$7,945,000
$605K PRICE DROP

Estimated payment $52,663/month

Total Views 25,585
5 Beds
5.5 Baths
4,781 Sq Ft
$1,662 Price per Sq Ft

Highlights

  • In Ground Pool
  • Gated Community
  • Maid or Guest Quarters
  • South Pointe Elementary School Rated A-
  • Waterfront
  • Deck

About This Home

An architectural masterpiece in the exclusive Hibiscus Island. This ultra-luxurious estate features 5 beds + 5.5 baths. Spanning 4,700+ SF of meticulously designed living spaces, blending modern elegance w/ tropical sophistication. Designed for discerning Buyers, estate features white oak flooring, linear diffusers, soaring ceilings, natural light t/o & covered terraces. Gourmet kitchen boasts top-of-the-line appliances, gas stove, custom cabinetry & massive island ideal for entertaining. Primary suite includes a private terrace, spa-like bath w/ dual vanities, soaking tub + oversized walk-in closet. Enjoy the outdoors w/ a stunning pool, wood-planked ceilings & summer kitchen. Just minutes from SoBe, Brickell & Design District, 112 W Palm Midway offers the ultimate Miami Beach lifestyle.

Listing Agent

Darin Tansey

Douglas Elliman License #3196065

Douglas Elliman

Co-Listing Agent

Rachel Spackman

Douglas Elliman License #3553417

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $99,830

Year Built

  • Built in 2022

Lot Details

  • 9,750 Sq Ft Lot
  • Waterfront
  • East Facing Home
  • Property is zoned 0100

Property Views

  • Garden
  • Pool

Interior Spaces

  • 4,781 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Blinds
  • Entrance Foyer
  • Great Room
  • Family Room
  • Formal Dining Room
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Gas Range
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet
  • Maid or Guest Quarters
  • Dual Sinks
  • Separate Shower in Primary Bathroom
  • Bathtub

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Parking

  • Driveway
  • On-Street Parking
  • Open Parking

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-32-32-005-0310

Community Details

Overview

  • Property has a Home Owners Association
  • Hibiscus Island Subdivision

Amenities

  • Picnic Area

Recreation

  • Tennis Courts

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$99,830

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Other
  • Co List Office Mls Id: DEOM01
  • Co List Office Phone: 305-695-6300
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: HIBISCUS ISLAND
  • Year Built Details: Effective Year Built
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Other Equipment/Appliances, Gas Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Cooking Island, Entrance Foyer, Other, Pantry, Volume Ceilings, Walk-In Closet(s), Family Room, Great Room, Maid/In-Law Quarters, Utility Room/Laundry
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Tile
  • Living Area: 4781
  • Window Features: Blinds, High Impact Windows, Impact Glass, Other Windows
  • Bedroom Features: Other, Primary Bath Tub, Primary Bedroom Upstairs
  • Dining Room Features: Eat-In Kitchen, Formal Dining, Other
  • Living Room Features: Family Room, Great Room, Maid/In-Law Quarters, Other, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Other
  • View: Garden, Other, Pool
  • Exterior Features: Built-In Grill, Lighting, Open Balcony, Other
  • Construction Type: Other
  • Direction Faces: East
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Deck, Open Balcony, Patio
  • Pool Features: In Ground, Other
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: HIBISCUS ISLAND
  • Open Parking: Yes
  • Parking Features: Driveway, Other, On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Fire Alarm, Smoke Detector

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Additional Amenities, Tennis Court(s), Gated Community, Paved Road, Picnic Area, Security Patrol, Sidewalks, Street Lights
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 02-32-32-005-0310
  • Lot Size Sq Ft: 9750
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 99830

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $102,755 $5,811,245 -- --
2023 $102,755 $5,282,950 $2,028,000 $3,254,950
2022 $25,517 $1,072,500 $0 $0
2021 $21,217 $975,000 $975,000 $0
2020 $21,267 $975,000 $975,000 $0
2019 $22,993 $1,063,140 $1,063,140 $0
2018 $26,309 $1,276,752 $975,000 $301,752
2017 $30,837 $1,482,207 $0 $0
2016 $29,784 $1,428,857 $0 $0
2015 $10,454 $490,633 $0 $0
2014 $10,698 $486,740 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Price Changed $7,945,000 -6.5% $1,662 / Sq Ft
12/10/2024 12/10/24 Price Changed $8,495,000 -0.6% $1,777 / Sq Ft
09/20/2024 09/20/24 For Sale $8,550,000 +33.6% $1,788 / Sq Ft
04/20/2022 04/20/22 Sold $6,400,000 -5.9% $1,906 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $6,800,000 +32.7% $2,025 / Sq Ft
03/07/2022 03/07/22 Sold $5,125,000 -6.8% $1,156 / Sq Ft
04/08/2021 04/08/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $5,500,000 0.0% $1,240 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $5,500,000 +249.2% $1,240 / Sq Ft
07/31/2015 07/31/15 Sold $1,575,000 -12.3% $469 / Sq Ft
05/21/2015 05/21/15 Pending -- -- --
04/21/2015 04/21/15 Price Changed $1,795,000 -5.0% $535 / Sq Ft
03/26/2015 03/26/15 For Sale $1,890,000 -- $563 / Sq Ft
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,575,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $300,000 Balloon
Closed $700,000 Balloon
Closed $2,500,000 Balloon
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11656956

MIAMI REALTORS® MLS

APN: 02-3232-005-0310