Miami Beach

33139

Star, Palm and Hibiscus Islands

254 Palm Ave

1 / 6

Map

$7,241,940*

● House - Off Market

254 Palm Ave

Miami Beach, FL 33139

5 Beds

6 Baths, 1 Half Bath

$5,126,000 - $6,264,000

Reference Base Price*

27.16%

Since Nov 1, 2021

FL-Miami

Primary Model

About This Property

Brand new modern masterpiece located on the exclusive Palm Island! Stunning 5 bedroom home designed by award winning architect Max Strang. This 4,886 SF home is situated on an oversized 9,600 SF corner lot with gated entry, a two car garage, private pool surrounded by lush tropical landscape with southern exposure, and a 500+ SF rooftop deck offering incredible views of the skyline and bay. This residence has been designed to perfection featuring sleek interior finishes throughout, a large open floor plan and functional indoor-outdoor living. Palm Island offers 24/7 gated security, lighted basketball courts, tennis courts, and children's playground. Amazing location just minutes from South Beach and Downtown. Project is currently under construction. Delivered March 2022.

Unit Size

Days on Market

Land Size

0.22 acres

Price per sqft

Property Type

House

Property Taxes

HOA Dues

Year Built

Price History

Date / Event	Date	Event
Oct 26, 2021	No longer available	-
No longer available
Sep 21, 2021	Price Increased	$5,695,000 ↑ $400K (7.6%)
Price Increased
Jun 26, 2021	Price Increased	$5,295,000 ↑ $345K (7%)
Price Increased
Apr 6, 2021	Price Increased	$4,950,000 ↑ $155K (3.2%)
Price Increased
Feb 23, 2021	Price Increased	$4,795,000 ↑ $100K (2.1%)
Price Increased
Feb 12, 2021	No longer available	-
No longer available
Feb 11, 2021	Listed	$4,695,000
Listed
Oct 22, 2020	Price Increased	$2,095,000 ↑ $296K (16.5%)
Price Increased
Jul 15, 2020	Listed	$1,799,000
Listed

	Ready to build in one of South Florida's most desirable neighborhoods. Great value on this rare 9,600 SF vacant corner lot with approved and permitted plans designed by award winning architect Max Strang. The proposed two-story home is 4,430 SF, 4 bedrooms 4.5 bathroom with a 2 car garage, private pool and 535 SF roof top deck offering incredible views of the Miami skyline and bay. Palm Island, one of Miami Beach's most prestigious islands, offers 24/7 gated security, lighted basketball… One Sotheby's International Realty
Jul 3, 2020	No longer available	-
No longer available
Mar 8, 2020	Relisted	$2,095,000
Relisted
Mar 7, 2020	No longer available	-
No longer available
Sep 6, 2019	No longer available	-
No longer available
Sep 4, 2019	Listed	$2,095,000
Listed

	Ready to build- vacant lot with approved and permitted plans designed by award winner Max Strang. Hard to find triple exposure lot (North, South, East) captures bay breezes and sunlight. Size is 9,600 SF (120x80). Proposed home is 4,430 SF (1st flr - 2,280 SF, 2nd flr - 2,150 SF, 2 car garage 500 SF, roof deck 535 SF). Unique views of Miami skyline and bay from rooftop. Home faces new landscaped plaza and walkway. Totally restored Palm Island offers 24/7 gated security, lighted tennis… One Sotheby's International Realty
Jul 17, 2019	Listed	$5,500,000
Listed

	Ready to build- vacant lot with approved and permitted plans designed by award winner Max Strang. Hard to find triple exposure lot (North, South, East) captures bay breezes and sunlight. Size is 9,600 SF (120x80). Proposed home is 4,430 SF (1st flr - 2,280 SF, 2nd flr - 2,150 SF, 2 car garage 500 SF, roof deck 535 SF). Unique views of Miami skyline and bay from rooftop. Home faces new landscaped plaza and walkway. Totally restored Palm Island offers 24/7 gated security, lighted tennis… One Sotheby's International Realty
Jun 24, 2019	Listed	$2,095,000
Listed

	Ready to build- vacant lot with approved and permitted plans designed by award winner Max Strang. Hard to find triple exposure lot (North, South, East) captures bay breezes and sunlight. Size is 9,600 SF (120x80). Proposed home is 4,430 SF (1st flr - 2,280 SF, 2nd flr - 2,150 SF, 2 car garage 500 SF, roof deck 535 SF). Unique views of Miami skyline and bay from rooftop. Home faces new landscaped plaza and walkway. Totally restored Palm Island offers 24/7 gated security, lighted tennis… One Sotheby's International Realty
Jun 20, 2019	No longer available	-
No longer available
Oct 6, 2018	Price Increased	$2,295,000 ↑ $2M (876.6%)
Price Increased
Sep 10, 2018	Relisted	$235,000
Relisted
Sep 5, 2018	No longer available	-
No longer available
Mar 14, 2018	Listed	$235,000
Listed

	VACANT LOT w/APPROVED & PERMITTED PLANS.Through contemporary edge and timeless design,this modern residence seamlessly combines nature with luxury living.Through the masterfully designed spaces&landscape, 254 Palm is exceptionally crafted in every detail.Ideal for indoor-outdoor living, it is part of one of the most exclusive and luxurious man-made islands, Palm Island.With privacy & comfort of utmost importance, Palm Island offers security 24 hours a day.Offering a tranquil… Douglas Elliman

Property Highlights

Air Conditioning

Comparables

291 Palm Avenue

Active

House

4 Beds

4.5 Baths

2,741 ft²

$2,005/ft²

$5,495,000 May 11, 2023

$4,646/mo

Past Sales

Date	Beds	Baths	Sqft	Price	Closed	Owner	Listed By
20210211 02/11/2021	5 Bed	6 Bath	-	$4,695,000 5 Bed 6 Bath	- -	-	Mallory McGuire One Sotheby's International Re
20200715 07/15/2020	Studio	-	-	$1,799,000 Studio -	- -	-	Mallory McGuire One Sotheby's International Re
20190624 06/24/2019	Studio	-	-	$2,095,000 Studio -	- -	-	Allan Kleer One Sotheby's International Realty
20180314 03/14/2018	Studio	-	-	$235,000 Studio -	- -	-	Darin Tansey Douglas Elliman