Developer Robert Rivani has purchased a Miami Beach mansion on Hibiscus Island for $20 million, according to the reported transaction. The acquisition adds another high-value residential property to Rivani’s portfolio. Publicly available details about the home, including its size and specific features, were not provided in the information available for this report.
Key takeaways
The reported purchase is a significant Miami Beach residential deal, though details beyond the buyer, price and island location remain limited.
- Buyer: Developer Robert Rivani
- Purchase price: $20 million
- Location: Hibiscus Island, Miami Beach
A major Miami Beach purchase
Rivani’s acquisition places him among buyers making multimillion-dollar home purchases in Miami Beach. The reported price is $20 million, and the property is identified as a home on Hibiscus Island. No additional transaction terms were available in the published information provided.
What is known about the property
The available details identify the property only as a home on Hibiscus Island. Its address, square footage, architectural style, amenities and prior ownership were not specified, so the home’s features cannot be independently described here.
A growing high-end portfolio
The purchase adds another high-end property to Rivani’s holdings, according to the transaction report. The information available does not identify his other properties or provide details about how this home fits into his broader real estate investments.
- Robert Rivani buys home on Hibiscus Island in Miami Beach, The Business Journals.