Island Club of South Beach
405 N Hibiscus Drive, Miami Beach, FL 33139
South Beach
Folio 0232320150001
- Year built
- 1960
- Residences
- 20
- Building area
- 13,640 sq ft
- Median residence
- 620 sq ft
- FEMA flood zone
- Zone AE · BFE 10 ft
- Latest arms-length sale
- $1,800,000 · Sep 2025
- Median sale (10 yr)
- $425,000
- Recorded transfers
- 82
Island Club of South Beach is a 20-residence boutique condominium building at 405 N Hibiscus Drive, in South Beach, completed in 1960. It has a median residence of 620 square feet.
The recorded market runs to 62 arms-length sales since 2001, an annual turnover rate of 6.5 percent of the building over the past decade, and a median of $356 per square foot. Across 42 same-unit resales, 83 percent sold above their prior recorded price, with a median gain of 27 percent over a median hold of 3.6 years. The 5 sales since 2023 carry a median of $1,389 per square foot, against a record that opens in 2001 and spans several market cycles.
Recorded sales history
Recorded transfers for this building in Miami-Dade County public records, back to Jan 2001. Prices reflect the recorded consideration; transfers the Property Appraiser does not qualify as arms-length are shown unmarked. Nominal-consideration paper transfers (deeds into trusts and LLCs, estate and family transfers, corrective deeds) are part of the record but not sales, and are omitted from this table. Recording lags closing, so the newest sales can take several weeks to appear.
| Date | Residence | Size | Price | Arms-length |
|---|---|---|---|---|
| Mar 2026 | 202 | 620 sf | $550,000 | |
| Mar 2026 | 206 | 620 sf | $215,000 | |
| Sep 2025 | 210 | 1,220 sf | $1,800,000 | ✓ |
| May 2025 | 203 | 540 sf | $750,000 | ✓ |
| Jan 2024 | 201 | 630 sf | $950,000 | ✓ |
| Oct 2023 | 101 | 740 sf | $655,000 | ✓ |
| Jan 2023 | 209 | 540 sf | $265,000 | |
| Jan 2023 | 203 | 540 sf | $560,000 | ✓ |
| Apr 2022 | 105 | 620 sf | $425,000 | ✓ |
| Oct 2021 | 108 | 620 sf | $450,000 | ✓ |
| Jan 2021 | 102 | 630 sf | $350,000 | ✓ |
| Dec 2019 | 105 | 620 sf | $360,000 | ✓ |
| Dec 2019 | 107 | 620 sf | $330,000 | ✓ |
| Oct 2019 | 106 | 620 sf | $300,000 | ✓ |
| Mar 2019 | 202 | 620 sf | $363,000 | ✓ |
| Nov 2018 | 108 | 620 sf | $350,000 | ✓ |
| Jun 2015 | 201 | 630 sf | $399,000 | ✓ |
| Jul 2014 | 108 | 620 sf | $300,000 | ✓ |
| Jun 2014 | 210 | 1,220 sf | $600,000 | |
| May 2014 | 202 | 620 sf | $335,000 | ✓ |
| Jun 2013 | 105 | 620 sf | $205,000 | ✓ |
| Mar 2012 | 107 | 620 sf | $250,000 | ✓ |
| Jan 2012 | 204 | 620 sf | $190,000 | ✓ |
| Nov 2011 | 104 | 620 sf | $162,000 | ✓ |
| Jul 2011 | 204 | 620 sf | $160,000 | ✓ |
| May 2011 | 101 | 740 sf | $230,000 | ✓ |
| Apr 2010 | 202 | 620 sf | $195,000 | ✓ |
| Feb 2010 | 202 | 620 sf | $139,000 | |
| Aug 2009 | 210 | 1,220 sf | $525,000 | ✓ |
| Apr 2008 | 110 | 1,440 sf | $800,000 | ✓ |
| Dec 2007 | 208 | 620 sf | $289,000 | ✓ |
| Aug 2006 | 202 | 620 sf | $295,000 | ✓ |
| Dec 2005 | 101 | 740 sf | $134,000 | |
| May 2005 | 202 | 620 sf | $259,560 | ✓ |
| May 2005 | 106 | 620 sf | $259,000 | ✓ |
| Mar 2005 | 205 | 540 sf | $235,000 | ✓ |
| Mar 2005 | 104 | 620 sf | $255,500 | ✓ |
| Jan 2005 | 110 | 1,440 sf | $800,000 | ✓ |
| Jan 2005 | 101 | 740 sf | $259,000 | ✓ |
| Oct 2004 | 210 | 1,220 sf | $634,500 | ✓ |
| Jul 2004 | 204 | 620 sf | $234,000 | ✓ |
| Jun 2004 | 202 | 620 sf | $205,000 | ✓ |
| Feb 2004 | 105 | 620 sf | $210,000 | ✓ |
| Jul 2003 | 207 | 540 sf | $185,000 | ✓ |
| Apr 2003 | 107 | 620 sf | $86,000 | |
| Dec 2002 | 202 | 620 sf | $190,000 | ✓ |
| Oct 2002 | 210 | 1,220 sf | $495,000 | ✓ |
| Oct 2002 | 110 | 1,440 sf | $495,000 | ✓ |
| Sep 2002 | 106 | 620 sf | $201,500 | ✓ |
| Sep 2002 | 104 | 620 sf | $216,000 | ✓ |
| Mar 2002 | 101 | 740 sf | $215,000 | ✓ |
| Feb 2002 | 105 | 620 sf | $180,000 | ✓ |
| Oct 2001 | 106 | 620 sf | $158,500 | ✓ |
| Sep 2001 | 209 | 540 sf | $195,500 | ✓ |
| Sep 2001 | 205 | 540 sf | $175,500 | ✓ |
| Sep 2001 | 204 | 620 sf | $175,500 | ✓ |
| Sep 2001 | 202 | 620 sf | $175,500 | ✓ |
| Sep 2001 | 201 | 630 sf | $195,500 | ✓ |
| Sep 2001 | 109 | 620 sf | $197,500 | ✓ |
| Sep 2001 | 107 | 620 sf | $170,500 | ✓ |
| Sep 2001 | 104 | 620 sf | $155,500 | ✓ |
| Sep 2001 | 102 | 630 sf | $165,500 | ✓ |
| Aug 2001 | 208 | 620 sf | $181,500 | ✓ |
| Aug 2001 | 207 | 540 sf | $181,000 | ✓ |
| Aug 2001 | 206 | 620 sf | $190,500 | ✓ |
| Aug 2001 | 108 | 620 sf | $162,500 | ✓ |
| Aug 2001 | 103 | 620 sf | $181,500 | ✓ |
| Aug 2001 | 101 | 740 sf | $175,500 | ✓ |
| Jan 2001 | 203 | 540 sf | $195,000 | ✓ |
✓ = qualified arms-length per the Miami-Dade Property Appraiser. 13 nominal-consideration paper transfers omitted.
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Building facts and sales records are compiled from Miami-Dade County public records (Property Appraiser) and reviewed against recognized architectural references. Figures are reported as recorded and may be updated as the county updates its records. This page is informational and is not an offer, solicitation, or valuation.