2040 S HIBISCUS DR, North Miami, FL 33181

2040 S HIBISCUS DR, North Miami, FL 33181 is a 6-bedroom, 7-bathroom residential - single family : 1 unit built in 2023 with 5,704 square feet of living space on a 8,475 square foot lot. The property is currently owned by ILAN ELBASE ALEXANDRA ELBASE, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2023-10-03 for $4,382,500, when HIBISCUS 2040 LLC sold to ILAN ELBASE. The property has appreciated $3,332,500 (317%) since the prior sale of $1,050,000 on 2021-07-19. The 2025 assessed value is $3,270,727 with a market value of $3,636,271.

This breaks down to $1,610,250 for the land and $2,026,021 for the building. The assessed value increased 3% from $3,178,550 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $73,667, and the median home value is $254,400. The population density is 6,933 people per square mile. There are active mortgage liens totaling $2,685,470 recorded against this property.

2040 S HIBISCUS DR, North Miami, FL 33181 is located in North Miami, Florida. Property records, tax assessments, sales history, and ownership information for this North Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2021 to 2023, with 2 recorded transactions in the public record.

The current assessed value represents 75% of the most recent sale price. Based on the most recent sale, this property traded at $768 per square foot — a key metric for comparing value across North Miami's real estate market..