Sold for $550,000

$550,000

405 N Hibiscus Dr APT 202, Miami Beach, FL 33139

1beds

620sqft

Condominium

Built in 1960

-- sqft lot

$542,200 Zestimate^®

$887/sqft

$2,486 Estimated rent

Home value

$542,200

$477,000 - $618,000

$2,486/mo

Zestimate^® history

Owner options

List your home for rent

$2,486/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$2,486/mo

Rent Zestimate^®

Refinance and save

$4,514/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$4,514/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Direct ocean accessWaterfront poolTennis courtsBasketball courtsAdditional guest parkingCharming one-bedroom one-bathroom residenceBbq gazebo

Incredible opportunity to own your Island Property on Hibiscus Island, Miami Beach. Discover this charming one-bedroom, one-bathroom residence located in the only condominium building on Hibiscus Island surrounded by multi million dollar homes. Offering access to a private boat slip for a monthly fee and can accommodate vessels up to 32 feet, jet skis with direct ocean access—perfect for boating and recreational water activities. The property features a waterfront pool, BBQ gazebo, one assigned parking space, and additional guest parking. This residence offers an ideal living environment for those seeking the privacy, security, tranquility, and exclusivity that Hibiscus Island is known for. The island community provides tennis courts, basketball courts, a playground, and bike lanes, creating a balanced lifestyle of relaxation and recreation. Security is enhanced by and gated entrance monitored by the Miami Beach Police Department

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Microwave
Laundry: Washer/Dryer Hook-Up

Features

Walk-In Closet(s)
Flooring: Ceramic Tile
Doors: High Impact Doors

Interior area

Total structure area: 620
Total interior livable area: 620 sqft

Property

Parking

Total spaces: 1
Parking features: 1 Space, Additional Spaces Available, Assigned
Attached garage spaces: 1

Features

Entry location: Second Floor Entry
Patio & porch: Deck
Exterior features: Barbecue, Balcony, Tennis Court(s)
Has private pool: Yes
Pool features: Association, Private Pool
Has view: Yes
View description: Bay, Canal, Intracoastal View, Ocean, Water
Has water view: Yes
Water view: Bay,Canal,Intracoastal View,Ocean,Water
Waterfront features: Canal Front, Intracoastal Front, Ocean Front, Bay
Frontage type: Bay/Harbor

Details

Parcel number: 0232320150120

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

CBS Construction

Condition

Updated/Remodeled,Completely Renovated
Year built: 1960

Community & HOA

Community

Security: Security Guard, Security Service
Application fee: $150
Pet fee: $300
Subdivision: Island Club Of South Beach

HOA

Has HOA: Yes
Amenities included: Basketball Court, Barbecue, Boat Dock, Marina, Pool, Tennis Court(s)
HOA fee: $727 monthly

Location

Region: Miami Beach

Financial & listing details

Price per square foot: $887/sqft
Tax assessed value: $597,195
Annual tax amount: $8,983
Date on market: 1/6/2026
Listing terms: All Cash,Conventional

Price history

Date	Event	Price
3/26/2026	Sold	$550,000+51.5%$887/sqft
Source: MIAMI #A11939552 Report a problem
3/13/2019	Sold	$363,000+8.4%$585/sqft
Source: Public Record Report a problem
6/2/2014	Sold	$335,000+71.8%$540/sqft
Source: Public Record Report a problem
4/22/2010	Sold	$195,000+40.3%$315/sqft
Source: Public Record Report a problem
3/11/2010	Sold	$139,000-52.9%$224/sqft
Source: Public Record Report a problem
9/29/2006	Sold	$295,000+13.6%$476/sqft
Source: Public Record Report a problem
6/8/2005	Sold	$259,600+26.6%$419/sqft
Source: Public Record Report a problem
6/14/2004	Sold	$205,000+7.9%$331/sqft
Source: Public Record Report a problem
1/14/2003	Sold	$190,000+8.3%$306/sqft
Source: Public Record Report a problem
10/11/2001	Sold	$175,500$283/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,983 +15.7%	$389,450 +10%
2024	$7,762 +17.8%	$354,046 +10%
2023	$6,589 +10%	$321,860 +10%
2022	$5,992 +11.5%	$292,600 +10%
2021	$5,375 -6.3%	$266,000 -6.4%
2020	$5,739 -4.9%	$284,100 -5%
2019	$6,033 +8.5%	$299,000 +5.1%
2018	$5,559	$284,592
2017	$5,559 -1.7%	$284,592
2016	$5,655 +7.4%	$284,592 +10%
2015	$5,264 +44.2%	$258,720 +50%
2014	$3,651 +9.1%	$172,480
2013	$3,346	$172,480 +10%
2012	$3,346 -1%	$156,800
2011	$3,378 +7.9%	$156,800 +15%
2010	$3,132 -8.5%	$136,350 -15%
2009	$3,424 -32.7%	$160,410 -35%
2007	$5,092 +13.4%	$246,780
2006	$4,490	--
2005	$4,490 +8.2%	--
2004	$4,149 +3.5%	--
2003	$4,006	--
2002	--	--