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205 N Hibiscus Dr, Miami Beach FL 33139

House For Sale
$24,000,000

BTC: 314.54783748

ETH: 9,600.00000000

2 days
Waterfront
4 bds
3 ba
4,097 sqft

Overview

A RARE HIBISCUS ISLAND DEVELOPMENT OPPORTUNITY. An extraordinary chance to create a landmark custom estate on one of Miami Beach’s most coveted private islands. This rare lot presents a premier canvas for a developer, builder, or end user with the vision to deliver a truly exceptional ultra-luxury residence. Envision a massive, architecturally significant custom home designed around grand-scale indoor-outdoor living, resort-style entertaining, dramatic interiors, and the elevated lifestyle synonymous with Hibiscus Island. Create a private sanctuary featuring expansive living spaces, a showpiece pool and outdoor oasis, lush tropical landscaping, and bespoke amenities worthy of Miami’s most discerning buyer. Surrounded by prestigious waterfront estates and just minutes from Miami Beach, South Beach, Downtown Miami, Brickell, world-class dining, shopping, marinas, and nightlife, this is more than a homesite—it is an opportunity to create the next iconic Miami Beach estate. Bring your architect. Bring your vision. Build something unforgettable.

Location

Florida • Miami Beach • 33139 • House • For Sale • Waterfront

Details

Type:
Residential
Parking:
Circular Driveway
Year Built:
1956
Lot:
21000 Square Feet
Heating:
Central
Price/sqft:
$5,858
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$7,950,000
$2.8M – $15.9M
Confidence Low
List vs. estimate
$16.1M above estimate
List $24,000,000 · +201.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$5,857
+499.8% vs. city median $976
Based on
10 MLS comparables
+ 24 public-records sales within 0.5 mi
Median actual sale: $13.6M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$239,661
2025
Pool
Other
View
Ocean, Other
Waterfront
Ocean Access, Ocean Front
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Refrigerator

    Other interior features

    • First Floor Entry

    • Family Room

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 3

  • Parking

    • Circular Driveway

    Property

    • Exterior Features: Other

    Lot

    • Lot: 21000 Square Feet

    Other Property Information

    • Parcel Number: 02-32-32-006-0480

    • Zoning: 0800

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $239,661

  • Source details

    • MLS ID: A12070726

    Other facts

    • Construction Materials: Concrete Block With Brick

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Pool Features: Other

    • Direction Faces: North

    • Architectural Style: Detached / One Story

    • Waterfront: Yes

    • Living Area: 4097

    • Water Source: Municipal Water

    • Subdivision Name: HIBISCUS ISLAND

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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Market around this address

Live counts in the same area.
View all
This zip
33139
1,012
median $550K
Active
Same city
Miami Beach
2,446
median $639K
Active
Same type
House
271
median $2.6M
Active
Similar price
$16.8M – $31.2M
24
median $20.8M
Active

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: Agentwise Realty