A newly built waterfront mansion at 270 South Hibiscus Drive sold for $50 million on August 20, 2026, a record for Hibiscus Island. Jordan Karp of Jordan Karp LLC held the listing.
A newly built waterfront mansion on a double lot at 270 South Hibiscus Drive sold for $50 million on August 20, 2026, a record for Hibiscus Island. The seller was a company led by real estate broker Denis Smykalov. The roughly 10,500-square-foot residence has seven bedrooms and eight and a half bathrooms; its asking price was $55 million. Jordan Karp of Jordan Karp LLC held the listing. The buyer took title as a trust.
Hibiscus Island and its guard-gated neighbor Palm Island have anchored a run of nine-figure and near-nine-figure land and house trades through 2026, as buyers compete for a fixed supply of bay-front lots close to South Beach.
A record broken by five million dollars against a fifty-five-million ask is, on these islands this year, a fairly modest headline — which says more about the year than the house.