Miami Beach island estate with nightclub, yacht docks sells for record $52M

A mystery buyer just inked a record sale price and price per square foot on Miami Beach’s gated Hibiscus and Palm islands with a $51.5 million splurge on a waterfront estate. A joint venture led by Luis Bosch, founder of Luis Bosch Luxury Homes, sold the 10,000-square-foot mansion at 270 South Hibiscus Drive that sits on two bayfront lots that total 21,000 square feet with 120 feet of frontage overlooking Biscayne Bay, according to the seller’s news release. Wolsen Real Estate founder Denis Smykalov is listed as the manager of the joint venture. The price works out to $5,100 per […]

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