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Waterfront · Single Family Residence
$18,499,000$2,978 / sqft
176 S Hibiscus Drive, Miami Beach FL 33139
Listed
6
Bedrooms
7
Bathrooms
6,211 sqft
Interior
2002
Year built
$63 / mo
HOA
Single Family Residence
Type
About this home
Welcome to luxury waterfront living at 176 S Hibiscus Drive in the heart of Miami Beach! This stunning 6-bed, 6.5- bath residence offers 60 feet of prime waterfront on one of the most prestigious islands in Miami Beach, with breathtaking views of downtown Miami. Equipped with two boat lifts—one holding 40,000 pounds & the other 20,000 pounds—a private dock,& summer kitchen, this home is a boater’s dream. A generator that powers the entire home. Inside, the high-end finishes & smart home technologies are evident. Mia Cucina kitchen is a chef’s delight, complemented by an elegant bar, & wine cellar. Unparalleled convenience, comfort,& security. Located on the prestigious Hibiscus Island, enjoy the best of Miami Beach living—close to world-class shopping, dining, & entertainment.
Features
- First Floor Entry
- Bar
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Custom Mirrors
- Walk-In Closet(s)
- Family Room
- Built-In Grill
- Bay
- Garden
- Ocean
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 6-bed rentals in Miami Beach, from 8 active listings; the middle half ask $70,000–$250,000.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.