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Waterfront · Single Family Residence
$42,000,000$5,788 / sqft
375 N Hibiscus Dr, Miami Beach FL 33139
Listed
6
Bedrooms
8
Bathrooms
7,256 sqft
Interior
2025
Year built
$79 / mo
HOA
Single Family Residence
Type
About this home
Architectural masterpiece in the exclusive guard-gated Hibiscus Island embodies the pinnacle of refined Miami Beach living. Designed by renowned architect Kobi Karp and curated by European luxury design firm AED Planung, this contemporary estate offers 7,869 SF under air (9,178 SF total) with 6 beds, 7.5 baths on a 90-ft waterfront lot with sweeping open bay views of the Miami skyline. Open floor plan flows seamlessly to a resort-style outdoor area featuring an infinity-edge pool/spa, covered dining pavilion, summer kitchen, sunken lounge next to pool, and private dock. Other notable features include home automation system, elevator, movie room, gym, wine fridge, extensive rooftop terrace, separate guest house, and generator. The island is guard gated by Miami Beach police for the best security, and the home is walking distance to a childrens playground, tennis and basketball courts. Tropical landscaping surrounds the home providing total privacy, and open bay views to the north west showcase dramatic sunsets each evening. Call today to schedule a tour of your new dream home.
Features
- First Floor Entry
- Second Floor Entry
- Closet Cabinetry
- Cooking Island
- Elevator
- Walk-In Closet(s)
- Separate Guest/In-Law Quarters
- Maid/In-Law Quarters
- Media Room
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 10 active listings; the middle half ask $45,000–$160,000.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.