A Rare $18.9 Million Waterfront Estate on Hibiscus Island with Private Dock and Skyline Views
Located within one of South Florida’s most tightly held island communities, 176 S Hibiscus Dr presents a compelling opportunity for buyers seeking a truly exceptional home in Miami Beach for sale. Offered at $18.9 million, the waterfront estate sits on the prestigious Hibiscus Island, delivering 60 feet of direct Biscayne Bay frontage and unobstructed views toward the downtown Miami skyline, an increasingly rare combination within today’s Miami Beach real estate market.
Built in 2002, the residence encompasses 6,211 square feet of interior living space across two levels, set on a 10,500-square-foot lot with private dockage. According to materials reviewed by Luxury Houses Magazine, the property has undergone consistent upgrades that align it with modern expectations for comfort, technology, and security, while preserving the timeless appeal of a classic Miami Beach waterfront home for sale.
A Waterfront Setting Designed for an Elevated Lifestyle
Positioned directly along the bay, 176 S Hibiscus Dr is fundamentally shaped by its relationship with the water. The property features a private dock equipped with two boat lifts, one rated for 40,000 pounds and the other for 20,000 pounds, making it especially attractive to boating enthusiasts who prioritize immediate ocean access. From the dock, owners can reach Biscayne Bay and the Atlantic within minutes, a defining advantage among Miami Beach homes for sale.
Outdoor living areas extend seamlessly from the interior, where a resort-style pool, expansive deck, and summer kitchen create an environment equally suited to quiet evenings or large-scale entertaining. As daylight fades, the skyline views across the bay reinforce why Hibiscus Island remains one of the most sought-after addresses in Florida real estate.
“True waterfront properties with private dockage on Hibiscus Island are becoming increasingly scarce,” one of the listing agents told Luxury Houses Magazine. “Buyers understand that locations like this are irreplaceable, especially when they offer both privacy and proximity to the city.”
SEE MORE: $34.5 Million Waterfront Estate Redefines Quiet Luxury in Bay Harbor Islands
Interior Spaces Defined by Craftsmanship and Technology
Inside, the home reveals a refined yet inviting aesthetic anchored by marble flooring, custom cabinetry, and carefully curated finishes. The main living areas flow naturally, designed to capture bay views while maintaining a sense of intimacy and comfort. An elegant bar and a temperature-controlled wine cellar serve as focal points for entertaining, reinforcing the home’s appeal as both a private retreat and a social setting.
“The level of infrastructure here is what separates this property from many others,” an agent involved in the listing explained to Luxury Houses. “Smart systems and backup power aren’t luxuries anymore—they’re expectations at this level of the market.”
The Mia Cucina kitchen stands out as a centerpiece, combining bespoke Italian cabinetry with premium appliances and a generous center island. Smart home technologies are integrated throughout the residence, managing lighting, climate, and security systems with ease. A full-home generator provides uninterrupted power, a feature that has become increasingly important to buyers evaluating a high-end home in Miami Beach for sale.
SEE MORE: A Once in a Generation Ultra Rare Dual Waterfront Estate in Manalapan Offered at $44.9 Million
Hibiscus Island: Privacy, Prestige, and Connectivity
Hibiscus Island occupies a unique position within Miami Beach real estate, offering a residential atmosphere defined by privacy, security patrols, and limited inventory, while remaining moments from the city’s most dynamic districts. Access via the MacArthur Causeway places South Beach, Downtown Miami, Brickell, and the Design District all within a short drive, enhancing the everyday convenience of owning a Miami Beach home for sale in this enclave.
Residents benefit from proximity to world-class shopping at Bal Harbour Shops, acclaimed dining throughout South Beach, and cultural destinations such as the Pérez Art Museum Miami and Adrienne Arsht Center. Tennis courts, waterfront parks, and nearby marinas further contribute to the lifestyle appeal, reinforcing Hibiscus Island’s reputation as one of the most exclusive communities in the region.
Transaction History and Long-Term Value
Public records trace the property’s evolution over more than two decades, beginning with a sale in 2000 for $775,000, followed by another transaction in 2002 at $1.76 million, the year the current residence was completed. Since then, 176 S Hibiscus Dr has reflected the dramatic appreciation seen across Miami Beach’s luxury waterfront sector.
In recent years, the home has appeared both as a high-end rental and a for-sale listing, with rental prices reaching $65,000 per month before returning to the market at its current asking price of $18.9 million. According to information reviewed by Luxury Houses Magazine, this pricing aligns with comparable trophy properties on Hibiscus and Star Islands, particularly those offering private dockage and unobstructed bay views.
The property is also subject to an annual HOA fee and significant property taxes, details that underscore its positioning within the ultra-luxury segment of Miami Beach real estate.
SEE MORE: Weston Masterpiece Asking $31.5 Million Blends Timeless Grandeur with Cutting-Edge Luxury
Market Context and Buyer Demand
Demand for waterfront properties in Miami Beach has remained resilient, driven by domestic relocation trends, international interest, and limited new supply. A listing agent familiar with 176 S Hibiscus Dr noted that inquiries have come primarily from buyers relocating from the Northeast and Latin America, many of whom view a Miami Beach home for sale not only as a residence but as a long-term lifestyle investment.
“These buyers are looking for security, water access, and a sense of permanence,” the agent told Luxury Houses Magazine. “Homes like this offer all three, which is why they continue to attract attention even in a competitive market.”
A Rare Opportunity in Miami Beach Real Estate
With its combination of waterfront access, architectural quality, and coveted island location, 176 S Hibiscus Dr stands apart among current Miami Beach homes for sale. The residence delivers a balanced lifestyle defined by privacy and connectivity, making it equally appealing as a primary residence or a seasonal retreat.
For buyers seeking a home in Miami Beach for sale that embodies long-term value, resort-style living, and one of the city’s most prestigious addresses, 176 S Hibiscus Dr represents a rare convergence of attributes that continue to define the upper tier of Miami Beach real estate. To know more information about this property, view on Zillow listing.
For inquiries or to schedule a private showing, please contact:
Lourdes Alatriste
305-926-5322
Douglas Elliman
Eduardo Bocanegra
786-205-6319
Douglas Elliman
* This property might not for sale at the moment you read this post; please check property status at the above Zillow or Agent website links*
More Homes in Florida here:
- A Rare $18.9 Million Waterfront Estate on Hibiscus Island with Private Dock and Skyline Views
- A Once in a Generation Ultra Rare Dual Waterfront Estate in Manalapan Offered at $44.9 Million
- $34.5 Million Waterfront Estate Redefines Quiet Luxury in Bay Harbor Islands
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