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$27,500,000 -$2,000,000 (-6.78%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 6 Full Baths
  • 1 Partial Bath
  • 9,209 Sq. Ft.
  • Updated 5 hours ago
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Step Inside With Me! This Palm Island Estate spans over 35,000 SF of prime waterfront land with an extraordinary 220 linear feet on Biscayne Bay. 16 Palm is a monumental parcel of true magnitude offering the potential to enhance the existing Mediterranean Revival home (see renderings) or create a new 17,500 SF modern mansion. The choice is yours! A trophy residence can be achieved here within one of Miami Beach's most exclusive gated island communities. The present-day home, renovated in 2009, welcomes you with sun-filled interiors, lush courtyards, and grand entertaining spaces. Additional amenities elevate the residence with a theater, gym, dual steam rooms, and a wine cellar. With Southeast exposure and captivating downtown skyline views, the site allows for a visionary new construction or a significant expansion of the existing structure. Live minutes to South of Fifth and in close proximity to Downtown Miami while enjoying Palm Island's rare amenities: playground, tennis and basketball courts.

Full Property Details for 16 Palm Ave

General

  • Price: $27,500,000
  • Taxes: $320,750 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Greater_Miami
  • MLS ID: A11957898
  • Updated: 2/20/2026
  • Added to Site: 17 day(s) ago

Interior

  • Interior Features: First Floor Entry, Cooking Island, Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Media Room
  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Flooring: Ceramic Floor, Wood

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 6
  • Bedroom Features: Primary Bedroom Upstairs, Sitting Area - Primary Bedroom

Other Rooms

  • Living Room: Den/Library/Office, Family Sq. Ft.
  • Eat-in kitchen: Yes
  • Dining Room: Eat-In Kitchen

Additional Information

  • Pool: Yes
  • Pool Description: In Ground

Exterior

  • Exterior Features: Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Driveway

Location

  • Area: Palm Island
  • County: Miami-Dade County
  • Subdivision: PALM ISLAND
  • Building Name: PALM ISLAND
  • Direction Faces: Northwest

Community

  • Community Name: Palm Island
  • Association: Yes
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water

Structural Information

  • Architectural Style: Detached, Two Story
  • Structure Type: House
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction
  • Roof: Barrel Roof
  • Windows: High Impact Windows
  • Building Size: 10958
  • Square Feet: 9,209
  • Living Area: 9,209 Sq. Ft.
  • Year Built: 1930

Lot Features

  • Property View: Bay
  • Lot Size (Sq. Ft.): 35,348
  • Frontage: Bay
  • Frontage Feet: 220
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Zoning: 2200

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Ocean Access

Financial Considerations

  • Price Per Sq. Ft.: $2,986.21
  • Tax Amount: $320,750
  • Tax Year: 2025
  • Terms: All Cash

Disclosures and Reports

  • Legal Description: PALM ISLAND PB 6-54 LOTS 26 & 27 BLK 1 LOT SIZE 35348 SQ FT OR 15651-0683 0992 1 COC 26255-2008 03 2008 1
  • Restrictions: Other Restrictions
  • Inclusions: Boatlift, Private Dock
  • Property ID: 02-42-05-001-0240

Listed by Douglas Elliman

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Listing agent

— 16 Palm Ave —

  • Douglas Elliman

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 16 Palm Ave

School District:Dade County School District
NameGradesDistance
South Pointe Elementary School
1050 4th Street, Miami Beach, FL 33139
PK-51.2 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-83 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-122.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 16 Palm Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/20/2026
Price Reduced
$27,500,000
-6.78%
MLS
2/03/2026
Listed
$29,500,000
29.1%
MLS
11/18/2025
Sold
$22,850,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 16 Palm Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$320,750
14%
$22,835,107
18%
2024
$282,402
20%
$19,314,779
38%
2023
$235,130
28%
$14,026,469
50%
2021
$183,240
-13%
$9,366,489
-24%
2022
$209,493
14%
$12,273,132
31%
2021
$183,240
-1%
$9,380,707
—
2019
$184,451
3%
$9,394,926
—
2018
$179,232
3%
$9,409,146
—
2017
$173,426
4%
$9,423,365
19%
2016
$166,925
9%
$7,915,249
10%
2015
$153,011
11%
$7,195,681
10%
2014
$137,998
13%
$6,541,529
10%
2013
$122,565
—
$5,946,845
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 16 Palm Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Douglas Elliman

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16 Palm Ave, Miami Beach, FL 33139 (MLS# A11957898) is a Single Family property with 6 bedrooms, 6 full bathrooms and 1 partial bathroom. 16 Palm Ave is currently listed for $27,500,000 and was received on February 03, 2026. Want to learn more about 16 Palm Ave? Do you have questions about finding other Single Family real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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