271 N. Hibiscus Drive sold for $9,000,000
In the past 30 days from November 15, 2007 to December 15 2007, a total of 9 listed homes closed on Miami Beach, in the area extending from Palm and Hibiscus Islands all the way up to Bal Harbour. Of those, 2 luxury waterfront homes closed, 1 Palm Aveneue on beautiful Palm Island, for $3,695,000, and 271 N Hibiscus Drive on adjacent Hibiscus Island for a hefty $9,000,000. During the same period, a total of 83 listed condos/townhomes sold on Miami Beach ranging in price from $95,000 to $8,300,000 for a Fisher Island oceanfront condo. Of the condo/townhome closings, 13 units were sold for more than $1,000,000 each.