Hibiscus Island, a beautiful man-made island in Biscayne Bay, within Miami Beach city limits is a wonderful South Beach neighborhood to reside in. Hibiscus Island Miami Beach is an exclusive residential neighborhood that features high property values. This island is only accessible via Palm Island; with both islands being security guarded 24/7, and offer residents a secure lifestyle within Miami Beach. Despite it’s exclusivity, Hibiscus Island is accessible via the MacArthur Causeway, which links the island to Miami Beach proper and Greater Miami Dade County.
In 1922, the dredging, which created the reclaimed land that made Hibiscus Island, was completed, as well as the work for Palm Island and Star Island. The twin man-made islands, Hibiscus and Palm Islands became popular getaways for notables and celebrities alike, as the effects of the Great Depression diminished. During the 1940s and 1950s, Hibiscus Island gained in popularity due to its proximity to Palm Island, which was internationally known for the Famous Latin Quarter Nightclub, where big-named entertainers such as Dean Martin, Tony Bennett, Sammy Davis Jr., and Frank Sinatra came to entertain the Winter season crowds.
Today, Hibiscus Island is comprised of single-family mansions and multi-family apartment or condominium units. An array of architectural styles can be found on the island ranging from Modern to Mediterranean Revival. Fortunately, for those seeking Miami Beach waterfront homes, properties can either be waterfront or dry lots. As most residents are avid boaters, and enjoy boating as a regular pastime, Hibiscus Island is the ideal choice as there are no fixed bridges, which, in turn, allow for various-sized boats to be moored easily in the neighborhood.
Hibiscus Island is an ideal neighborhood for active individuals or people with families, as Palm and Hibiscus Islands share a community area featuring tennis, basketball, and racquetball courts, as well as a children’s park. Children and teenagers who reside on Hibiscus Island fall into the Miami-Dade County Public Schools district, and attend the following schools: South Pointe Elementary School, Nautilus Middle School, and Miami Beach High School.
Currently, the average listing price is $9,000,000; while the current average rental price is $30,000 a month. In addition, the average sold price is $5,000,000. Property values range from $1,800,000 to $30,000,000. Rental price ranges from $6,500 to $80,000 a month.