See Home Value
$16,467,625*
House - Off Market

77 N Hibiscus Dr

Miami Beach, FL 33139
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
5144 Sqft
$11,655,000 - $14,245,000
Reference Base Price*
27.16%
Since Nov 1, 2021
FL-Miami
Primary Model
Sold Apr 16, 2021
$11,625,000
$6,975,000 by Jpmorgan Chase Bank Na
Mortgage Due Jul 01, 2051

About This Property

OLD WORLD ELEGANCE WITH A MODERN TWIST ON THE WIDE BAY IN HIBISCUS ISLAND! Fully Renovated 5 bed/5.5 bath Med-Mod home w/ infinity pool Overlooking 40ft Ipe Wood Dock + 60 Ft of Waterfront w/ Open Bay Views. 4,619 SQFT Living Space on a 10,500 SQFT lot. Marble Floors w/ In-laid Design in Formal Living Room; Coffered Ceilings in Family Room Leads to Dining room. Wide-Plank Walnut Floors on 2nd Floor. Custom Chef's Kitchen in White Lacquer Clive Christian Cabinetry w/ La Cornue Gas Range & Stainless-Steel Wolf Appliances; Furnished by Artefacto & Kemble Interiors. 3 Bedrooms in the Main House + 2 Bedrooms in Two-Story Guest House w/ living room, dining area & kitchenette. Landscaped Interior Courtyard Unites the 2 Wings of the Home. Polished Nickel Plumbing. Savant Home Automation System.

The manager has listed the unit size as 5144 square feet.
Unit Size
5,144Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$2,518
Property Type
House
Property Taxes
$6,573
HOA Dues
-
Year Built
1925

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Mar 24, 2021 In contract -
In contract
Feb 19, 2021 Price Increased $12,950,000
↑ $2M (18.3%)
Price Increased
Dec 3, 2020 Listed $10,950,000
Listed
Nov 14, 2020 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: E
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Rigid frame bar
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,500
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 600
  • Total Building Area: 5,144
  • Gross Building Area: 5,144
  • Building Area: 4,619
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,619
  • 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: HIBISCUS ISLAND PB 8-75 LOT 49 & 20FT STRIP ADJ IN BAY BLK 2 LOT SIZE 60.000 X 175 OR 15742-3146 TO 82 15742-3351 TO 89 15742-3487 TO 3523 0892 1

Ownership

  • Current Owner : SAKOLO JAY M
  • Current Owner 2: 77 N HIBISCUS DRIVE TRUST
  • Previous Owner : THOMAS LOLA
  • 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: 02-3232-006-0590
  • Block: 2
  • Lot: 49
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7824
  • Longitude: -80.1569

    Address

  • Full Address: 77 N Hibiscus Dr
  • Address - House Number: 77
  • Street Direction: N
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5117
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 4,213
  • Tax Year: 2023
  • Tax Amount: $176,817
  • Tax Rate Code Area: 200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $6,975,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 06, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $6,975,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $9,664,545
  • Market Land Value: $6,457,500
  • Market Improvement Value: $3,207,045

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,825,359

    Sales

  • Current Sale Contract Date: Apr 01, 2021
  • Current Sale Recording Date: Apr 16, 2021
  • Current Sale Transaction ID: 11833672498
  • Current Sale Price: $11,625,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0264163



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
6.5 Baths
5,149 ft²
$2,680/ft²
$13,800,000 Aug 16, 2022
-
$8,084/mo
House
5 Beds
5.5 Baths
4,719 ft²
$2,649/ft²
$12,500,000 Nov 10, 2022
-
$1,817/mo
House
5 Beds
4.5 Baths
4,271 ft²
$3,266/ft²
$13,950,000 May 2, 2022
-
$3,147/mo
House
5 Beds
5.5 Baths
5,618 ft²
$1,869/ft²
$10,500,000 Apr 7, 2022
-
$4,270/mo
House
4 Beds
4 Baths
3,398 ft²
$4,091/ft²
$13,900,000 Apr 27, 2022
-
$2,908/mo
House
4 Beds
4.5 Baths
3,318 ft²
$3,466/ft²
$11,500,000 Jan 9, 2023
-
$4,870/mo
House
4 Beds
4.5 Baths
3,089 ft²
$4,532/ft²
$14,000,000 Apr 9, 2021
-
$8,189/mo
House
4 Beds
5 Baths
3,714 ft²
$3,877/ft²
$14,400,000 Nov 17, 2022
-
$5,544/mo
House
3 Beds
2 Baths
4,946 ft²
$2,123/ft²
$10,500,000 Jul 24, 2022
-
$1,665/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 77 North Hibiscus Drive built and last sold?
The property at 77 North Hibiscus Drive was built in 1925 and last sold on Apr 1, 2021 for $11,625,000.
How much is this home worth?
The estimated value of the home located at 77 North Hibiscus Drive is $13,079,500.
What are some comparable homes to 77 North Hibiscus Drive?
There are currently no comparable homes to 77 North Hibiscus Drive.

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