Star Island Miami Beach is east of Hibiscus and Palm Island, and is a neighborhood of South Beach within the city of Miami Beach. This man-made island is located in Biscayne Bay, and is solely accessible via the MacArthur Causeway, which links the island to Greater Miami Dade County and Miami Beach proper. Star Island property values are extremely high, as celebrities and the well-to-do individuals seek to own property on this central, tropical oasis.
This man-made island was completed in 1922, and was owned by developer Carl Fisher, who owned several parcels of land, which would later become the city of Miami Beach.
Star Island is comprised of single-family mansions, and is revered as one of the most luxurious and exclusive neighborhoods in Miami Beach. Both waterfront and dry lot homes are available on the island. Current well-known residents include Cuban American singer, Gloria Estefan; Mexican pop star, Paulina Rubio; basketball player, Shaquille O’Neal; and a slew of architecture moguls and their families.
Miami Beach’s Star Island is the ideal place for avid boaters to call home, or to use as a vacation oasis. Homes on Star Island offer oversized lots and are all waterfront properties; therefore, large boats and yachts are commonly seen docked at residences. Star Island is definitely a go-to location for those looking to find the perfect Miami Beach waterfront homes.
Star Island is a great neighborhood for individuals who enjoy high-end fashion and dining, as well as for those with families. The island is just minutes away from the Collins Avenue shopping district and Lincoln Road, as well as high-end dining such as Prime 112 and Joe’s Stone Crab. 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.
The current average listing price is $16,000,000; while the current average rental price is $85,000 a month. The average sold property is $16,000,000. Property value ranges from $17,000,000 to $37,000,000. Rental price is in the $85,000 range.