360 S Hibiscus Dr
Miami Beach, FL 33139 · single_family · For Sale · 91 days on market
Asking price$49,500,000
7 beds 8 baths 8,300 sqft
Suggested offer$40,709,524$8,790,476 above the est. market value of $40,709,524.
View on Realtor.com →Listed by Devin Kay · Douglas Elliman - 5555 Biscayne Blvd
Typesingle_family
Built2026
Price / sqft$5964
Est. value (own analysis)$40,709,524
Rent estimate (own analysis)$145,000/mo
HOANone
1 / 94
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Statusfor_sale
Listed date2026-06-03
Removed date—
MLSMiamiMLS #A12030398
Coordinates25.78377, -80.16382
Address360 S Hibiscus Dr
CityMiami Beach
StateFL
Zip33139
Listing ID6672956331
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33139)
Typical home value (ZHVI)$471,015
Typical rent (ZORI)$2,928/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $49,500,000 |
| Down payment (20.0%) | $9,900,000 |
| Loan amount | $39,600,000 |
| Closing costs (5.0%) | $2,475,000 |
| Total cash to close | $12,375,000 |
| Income | |
| Rent (comp-derived) | $145,000$1,740,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $133,400$1,600,800 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $78,375$940,500 |
| Insurance (placeholder 0.8% of price) | $33,000$396,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $7,250$87,000 |
| Total operating expenses | $118,625$1,423,500 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $7,250$87,000 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 7 | 9 | 8,324 | $95,000 | 2026-08-13 | — | |
| single_family | 7 | 9 | 7,356 | $215,000 | 2026-03-11 | — | |
| single_family | 7 | 8 | 8,110 | $145,000 | 2026-02-02 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 270 S Hibiscus Dr | single_family | 7 | 8 | 10,500 | $51,500,000 | 2026-08-24 |
| 1 Star Island Dr | single_family | 7 | 5 | 6,684 | $55,000,000 | 2026-07-13 |
| 112 Palm Ave | single_family | 7 | 6 | 5,157 | $14,995,000 | 2025-09-22 |
Widened to city-wide. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1006 Links Dr | single_family | 7 | 9 | 12,470 | $49,000,000 | — |
| Fisher Island 6893 Lphcenter Dr Unit 6893 | condos | 7 | 10 | 9,852 | $39,950,000 | — |
| 7043 Fisher Island Dr Unit 7043 | condos | 7 | 9 | 9,826 | $36,000,000 | — |
| 1010 Fisher Island Dr | single_family | 7 | 10 | — | $36,000,000 | — |
| 401 E Rivo Alto Dr | single_family | 7 | 8 | 5,804 | $16,900,000 | — |
| 3100 N Bay Rd | single_family | 7 | 10 | 10,250 | $100,000,000 | — |
| 5812 Alton Rd | single_family | 7 | 7 | 4,822 | $5,250,000 | — |
| 4430 Nautilus Dr | single_family | 7 | 7 | 4,501 | $7,295,000 | — |
10-year hold projection
IRR-6.1%
Equity multiple-0.02x
Total return (10yr)-$6,190,088
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $50,985,000 | $177,300 | -$2,963,463 | $39,170,648 | $11,814,352 |
| 2 | $52,514,550 | $189,737 | -$2,953,202 | $38,711,812 | $13,802,738 |
| 3 | $54,089,987 | $202,724 | -$2,942,443 | $38,221,467 | $15,868,519 |
| 4 | $55,712,686 | $216,284 | -$2,931,169 | $37,697,450 | $18,015,236 |
| 5 | $57,384,067 | $230,437 | -$2,919,358 | $37,137,448 | $20,246,619 |
| 6 | $59,105,589 | $245,206 | -$2,906,989 | $36,538,990 | $22,566,599 |
| 7 | $60,878,756 | $260,615 | -$2,894,041 | $35,899,435 | $24,979,321 |
| 8 | $62,705,119 | $276,688 | -$2,880,491 | $35,215,962 | $27,489,157 |
| 9 | $64,586,273 | $293,449 | -$2,866,315 | $34,485,554 | $30,100,719 |
| 10 | $66,523,861 | $310,924 | -$2,851,490 | $33,704,987 | $32,818,874 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.