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+20 photosGated community home — 363 S Hibiscus Drive · Hibiscus Island · Miami Beach
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Open property magazine$5,499,000
363 S Hibiscus Drive, Miami Beach, FL 33139
Miami Beach, FL, 33139
5 bd · 4 ba · 2,663 sqft
Listed by Douglas Elliman
363 S Hibiscus Drive, Miami Beach, FL 33139
Listed by Douglas Elliman
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Estimated monthly payment
$37,901/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $37,901/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesLocated on prestigious South Hibiscus Drive, this exceptional corner-lot residence is one of Hibiscus Island’s most desirable non-waterfront opportunities. This meticulously maintained, move-in ready trophy home offers timeless elegance and charm, along with additional easement yard space that creates one of the most impressive non-waterfront lots across Palm and Hibiscus Islands. Surrounded by some of the most valuable real estate in all of Miami, the property offers a rare combination of privacy, scale, and location.Designed for effortless living and entertaining, the home features five bedrooms, open-concept living spaces, and a flexible media room/office that can also serve as the fifth bedroom. The oversized pool is complemented by a remarkably private backyard with significant green space, lush landscaping, and fruit trees, creating a serene tropical setting rarely found on the islands.A rare opportunity to secure a turnkey trophy residence at exceptional value within one of Miami Beach’s most prestigious gated communities.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
184 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $37,901/mo
363 S Hibiscus Drive, Miami Beach, FL 33139 · Miami Beach
Location
363 S Hibiscus Drive, Miami Beach, FL 33139
What buyers ask about this home
What are the estimated monthly carrying costs at 363 S Hibiscus Drive, Miami Beach, FL 33139?+
Property tax (after sale): $8,407/month est.; homeowners insurance: $960/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $9,368/month est. Principal and interest: $28,533/month; PMI: $0/month. Total for the payment scenario shown: $37,901/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 363 S Hibiscus Drive, Miami Beach, FL 33139?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 363 S Hibiscus Drive, Miami Beach, FL 33139 need flood insurance, and what drives the premium?+
Most of Miami Beach sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 363 S Hibiscus Drive, Miami Beach, FL 33139?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the pool at 363 S Hibiscus Drive, Miami Beach, FL 33139?+
A pool typically adds ongoing service, chemicals and electricity, plus periodic resurfacing and equipment replacement. Verify the safety barrier meets Florida code, which is required for insurance and resale.
Is there room to negotiate on 363 S Hibiscus Drive, Miami Beach, FL 33139?+
This listing has been on the market 184 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami Beach. Beachside neighborhoods with local dining, Lincoln Road shopping and connections across the causeways to Miami.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Miami Beach South Pointe Elementary School
Elementary · 1.7 mi from this home · 1050 4Th St, Miami Beach
Miami Beach Nautilus Middle School
Middle school · 2.8 mi from this home · 4301 N Michigan Ave, Miami Beach
Miami Beach Senior High School
High school · 2.2 mi from this home · 2231 Prairie Ave, Miami Beach
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Ebenezer Christian Academy II
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Miami
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
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