Premier Brokers International
405 N Hibiscus Drive 204, Miami Beach, FL 33139
Price reducedMLS listing sourceMIAMI REALTORS® MLS
Price reducedMLS® A12044925
$620,000

↓ Price reduced $55,000 on Sep 23, 2026

405 N Hibiscus Drive 204, Miami Beach, FL 33139

Beds
1
Baths
1
Sqft
620
Est. payment$4,989/mo
Home type
Condominium
Year built
1960
Lot size
—
Price / sqft
$1,000
HOA
$727/mo
Community
ISLAND CLUB OF SOUTH BEACH

Property description

Rarely available Hibiscus Island condominium offering boutique waterfront living in one of Miami Beach's most exclusive gated communities. One of only 20 residences in the building, this 1-bedroom, 1-bath home spans 620 square feet and is surrounded by some of the area's most iconic bayfront estates.The residence features an in-unit washer and dryer, a deeded parking space, and access to outstanding waterfront amenities. Enjoy a bayfront swimming pool, BBQ gazebo, and community dock with rentable boat slips available through the association for an additional fee, ideal for boating and water enthusiasts.Flexible and low-maintenance, this property works beautifully as a primary residence, seasonal getaway, investment property, or lock-and-leave pied-à-terre. It can also serve as a guest suite, home office, or additional living space for nearby Hibiscus, Palm, and Star Island homeowners.Residents benefit from the privacy and security of a guard-gated island, plus access to tennis courts, basketball courts, a playground, and scenic walking and biking streets. Located just minutes from South Beach, Brickell, the Design District, Wynwood, Downtown Miami, major airports, marinas, dining, shopping, and entertainment, this Hibiscus Island condo delivers a rare combination of tranquil island living and central Miami Beach convenience at a price point seldom found on the island.

Listing activity

Days on market
85
Listed
Jun 30, 2026
MLS listing updated
Sep 23, 2026
Feed last checked
10 minutes ago

Listed by Michael Anthony Buttacavoli · The Corcoran Group

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
1
Bathrooms
1
Bathrooms (decimal)
1
Full bathrooms
1
Half bathrooms
0

Rooms & features

Rooms
0
Flooring
Tile
Appliances
Dryer, Electric Range, Refrigerator, Washer
Furnished
Furnished

Heating & cooling

Heating
Central
Cooling
Central Air
Property

Parking

Garage spaces
0
Carport spaces
0
Covered spaces
0
Parking features
Deeded, Guest
Attached garage
No

Exterior

Stories
2
Entry level
2
Exterior features
Balcony
View
Other
Waterfront
Bay
Waterfront property
Yes
Construction

Type & style

Home type
Condominium
Year built
1960
New construction
No

Materials

Construction
Block
Property condition
Resale
Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision
ISLAND CLUB OF SOUTH BEACH
MLS area
2320
Security
Other
Pets allowed
Yes
55+ community
No

Association

Has association
Yes
Association fee
$727 monthly
Estimated monthly dues
$727
Amenities
Pool, Basketball Court, Picnic Area, Tennis Court(s)
Services included
Pool Service, Common Areas, Hot Water, Insurance, Maintenance Grounds, Maintenance Structure, Roof Repairs, Sewer, Trash, Water
Lease details

Not reported by the listing source.

Location

Area details

City
Miami Beach
County
Miami-Dade
ZIP code
33139
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12044925
Possession
Negotiable
Original list price
$675,000
Parcel number
0232320150140
Annual property tax
$8,824
Tax year
2025
Tax legal description
ISLAND CLUB OF SOUTH BEACH CONDO UNIT 204 UNDIV 4.3% INT IN COMMON ELEMENTS OFF REC 19894-2055 OR 19951-1642 0901 1 COC 22548-0308 07 2004 1
Additional MLS details

Reported by the listing source

Association Amenities
Pool, Basketball Court, Picnic Area, Tennis Court(s)
Association Fee Frequency
Monthly
Association Fee Includes
Pool Service, Common Areas, Hot Water, Insurance, Maintenance Grounds, Maintenance Structure, Roof Repairs, Sewer, Trash, Water
Association
Yes
Bathrooms Total Decimal
1
Bathrooms Total Integer
1
Construction Materials
Block
County Or Parish
Miami-Dade
Days On Market
85
Elementary School
Miami Beach South Pointe
High School
Miami Beach
List Price
620000
Listing Contract Date
2026-06-30
Living Area
620
MLSArea Major
2320
Middle Or Junior School
Miami Beach Nautilus
Mls Status
Active
On Market Date
2026-06-30
Photos Count
25
Postal Code
33139
Price Change Timestamp
2026-09-23T18:31:18Z
Property Sub Type
Condominium
Property Type
Residential
Rooms Total
0
Security Features
Other
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-06-30T04:00:00Z
Stories Total
2
Subdivision Name
ISLAND CLUB OF SOUTH BEACH
Waterfront Features
Bay
Tax Annual Amount
8824
Bathrooms Full
1
Bedrooms Total
1
Bathrooms Half
0
Financial Information: Estimated Monthly Assoc Recurring Fee
727

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Jun 30, 2026ListedMIAMI REALTORS® MLS$675,000$1,089/sqft
Sep 23, 2026Price reducedMIAMI REALTORS® MLS$620,000$1,000/sqft

Public tax history

YearProperty taxesAssessment
2025$8,824—

Payment calculator

Estimated monthly payment$4,989/moIllustrative estimate, not a loan offer.
Principal & interest
$3,217
Property taxes
$735
Insurance
$310
Association dues
$727

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

ISLAND CLUB OF SOUTH BEACH

Miami Beach · Miami-Dade County · 33139

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Miami Beach South PointeElementary
—
Miami Beach NautilusMiddle
—
Miami BeachHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of The Corcoran Group. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.