Updated Aug 17, 2026
SOLDSingle Family Residence
Dora Puig & Jordan Karp Broker Record-Breaking $51.5M Miami Beach Residence Sale
270 South Hibiscus Drive
$51,500,000
$4,904/SF
Building Size
10,500 SF
Asset Type
Single Family Residence
Closing
Aug 12, 2026
About this deal
AI
A single family residence located at 270 South Hibiscus Drive in Miami Beach was sold for $51,500,000. The property spans 10,500 square feet, resulting in a price per square foot of $4,904. This sale has established a new benchmark across Hibiscus and Palm Islands.
Summary of transaction details:
- Property Type: Single Family Residence
- Transaction Amount: $51,500,000
- Address: 270 South Hibiscus Drive
- Market: Miami Beach
- Square Footage: 10,500
- Price per Square Foot: $4,904
- Buyer's Representative: Dora Puig - Luxe Living Realty
- Seller's Representative: Jordan Karp - Jordan Karp LLC
This transaction marks the highest sale price and highest price per square foot ever recorded across Hibiscus and Palm Islands. It reflects the work of internationally acclaimed architecture firm SAOTA, with interior design by ARRCC and landscape architecture by Raymond Jungles.
On the Map
$51,500,000
$4,904/SF
Single Family Residence
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93