205 N Hibiscus Dr Miami Beach, FL 33139
Star, Palm and Hibiscus Islands NeighborhoodEstimated payment $152,393/month
About This Home
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.
Map
Home Details
Home Type
Single Family
Year Built
1956
Lot Details
0.48 Acres
Listing Details
- Prop. Type: Residential
- Property Sub Type: Single Family Residence
- Property Sub Type Additional: Single Family Residence
- Year Built: 1956
- Entry Level: 1
- Unit Levels: One
- Building Stories: 1
- DelayedMarketingYN: No
- Special Features: VirtualTour
- Stories: 1
Interior Features
- Interior Amenities: Other
- Appliances: Dishwasher, Refrigerator
- Full Bathrooms: 3
- Total Bedrooms: 4
- Flooring: Tile
- Living Area: 4097.0
- Stories: 1
Exterior Features
- Exterior Features: Other
- View: Ocean, Other
- Road Frontage Type: Waterfront
- Lot Features: 1/4 to 1/2 Acre Lot
- Pool Features: Other
- Pool Private: Yes
- View: Yes
- Waterfront Features: None, Ocean Front, Other
- Waterfront: No
- Construction Type: Block
- Direction Faces: North
- Roof: Other
Garage/Parking
- Garage Yn: No
- Parking Features: Circular Driveway
Utilities
- Cooling: Central Air
- Cooling Y N: Yes
- Heating: Central
- Heating Yn: Yes
- Sewer: Public Sewer
- Water Source: Public
Condo/Co-op/Association
- Senior Community: No
- Amenities: Gated
- Association: No
Schools
- Elementary School: Miami Beach South Pointe
- High School: Miami Beach
- Middle Or Junior School: Miami Beach Nautilus
Lot Info
- Parcel #: 0232320060480
- Lot Size Acres: 0.48
- Mobile Dim Units: Feet
- Zoning: 0800
Tax Info
- Tax Year: 2025
- Tax Annual Amount: 239661.0
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $239,661 | $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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/21/2026 08/21/26 | Pending | -- | -- | -- | |
| 08/18/2026 08/18/26 | For Sale | $24,000,000 | 0.0% | $5,858 / Sq Ft | |
| 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 | View Prior Sale |
| 05/13/2024 05/13/24 | Sold | $14,750,000 | -4.8% | $2,950 / Sq Ft | View Prior Sale |
| 05/06/2024 05/06/24 | Pending | -- | -- | -- | |
| 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% | $3,300 / Sq Ft | |
| 11/29/2023 11/29/23 | For Sale | $16,500,000 | 0.0% | $4,731 / 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 | -27.8% | -- | |
| 11/07/2022 11/07/22 | Under Contract | -- | -- | -- | |
| 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 | View Prior Sale |
| 01/25/2022 01/25/22 | 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 | View Prior Sale |
| 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 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $14,750,000 | None Listed On Document | |
| Warranty Deed | $14,527,500 | Union Title | |
| Warranty Deed | $14,000,000 | Attorney | |
| Warranty Deed | $9,000,000 | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $4,228,000 | Attorney | |
| Warranty Deed | $5,600,000 | None Available | |
| Warranty Deed | $5,175,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $1,125,000 | Credit Line Revolving | |
| Previous Owner | $3,250,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $3,000,000 | Unknown | |
| Previous Owner | $3,250,000 | New Conventional | |
| Previous Owner | $4,200,000 | Unknown | |
| Previous Owner | $3,900,000 | Unknown |
Source: MIAMI REALTORS® MLS
MLS Number: A12070726
APN: 02-3232-006-0480
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