Miami Beach Pending Sale $14,900,000

24 S. Hibiscus Drive, Miami Beach Florida on Hibiscus Island $14,900,000

A beautiful Miami Beach mediterranean estate located on Hibiscus Island, and priced at $14,900,000 is now listed as a pending sale on the Miami MLS. The home located at 24 S. Hibiscus Drive was first put on the market for sale in 2002 for an asking price of $11,900,000.
As more improvements were made to the property, the price was raised to $15,000,000 in 2003, and then to a whopping $19,000,000 in 2004, and $22,000,000 in 2005. Unable to sell the magnificent Hibiscus Island home during the Miami real estate boom days of 2004 and the first half of 2005, or when the market collapsed, the owner finally lowered the price to $14,900,000 in October 2007. Stay tuned to see if it closes.

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