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$29,000,000
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Property Description
Perfectly nestled in the estates of Palm Island, a Mediterranean marvel with over 15K total SF of living space has been masterfully restored. Maintaining original architectural features, the estate boasts modern, state-of-the-art amenities + technology. Sprawling over 30K SF of lush grounds with exotic trees, fountains and 100' unobstructed waterfront, multiple scenic outdoor lounging+entertaining areas abound,including a rooftop and private deck over the water. The mansion offers 6beds 7/2bths, office, insolated movie theater, grand saloon, formal dining, cognac rm & art gallery. Chef's kitchen features 3 Wolf gas ranges+Subzero appl, enormous island, family room and 2nd dining. The guest villa has a Turkish hammam/sauna, jacuzzi,massage+gym. 2nd fl 3/2.5 living/dining/kitchen 2 elevators
Full Property Details
Full Property Details for 49 Palm Ave
General
- Sold For: $29,000,000
- Taxes: $215,744 (2024)
- Status: Closed
- Type: Single Family
- Source: Greater_Miami
- MLS ID: A11702121
- Added to Site: 691 day(s) ago
Interior
- Interior Features: Closet Cabinetry, Elevator, Entrance Foyer, French Doors, Pantry, Split Bedroom, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Florida Room, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Media Room, Sauna, Utility Room/Laundry
- Fireplace: Yes
- Fireplace(s): Fireplace
- Appliances: Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Ice Maker, Microwave, Free-Standing Freezer, Wall Oven
- Furnishings: Partially, Unfurnished
- Flooring: Marble, Wood
Rooms
Bathrooms
- Total Bathrooms: 10
- Full Bathrooms: 7
- Half Bathrooms: 3
- Primary Bathroom: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa
Bedrooms
- Total Bedrooms: 8
- Bedroom Features: Primary Bath Shower, Primary Bath Tub, Primary Bedroom Upstairs, Sitting Area - Primary Bedroom
Other Rooms
- Living Room: Den/Library/Office, Florid Sq. Ft.
- Eat-in kitchen: Yes
- Dining Room: Eat-In Kitchen, Formal Dining, Kitchen Dining
- Laundry: Utility Room/Laundry
Additional Information
- Pool: Yes
- Pool Description: In Ground, Equipment Stays, Pool/Spa Combo, 38x17
- Spa: Yes
- Security/Safety: Fire Alarm, Smoke Detector
- Equipment: Automatic Garage Door Opener, Elevator
Exterior
- Exterior Features: Lighting, Open Balcony
- Deck/Patio: Awning(s), Deck, Open Balcony
Parking
- Garage: Yes
- Garage Spaces: 8
- Covered Spaces: 8
- Parking Features: Circular Driveway, Covered, Guest
Location
- Area: Palm Island
- County: Miami-Dade County
- Subdivision: PALM ISLAND
- Building Name: PALM ISLAND
- Direction Faces: South
Community
- Community Name: Palm Island
- Gated community: Yes
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Attached, Two Story
- Structure Type: House
- Detached/Attached: Detached
- Construction: Concrete Block Construction
- Roof: Barrel Roof
- Windows: Clear Impact Glass, Complete Impact Glass, Arched Windows, Blinds, High Impact Windows
- Doors: High Impact Doors, French Doors
- Entry Location: Foyer
- Building Size: 15182
- Square Feet: 11,307
- Living Area: 11,307 Sq. Ft.
- Year Built: 1926
- Property Condition: Substantially Remodeled
Additional Structures
- Other Structures: Guest House
Lot Features
- Property View: Bay, Water
- Lot Size (Sq. Ft.): 30,000
- Frontage: Bay
- Frontage Feet: 100
- Lot Features: 1/2 To Less Than 3/4 Acre Lot
- Potential Use: Unknown/Withheld
- Zoning: 2200
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Ocean Access, Navigable Water, Seawall
Financial Considerations
- Price Per Sq. Ft.: $2,564.78
- Tax Amount: $215,744
- Tax Year: 2024
- Terms: All Cash, Conventional
Disclosures and Reports
- Legal Description: PALM ISLAND PB 6-54 LOT 14 & 20FT STRIP IN BAY BLK 1 LOT SIZE 100.000 X 300 OR 11020-577 0580 6 COC 22886-2344 12 2004 1
- Restrictions: Ok To Lease
- Inclusions: Boatlift, Private Dock, Unrestricted Salt Water Access
- Property ID: 02-42-05-001-0140
Listed by One Sotheby's International Realty
Sold by Compass Florida, LLC and Douglas Elliman
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Schools
Schools serving 49 Palm Ave
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
South Pointe Elementary School 1050 4th Street, Miami Beach, FL 33139 | PK-5 | 1.3 mi |
Nautilus Middle School 4301 N Michigan Ave, Miami Beach, FL 33140 | 6-8 | 2.9 mi |
Miami Beach Senior High School 2231 Prairie Avenue, Miami Beach, FL 33139 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 49 Palm Ave
Date
Details
Price
Change
Source
10/05/2026
Sold
$29,000,000
-19.22%
MLS
4/01/2026
Price Reduced
$35,900,000
-6.75%
MLS
12/02/2024
Listed
$38,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
49 Palm Ave, Miami Beach, FL 33139 (MLS# A11702121) is a Single Family property that was sold at $29,000,000 on October 05, 2026. Want to learn more about 49 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.

