Home in 205 N Hibiscus Drive, Miami Beach, FL 33139 for sale with MLS# A12070726

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.

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Days on the market

205 N Hibiscus Drive, Miami Beach, FL 33139

Price
Price:
$24,000,000.00
Original List Price:
$24,000,000.00
List Price per Sq Ft (Calculated, Approx.):
$5,857.94
Property Status and Type
Listing Type:
For Sale
Status:
Pending (An offer has been accepted)
Listing Category:
Residential
Property Type:
Single Family House
Description of Last Important Update:
Status Change
Last Major Update on:
August 21, 2026 7:26 pm
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
4
Bathrooms Total:
3
Full Bath:
3
Room Type:
Other, Family Room
Master Bedroom Bath:
Other
Measures
Living Area:
4,097 Sqft
Built-Up Area:
4,097 Sqft
Lot Size Acres:
0.48
Property Features
View from the Property:
Ocean, Other
Waterfront:
Yes
Waterfront Features:
Ocean Front, Other, None
Frontage Length:
120
Private Pool
Swimming Pool Features:
Other
Appliances:
Dishwasher, Refrigerator
Exterior:
Other
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Property Entrance Faces:
North
Construction
Year Built:
1956
Roof:
Other
Levels:
One
Entry Level (floor):
1
Construction Materials:
Concrete Block - No Stucco
Flooring:
Tile
Number of stories:
1
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$239,661.00
Tax Year:
2025
Property Tax Details:
City/County
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Circular Driveway
Utilities
Sewer:
Public Sewer
Water Source:
Public
Community
Amenities Provided by the Homeowner's Association (HOA):
Gated
Subdivision Name:
HIBISCUS ISLAND
Senior Community:
No
Leasing Permitted
Leasing Permitted Details:
Okay To Lease
Terms
Listing Terms Considered by Seller:
Cash
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax 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
Real Estate Folio Number (Parcel Number):
0232320060480
Zoning:
0800
Public Schools Assigned
Elementary School:
Pine Ridge Elem
High School:
Miami Beach
Middle Or Junior School:
Miami Beach Nautilus
Listing History
Active on the market since:
August 18, 2026
Listing Agreement executed on:
August 18, 2026
Purchase Contract Date:
August 21, 2026
Listing Status Last Changed On:
August 21, 2026 7:26 pm
Photos updated on:
August 21, 2026 7:27 pm
Last Modified:
August 21, 2026 7:28 pm
Additional Information
Courtesy of:
Agentwise Realty
Attribution:
Not provided
Location
Street Name:
Hibiscus
Street Number:
205
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 47' 1.2''
Longitude:
W81° 50' 24.3''
Street Suffix:
Drive
Street Direction Prefix:
N
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $63,368
Median Home Value $480,500
Median Rent $1,745/mo
Median Age 42
Population 34,406

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 35 Good
☀️ O3 35 Good
🫁 PM2.5 35 Good
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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.