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Hibiscus Island · · MLS A12035428
Listed by Douglas Elliman
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.
The propertyAs the MLS records it
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111 S Hibiscus Dr, Miami Beach, FL 33139 is no longer on the market. Write here, call or send a WhatsApp: Julian Acosta, real estate advisor with Compass, answers within one business day.
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| Year | Median price per SF | Closed sales |
|---|---|---|
| 2020 | $1,093 | 162 |
| 2021 | $1,134 | 348 |
| 2022 | $1,279 | 194 |
| 2023 | $1,254 | 164 |
| 2024 | $1,478 |
Homes of the same kind on the market nearby, the nearest in price first.
LIVE · MLS · AS OF NOV 1, 2026
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1 / 27The information on this page is supplied by the Southeast Florida Multiple Listing Service of the MIAMI Association of REALTORS®. It is deemed reliable but is not guaranteed accurate by the MLS, and it may have changed since the date above. It is provided for your personal, non-commercial use and may not be used for any purpose other than to identify properties you may be interested in purchasing. This listing is held by Douglas Elliman. Julian Acosta is a real estate advisor with Compass.
A listing shown here may be held by a brokerage other than Compass. To report an error in this listing's information, write to julian.acosta@compass.com.



























27 PHOTOGRAPHS
Real estate advisor · Compass
SOLD · MAY 14, 2026
SOLD · MAY 13, 2026
SOLD · MAR 30, 2026
SOLD · AUG 21, 2026
SOLD · FEB 20, 2026
SOLD · MAY 8, 2026| 170 |
| 2025 | $1,423 | 170 |
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| 2026 to date | $1,586 | 177 |
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These figures are the market's closed sales as the MLS records them: this building's for a unit, a gated community's for a home inside one, and otherwise the sales of this kind of property in the home's market — for a home at $2,000,000 or more, only that market's sales from that price up. Which of these it is, is said above the figures. No snapshot is drawn from fewer than 5 sales of the last twelve months, and a median price per SF is stated only from 3 sales that state a living area. They are not sales by Julian Acosta, they are not an appraisal, and they say nothing of this home's price.
These are the public schools whose attendance zone holds this listing's location, as Miami-Dade County publishes the zones. A zone is not a guarantee of enrollment, the district can change it, and a listing's point on the map can sit a few meters from its lot: confirm the school with Miami-Dade County Public Schools before you rely on it. Distances are straight lines. The page states no rating of any school.
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