Miami Beach, Florida house sells for $16 million

A seller has sold a 4,412-square-foot spacious house built in 1952 located in the 300 block of South Hibiscus Drive in Miami Beach. The deed was signed on February 10, 2022. The $16,000,000 purchase price works out to $3,626 per square foot. The property features three bedrooms and four baths. There's also a pool in the backyard. The unit sits on a 15,750 square-foot lot.

Additional houses have recently been purchased nearby:

• In August 2021, a 2,160-square-foot home at North Hibiscus Drive in Miami Beach sold for $2,350,000, a price per square foot of $1,088.
• On North Hibiscus Drive, Miami Beach, in November 2021, a 5,642-square-foot home was sold for $6,000,000, a price per square foot of $1,063.
• A 6,090-square-foot home on 432 South Hibiscus Drive in Miami Beach sold in June 2021 for $21,000,000, a price per square foot of $3,448.

This story was originally published March 15, 2022 at 3:58 PM with the headline "Miami Beach, Florida house sells for $16 million."