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Ibrahim Al-Rashid buys Hibiscus Island home for $6 Million

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]The chairman of Limestone Asset Management (an affiliate of Orion Real Estate Group) has made his Hibiscus Island paradise a little bigger.

Ibrahim Al-Rashid recently closed on a waterfront estate at 184 S. Hibiscus Dr. in Miami Beach for $6 million. The property is close to his current home at 190 S. Hibiscus Drive, which he bought in September for $6.29 million. According to a release, the University of Miami graduate plans to demolish 184 S. Hibiscus to add to his property and demolish the 190 S. Hibiscus home to add green space. Cesar Molina, founding principal of CMA Design Studio Inc. will design the addition at 184 S. Hibiscus. Overall, the new property will have 300 continuous feet of waterfront.

“My family and I are deeply rooted to the beauty of Hibiscus Island and the peaceful waterfront lifestyle it provides,” said Al-Rashid. “We are pleased to have added two additional properties on the east side our home in a few short months, allowing us to expand by building additional structures, as well as adding beautiful green space. Thanks to its association and public park, Hibiscus Island offers a neighborhood feel that many luxury islands on Miami Beach don’t.”

Jeffrey Fields of ONE Sotheby’s International Realty represented Al-Rashid in the off-market transaction. Check out photos of Molina’s plans for Al-Rashid’s new home below.[/vc_column_text][vc_empty_space][vc_gallery interval=”3″ images=”73506,73507,73508,73509,73510,73511,73512,73513,73514″ img_size=”full” direction_nav=”yes” control_nav=”yes” pause_on_hover=”yes”][/vc_column][/vc_row]

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.