Hibiscus Island
Homes for Sale in Miami Beach, FL
All 1,630 homes for sale in Miami Beach, FL · median $547,000 · 908 homes for sale in 33139 · Miami-Dade County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
As of October 2026, Hibiscus Island in Miami Beach, FL has 9 homes for sale, asking from $5,499,000 to $49,500,000 (median $18,499,000). Over the 12 months ending 2026-09-20, 5 recorded sales closed at a median of $12,250,000, $2,217 per square foot, a median 171 days on market, sellers accepting 88% of original asking. Homes listed or recently sold were built 1941–2026 with 3 new construction; 3 of 9 report an HOA (median $62/mo). At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $215,520 ($214,800 with the full homestead exemption).
Last 30 days in Hibiscus Island: 2 new listings (median asking $19,387,500). As of October 20, 2026, Listing information provided by the Southeast Florida MLS (SEFMLS) / MIAMI Association of REALTORS(R). Information is deemed reliable but not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Hibiscus Island
Live MLS inventory for Hibiscus Island. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Hibiscus Island listings as of 2026-10-20, priced high to low. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Tap any home to ask about it.
Hibiscus Island trades in a category of its own: a median price just under $10.9M and a median price per square foot above $2,190 put this squarely in ultra-luxury territory, where individual lot size, water frontage, and construction quality drive value far more than any broad market trend. With only four closings in the current window, every sale is effectively a data point of one — treat the median and the year-over-year swing as directional, not statistical.
The 53.5% year-over-year drop in median price is almost certainly a function of which specific homes closed, not a market correction of that magnitude. A 197-day median days-on-market and a market heat score of 12 both point to a slow, negotiated environment right now — sellers here are not chasing quick closes, and buyers who do their homework have real room to structure terms rather than compete on speed.
Figures in this note are as of July 21, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
Hibiscus Island market snapshot (as of September 20, 2026): the median sale price is about $12.25M ($2217 per sq ft over the trailing 12 months of closed sales), and a median 171 days on market for closed sales.
In ZIP 33139 (Miami Beach), 697 homes closed in the last 12 months at a median of $800K ($765/sq ft), up 2.1% year over year, with a median 95 days on market. Right now 495 active and 79 pending listings — a buyer's market. See the live ZIP 33139 housing market and the Miami-Dade County market.
MIAMI REALTORS sales records identify 84 homes in HIBISCUS ISLAND that have changed hands since 2007, built between 1925 and 2026 (median 1964), with a median living area of about 4,412 sq ft and a typical 5-bedroom, 5-bath layout; 100% are single-family homes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Hibiscus Island is a low-volume, high-value waterfront enclave where pricing is set home by home rather than by neighborhood-wide comparables, and the current pace favors patient, well-prepared buyers over bidding-war urgency.
The setting & the homes.
Aerial and on-site photos of Hibiscus Island. Swipe to explore the community.
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Hibiscus IslandPhotos from MIAMI MLS listings in Hibiscus Island; content deemed reliable but not guaranteed.
Who Hibiscus Island is best for.
Best for
- Buyers with a defined ultra-luxury budget who are targeting a specific waterfront estate rather than comparison shopping a range of homes.
- Sellers of a distinctive, high-end property prepared for an extended marketing period and a narrow, selective buyer pool.
- Buyers comfortable making decisions with limited recent-sales data and relying on individual home evaluation rather than neighborhood averages.
Probably not for
- Buyers who need fast, comp-driven price certainty before making an offer.
- Anyone working with a budget below the ultra-luxury tier this island's pricing reflects.
- Sellers expecting a quick close in a market currently running a median marketing period of close to seven months.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level MIAMI MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($12.25M) IS the median in the snapshot above.
Windows contain 0 to 23 sales each (5 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Deemed reliable but not guaranteed.
14% of homes for sale in ZIP 33139 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-20).
Hibiscus Island Market Scorecard
Hibiscus Island is currently a balanced market., a median asking price of $18,499,000, and homes go under contract in about 127 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: MIAMI MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
The Hibiscus Island buying strategy.
If we were buying in Hibiscus Island today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Hibiscus Island.
Reading a Four-Sale Market
In most residential markets, four closings would be too thin to draw any conclusion. Here, that's simply the reality of an island with a fixed, small inventory of estate-level properties. The median price per square foot near $2,193 confirms this remains a premium-construction, premium-lot market, but the median price itself should be read as a snapshot of whatever specific homes traded — not a stable benchmark you can extrapolate from.
The 197-day median days-on-market and heat score of 12 both describe a market that is currently cold by transaction pace, not by underlying desirability. Properties at this price point often carry longer marketing periods by nature — the buyer pool is narrow and decisions take time. No community amenities are currently identified in MLS data for this listing set, which is typical for private waterfront estate properties where the draw is the location and the home itself, not shared facilities.
The location and the amenities are priced into every listing in Hibiscus Island. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A four-sale market with a 197-day median dom is not a market you price by pulling comps off a portal. It requires someone who tracks off-market activity, understands how individual lot and construction differences move the number, and can help you structure an offer or a listing strategy around a buyer pool this narrow. That's the work we do on Hibiscus Island before a price ever gets attached to a listing.
Hibiscus Island in 15 seconds.
Tools for a Hibiscus Island buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Hibiscus Island sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Hibiscus Island, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Hibiscus Island home worth?
Get a no-obligation home value based on real comparable sales in Hibiscus Island, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recently off market in HIBISCUS ISLAND
Homes in HIBISCUS ISLAND that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 8 on record.
- 111 S Hibiscus Dr · off market
- 170 S Hibiscus Dr · off market
- 205 N Hibiscus Dr · off market
- 270 S Hibiscus Dr · off market
- 271 N Hibiscus Dr · off market
- 279 N Hibiscus Dr · off market
- 440 S Hibiscus Dr · off market
- 56 S Hibiscus Dr · off market
| Location | Miami Beach, Miami-Dade County, FL · ZIP 33139 |
|---|---|
| Home types (current listings and sales) | singlefamilyresidence 100% |
| Sale prices, last 12 months | $12,250,000 median across 5 closed sales · $2217 per sq ft |
| Days on market (closed sales) | 171 median |
| For sale right now | 9 active, 4 pending · median asking $18,499,000 |
Data as of September 20, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Market figures describe homes, not residents. Cite as: Momentum Realty, “Hibiscus Island key facts,” movewithmomentum.com/neighborhoods/hibiscus-island--miami-dade, data as of September 20, 2026.
Just listed in Hibiscus Island
The newest homes for sale in Hibiscus Island right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 80 S Hibiscus Dr $32,500,000 · 6 bd · 8 ba · 5,691 sq ft · new today Courtesy of Luxe Living Realty
- 140 N Hibiscus Dr $6,275,000 · 5 bd · 5 ba · 3,641 sq ft · new today Courtesy of New Wave Realty, LLC.
- 375 N Hibiscus Dr $42,000,000 · 6 bd · 8 ba · 7,869 sq ft · 47 days on market Courtesy of One Sotheby's International Realty
- 432 S Hibiscus Dr $31,000,000 · 5 bd · 7 ba · 6,090 sq ft · 81 days on market Courtesy of Coldwell Banker Realty
- 420 N Hibiscus Dr $8,900,000 · 5 bd · 7 ba · 5,642 sq ft · 127 days on market Courtesy of Douglas Elliman
- 360 S Hibiscus Drive $49,500,000 · 7 bd · 8 ba · 8,300 sq ft · 132 days on market Courtesy of Douglas Elliman
Checked against the MLS Oct 20, 2026. All new listings in this market.
Every Home for Sale in Hibiscus Island Miami Dade Right Now (9)
All 9 active and pending Hibiscus Island Miami Dade listings with a detail page, newest first, refreshed twice a day from the MLS.
- 80 S Hibiscus Dr · $32,500,000 · 6 bd / 8 ba · listed Sep 24, 2026 · listed by Luxe Living Realty
- 375 N Hibiscus Dr · $42,000,000 · 6 bd / 8 ba · listed Sep 11, 2026 · listed by One Sotheby's International Realty
- 420 N Hibiscus Dr · $8,900,000 · 5 bd / 7 ba · listed Sep 11, 2026 · listed by Douglas Elliman
- 140 N Hibiscus Dr · $6,275,000 · 5 bd / 5 ba · listed Sep 11, 2026 · listed by New Wave Realty, LLC.
- 432 S Hibiscus Dr · $31,000,000 · 5 bd / 7 ba · listed Jul 31, 2026 · listed by Coldwell Banker Realty
- 360 S Hibiscus Drive · $49,500,000 · 7 bd / 8 ba · listed Jul 22, 2026 · listed by Douglas Elliman
- 441 N Hibiscus Dr · $17,900,000 · 5 bd / 7 ba · listed Jul 22, 2026 · listed by Coldwell Banker Realty
- 363 S Hibiscus Dr · $5,499,000 · 5 bd / 4 ba · listed Jul 22, 2026 · listed by Douglas Elliman
- 176 S Hibiscus Drive · $18,499,000 · 6 bd / 7 ba · listed Jul 22, 2026 · listed by Douglas Elliman
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Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- S Hibiscus Drive (37 homes on record)
- N Hibiscus Drive (25 homes on record)
- S Hibiscus Drive (3 homes on record)
- S Hibiscus Drive (2 homes on record)
- N Hibiscus Drive (2 homes on record)
- N Hibiscus Drive (2 homes on record)
- S Hibiscus Drive (1 homes on record)
Recent Developments in Hibiscus Island Miami Dade
Development, infrastructure, retail, and school activity affecting Hibiscus Island Miami Dade, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Development
Casa Bella Residences opens at 1400 Biscayne Boulevard in Downtown Miami
Related Group and Alta Developers completed the 56-story, 650-foot tower with 319 residences, including 10 penthouses. Closings are underway and first residents have moved in, with more than 90 percent of homes reported under contract. Construction began in November 2023.
What it may mean for the marketAdds 319 completed homes to the downtown Biscayne corridor, close to existing transit, offices and dining. The site is about 3 miles southwest of Hibiscus Island Miami Dade.
Source: Florida YIMBY - October 2026Development
Tula Residences tops out at 7918 West Drive in North Bay Village
The 21-story, 54-unit condominium building developed by Pacific & Orient Properties reached its full height. Bayshore Grove Capital oversees development and construction. Completion is anticipated in the third quarter of 2027.
What it may mean for the marketAdds 54 homes to the North Bay Village inventory on the Biscayne Bay islands between Miami and Miami Beach. The site is about 2 miles north of Hibiscus Island Miami Dade.
Source: Florida YIMBY - October 2026Development
Sweetbird North breaks ground at 95 NE 40th Street in the Miami Design District
Miami Design District Associates and Raycliff Capital began an eight-story, 120,500 square foot building with more than 92,000 square feet of office and about 22,500 square feet of retail. Atria Health and Research Institute leased about 55,000 square feet and 26North will also join. Completion is expected in early 2028.
What it may mean for the marketAdds office space and ground-floor retail in the Design District, increasing nearby daytime employment and shopping options. The site is about 2 miles west of Hibiscus Island Miami Dade.
Source: Florida YIMBY - October 2026Development
Crescent Heights revises workforce housing tower plans at 824 Alton Road
Revised plans call for a 39-story tower over 500 feet with 149 residences, up from 120, including 72 workforce units and 77 market-rate units. The developer is seeking height and density increases under the Live Local Act. The plan includes over 2,500 square feet of ground-floor retail and a 156-space parking podium; no approval has been reported.
What it may mean for the marketIf approved, would add workforce-priced rental supply near Miami Beach job centers and shops. The site is about 3 miles southeast of Hibiscus Island Miami Dade.
Source: Florida YIMBY - September 2026Civic
Miami-Dade commissioners adopt $14.26 billion budget with flat tax rate
County commissioners approved the fiscal year 2026-27 budget after a meeting that ran from Thursday afternoon into Friday morning. The operating property tax rate stays flat at 4.57 mills. The county says the plan prioritizes public safety, parks and transportation amid slowing revenue growth.
What it may mean for the marketA flat operating millage keeps the county's property tax rate steady for owners across Miami-Dade for the coming fiscal year. The site is about 4 miles southwest of Hibiscus Island Miami Dade.
Source: Local 10 News - July 2026Development
OKO Lilli condo tower nabs Miami review board approval in Edgewater
The Miami Urban Development Review Board recommended approval for OKO Group's OKO Lilli, a 53-story tower with 117 units at 717 Northeast 27th Street in Edgewater. Plans include a 350-foot public baywalk, an eight-story garage with 244 spaces, and Aman-curated amenities.
What it may mean for the marketAdds a high-rise condo tower and a public baywalk to the Edgewater bayfront, expanding the local housing supply and waterfront access along Biscayne Bay. The site is about 2 miles southwest of Hibiscus Island Miami Dade.
Source: The Real Deal
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
What it really costs to own in Hibiscus Island
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $132,279/yr across 6 listings here (MLS tax records, 2026-10-20). |
|---|---|
| HOA dues | Median $750/year (about $62/month) across 3 MLS listings (most billed annually; 2026-10-20). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| Home and flood insurance | The average Citizens Property Insurance premium in Miami-Dade County is $1,891/yr (56,357 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 2016 across 9 listings. An original roof here is about 10 years old: still inside the 15-year window Florida carriers use, but ask for the roof's permit date before you bind coverage. |
Estimated carrying cost at the median asking price, before the mortgage: about $11,243/month (tax $11,023, HOA $62, insurance $158). An estimate from the sources above, not a quote.
Email me new listings in Hibiscus Island
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Ask an agent about Hibiscus Island
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Frequently Asked Questions
What is the median home price in Hibiscus Island?
How long do homes in Hibiscus Island take to sell?
Have Hibiscus Island home prices gone up?
Who is the best real estate agent for Hibiscus Island?
How do I find a top Miami Beach real estate agent who knows Hibiscus Island?
Can Momentum Realty connect me with an agent for Hibiscus Island?
Where is Hibiscus Island, and what county is it in?
Should you buy in Hibiscus Island?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: October 20, 2026) |
| Community market stats | MIAMI MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | MIAMI MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (88 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of MIAMI MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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- Home values · What homes in Hibiscus Island actually sell for