The Real Deal Miami

Eddie Irvine lists $30M spec home on Hibiscus Island

A company led by Irvine paid nearly $5.2M for the waterfront lot in 2012

July 13, 2015 09:45AM
By Katherine Kallergis

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Renderings of 428 Hibiscus Island

Renderings of 428 South Hibiscus Drive

Former Formula 1 driver and custom homebuilder Eddie Irvine listed a Hibiscus Island spec home for $30 million, The Real Deal has learned. 

Eddie Irvine Homes listed the two-story, waterfront mansion at 428 South Hibiscus Drive in Miami Beach, listing agent Julian Johnston told TRD.

Julian Johnston, Calibre International Realty

Julian Johnston of Calibre International Realty

Completion is slated for fall 2016, Johnston, of Calibre International Realty, said. When completed, it will include a formal living room, media room, library, bar and 140 feet of water frontage. The estate will also feature Miele appliances, a family room, master suite, pool, spa, summer kitchen, fireplace and private balconies.

Casa Ischia, a company led by Irvine, paid nearly $5.2 million for the 18,375-square-foot lot in 2012, according to Miami-Dade County property records.

A handful of European buyers has recently picked up multimillion-dollar homes on Hibiscus Island: $7 million for 350 South Hibiscus Drive and $7.9 million for 280 South Hibiscus Drive in May, and 429 North Hibiscus Drive in June.

The retired British racing driver’s company sold a spec home at 1142 North Venetian Drive earlier this year for $10.5 million.