A luxury waterfront mansion in Miami Beach has sold for $39 million, setting a new record for Hibiscus Island. The property, located at 101 North Hibiscus Drive, was sold by V.I. Hibiscus 4445 LLC, managed by architecture expert Paul Vogele, to 101 N Hibiscus LLC, a Wyoming-registered company. The true identity of the buyer remains undisclosed.
The sale was brokered by Jill Hertzberg and Danny Hertzberg of the Jills Zeder Group at Coldwell Banker, who represented the seller, while Isaac Malagon of Compass worked with the buyer. The transaction price equates to $3,618 per square foot, a record-breaking amount for the island.
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Mansion Details
The 10,780-square-foot mansion was completed in 2016 on a 21,000-square-foot lot and was inspired by the design of the Hôtel Particulier in France. Touzet Studio, a renowned architectural firm, was responsible for the home’s design, which seamlessly blends 18th-century French chateau architecture with modern tropical elements, giving it a distinctive Miami Beach flair.