MIAMI BEACH REAL ESTATE: ROD AND REEL CLUB RELISTED 50% BELOW ORIGINAL ASKAugust 4, 2009
MIAMI BEACH ROD AND REEL CLUB
The Miami Beach Rod and Reel Club, founded in 1929, is one of South Florida’s oldest angling organizations. In 1934, its membership purchased property on Hibiscus Island and established its meeting place, a former late night hotspot, Club Lido. For more than 70 years, sportsman, fishing enthusiasts and the like have gathered to celebrate the catch.
Like many property owners today, the principals of the Miami Beach Rod and Reel Club are cutting back. Almost one year ago, they determined that it was decadent to maintain a clubhouse that happens to be one of Miami Beach’s prime, waterfront properties. Two properties comprise the Club, both adjacent to the bridge connecting Palm and Hibiscus Islands:
208 S Hibiscus Drive is located on the east side of the bridge. The 11,000SF clubhouse is found on this plot which measures 31,500SF with 180′ of water frontage and is technically 3 lots combined. Originally listed for $10M, currently this is offered for $4.9M.
218 S Hibiscus Drive is located on the west side of the bridge. This piece is a vacant lot which measures $18,814SF offering 105′ of water frontage. Listed for $5M one month ago, today it is on the market for $2.95M.
MORE MIAMI BEACH ROD AND REEL CLUB:
ALSO FOR SALE ON HIBISCUS ISLAND (waterfront):
40 S Hibiscus Drive: $8.9M
265 N Hibiscus Drive: $8.5M
269 N Hibiscus Drive: $5.9M
56 S Hibiscus Drive: $5.1M
429 N Hibiscus Drive: $5M
102 S Hibiscus Drive: $4.9M
184 S Hibiscus Drive: $3.9M
441 N Hibiscus Drive: $3.5M
270 S Hibiscus Drive: $3.4M
240 S Hibiscus Drive: $3M
306 S Hibiscus Drive: $2.9M
81 N Hibiscus Drive: $2.7M
250 S Hibiscus Drive: $2.5