Situated on an oversized 21,000 SF lot with unobstructed wide open bay views and 120 ft of water frontage, this home on the prestigious and guard gated Hibiscus Island has great potential. With 16,170 total sqft, this home features panoramic views throughout, 7 bedrooms, 9 + 1 bathrooms, large pool, spacious backyard, and private dock with boat lift. Live in the heart of Miami Beach in close proximity to world class restaurants, shopping and beaches of South Beach, Downtown and Wynwood. For knockdown value; property contains building that currently requires substantial renovation to get new certificate of occupancy.