205 N Hibiscus Dr

Miami Beach, FL 33139

$24,000,000

$5,858/ft²

4Beds

3Baths

4,097Sq ft

1956Year built

Single-family homeType

About this home

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.

Features

Waterfront

Property details

Listing

MLS #: A12070726
Status: For sale
Listed on: Aug 18, 2026
Days on market: 9 days
Listing data updated: Aug 19, 2026

Interior

Beds: 4
Baths: 3
Living area: 4,097 ft²
Price per ft²: $5,858/ft²

Building & community

Type: Single-family home
Year built: 1956
County: Miami-Dade

Lot & exterior

Lot size: 21,000 ft²
Waterfront: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

What's nearby

Elementary school: MIAMI CHILDREN'S MUSEUM CHARTER SCHOOL · 1 mi away
Middle school: MIAMI BEACH FEINBERG/FISHER K-8 · 1.7 mi away
High school: DISTRICT INSTRUCTIONAL CENTER (DIC) · 1.9 mi away
Transit: VENETIAN WY & E DILIDO DR · 0.5 mi away
Supermarket: Whole Foods Market · 1.2 mi away
Park: Flagler Memorial Monument · 0.5 mi away
Pharmacy: CVS Pharmacy · 1.2 mi away

Straight-line distances · Sources: NCES/FL DOE, GTFS Miami-Dade and Broward, OpenStreetMap

True monthly cost

Mortgage (principal & interest): $121,357
Property taxes (est.): $22,000
Home insurance (est.): $18,000
Flood insurance (est.): —

Estimated total$161,357*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?