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405 N Hibiscus Dr # 202, Miami Beach FL 33139

Condo/Co-op For Sale
$1,200,000

BTC: 15.72739187

ETH: 571.42857143

1 days
Waterfront
1 bds
1 ba
620 sqft

Overview

Incredible opportunity to own a private island residence on prestigious Hibiscus Island in Miami Beach. This charming one-bedroom, one-bathroom residence is located in the island’s only condominium building, surrounded by impressive multimillion-dollar homes and offering a rare combination of privacy, tranquility, and exclusivity. The property features a waterfront swimming pool, BBQ gazebo, one assigned parking space, and additional guest parking. Hibiscus Island offers an exceptional lifestyle with tennis and basketball courts, a playground, and dedicated bike lanes—perfect for enjoying an active yet relaxed island lifestyle. A gated entrance, monitored by the Miami Beach Police Department, provides an added level of security and peace of mind. A rare opportunity to experience the best of Miami Beach island living in a private, secure, and highly sought-after community.

Location

Details

Type:
Residential
Parking:
1 Space / Additional Spaces Available / Assigned
Year Built:
1960
Lot:
No Data
Heating:
Central
Price/sqft:
$1,935
Cooling:
Central Air
HOA:
$727

Valuation

Our model vs. what's actually selling nearby.
Estimate
$312,500
$184K – $550K
Confidence Low
List vs. estimate
$887K above estimate
List $1,200,000 · +284.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,935
+223.4% vs. city median $598
Based on
88 MLS comparables
+ 28 public-records sales within 0.5 mi
Median actual sale: $11.2M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,983
2026
HOA
$727/mo
Pool
Private
View
Bay, Canal
Waterfront
Canal Front, Intracoastal Front
Garage
1 car garage
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Microwave

    Other interior features

    • Second Floor Entry

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    • Additional Spaces Available

    • Assigned

    Property

    • Pool Private: Yes

    • Exterior Features: Barbeque / Open Balcony / Tennis Court(s)

    Other Property Information

    • Parcel Number: 02-32-32-015-0120

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $727

    • HOA Frequency: Monthly

    • Annual tax amount: $8,983

  • Source details

    • MLS ID: A12073810

    Other facts

    • Construction Materials: CBS Construction

    • Laundry Features: Washer/Dryer Hook-Up

    • Patio And Porch Features: Deck / Open Balcony

    • Waterfront: Yes

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 620

    • Subdivision Name: ISLAND CLUB OF SOUTH BEAC

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Lifestyle International Realty