Hibiscus Island is an upscale neighborhood of Miami Beach that is actually a private island in Biscayne Bay. This gated community is home to some of the most expensive homes for sale in Miami Beach. In fact, as of August 2012, the cheapest real estate listing on Hibiscus Island is listed at $1.59 million, and prices only go up from there. Being able to live on this beautiful island is worth the hefty price tag, however, if you can afford it. As an island in Biscayne Bay, the views from homes on the island are truly spectacular, and include views of South Beach and the downtown Miami skyline, in addition to views of the peaceful bay and passing yachts.
Hibiscus Island, and its sister island Palm Island, have always been popular destinations for the rich and powerful, lending to its illustrious history and current popularity. After its completion in 1922, celebrities and other notables were drawn to the tropical beauty of the island, including legendary mobster Al Capone who built a winter home on the island. In the years following World War II, Hibiscus Island was home to one of the most popular nightclubs in the world - The Latin Quarter which was owned by Lou Walters - father to reporter Barbara Walters. The Latin Quarter was known to have headliners including Frank Sinatra, Dean Martin, Sammy Davis Jr. and Tony Bennett, and drew huge crowds every night of the week.
Now, Hibiscus Island is primarily residential in nature, and is home to several condos, but mostly single family homes - with the norm sliding towards multimillion dollar estates. Mansions for sale on Hibiscus Island are hot commodities, especially since it is a gated island, but still accessible via the MacArthur Causeway. This leads to a feeling of seclusion, while allowing residents to be only a 5 minute drive from South Beach or downtown Miami - the best of both worlds. See more Miami Beach neighborohood information.