April 7, 2016 | In the News
Coldwell Banker’s The Jills® Sell Balinese-Style Waterfront Estate at 85 Palm Ave. for $13.9 Million, Highest Sale on Palm & Hibiscus Is-lands in 2015 & 2016
MIAMI (April 7, 2016) — The Jills®, Coldwell Banker’s No. 1 agent team in sales volume worldwide for the fifth consecutive year, have achieved the highest sale price on Miami Beach’s Palm Island and Hibiscus Island in 2015 and to date in 2016: They have sold the ultra-luxury waterfront estate at 85 Palm Ave. for $13.9 million. Located in the exclusive Palm Island community, the 9,708-square-foot estate, featuring a modern Balinese design, is situated on a sprawling 30,000-square-foot lot overlooking Biscayne Bay and the neighboring Hibiscus Island.
Built in 2012, the eight-bedroom, eight and two half-bathroom estate features a unique floor plan with three distinct structures, connected by elegant wood loggias. The bright and spacious open layout incorporates indoor and outdoor spaces, as well as lush tropical landscaping. Exotic woods and stones are featured throughout the majestic property, which features an imported grand staircase, as well as soaring ceilings, custom built-ins, designer fixtures and world-class finishes.
The master suite boasts a spacious closet, as well as an expansive terrace overlooking Biscayne Bay. Ideal for entertaining, the estate features a marble-clad pool, outdoor bar carved from volcanic rock, and a large boat dock with two lifts.
“This stunning property is the pinnacle of luxury living in Miami Beach,” said Jill Hertzberg of The Jills, who listed the property. “With its Balinese design, it evokes the look and feel of an island resort. As one of the most elegant and unique properties on Palm Island, we are very pleased to have sold this breathtaking estate.”
“A tropical paradise, this estate gives one the feel of being on vacation every day,” said Jill Eber of The Jills. “It’s in the perfect location between South Beach and downtown Miami. Plus, it’s ideal for boaters, as it’s five minutes from the ocean.”