$6,931,000 - $13,862,817
RENTED AUG 10, 2025

205 N Hibiscus Dr Miami Beach, FL 33139

Star, Palm and Hibiscus Islands Neighborhood
4 Beds
3.5 Baths
4,097 Sq Ft
$2,538 Price per Sq Ft

Last Sold May 13, 2024

Last sale price $14,750,000 $3,600 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $76,210/month

Highlights

  • Deeded Boat Dock
  • Guest House
  • Outdoor Pool
  • South Pointe Elementary School Rated A-
  • Gated with Attendant
  • Waterfront

About This Home

As of August 2025

Discover 205 N Hibiscus Drive, a modern waterfront estate on the private, guard-gated Hibiscus Island in Miami Beach. This stunning home features walls of glass with breathtaking bay views and an open floor plan blending indoor and outdoor living. The chef’s kitchen is equipped with premium appliances and custom cabinetry, perfect for entertaining. A separate guest beach house offers privacy and comfort, featuring retractable doors, a lounge, full bath, and outdoor grilling area. Enjoy a spacious terrace, waterfront pool, lush landscaping, and private dock with direct ocean access. Located minutes from South Beach, Downtown Miami, Design District, and Wynwood.

Last Agent to Rent the Property

Janelle Meneses

The Agency Florida LLC License #3595286 Listed on: 07/03/2025

The Agency Florida LLC

Co-Listed By

Brandon Meneses

The Agency Florida LLC License #3393842

Last Renter's Agent

Janelle Meneses

The Agency Florida LLC License #3595286 Listed on: 07/03/2025

The Agency Florida LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $239,984

Year Built

  • Built in 1956

Lot Details

  • 0.48 Acre Lot
  • 120 Ft Wide Lot
  • Waterfront
  • Fenced
  • Property is zoned 0800

Interior Spaces

  • 4,097 Sq Ft Home
  • Ceiling Fan
  • Formal Dining Room
  • Water Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters

Outdoor Features

  • Outdoor Pool
  • Deeded Boat Dock
  • Shed

Additional Homes

  • Guest House

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Gas Water Heater

Listing and Financial Details

  • Property Available on 7/4/25
  • Assessor Parcel Number 02-32-32-006-0480

Community Details

Overview

  • No Home Owners Association
  • Hibiscus Island Subdivision
  • Maintained Community

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Handball Court
  • Community Pool

Security

  • Gated with Attendant
  • Complex Is Fenced

Home Details

Home Type

Single Family

Est. Annual Taxes

$239,984

Year Built

Built in 1956

Lot Details

0

Rental Info

  • Pets Allowed: Yes
  • Available Date: 2025-07-04

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1956
  • Property Sub Type: Single Family Residence
  • Architectural Style: First Floor Entry
  • Co List Office Mls Id: FLL276645855
  • Co List Office Phone: (305) 203-5085
  • Garage Yn: No
  • Horses: No
  • Inclusions: Private Dock, Dock Owned/Included
  • New Construction: No
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: HIBISCUS ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Gas Water Heater
  • Interior Amenities: First Floor Entry, Bar, Walk-In Closet(s), Maid/In-Law Quarters
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Furnished: Partially
  • Living Area: 4097
  • Dining Room Features: Dining/Living Room, Formal Dining
  • Living Room Features: Guest House, Maid/In-Law Quarters

Exterior Features

  • View: Water
  • Fencing: Fenced
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Other Structures: Extra Building/Shed, Guest House
  • Pool Features: Private
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: HIBISCUS ISLAND

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Security: Complex Fenced, Gated with Guard

Condo/Co-op/Association

  • Amenities: Guard At Gate, Handball/Basketball, Security Patrol
  • Association: No
  • Community Features: Lawn/Pool Maintenance, Tennis, Clubhouse, Tennis Court(s)

Lot Info

  • Parcel Number: 02-32-32-006-0480
  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 21000
  • Zoning: 0800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
May 13, 2024
Sold by
205 Hibi Llc
Bought by
205 N Hibiscus Llc
Seller's Agent
Mirce Curkoski
One Sotheby's International Re
Buyer's Agent
Isaac Malagon
One Sotheby's International Re
List Price
$16,500,000
Sold Price
$14,750,000
Premium/Discount to List
-$1,750,000
-10.61%
Views
90
Current Estimated Value
$10,396,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,353,091
Avg. Annual Appreciation
-23.43%

Purchase Details

Listed on
Aug 3, 2021
Closed on
May 4, 2022
Sold by
Hibiscus Island Holdings Llc
Bought by
205 Hibi Llc
Seller's Agent
Bohdan Mastykaz
Compass Florida, LLC
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$14,900,000
Sold Price
$14,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.50%

Purchase Details

Listed on
Aug 22, 2020
Closed on
Apr 19, 2021
Sold by
North Hibiscus Drive Holdings Llc
Bought by
Hibiscus Island Holdings Llc
Seller's Agent
Andres Morales
Coldwell Banker Realty
Buyer's Agent
Bohdan Mastykaz
Compass Florida, LLC
List Price
$9,995,000
Sold Price
$9,000,000
Premium/Discount to List
-$995,000
-9.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.43%

Purchase Details

Listed on
Aug 22, 2020
Closed on
Mar 8, 2021
Sold by
Innes Ingrid P and Crockett Family Trust
Bought by
205 Holdings Llc
Seller's Agent
Andres Morales
Coldwell Banker Realty
Buyer's Agent
Bohdan Mastykaz
Compass Florida, LLC
List Price
$9,995,000
Sold Price
$9,000,000
Premium/Discount to List
-$995,000
-9.95%

Purchase Details

Closed on
Jul 12, 2018
Sold by
Innes Christopher
Bought by
Innes Christopher

Purchase Details

Closed on
Sep 3, 2009
Sold by
Innes Christopher J and Innes Ingrid P
Bought by
Innes Christopher and Gottschall Kurt L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,250,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2006
Sold by
205 North Hibiscus Drive Llc
Bought by
Innes Christopher J and Innes Ingrid P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,200,000
Interest Rate
6.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 2, 2005
Sold by
Shaw William H and Shaw Ellen J
Bought by
205 North Hibiscus Drive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,900,000
Interest Rate
5.77%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
205 N Hibiscus Llc $14,750,000 None Listed On Document
205 Hibi Llc $14,527,500 Union Title
Hibiscus Island Holdings Llc $14,000,000 Attorney
205 Holdings Llc $9,000,000 Attorney
Innes Christopher -- Attorney
Innes Christopher $4,228,000 Attorney
Innes Christopher J $5,600,000 None Available
205 North Hibiscus Drive Llc $5,175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Innes Christopher $500,000
Previous Owner Innes Christopher $1,125,000
Previous Owner Innes Christopher $3,250,000
Previous Owner Innes Christopher $250,000
Previous Owner Innes Christopher $3,000,000
Previous Owner Innes Christopher $3,250,000
Previous Owner Innes Christopher J $4,200,000
Previous Owner 205 North Hibiscus Drive Llc $3,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2025 08/10/25 Rented $29,000 +141.7% --
07/03/2025 07/03/25 For Rent $12,000 0.0% --
05/13/2024 05/13/24 Sold $14,750,000 0.0% $4,229 / Sq Ft
05/13/2024 05/13/24 Sold $14,750,000 -4.8% $2,950 / Sq Ft
03/27/2024 03/27/24 Price Changed $15,500,000 0.0% $4,444 / Sq Ft
03/27/2024 03/27/24 Price Changed $15,500,000 -6.1% $3,100 / Sq Ft
11/29/2023 11/29/23 For Sale $16,500,000 0.0% $4,731 / Sq Ft
11/29/2023 11/29/23 For Sale $16,500,000 0.0% $3,300 / Sq Ft
09/01/2023 09/01/23 Rented $25,000 -21.9% --
08/30/2023 08/30/23 Under Contract -- -- --
08/09/2023 08/09/23 For Rent $32,000 -1.5% --
11/15/2022 11/15/22 Rented $32,500 0.0% --
11/07/2022 11/07/22 Under Contract -- -- --
08/12/2022 08/12/22 Price Changed $32,500 -12.2% $9 / Sq Ft
06/01/2022 06/01/22 Price Changed $37,000 -17.8% $11 / Sq Ft
05/24/2022 05/24/22 For Rent $45,000 0.0% --
05/04/2022 05/04/22 Sold $14,900,000 0.0% $2,980 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
08/02/2021 08/02/21 For Sale $14,900,000 +65.6% $2,980 / Sq Ft
03/08/2021 03/08/21 Sold $9,000,000 0.0% $2,580 / Sq Ft
01/14/2021 01/14/21 Pending -- -- --
01/05/2021 01/05/21 Off Market $9,000,000 -- --
08/21/2020 08/21/20 For Sale $9,995,000 -- $2,866 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $239,984 $14,209,669 $14,070,000 $139,669
2024 $255,989 $12,537,500 $12,140,825 $396,675
2023 $255,989 $12,443,598 $12,350,000 $93,598
2022 $218,372 $11,388,599 $9,555,000 $1,833,599
2021 $66,810 $3,301,489 $0 $0
2020 $66,098 $3,255,907 $0 $0
2019 $64,741 $3,182,705 $0 $0
2018 $61,725 $3,123,362 $0 $0
2017 $61,553 $3,059,121 $0 $0
2016 $60,904 $2,996,201 $0 $0
2015 $61,146 $2,975,374 $0 $0
2014 $62,244 $2,951,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2025

    Janelle Meneses

    The Agency Florida LLC

    (561) 537-6660

    2 Total Sales

    Janelle Meneses
    Section Image

  • B

    Landlord's Co-Listing Agent in 2025

    Brandon Meneses

    The Agency Florida LLC

    (561) 674-1733

    3 Total Sales

    Brandon Meneses
    Section Image
  • Mirce Curkoski

    Seller's Agent in 2024

    Mirce Curkoski

    One Sotheby's International Re

    (305) 538-9711

    5 in this area

    27 Total Sales

    Mirce Curkoski
    Section Image
  • Albert Justo

    Seller Co-Listing Agent in 2024

    Albert Justo

    One Sotheby's International Re

    (786) 326-9613

    7 in this area

    38 Total Sales

    Albert Justo
    Section Image
  • Isaac Malagon

    Buyer's Agent in 2024

    Isaac Malagon

    One Sotheby's International Re

    (305) 972-4785

    4 in this area

    15 Total Sales

    Isaac Malagon
    Section Image
  • Bohdan Mastykaz

    Seller's Agent in 2022

    Bohdan Mastykaz

    Compass Florida, LLC

    (305) 915-5933

    5 in this area

    229 Total Sales

    Bohdan Mastykaz
    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11834170

MIAMI REALTORS® MLS

APN: 02-3232-006-0480

Florida Miami/Dade County Miami Beach 33139 Star, Palm and Hibiscus Islands

205 N Hibiscus Dr, Miami Beach, FL

This home is located at 205 N Hibiscus Dr, Miami Beach, FL 33139 since 03 July 2025 and is currently priced at $10,396,909. This property was built in 1956. 205 N Hibiscus Dr is a home located in Miami-Dade County with nearby schools including South Pointe Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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