Single Family Residence
205 N Hibiscus Dr
205 N Hibiscus Dr, Miami Beach FL 33139
$24,000,000
4 Beds · 3 Baths · 4,097 SqFt
See estimated monthly costThis listing is courtesy of Agentwise Realty. Olivia Carbe
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.
Facts & features
Interior
- Living area (sq ft)
- 4,097
- Full bathrooms
- 3
- First Floor Entry
- Family Room
- Other
Building & exterior
- Year built
- 1956
- Lot size (sq ft)
- 21,000
- Waterfront
- Yes
- Ocean
- Other
- Ocean Access
- Ocean Front
- Waterfront
- Circular Driveway
HOA (homeowners association)
- Ok To Lease
Taxes
- Annual tax
- $239,661
- Tax year
- 2025
- Parcel number
- 02-32-32-006-0480
Assigned schools
- Elementary
- South Pointe
- Middle
- Nautilus
- High
- Miami Beach
Listing
- MLS number
- A12070726
- Property type
- Single Family Residence
- Price per SqFt
- $5,858
- Subdivision
- HIBISCUS ISLAND
- On market since
- Aug 18, 2026
- Days on market
- 0
Estimated monthly cost
$159,329 per month
- Principal & interest (30 yr)
- $121,357
- Property tax
- $19,972
- Insurance (estimated)
- $18,000
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
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