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$27,500,000 Just Listed

  • For Sale
  • Active
  • Residential Lots
  • 0.811 Acres
  • Updated 1 day ago
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Step Inside With Me! This Palm Island mega property is ready for the future: a modern mansion! Spanning over 35,000 SF of prime waterfront land with an extraordinary 220 linear feet on Biscayne Bay, its premier Southeast exposure ensures breezes off the ocean, enviable sunlight and captivating Downtown skyline views. Inspirational plans depict up to a 17,5000 SF trophy residence with sports court that 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. This world-class site in guard-gated Palm Island 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: tennis, basketball courts and playground.

Full Property Details for 16 Palm Ave

General

  • Price: $27,500,000
  • Taxes: $320,750 (2025)
  • Status: Active
  • Type: Residential Lots
  • Source: Greater_Miami
  • MLS ID: A11970383
  • Updated: 2/23/2026
  • Added to Site: 2 day(s) ago

Location

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

Community

  • Community Name: Palm Island
  • Gated community: Yes

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water
  • Utility Description: Natural Gas Connected, Sewer Connected, Water Connected, Natural Gas Available, Sewer Available, Water Available

Structural Information

  • Structure Type: Residential
  • Detached/Attached: Detached
  • Current Bldg. Use: Residential, Other Usage

Additional Structures

  • Other Structures: Other Bldg Incl

Lot Features

  • Property View: Bay View
  • Lot Size (Acres): 0.811
  • Lot Size (Sq. Ft.): 35,348
  • Frontage: Bay
  • Frontage Feet: 220
  • Street/Road Desc.: Paved Road, Paved
  • Lot Features: Cul-De-Sac Location, 3/4 To Less Than 1 Acre Lot, Fenced, Other
  • Development Status: Recorded Plat
  • Trees/Vegetation: Other Trees
  • Zoning: 2200
  • Fencing (Description): Fenced

Water Features

  • Water Front: Yes
  • Water View: Yes

Financial Considerations

  • 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
  • Inclusions: 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
2/23/2026
Listed
$27,500,000
20.35%
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.

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Listed by Douglas Elliman

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16 Palm Ave, Miami Beach, FL 33139 (MLS# A11970383) is a Residential Lots property with a lot size of 0.811 acres. 16 Palm Ave is currently listed for $27,500,000 and was received on February 23, 2026. Want to learn more about 16 Palm Ave? Do you have questions about finding other Residential Lots 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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