111 S Hibiscus Drive, Miami Beach, FL 33139

4 bed · 5 bath · 3,477 sqft · Built 1963

Discover an exceptional opportunity on prestigious Hibiscus Island, one of Miami Beach's most exclusive guard-gated communities. Situated on a generous lot, this property presents tremendous potential to renovate, reimagine, or build a custom luxury residence in one of South Florida's most sought-after neighborhoods. The existing home offers a bright, open layout with abundant natural light, multiple skylights, spacious living areas, en-suite bedrooms, and seamless indoor-outdoor connectivity. Lush tropical landscaping, private patios, and a freeform pool create a serene island setting just moments from South Beach, Downtown Miami, world-class dining, shopping, and private aviation access. With numerous newly constructed residences and luxury redevelopment projects achieving record-setting values throughout Hibiscus Island, this property represents a rare opportunity to secure a prime parcel in a neighborhood defined by exceptional long-term value and continued investment. Whether preserving and enhancing the existing residence or creating a new architectural masterpiece, the possibilities are extraordinary.

Property type

SingleFamilyResidence

Condition

Resale

Year built

1963

Stories

1

Roof

Flat,Other

Subdivision

Hibiscus Island

Waterfront

No

Waterfront features

None

Private pool

Yes

Parcel number

0232320050120

Annual tax

$51,082

Miami Beach runs from South Beach Art Deco condos to Mid-Beach high-rises and North Beach single-family pockets. The condo market dwarfs the SFH market here — supply dynamics diverge sharply by submarket.