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$24,000,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 205 N Hibiscus Dr
General
- Price: $24,000,000
- Taxes: $239,661 (2025)
- Status: Active
- Type: Single Family
- Source: Greater_Miami
- MLS ID: A12070726
- Updated: 8/18/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: First Floor Entry, Family Room, Other
- Appliances: Dishwasher, Refrigerator
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
- Bedroom Features: Other
Other Rooms
- Living Room: Family Room, Other Sq. Ft.
Additional Information
- Pool: Yes
- Pool Description: Other, 36
Exterior
- Exterior Features: Other
Parking
- Parking Features: Circular Driveway
Location
- Area: Hibiscus Island
- County: Miami-Dade County
- Subdivision: HIBISCUS ISLAND
- Building Name: HIBISCUS ISLAND
- Direction Faces: North
School Information
- Elementary School: South Pointe
- Middle School: Nautilus
- High School: Miami Beach
Community
- Community Name: Hibiscus Island
- Gated community: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Detached, One Story
- Structure Type: House
- Detached/Attached: Detached
- Construction: Concrete Block With Brick
- Roof: Other
- Building Size: 4097
- Square Feet: 4,097
- Living Area: 4,097 Sq. Ft.
- Year Built: 1956
Lot Features
- Property View: Ocean, Other
- Lot Size (Sq. Ft.): 21,000
- Frontage Feet: 120
- Lot Features: 1/4 To Less Than 1/2 Acre Lot
- Zoning: 800
Water Features
- Water Front: Yes
- Water Front Desc.: Ocean Access, Ocean Front, Waterfront
Financial Considerations
- Price Per Sq. Ft.: $5,857.94
- Tax Amount: $239,661
- Tax Year: 2025
- Terms: All Cash
Disclosures and Reports
- Legal Description: HIBISCUS ISLAND PB 8-75 LOT 31 & ALL LOT 32 LESS E40FT BLK 2 LOT SIZE 120.000 X 175 OR 13811-386 0788 1 COC 24708-4581 0606 1 25072-1842
- Restrictions: Ok To Lease
- Inclusions: None
- Property ID: 02-32-32-006-0480
Listed by Agentwise Realty
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Schools
Schools serving 205 N Hibiscus Dr
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
South Pointe Elementary School 1050 4th Street, Miami Beach, FL 33139 | PK-5 | 1.5 mi |
Nautilus Middle School 4301 N Michigan Ave, Miami Beach, FL 33140 | 6-8 | 2.7 mi |
Miami Beach Senior High School 2231 Prairie Avenue, Miami Beach, FL 33139 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 205 N Hibiscus Dr
Date
Details
Price
Change
Source
8/18/2026
Listed
$24,000,000
62.71%
MLS
5/13/2024
Sold
$14,750,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 205 N Hibiscus Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$239,984
—
$14,209,669
-2%
2024
$239,984
—
$14,466,675
9%
2023
$239,531
259%
$13,314,518
303%
2021
$66,810
-69%
$3,301,489
-71%
2022
$218,372
227%
$11,388,599
250%
2021
$66,810
3%
$3,255,907
2%
2019
$64,741
5%
$3,182,705
2%
2018
$61,725
—
$3,123,362
2%
2017
$61,553
1%
$3,059,121
2%
2016
$60,904
—
$2,996,201
1%
2015
$61,146
-2%
$2,975,374
1%
2014
$62,244
2%
$2,951,760
1%
2013
$61,159
—
$2,908,138
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 205 N Hibiscus Dr
205 N Hibiscus Dr, Miami Beach, FL 33139 (MLS# A12070726) is a Single Family property with 4 bedrooms and 3 full bathrooms. 205 N Hibiscus Dr is currently listed for $24,000,000 and was received on August 18, 2026. Want to learn more about 205 N Hibiscus Dr? Do you have questions about finding other Single Family real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

