Cays Realty
176 S Hibiscus Drive, Miami Beach, FL 33139 — MLS photo

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176 S Hibiscus Drive, Miami Beach, FL 33139

Active · SingleFamilyResidence

$18,499,000

176 S Hibiscus Drive, Miami Beach, FL 33139

Beds
6
Baths
7
Living area
6,211 sq ft
$ / sq ft
$2,978/sq ft
Year built
2002
Lot size
10,500 sq ft
HOA fee
$750 Annually
Annual tax
$159,823

About this property

Welcome to luxury waterfront living at 176 S Hibiscus Drive in the heart of Miami Beach! This stunning 6-bed, 6.5- bath residence offers 60 feet of prime waterfront on one of the most prestigious islands in Miami Beach, with breathtaking views of downtown Miami. Equipped with two boat lifts—one holding 40,000 pounds & the other 20,000 pounds—a private dock,& summer kitchen, this home is a boater’s dream. A generator that powers the entire home. Inside, the high-end finishes & smart home technologies are evident. Mia Cucina kitchen is a chef’s delight, complemented by an elegant bar, & wine cellar. Unparalleled convenience, comfort,& security. Located on the prestigious Hibiscus Island, enjoy the best of Miami Beach living—close to world-class shopping, dining, & entertainment.

Property location

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176 S Hibiscus Drive, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
6
Bathrooms
7
Living area
6,211 sq ft
Flooring
Marble
Appliances
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Bedroom On Main Level, Closet Cabinetry, First Floor Entry, Kitchen Island, Custom Mirrors, Upper Level Primary, Bar, Walk In Closets

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2002
Lot size
10,500 sq ft
Architectural style
Two Story
Roof
Barrel
Construction
CBSConcrete Block Structure, Block
Exterior features
Deck, Outdoor Grill
Pool
In Ground, Pool
Waterfront
Ocean Access, Ocean Front
View
Bay, Garden, Ocean, Pool

Parking

Garage spaces
2
Covered spaces
2

HOA, Community & Financials

Association fee
$750 Annually
Security
Security Guard
Pets allowed
Conditional, Yes
Annual tax
$159,823
Subdivision
HIBISCUS ISLAND
County
Miami-Dade
Days on market
303
MLS listing ID
A11934934
Listing status
Active

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Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$56,021

Cap rate
2.1%
Net yield
2.1%
Cash-on-cash return
-13.0%
Gross yield
4.0%
Mortgage payment
$87,695/mo
Down payment
$4,624,750
Loan amount
$13,874,250
Annual NOI
$380,090

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.