SOLD at $11,000,000 – Waterfront Lot on Hibiscus Island in Miami Beach

June 17, 2022

SOLD by Top Realtor Nelson Gonzalez at BHHS EWM Realty for $11,000,000!

Prime waterfront lot located on Hibiscus Island – 375 N Hibiscus Drive, Miami Beach | 15,750-SF LOT, 90-FT Waterfront

When the brilliance of Miami’s premier staging firm, Artefacto, architect Kobi Karp, and top broker Nelson Gonzalez converge, excellence is delivered! This incredible waterfront lot on exclusive Hibiscus Island was planned to be developed by Paulo Bacchi of Artefacto. Fabulous views of the Edgewater skyline can be enjoyed from this exclusive enclave where the new owner will build a custom home.

The sale was featured on TheRealDeal   “Artefacto’s owner and CEO Paulo Bacchi sold a waterfront lot on Miami Beach’s Hibiscus Island for $10.7 million, about double what he paid for the property four years ago. Bacchi tapped Miami architect Kobi Karp of Kobi Karp Architecture & Interior Design to draw plans for a home. The property features 90 feet of water frontage. Bacchi planned to develop the house using Karp’s plans, which were approved and permitted by the city, according to Gonzalez. The property hit the market asking $24 million in July of last year, a price that would have included the Karp-designed home being completed. It was relisted late last year for $12.9 million. ”

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