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Single Family Residence
$8,900,000$1,577 / sqft
420 N Hibiscus Dr, Miami Beach FL 33139
Listed
5
Bedrooms
7
Bathrooms
5,642 sqft
Interior
2019
Year built
Single Family Residence
Type
About this home
A turnkey modern masterpiece by award-winning architect Ralph Choeff, located on the coveted guard-gated Hibiscus Island. Newly completed, this residence impresses with a dramatic 20-foot glass foyer, floating staircase, and wide-plank white oak floors. Natural light fills the open-concept layout, seamlessly blending indoor and outdoor living. The sleek MiaCucina kitchen is equipped with Wolf and Sub-Zero appliances, while additional highlights include an Apple smart home system, private elevator, gym, sauna, resort-style pool, and expansive entertaining spaces designed for elevated comfort and ease. The luxurious primary suite features dual ensuite baths and custom walk-in closets, while the rooftop terrace captures breathtaking 360-degree views of the Miami skyline. This fully turnkey residence offers exceptional value on the prestigious Hibiscus, Palm, and Star Islands, where residents enjoy exclusive island amenities including tennis courts, basketball courts, and a children’s playground. Ideally located just five minutes from Brickell, Downtown Miami, Edgewater, and South Beach, this home combines privacy, prestige, and convenience within one of Miami Beach’s most desirable enclaves.
Features
- First Floor Entry
- Second Floor Entry
- Third Floor Entry
- Elevator
- Entrance Foyer
- Split Bedroom
- Walk-In Closet(s)
- Sauna
- Utility Room/Laundry
Run the numbers
We fill in the price. This listing doesn't state its HOA dues, so that's yours to enter too, along with 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 5-bed rentals in Miami Beach, from 8 active listings; the middle half ask $32,000–$78,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
Not stated in this 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 HOA, 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.