Prices for prime waterfront properties in Miami Beach have doubled over the past couple of years as buyers from all over the world flock to this Florida hotspot for its exciting mix of cultures, nightlife and great weather, according to agent Jill Hertzberg.

One of the most exclusive neighborhoods in town, this zip code recorded 42 sales of $5 million or more and 11 sales of $10 million or more during the 12 months ended June 30, 2013.

This house is in a gated island community located a few minutes from the restaurants, clubs and shopping on South Beach. The living room features 20-foot-plus ceilings and a window wall with views of Biscayne Bay.

There's 60 feet of waterfront and a 300-square-foot dock. Tall trees and lush plantings keep the quarter-acre lot cool and comfortable. There's also a poolside patio.

For further information: Trulia