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Waterfront · Single Family Residence
$14,900,000$4,819 / sqft
56 S Hibiscus Dr, Miami Beach FL 33139
Listed
4
Bedrooms
5
Bathrooms
3,092 sqft
Interior
1934
Year built
None
HOA
Single Family Residence
Type
About this home
Welcome to Casa Babette—a renowned waterfront estate on the exclusive Hibiscus Island, celebrated for its artistic legacy and refined design. Originally landscaped by a celebrated artist from Majestic Gardens, this extraordinary residence is a true work of art, timeless elegance, and sophisticated craftsmanship. Set against the shimmering backdrop of Biscayne Bay, Casa Babette offers breathtaking water views, a private dock, and seamless indoor-outdoor living. Inside, every detail has been thoughtfully curated, with custom interiors by the acclaimed Kakar House of Design. Located in one of Miami Beach’s most prestigious and secure communities, Hibiscus Island, Casa Babette offers both land and water security—an unparalleled lifestyle in the heart of paradise.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Walk-In Closet(s)
- Barbeque
- Lighting
- Bay
- Ocean
- Pool
Leasing
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 4-bed rentals in Miami Beach, from 30 active listings; the middle half ask $13,000–$28,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.