Hibiscus Island waterfront teardown sells for $9M

The property sold for $1,319 psf

TRD MIAMI /
Apr.April 15, 2020 05:30 PM
225 North Hibiscus Drive (Credit: Google Maps)

225 North Hibiscus Drive (Credit: Google Maps)

A Christian non-profit that delivers scripture throughout the world sold a waterfront home on Miami Beach’s Hibiscus Island for $9.3 million.

New Paris, Indiana-based World Missionary Press sold the 7,050-square-foot house at 225 North Hibiscus Drive for $1,319 per square foot, records show. Warwick Mobile Home Park LLC, led by Dalton Warwick of Palatka, Florida, bought the property.

The house was deeded to the World Missionary Press by Paul H. Fausnight in 2019, records show. World Missionary Press is an “interdenominational faith ministry producing 48-page topical Scripture booklets and Bible studies in more than 345 languages,” according to its website.

The home was built in 1934 and sits on a 26,250-square-foot lot, according to records. It has eight bedrooms and five bathrooms.

The listing describes it as a “Rare opportunity to build your mansion with your mega yacht on over a half-acre.”

It was last purchased for $350,000 in 1981, records show.

Daniel Alvarez

Daniel Alvarez

The seller was represented by Laurie Finkelstein Reader with Laurie Finkelstein Reader Real Estate, LLC, according to Realtor.com. Daniel Alvarez of Miles Goldstein Real Estate represented the buyer.

In December, Moishe Mana sold a 1937 home on Hibiscus Island at 420 South Hibiscus Drive for $12 million. In December, a Russian mogul sold a waterfront spec home at 38 South Hibiscus Island Drive for $14.2 million.


Related Articles

arrow_forward_ios
Phil Collins, Orianne Collins, and 5800 North Bay Road (Credit: Tim Chapman/Getty Images, and John Parra/Getty Images)

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave
6493 Allison Road (Credit: Douglas Elliman)

One Thousand Museum developer sells Allison Island home

One Thousand Museum developer sells Allison Island home
Greg Mirmelli with 2120 Bay Avenue (Credit: John Parra/Getty Images)

Miami Beach investor sells waterfront home for $18M, following bidding war

Miami Beach investor sells waterfront home for $18M, following bidding war
Floyd Mayweather & 5501 Pine Tree Drive, Miami Beach (Credit: Google Maps and Jun Sato/Getty Images)

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss
1500 West 21st Street and Todd Glaser (Glaser by Mary Beth Koeth, Todd Michael Glaser)

Todd Glaser buys waterfront Sunset Islands home with plans to list it for $10M

Todd Glaser buys waterfront Sunset Islands home with plans to list it for $10M
A rendering of the monorail

Miami-Dade approves interim contract for monorail to Miami Beach

Miami-Dade approves interim contract for monorail to Miami Beach
Lord Balfour Hotel

Mezz lender forecloses on Ocean Drive hotel in South Beach

Mezz lender forecloses on Ocean Drive hotel in South Beach
Oceanside Fisher Island and a map of condo sales (Credit: Google Maps)

Weekly condo sales volume in Miami drops below $40M

Weekly condo sales volume in Miami drops below $40M
arrow_forward_ios

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

Loading...