$49,500,000

Estimated payment $277,387/month

7 Beds
8 Baths
8,300 Sq Ft
$5,964 Price per Sq Ft

Highlights

  • Property has ocean access
  • Private Dock
  • In Ground Pool
  • South Pointe Elementary School Rated A-
  • Property Fronts a Bay or Harbor
  • Gated Community

About This Home

Enter this stunning waterfront masterpiece where luxury meets sophistication on guard gated Hibiscus Island. This brand new architectural marvel designed by Kobi Karp offers over 8,000 square feet of meticulously crafted living space curated by Argent Design blending art and architecture. Inspired by iconic sculptures, this estate pushes the boundaries of design, creating a home that's not just a place to live, but a living work of art. With soaring 11'6" ceilings and exquisite finishes throughout, this home will impress the most discerning buyer. Seven bedrooms and eight total bathrooms provide generous accommodations, while timber floors and a stone facade create an atmosphere of refined elegance. The spectacular southwest exposure frames downtown Miami's glittering skyline and delivers breathtaking sunset views daily. Your 90 feet of pristine water frontage becomes your personal paradise, enhanced by lush tropical landscaping by CLAD Landscape Architecture. Premium amenities include an elevator, full home generator, two-car garage & rooftop entertainment level. This 24 HR guard-gated community offers tennis courts, basketball, and children's playground, plus you're just minutes from the best shopping & dining in South Beach & Miami Design District.

Listing Agent

Devin Kay

Douglas Elliman License #3282307 Listed on: 11/26/2025

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $201,036

Year Built

  • Home Under Construction

Lot Details

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

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Modern Architecture
  • Concrete Roof

Interior Spaces

  • 8,300 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar
  • Vaulted Ceiling
  • Blinds
  • Family Room
  • Formal Dining Room
  • Den
  • Wood Flooring
  • Bay Views

Kitchen

  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom
  • Bathtub

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • Complete Impact Glass
  • High Impact Door

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Private Dock
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-32-006-0150

Community Details

Overview

  • Property has a Home Owners Association
  • Voluntary home owners association
  • Hibiscus Island Subdivision
  • Maintained Community

Recreation

  • Tennis Courts

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$201,036

Year Built

Home Under Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2026
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Modern/Contemporary
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock,Unrestricted Salt Water Access
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: HIBISCUS ISLAND
  • Year Built Details: Under Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 49500000
  • InternetRemarks: Enter into this stunning waterfront masterpiece where luxury meets sophistication on guard gated Hibiscus Island.
  • ShowingTimeFlag: No
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Bar, Built-in Features, Closet Cabinetry, Cooking Island, Elevator, Pantry, Split Bedroom, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Family Room, Other, Utility Room/Laundry
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Door Features: High Impact Doors
  • Flooring: Other, Wood
  • Living Area: 8300
  • Other Equipment: Automatic Garage Door Opener
  • Window Features: Complete Impact Glass, Blinds
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub
  • Dining Room Features: Eat-In Kitchen, Formal Dining, Snack Bar/Counter
  • Living Room Features: Den/Library/Office, Family Room, Other, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Concrete, Other
  • View: Bay
  • Exterior Features: Built-In Grill, Lighting
  • Construction Type: Concrete Block Construction
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Pool Private: No
  • Property Condition: Under Construction
  • View: Yes
  • Waterfront Features: Ocean Access
  • 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
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Gated, Tennis Court(s), Maintained Community, Security Patrol, Sidewalks, Street Lights, Voluntary Hoa

Association/Amenities

  • MIAMIRE_TypeofAssociation: Voluntary

Lot Info

  • Parcel Number: 02-32-32-006-0150
  • Lot Size Sq Ft: 16000
  • Zoning: 0800

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 201036

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $201,305 $10,557,006 $10,552,500 $4,506
2024 $211,951 $10,557,076 $10,552,500 $4,576
2023 $211,951 $11,061,551 $9,686,250 $1,375,301
2022 $137,233 $6,752,375 $0 $0
2021 $122,495 $6,138,523 $0 $0
2020 $110,427 $5,895,476 $5,355,000 $540,476
2019 $109,336 $5,899,446 $5,355,000 $544,446
2018 $99,548 $5,588,419 $5,040,000 $548,419
2017 $105,474 $4,377,029 $0 $0
2016 $93,258 $3,979,118 $0 $0
2015 $88,493 $3,617,380 $0 $0
2014 $74,292 $3,288,528 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/26/2025 11/26/25 For Sale $49,500,000 +209.4% $5,964 / Sq Ft
02/14/2022 02/14/22 For Sale $16,000,000 0.0% $3,626 / Sq Ft
02/11/2022 02/11/22 Sold $16,000,000 -- $3,626 / Sq Ft View Prior Sale
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $16,000,000 Clear Skies Title
Warranty Deed $950,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 No Value Available
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11921057

MIAMI REALTORS® MLS

APN: 02-3232-006-0150