5 Baths
4,271 ft²
$3,020/ft²
$12,900,000 May 2, 2022
-
$3,147/mo
House
5 Beds
5.5 Baths
4,429 ft²
$3,048/ft²
$13,500,000 Jun 23, 2023
-
$6,606/mo
House
6 Beds
6.5 Baths
6,746 ft²
$2,060/ft²
$13,900,000 Aug 12, 2023
-
$8,869/mo
House
9 Beds
11 Baths
8,216 ft²
$1,765/ft²
$14,500,000 Jan 18, 2023
-
$3,811/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 56 South Hibiscus Drive built and last sold?
The property at 56 South Hibiscus Drive was built in 1934 and last sold on Jan 13, 2005 for $3,315,000.
How much is this home worth?
The estimated value of the home located at 56 South Hibiscus Drive is $14,797,329.
What are some comparable homes to 56 South Hibiscus Drive?
There are currently no comparable homes to 56 South Hibiscus Drive.

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