$22,000,000
Miami Beach, FL 33139
MLS# A12070726
Status: Closed
4 beds | 3 baths | 4097 sqft
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Property Description
A RARE HIBISCUS ISLAND DEVELOPMENT OPPORTUNITY. An extraordinary chance to create a landmark custom estate on one of Miami Beach’s most coveted private islands. This rare lot presents a premier canvas for a developer, builder, or end user with the vision to deliver a truly exceptional ultra-luxury residence.Envision a massive, architecturally significant custom home designed around grand-scale indoor-outdoor living, resort-style entertaining, dramatic interiors, and the elevated lifestyle synonymous with Hibiscus Island. Create a private sanctuary featuring expansive living spaces, a showpiece pool and outdoor oasis, lush tropical landscaping, and bespoke amenities worthy of Miami’s most discerning buyer.Surrounded by prestigious waterfront estates and just minutes from Miami Beach, South Beach, Downtown Miami, Brickell, world-class dining, shopping, marinas, and nightlife, this is more than a homesite—it is an opportunity to create the next iconic Miami Beach estate.Bring your architect. Bring your vision. Build something unforgettable.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-08-18
Status: Closed
Original List Price: 24000000
Sold Price: $22,000,000
Current Price: $22,000,000
Occupant Type: Vacant
Location and Legal
Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 205
Street Direction Prefix: N
Street Name: Hibiscus
Street Suffix: Drive
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 5121
Postal Zip: 33139
Subdivision Name: HIBISCUS ISLAND
Area: 2320
Elementary School: Miami Beach South Pointe
Middle Or Junior School: Miami Beach Nautilus
High School: Miami Beach
Parcel Number: 0232320060480
Subdivision Number: 6
Zoning: 0800
Flood Zone: AE
General Property Information
Property Sub Type: Single Family Residence
Bedrooms Total: 4
Bathrooms Total: 3
Bathrooms Full: 3
Building Area Main: 4097
Living Area Main: 4097
Adjusted Area Main: 3894
Year Built: 1956
Lot Size Area: 21000
Lot Size Acres: 0.48
Senior Community YN: No
Waterfront YN: 1
Water Frontage Feet: 120
Stories Total: 1
Direction Faces: North
Pool Private YN: Yes
Financial Information
Membership Fee Required YN: No
Tax Annual Amount: 239661
Tax Year: 2025
Tax Legal Description: HIBISCUS ISLAND PB 8-75 LOT 31 & ALL LOT 32 LESS E40FT BLK 2 LOT SIZE 120.000 X 175 OR 13811-386 0788 1 COC 24708-4581 0606 1 25072-1842
Status Change Information
Major Change Timestamp: 2026-09-23T04:00:00Z
Major Change Type: Status Change
Status Change Date: 2026-09-23
Under Contract Date: 2026-08-21
Close Date: 2026-09-23
Close Price: 22000000
Buyer Financing: Cash
Entry Information
Entry Level: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Pool Size Details
Pool Size (WxL): 36
Buyer Details
Country of Origin: United States
Intended Use: Investment
Buyer State: Florida
Zip Code: 33139
Concessions
Seller Concessions: No
Price Calculations
Current Price To SqFt: 5369.78
Section Details
Parcel Number MLX: 0480
Originating Details
Originating System Key: 549471504
Originating System ID: M00000151
Property Features
Association Amenities: Gated
Exterior Features: Other
Flooring: Tile
Leasing Permitted Details: Okay To Lease
Parking Features: Circular Driveway
Appliances: Dishwasher; Refrigerator
Construction Materials: Concrete Block - No Stucco
Cooling: Central Air
Heating: Central
Levels: One
Listing Terms: Cash
Pool Features: Other
Possession: Close Of Escrow
Roof: Other
Sewer: Public Sewer
Special Information: Sold As-Is
Tax Information: City/County
View: Other
Water Access: None
Water Source: Public
Water View: Ocean
Waterfront Features: Ocean Front; Other
Showing Requirements: Appointment Only
Contingencies: Other
Room Types: Family Room; Other
Acreage Description: 1/4 To Less Than 1/2 Acre Lot
Room Information
| Room Name |
| Family Room |
| Other |
Listing Office: Agentwise Realty
Last Updated: September - 24 - 2026
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