Moishe Mana sells Hibiscus Island home for $12M

Mana paid $5.2M for the house in 2013

TRD MIAMI /
Dec.December 05, 2019 12:30 PM
Moishe Mana and a rendering of 420 South Hibiscus Drive (Credit: Getty Images and iStock)

Moishe Mana and a rendering of 420 South Hibiscus Drive (Credit: Getty Images and iStock)

Developer Moishe Mana sold a 1937 home in Miami Beach to a buyer who plans to build a new modern mansion on the property.

Mana’s Martini Realty LLC sold the 5,492-square-foot home at 420 South Hibiscus Drive on Hibiscus Island to 420 S Hibiscus Drive SFH LLC, a Delaware company, for $12 million.

Mana, who has amassed a huge portfolio of land in Wynwood and downtown Miami, paid $5.2 million for the home in 2013.

Mana went before the Miami Beach Design Review Board in October seeking approval for a new house for the hidden buyer. Mana proposed building a roughly 9,800-square-foot, two-story mansion with a rooftop atrium, landscaping, water features, and a separate guest suite, according to plans filed with the city.

About two years ago, a company tied to Mana paid $5.9 million for a waterfront spec home in North Miami Beach’s Eastern Shores neighborhood. He also owns homes in Delray Beach.

In October, the Mana Group released a much-anticipated construction timeline for his major redevelopment of downtown Miami, where he’s spent more than $350 million assembling roughly 45 buildings on or near Flagler Street. A plan designed by Zyscovich Architects showed 11 buildings between Southeast First Street and North Miami Avenue that would be delivered between the first quarter of 2021 and the fourth quarter of 2024.

In addition to his development plans in Miami, he runs Mana Wynwood, a convention center and events venue with art galleries and installations.


Related Articles

arrow_forward_ios
Michael Comras and 1500 Washington Avenue (Credit: Google Maps)

Comras looks to sell Five Guys property on Washington Ave

Jeffrey Dagowitz, Ophir Sternberg and 100 21st Street (Credit: Getty Images, Google Maps)

Lionheart and Jeffrey Dagowitz sell Seagull Hotel Miami Beach for $120M

Multiplan launches sales of boutique luxury condo project on Ocean Drive

Multiplan launches sales of boutique luxury condo project on Ocean Drive

Continuum South Beach unit 606 and Dan Buettner (Credit: Douglas Elliman)

Is it the water? Longevity expert buys Continuum South Beach condo

Moshe Popack and his Flamingo Drive home

Private equity firm exec sells Miami Beach mansion to Moshe Popack

Rendering of hotel addition at Sterling Building (Credit: Kobi Karp Architecture & Interior Design)

Sterling Building on Lincoln Road scores hotel approval

From left: Jill Hertzberg and 1633 North View Drive, and Dr. Arthur Agatston and Sari Agatston (Credit: Getty Images)

South Beach Diet founder sheds Sunset Island home

Miami Beach seeks to fix floor area ratio controversy involving Galbut and Martin’s Park on Fifth project

Miami Beach seeks to fix floor area ratio controversy involving Galbut and Martin’s Park on Fifth project

arrow_forward_ios
Loading...