by RH Advisors

See Home Value
$27,999,000
House - Off Market

117 Palm Ave

Miami Beach, FL 33139
bedrooms
6 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
5888 Sqft
$28,069,617
RealtyHop Estimate
0.25%
Since Nov 1, 2023
FL-Miami
Primary Model

About This Property

Discover your dream home in the prestigious Palm Island. This residence offers an unbeatable location, ensuring utmost privacy & exclusivity. W its impressive structure & spacious rooms, it feels like a sprawling 2story house. Generous rooms, office & gym, it caters to all your needs. Seamless integration of indoor/outdoor living spaces makes it an entertainer's paradise. Enjoy Mediterranean aesthetics, showcasing classic artisan work & intricate details, reminiscent of Palm Beach. For those w contemporary taste, the potential for cosmetic changes is limitless. Boaters will love the 100 ft of water frontage w direct ocean access + floating dock currently accommodating 2 40' boats w lifts + option to reconfigure the dock for an 85' boat.Ideal for immediate living or your future dream home.
Unit Size
5,888Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$4,755
Property Type
House
Property Taxes
$3,082
HOA Dues
-
Year Built
1971
Last updated: 6 months ago (Miami MLS #A11415426)

Price History

Date / Event Date Event Price
Oct 11, 2023 No longer available -
No longer available
Jul 10, 2023 Listed by Douglas Elliman $27,999,000
Listed by Douglas Elliman
Mar 2, 2023 No longer available -
No longer available
Sep 20, 2022 Listed by Douglas Elliman $29,500,000
Listed by Douglas Elliman
Welcome to the perfect pairing of Palm Beach and Palm Island. Set on a lush 30,000 SF, this one story masterpiece is set in the one and only Palm Island. Featuring 6 bedrooms, 6/1 bathrooms, a grand 35 foot high entrance with water views, expansive covered terrace perfect for outdoor entertaining, one-of-a-kind tiled pool and 100 feet of water frontage w unique floating dock to enjoy sunsets plus direct ocean access. Gated and guarded by City of Miami Beach Police, Palm Island is one of…
Jun 3, 2022 No longer available -
No longer available
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 30,000
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 8,266
  • Gross Building Area: 8,266
  • Building Area: 5,888
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,888
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PALM ISLAND
  • Land Acres: 0.689
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PALM ISLAND PB 6-54 LOT 5 & 20FT STRIP IN BAY ADJ BLK 1 LOT SIZE 100.000 X 300 OR 14236-1348 0889 1

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004102

Zoning

  • Zoning: 2200

Geography

  • Assessors Map Reference: 267
  • District: 02
  • Parcel: 02-4205-001-0050
  • Block: 1
  • Lot: 5
  • Meridian: SEC 05 TWN 54S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7797
  • Longitude: -80.1607

    Address

  • Full Address: 117 Palm Ave
  • Address - House Number: 117
  • Address - Street Name: Palm
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5139
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 6,989
  • Tax Year: 2023
  • Tax Amount: $38,882
  • Tax Rate Code Area: 200

    Market Valuation

  • Market Total Value: $11,719,107
  • Market Land Value: $10,500,000
  • Market Improvement Value: $1,219,107

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,943,996

    Exemptions

  • Homeowner Exemption: Yes



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
7 Baths
6,090 ft²
$4,926/ft²
$30,000,000 Aug 8, 2021
-
$14,078/mo
House
6 Beds
6.5 Baths
9,209 ft²
$3,203/ft²
$29,500,000 May 15, 2021
-
$14,720/mo
House
9 Beds
6 Baths
5,774 ft²
$5,369/ft²
$31,000,000 Jul 11, 2023
-
$17,904/mo
House
4 Beds
5.5 Baths
3,756 ft²
$7,055/ft²
$26,500,000 Mar 17, 2023
-
$10,828/mo
Land
Loft
-
-
$30,000,000 Jan 28, 2022
-
$16,145/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 117 Palm Avenue built and last sold?
The property at 117 Palm Avenue was built in 1971 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 117 Palm Avenue is $28,278,990.
What are some comparable homes to 117 Palm Avenue?
There are currently no comparable homes to 117 Palm Avenue.

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