Isaac Malagon Of Compass Represents Buyer In $40.25M Sale Of Hibiscus Island Home

This transaction involved a 10,780 square foot single-family home located at 101 North Hibiscus Drive in the Miami Beach market. The property had an asking price of $45,000,000 and a sale price of $40,250,000, translating to a price per square foot of $3,734.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $40,250,000
• Address: 101 North Hibiscus Drive
• Market: Miami Beach
• Square Footage: 10,780
• Price Per Square Foot: $3,734
• Buyer's Representative: Isaac Malagon - Compass

The sale set a record for the highest sales price ever in the history of Palm and Hibiscus Islands, highlighting the property's significance in the local real estate market.