The Herald begins today a biweekly article spotlighting selected luxury home sales in Miami-Dade, Broward and Palm Beach counties.

Miami Beach: Nancy S. Kipnis has sold her five-bedroom, 6 ½-bath luxury home at 394 S. Hibiscus Dr. on Hibiscus Island, Miami Beach. The sale price was $5.15 million and the listing price at the time of sale was $5.5 million. The Mediterranean-style home, which is on an 18,375-square-foot lot, was built in 1930. The property overlooks the Watson Island anchorage with the downtown Miami skyline in the background.

The property sold for $425,000 in 1981. Jill Hertzberg and Jill Eber of Coldwell Banker Residential Real Estate handled the sale.