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111 S Hibiscus Dr, Miami Beach FL 33139

House For Sale
$4,450,000

BTC: 70.63492063

ETH: 2,528.40909091

New
4 bds
4 ba
3,477 sqft

Overview

Discover an exceptional opportunity on prestigious Hibiscus Island, one of Miami Beach's most exclusive guard-gated communities. Situated on a generous lot, this property presents tremendous potential to renovate, reimagine, or build a custom luxury residence in one of South Florida's most sought-after neighborhoods. The existing home offers a bright, open layout with abundant natural light, multiple skylights, spacious living areas, en-suite bedrooms, and seamless indoor-outdoor connectivity. Lush tropical landscaping, private patios, and a freeform pool create a serene island setting just moments from South Beach, Downtown Miami, world-class dining, shopping, and private aviation access. With numerous newly constructed residences and luxury redevelopment projects achieving record-setting values throughout Hibiscus Island, this property represents a rare opportunity to secure a prime parcel in a neighborhood defined by exceptional long-term value and continued investment. Whether preserving and enhancing the existing residence or creating a new architectural masterpiece, the possibilities are extraordinary.

Location

Details

Type:
Residential
Parking:
Driveway / Paver Block / Limited # Of Vehicle
Year Built:
1963
Lot:
9500 Square Feet
Heating:
Central / Electric
Price/sqft:
$1,280
Cooling:
Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,482,500
$1.3M – $5.0M
Confidence Low
List vs. estimate
$2.0M above estimate
List $4,450,000 · +79.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,279
+19.6% vs. city median $1,070
Based on
10 MLS comparables
+ 16 public-records sales within 0.5 mi
Median actual sale: $10.9M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$51,082
2025
Pool
In Ground
View
Garden, Other
All facts and features
  • Flooring

    • Marble

    • Other

    • Wood

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Dryer

    • Electric Range

    • Microwave

    • Other Equipment/Appliances

    • Refrigerator

    • Wall Oven

    • Washer

    Other interior features

    • First Floor Entry

    • Built-in Features

    • Cooking Island

    • Other

    • Skylight

    • Walk-In Closet(s)

    • Family Room

    • Great Room

    • Maid/In-Law Quarters

    • Utility Room/Laundry

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 1

    • Full bathrooms: 4

  • Parking

    • Driveway

    • Paver Block

    • Limited # Of Vehicle

    Property

    • Exterior Features: Lighting / Other

    Lot

    • Lot: 9500 Square Feet

    Other Property Information

    • Parcel Number: 02-32-32-005-0120

    • Zoning: 0100

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $51,082

  • Source details

    • MLS ID: A12035428

    Other facts

    • Construction Materials: CBS Construction / Other

    • Fireplace Features: Fireplace

    • Laundry Features: Utility Room/Laundry

    • Lot Features: Less Than 1/4 Acre Lot / Corner Lot

    • Patio And Porch Features: Patio

    • Pool Features: In Ground / Other

    • Window Features: Complete Impact Glass / Skylight / Blinds / Other Windows

    • Direction Faces: South

    • Architectural Style: Detached / One Story

    • Fireplace: Yes

    • Living Area: 3477

    • Water Source: Municipal Water

    • Lot Size Dimensions: 76.000x125

    • Subdivision Name: Hibiscus Island

Private inquiry
Talk to the advisor on this listing.
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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: Coldwell Banker Realty