NOT LISTED FOR SALE

Estimated Value: $8,752,000

7 Beds
7.5 Baths
7,818 Sq Ft
$1,119/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $32,500,000 $4,157 Per Sq Ft

Current estimated payment $56,070/month

209 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Home Theater
  • South Pointe Elementary School Rated A-
  • Property Fronts a Bay or Harbor
  • New Construction

About This Home

As of June 2024

This 2-story, Ralph Choeff designed waterfront estate on guard-gated Hibiscus Island truly epitomizes luxury living in Miami Beach. Property boasts 7BR/7+1BA, sitting on a meticulously landscaped 15,750 SF lot, w/panoramic vistas of the iconic Miami skyline. Inside, the residence showcases impeccable interior design, soaring ceilings, & floor-to-ceiling telescoping glass doors that flood serene natural light while bringing the outdoors in. The expansive Great Room seamlessly integrates a family/media room, dining area, & chef's kitchen, all w/captivating water views. The 2nd story principal suite offers a terrace overlooking the waterway with city views and a beautiful plunge pool/spa. Outdoor spaces are a tropical oasis w/infinity pool, private dock for large vessels & easy ocean access.

Last Agent to Sell the Property

Jill Hertzberg

Coldwell Banker Realty License #0551544 Listed on: 11/02/2023

Coldwell Banker Realty

Co-Listed By

Daniel Hertzberg

Coldwell Banker Realty License #3212309

Last Buyer's Agent

Jill Hertzberg

Coldwell Banker Realty License #0551544 Listed on: 11/02/2023

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $128,350

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.36 Acre Lot
  • 90 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • North Facing Home
  • Property is zoned 0800

Parking

  • 2 Car Attached Garage
  • Driveway
  • Open Parking

Property Views

  • Bay
  • Pool

Home Design

  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,818 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Built-In Features
  • Sliding Windows
  • Casement Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Home Theater
  • Wood Flooring
  • High Impact Windows

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Pool

  • Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Private Dock
  • Balcony
  • Exterior Lighting
  • Outdoor Grill

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-32-006-0115

Community Details

Overview

  • No Home Owners Association
  • Hibiscus Island Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$128,350

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Co List Office Mls Id: CBRE68
  • Co List Office Phone: 305-672-6300
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock
  • New Construction: Yes
  • Structure Type: House
  • Subdivision Name: HIBISCUS ISLAND
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Built-in Features, Elevator, Entrance Foyer, Split Bedroom, Walk-In Closet(s), Media Room, Utility Room/Laundry
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Entry Location: Foyer
  • Flooring: Other, Wood
  • Furnished: Unfurnished, Partially Furnished
  • Living Area: 7818
  • Possible Use: Unknown/Withheld
  • Window Features: Casement, High Impact Windows, Sliding
  • Bedroom Features: Primary Bedroom Upstairs
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Media Room, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Concrete
  • View: Bay, Pool
  • Exterior Features: Built-In Grill, Lighting, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Balcony
  • Pool Features: Heated
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, No Fixed Bridges
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: HIBISCUS ISLAND
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association: No
  • Community Features: Gated Community

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-32-006-0115
  • Lot Size Sq Ft: 15750
  • Zoning: 0800
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 128350

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2021
Sold by
320 South Hibiscus Drive Llc
Bought by
Volantis Properties Llc
Current Estimated Value
$8,752,000

Purchase Details

Listed on
Mar 9, 2018
Closed on
Sep 27, 2018
Sold by
Mount Sinai Medical Center Foundation In
Bought by
320 South Hibiscus Drive Llc
Seller's Agent
Eloy Carmenate
The Corcoran Group
Buyer's Agent
Natalia Gryczynska
Hilton Hilton Real Estate LLC
List Price
$13,950,000
Sold Price
$11,600,000
Premium/Discount to List
-$2,350,000
-16.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.11%
Original Mortgage
$1
Interest Rate
4.52%

Purchase Details

Closed on
Jul 18, 2018
Sold by
Kern Kathy B
Bought by
Mount Sinai Medical Center Foundation In

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1
Interest Rate
4.52%

Purchase Details

Closed on
Jul 16, 2018
Sold by
Kern Steven
Bought by
Medical Center Foundation Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1
Interest Rate
4.52%

Purchase Details

Closed on
Jul 9, 2018
Sold by
Kern Kathy B and Brown Steven
Bought by
Mount Sinai Medical Center Foundation In

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1
Interest Rate
4.52%

Purchase Details

Closed on
Mar 17, 1993
Sold by
Kern Yvette T and Kern Herbert
Bought by
Kern Herbert
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
Volantis Properties Llc $22,000,000 Attorney
320 South Hibiscus Drive Llc $11,600,000 Union Title Services Inc
Mount Sinai Medical Center Foundation In -- Attorney
Medical Center Foundation Inc -- Attorney
Mount Sinai Medical Center Foundation In -- Attorney
Mount Sinai Medical Center Foundation In $4,000,000 Attorney
Kern Herbert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Steven $1
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $32,500,000 -3.0% $4,157 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
03/13/2024 03/13/24 Price Changed $33,500,000 -3.6% $4,285 / Sq Ft
02/05/2024 02/05/24 Price Changed $34,750,000 -7.3% $4,445 / Sq Ft
11/16/2023 11/16/23 For Sale $37,500,000 0.0% $4,797 / Sq Ft
11/16/2023 11/16/23 Off Market $37,500,000 -- --
11/02/2023 11/02/23 For Sale $37,500,000 +223.3% $4,797 / Sq Ft
09/27/2018 09/27/18 Sold $11,600,000 -16.8% $2,492 / Sq Ft
07/05/2018 07/05/18 Pending -- -- --
03/06/2018 03/06/18 For Sale $13,950,000 -- $2,997 / 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 $399,633 $21,796,456 -- --
2024 $401,497 $19,814,960 -- --
2023 $401,497 $18,013,600 $9,686,250 $8,327,350
2022 $139,037 $7,166,250 $7,166,250 $0
2021 $116,373 $5,827,500 $5,827,500 $0
2020 $107,526 $5,355,000 $5,355,000 $0
2019 $220,977 $11,204,278 $10,710,000 $494,278
2018 $202,605 $10,574,278 $10,080,000 $494,278
2017 $31,733 $1,493,690 $0 $0
2016 $31,112 $1,462,968 $0 $0
2015 $30,971 $1,452,799 $0 $0
2014 $31,545 $1,441,269 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11478906

MIAMI REALTORS® MLS

APN: 02-3232-006-0110