A Historical Tour of the Hibiscus Island and Palm Island – And a Great Deal on Single Family Waterfront Home

Hibiscus Island and Palm Island in Miami Beach has a grand and illustrious history. That history can be visible right at the entrance of Palm Island. As one proceeds onto the island, the first thing you pass is a children playground full of swing sets, slides and see-saws. But half a century ago this location was an altogether different sort of playground, it was the site of the Famous Latin Quarter Nightclub.

Owned by Lou Walters, father of The View’s Barbara Walters, the Latin Quarter was a mid-century mecca for big-named entertainers who performed for winter crowds of tourists and celebrities arriving in Miami Beach each December. Entertainers like Frank Sinatra, Dean Martin & Jerry Lewis, Jack Benny and Tony Bennett all intermingled with waves of high-kicking chorus girls to perform three shows a night at the Latin Quarter.

Beginning with the financial crash in the early 1930’s, Palm Island became the winter home of such notables as Al Capone and celebrities, who took to Miami Beach’s incredible beauty.  They built various incredible waterfront estates on Palm and Hibiscus island.  Many of these estates were restored to their full glory (and more) during the real estate boom of the last decade.

For the savvy buyer today, I’d like to highlight a spectacular waterfront opportunity on Hibiscus Island.  This is a REAL, motivated waterfront home seller:

Debtor Approved Price: $2,600,000
Previous Price : $3,250,000
Bedrooms: 3
Bathrooms: 4
House S.F.: 3,590
Land S.F.: 10,500
Waterfrontage: 60′ (complete privacy)

Scenic Bay and City views from this completely updated tri-level turnkey home. Offering an open and spacious floorplan with stone and wood throughout. The gourmet kitchen features stainless steel appliances, granite counters, and pantry all with pool and water views.  The oversized master suite with bayfront balcony and downtown city views includes a sitting area, plenty of closets, and a spacious master bath with Jacuzzi, shower, and double sinks. This bayfront beauty comes complete with high impact glass windows as well as storm shutters and power generator. Ready for the boater with new dock and quick easy Ocean access with no fixed bridges.  Ideally located between Downtown Miami and South Beach, including new tropical landscape, two-car garage and double driveway for plenty of parking.