Moishe Mana sells Hibiscus Island home for $12M

Mana paid $5.2M for the house in 2013

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
369 North Hibiscus Drive (Villazzo Realty, iStock) Buddhist, Mansion
Lawyer pays $14M for waterfront Hibiscus Island manse that hosted Tibetan Buddhist masters
Lawyer pays $14M for waterfront Hibiscus Island manse that hosted Tibetan Buddhist masters
From left: Stephen Macricostas and Andre Branch in front of 4535 Nautilus Court (Getty Images, Redfin)
Buyer of Andre Branch’s former Miami Beach house flips it for $7M
Buyer of Andre Branch’s former Miami Beach house flips it for $7M
Rise at Brickell City Centre at 88 SW 7 Street in Miami (Condos.com)
Closing at Rise tops Miami-Dade’s weekly condo sales
Closing at Rise tops Miami-Dade’s weekly condo sales
Alex and Yanina Sapir (Getty, Instagram, Illustration by Kevin Rebong for The Real Deal)
Developer Alex Sapir’s wife files for divorce, citing a “loveless” marriage
Developer Alex Sapir’s wife files for divorce, citing a “loveless” marriage
Pebb Capital's Todd Rosenberg with 4000 Collins Avenue (Loopnet, iStock)
Pebb JV sells CVS-anchored retail space in Miami Beach for $18M
Pebb JV sells CVS-anchored retail space in Miami Beach for $18M
Black Lion Investments' Robert Rivani and the Ritz-Carlton Residences at 4701 North Meridian Avenue in Miami Beach (Ritz-Carlton Residences, Black Lion Investments)
Black Lion’s den: Robert Rivani pays $8M for waterfront Miami Beach penthouse
Black Lion’s den: Robert Rivani pays $8M for waterfront Miami Beach penthouse
Emilio and Gloria Estefan with 444 West Rivo Alto Drive (Getty, Redfin)
Gloria and Emilio Estefan sell waterfront Venetian Islands home
Gloria and Emilio Estefan sell waterfront Venetian Islands home
Michele and Kevin Segalla and Ilya Karpov with 320 Hibiscus Drive (LinkedIn, Craig Denis) Miami, Mansions
Mobile gaming tycoon, investment manager wife pay $29M for Hibiscus Island spec mansion
Mobile gaming tycoon, investment manager wife pay $29M for Hibiscus Island spec mansion
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...