by RH Advisors

Check Availability
$11,111,000
↓ $1.1M (9.1%)
House - For Sale

575 Hibiscus Ln

Miami, FL 33137
bedrooms
5 Beds
bathrooms
5 Baths
square feet
3814 Sqft
$60,227
Estimated Monthly
$654
HOA / Fees
1.01%
Cap Rate

About This Property

TWO LOTS! Attention all investors savvy buyers! This is the best price in Bay Point for a double lot with a great location in Hibiscus street. For investors, there's the potential to split the lot and build two single-family homes. For savvy buyers, it's a great opportunity to own a single-family home on a double with future building potential. The current residence is a renovated one-story Balinese style home  boasting five bedrooms, five bathrooms, an open floor plan with high ceilings, and outdoor spaces surrounded by lush tropical greenery.  Enjoy the serene retreat with balinese pergola, outdoor tub, and oversized pool. Don't miss this lifestyle investing opportunity to make your home an active asset.
Unit Size
3,814Ft²
Days on Market
218 days
Land Size
0.58 acres
Price per sqft
$2,913
Property Type
House
Property Taxes
$5,016
HOA Dues
$654
Year Built
1948
Listed By
Ana Ducasa Rodriguez
New Castle Realty Group, LLC.
Claudia Aros
Coldwell Banker Realty
Last updated: 29 days ago (Miami MLS #A11454501)

Price History

Date / Event Date Event Price
Mar 20, 2024 Price Decreased $11,111,000
↓ $1M (9.1%)
Price Decreased
Sep 26, 2023 Listed by Coldwell Banker Realty $12,222,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway
Garage Spaces: 9
Covered Parking Spaces: 9
Interior Details

Bathroom Information

Full Bathrooms: 5
Master Bathroom Features: Shower Only

Bedroom Information

Bedrooms: 5
Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bedroom Ground Level

Interior Information

Interior Features: First Floor Entry, Entrance Foyer, Walk-In Closet(s), Family Room, Storage, Utility Room/Laundry
Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Gas Range, Refrigerator, Washer
Flooring Type: Marble, Terrazzo, Wood
Door Features: High Impact Doors
Laundry Features: Utility Room/Laundry

Room Information

Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
Living Room Features: Family Room, Storage Room, Utility Room/Laundry

Fireplace Information

Has Fireplace
Fireplace Features: Decorative

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 300
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 25,380
  • Lot Size Depth Feet: 1,590
  • Lot Size Frontage Feet: 790
  • Total Building Area: 4,875
  • Gross Building Area: 4,875
  • Building Area: 3,814
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,814
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAY POINT
  • Land Acres: 0.583
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 19 53 42 BAY POINT PB 40-63 LOTS 2 & 3 BLK 9 AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE IRREGULAR

Ownership

  • Current Owner : AROS CLAUDIA
  • Previous Owner : SIENA HOLDING 1 LLC
  • Owner Before Previous Owner: FEINBERG DANIEL
  • Owner Before Previous Owner 2: FEINBERG DAWN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002100

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 175
  • District: 01
  • Parcel: 01-3219-008-1370
  • Block: 9
  • Lot: 2,3
  • Meridian: SEC 19 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8192
  • Longitude: -80.1864

    Address

  • Full Address: 575 Hibiscus Ln
  • Address - House Number: 575
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Miami
  • Carrier Code: C054
  • 4-Digit Zip Code: 3322
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 4,311
  • Tax Year: 2023
  • Tax Amount: $61,835
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1828
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 5,572,205
  • High Value: 6,591,211
  • Low Value: 4,553,200

    Market Valuation

  • Market Total Value: $4,173,633
  • Market Land Value: $3,515,130
  • Market Improvement Value: $658,503

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,031,432

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 08, 2018
  • Current Sale Recording Date: Feb 20, 2018
  • Current Sale Transaction ID: 11414580922
  • Current Sale Price: $2,700,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018R0098457
  • Previous Sale Recording Date: Oct 21, 2013
  • Previous Sale Contract Date: Oct 18, 2013
  • Previous Sale Amount: $2,267,000
  • 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
House
6 Beds
8 Baths
7,924 ft²
$1,641/ft²
$13,000,000 Jan 24, 2022
$13,000,000 Sep 29, 2023
$11,523/mo
House
6 Beds
8 Baths
6,574 ft²
$1,514/ft²
$9,950,000 Jun 12, 2023
-
$6,784/mo

About Northern Miami


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Unit for rent at 935 Ne 75th St, Miami, FL, 33138

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935 Ne 75th St, Miami, FL, 33138 Listing by Julian Johnston


Frequently Asked Questions

When was property at 575 Hibiscus Lane built and last sold?
The property at 575 Hibiscus Lane was built in 1948 and last sold on Feb 8, 2018 for $2,700,000.
How much is this home worth?
The estimated value of the home located at 575 Hibiscus Lane is $11,222,110.
What are some comparable homes to 575 Hibiscus Lane?
Homes that are comparable to 575 Hibiscus Lane include a house property at 4225 Lake Road, 269 North Hibiscus Drive, which are both great to check out.

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