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111 S Hibiscus Dr, Miami Beach FL 33139

House Recently Sold
$4,000,000

BTC: 49.16420846

ETH: 1,644.73684211

Sold on: 2026-09-30
83 days
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

Florida • Miami Beach • 33139 • House • Recently Sold

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
$3,512,500
$3.2M – $5.2M
Confidence Low
List vs. estimate
$937K above estimate
List $4,450,000 · +26.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,279
+24.8% vs. city median $1,025
Based on
6 MLS comparables
+ 14 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
$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.
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
387
median $545K
Active
Same city
Miami Beach
1,036
median $649K
Active
Same type
House
158
median $2.8M
Active
Similar price
$3.1M – $5.8M
79
median $4.2M
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: Douglas Elliman