420 N Hibiscus Dr, Miami Beach, FL 33139 — MLS photo

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420 N Hibiscus Dr, Miami Beach, FL 33139

Active · SingleFamilyResidence

$8,900,000

420 N Hibiscus Dr, Miami Beach, FL 33139

Beds
5
Baths
7
Living area
5,642 sq ft
$ / sq ft
$1,577/sq ft
Year built
2019
Lot size
10,387 sq ft
HOA fee
—
Annual tax
$115,319

About this property

A turnkey modern masterpiece by award-winning architect Ralph Choeff, located on the coveted guard-gated Hibiscus Island. Newly completed, this residence impresses with a dramatic 20-foot glass foyer, floating staircase, and wide-plank white oak floors. Natural light fills the open-concept layout, seamlessly blending indoor and outdoor living. The sleek MiaCucina kitchen is equipped with Wolf and Sub-Zero appliances, while additional highlights include an Apple smart home system, private elevator, gym, sauna, resort-style pool, and expansive entertaining spaces designed for elevated comfort and ease. The luxurious primary suite features dual ensuite baths and custom walk-in closets, while the rooftop terrace captures breathtaking 360-degree views of the Miami skyline. This fully turnkey residence offers exceptional value on the prestigious Hibiscus, Palm, and Star Islands, where residents enjoy exclusive island amenities including tennis courts, basketball courts, and a children’s playground. Ideally located just five minutes from Brickell, Downtown Miami, Edgewater, and South Beach, this home combines privacy, prestige, and convenience within one of Miami Beach’s most desirable enclaves.

Property location

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420 N Hibiscus Dr, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
5
Bathrooms
7
Living area
5,642 sq ft
Flooring
Hardwood, Other, Wood
Appliances
Some Gas Appliances, Built In Oven, Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Refrigerator, Self Cleaning Oven, Trash Compactor, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bathtub, Dining Area, Separate Formal Dining Room, Second Floor Entry, Entrance Foyer, First Floor Entry, Sitting Area In Primary, Split Bedrooms, Separate Shower, Third Floor Entry, Upper Level Primary, Walk In Closets, Elevator
Furnished
Furnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2019
Lot size
10,387 sq ft
Roof
Concrete, Flat, Tile
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Barbecue, Fence, Security High Impact Doors, Lighting, Patio, Shutters Electric
Pool
Automatic Chlorination, Heated, In Ground, Other, Pool
View
Intercoastal, Water

Parking

Garage spaces
3
Covered spaces
3
Parking features
Attached, Circular Driveway, Covered, Driveway, Garage, Garage Door Opener

HOA, Community & Financials

Security
Security Gate, Gated Community, Smoke Detectors, Security Guard
Pets allowed
Cats Ok, Dogs Ok, Size Limit, Yes
Annual tax
$115,319
Subdivision
HIBISCUS ISLAND
County
Miami-Dade
Days on market
127
MLS listing ID
A12024825
Listing status
Active

Investment intelligence

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

-$25,824

Cap rate
2.2%
Net yield
2.2%
Cash-on-cash return
-12.4%
Gross yield
4.7%
Mortgage payment
$42,191/mo
Down payment
$2,225,000
Loan amount
$6,675,000
Annual NOI
$196,396

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