375 N Hibiscus Dr

Hibiscus Island, Miami, FL · View on Zillow

375 N Hibiscus Dr

$42M somewhere else buys…

6 bedrooms · 8 baths · 7,256 sqft · 15,750 sqft lot

Built 2025 · 3 Attached Garage spaces · Pool · $5788/sqft (city median $425)

Architectural masterpiece in the exclusive guard-gated Hibiscus Island embodies the pinnacle of refined Miami Beach living. Designed by renowned architect Kobi Karp and curated by European luxury design firm AED Planung, this contemporary estate offers 7,869 SF under air (9,178 SF total) with 6 beds, 7.5 baths on a 90-ft waterfront lot with sweeping open bay views of the Miami skyline.

What this place offers

  • Private pool
  • Heating: Central
  • Cooling: Central Air, Zoned
  • 3 Attached Garage spaces
  • Garage
  • Top school rating 9/10 nearby
  • HOA $950 annually

The numbers

$773K/yr

Property tax (actual rate)

$151K/yr

Insurance (quoted)

Price history

2021$11,900,000
2022$14,000,000
2025$42,000,000
2026 (asking)$42,000,000

Up 253% since 2021

$42,000,000

Down payment20% · $8,400,000
%
Mortgage (principal + interest)$210,170
Property tax$64,400
Home insurance$12,600
HOA / maintenance$79
All-in monthly$287,249/mo

You'd need about $12,310,671/yr in household income (28% rule) plus $8,400,000 in cash.

Would rent for ~$210,000/mo · 6.0% gross yield

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