6 S Hibiscus Dr.

Build-to-sell, capital back at exit

Hibiscus Island tip-of-island lot, 19,717 sqft with 143ft of bay frontage.

Build-and-sell development strategy on a 19,717-sqft tip-of-island vacant parcel at 6 South Hibiscus Drive in Miami Beach, Florida, on Hibiscus Island. The site carries 143 feet of bay frontage and a terminal-lot geometry that supports multi-directional water exposure, a configuration that is structurally scarce on the guard-gated Venetian-corridor islands. The strategy is vertical construction of a new single-family residence sized to the envelope and oriented to maximize the bay exposures created by the tip geometry, followed by disposition on completion. Hibiscus Island, together with Palm and Star Islands, has demonstrated durable absorption of newly delivered inventory at the upper band of Miami Beach waterfront pricing, supported by the guard-gated access, proximity to the MacArthur Causeway, and persistent demand from international and domestic high-net-worth buyers. Hold duration is expected to span design, permitting, hard construction, and a marketing window typical for new waterfront inventory on the guarded islands. Asking land basis of 26 million dollars reflects the tip-of-island geometry, the 143-foot frontage, and the enclave positioning. Capital deployment covers design, permitting including any bayfront review, hard construction, marine programming, finish specification, and carry through listing. Returns are targeted from the spread between all-in delivered cost and new-construction resale into a buyer pool that prices tip-lots at a premium to conventional waterfront parcels.

Address

6 S Hibiscus Dr.

City

Miami Beach, FL

ZIP

33139

Beds

—

Baths

—

Living sqft

—

Lot sqft

19,717

Year built

—

Waterfront

BAY

Real cost waterfall from sponsor proforma — 24-month build cycle, ground-up basis. Lines below are project cash expenses through completion and disposition, including property tax during the hold period.

Source: sponsor proforma · figures are forward-looking estimates · not a guarantee of return