320 S Hibiscus has sold for 11.6 million after the former owners donated the luxurious property to Mt. Sinai Medical Center. Douglas Elliman agents Eloy Carmenate and Mick Duchon agreed to a very reduced commission to represent the sale and all proceeds and most commissions earned will be donated to the hospital. 320 S Hibiscus Drive was donated to Mount Sinai Medical Center Foundation in 2003 via a life estate by the previous owners, who believed in enhancing the well-being of the community by supporting the medical center’s mission. The buyer, who was represented by Natalia Gryczynska of Douglas Elliman Real Estate, plans to develop 2 homes on the site. The property was originally listed for $13,950,000.

Founded in 1949, Mount Sinai Medical Center is the largest independent, private, not-for-profit teaching hospital in South Florida. One of the original statutory teaching hospitals in the state of Florida, Mount Sinai is the hospital of choice for those who seek the level of expertise and care that only a teaching hospital can offer. Mount Sinai currently offers ten convenient locations in Miami-Dade County and two cardiology offices in Monroe County.

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