NOT LISTED FOR SALE

290 S Hibiscus Dr Miami Beach, FL 33139

Star, Palm and Hibiscus Islands Neighborhood

Estimated Value: $8,207,000 - $9,165,648

3 Beds
4 Baths
1,792 Sq Ft
$4,883/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $8,750,000 $4,883 Per Sq Ft

Current estimated payment $48,592/month

99 Days on Market

Highlights

  • Private Dock
  • Property Fronts a Bay or Harbor
  • Sun or Florida Room
  • South Pointe Elementary School Rated A-
  • Room in yard for a pool
  • L-Shaped Dining Room

About This Home

As of July 2024

Location & Price! The best of both worlds. This never before listed premier Hibiscus Island property is now available and perfect for someone looking to knock down and create their own style Dream house of waterfront property with the best sticker price. This timeless piece is within 5 minutes driving to Miami's Beaches, Cruise lines and Miami's Downtown area. The island offers private tennis courts and playground for their residents. Property will require the seawall to be repaired. Except for seawall repairs the house is charming with unique characters of the 1950's.

Last Agent to Sell the Property

Margarita Lozano

RE/MAX Advance Realty II License #3267898 Listed on: 03/27/2024

RE/MAX Advance Realty II

Last Buyer's Agent

Alexa Iacovelli

Luxe Living Realty License #3352544

Luxe Living Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,065

Year Built

  • Built in 1954

Lot Details

  • 10,500 Sq Ft Lot
  • 60 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • South Facing Home
  • Fenced
  • Property is zoned 0800

Parking

  • 1 Car Attached Garage
  • Circular Driveway
  • Open Parking

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,792 Sq Ft Home
  • 1-Story Property
  • L-Shaped Dining Room
  • Sun or Florida Room
  • Tile Flooring
  • Bay Views
  • Electric Range
  • Washer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms
  • Shower Only in Primary Bathroom

Outdoor Features

  • Room in yard for a pool
  • Private Dock
  • Exterior Lighting
  • Porch

Schools

  • South Pointe Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • No Cooling
  • No Heating

Community Details

  • Property has a Home Owners Association
  • Hibiscus Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-32-006-0080

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,065

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1954
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Directions: Take the Macarthur Parkway and turn North onto the Hibiscus and Palm Island entrance bridge. Hibiscus Island is located after the second bridge. Once you enter the island turn right and circle around the island. The subject property is on the south side.
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: HIBISCUS ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Florida Room
  • Spa Yn: No
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1792
  • Possible Use: Investment
  • Bedroom Features: Entry Level, Primary Bath Shower
  • Dining Room Features: L Shaped Dining
  • Living Room Features: Florida Room
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • Roof: Barrel Roof
  • View: Bay, Water
  • Exterior Features: Lighting, Fruit Trees, Room For Pool
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: HIBISCUS ISLAND
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: Voluntary

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-32-006-0080
  • Lot Size Sq Ft: 10500
  • Zoning: 0800
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 15065

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2024
Closed on
Jul 11, 2024
Sold by
Williamson Mark E and Williamson Maria A
Bought by
290 S Hibiscus Llc
Seller's Agent
Margarita Lozano
RE/MAX Advance Realty II
Buyer's Agent
Alexa Iacovelli
Luxe Living Realty
List Price
$9,500,000
Sold Price
$8,750,000
Premium/Discount to List
-$750,000
-7.89%
Views
36
Current Estimated Value
$8,750,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412
Avg. Annual Appreciation
-2.62%
Original Mortgage
$5,687,500
Outstanding Balance
$5,629,614
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$2,855,082

Purchase Details

Closed on
Oct 25, 2008
Sold by
Williamson Mark E and Williamson Maria A
Bought by
Williamson Mark E and Williamson Maria A
Source: Public Records

Range of Values:

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Average Value
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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
290 S Hibiscus Llc $8,750,000 Pinnacle Title Group
Williamson Mark E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 290 S Hibiscus Llc $5,687,500
Previous Owner Williamson Mark E $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2024 07/11/24 Sold $8,750,000 -7.9% $4,883 / Sq Ft
07/04/2024 07/04/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $9,500,000 -- $5,301 / 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 $15,381 $7,085,891 $7,035,000 $50,891
2024 $15,065 $704,123 -- --
2023 $15,065 $683,615 $0 $0
2022 $14,620 $663,704 $0 $0
2021 $14,043 $644,373 $0 $0
2020 $13,904 $635,477 $0 $0
2019 $13,639 $621,190 $0 $0
2018 $12,992 $609,608 $0 $0
2017 $13,204 $597,070 $0 $0
2016 $12,600 $584,790 $0 $0
2015 $12,239 $580,725 $0 $0
2014 $12,514 $576,117 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Margarita Lozano

    Seller's Agent in 2024

    Margarita Lozano

    RE/MAX

    (305) 401-2034

    1 in this area

    83 Total Sales

    Margarita Lozano
    Section Image
  • Alexa Iacovelli

    Buyer's Agent in 2024

    Alexa Iacovelli

    Luxe Living Realty

    (305) 673-6787

    8 in this area

    12 Total Sales

    Alexa Iacovelli
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11555001

MIAMI REALTORS® MLS

APN: 02-3232-006-0080

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

290 S Hibiscus Dr, Miami Beach, FL

This home is located at 290 S Hibiscus Dr, Miami Beach, FL 33139 since 27 March 2024 and is currently estimated at $8,750,412, approximately $4,883 per square foot. This property was built in 1954. 290 S 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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