$8,900,000list price
Price cut$500,000
5 bd · 6.5 ba · 5,642 sq ft House
420 N HIBISCUS DR, MIAMI BEACH, FL 33139
Listing courtesy of Douglas Elliman. MLS# A12024825.On the MLS · Listed Jun 3
$11,495,000
253 N COCONUT LN, MIAMI BEACH, FL 33139
4 beds3.5 baths2,263 sq ftHouseBuilt 2026
Updated today, November 3, 2026This home against Palm & Hibiscus Islands
$5,080 per sq ft, 52% over the Palm & Hibiscus Islands median
251 days on the market
$112,636 in property taxes (2025)
6,970 sq ft lot
Private pool
Waterfront
2 car garage
Palm & Hibiscus Islands today: 16 homes for sale, median list price $18,199,500.
About this home
Casa Bahia is a rare waterfront opportunity - Plans Included & Ready to Build - on the exclusive, guard-gated Palm Island, masterfully designed by Borges + Associates. Offered with the land and a full set of approved plans for a new 3,800 SF modern residence, this offering saves up to three years of design, review, and planning - allowing you to break ground immediately and be the first to enjoy this bespoke bayfront retreat. The thoughtfully curated floor plan features four bedrooms with ensuite baths, expansive light-filled living spaces, a chef’s kitchen, private elevator, and a rooftop terrace designed to capture sweeping water views over Biscayne Bay. Seamless indoor-outdoor living invites tranquil mornings by the water and vibrant sunset gatherings framed by Miami’s tropical skyline. Within Palm Island’s private enclave, residents enjoy an exclusive park with tennis courts, basketball, soccer field, and playground. Just minutes from South Beach, Brickell, Wynwood, and the Miami Design District, Casa Bahia offers effortless access to world-class dining, luxury shopping, cultural destinations, and premier boating - while preserving the privacy, security, and prestige of island living.
Zoned schools
Elementary: Miami Beach South Pointe Elementary School
Middle: Miami Beach Nautilus Middle School
High: Miami Beach Senior High School
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Seamans Park, 0.7 mi
Beach: Miami Beach, 2.1 mi
Grocery: Whole Foods Market, 1.4 mi
Distances from the center of Palm & Hibiscus Islands, MIAMI BEACH.
Listing courtesy of One Sotheby's International Realty. MLS# A11972744.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed February 25, 2026.
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