See Home Value
$30,509,571*
House - Off Market

120 Palm Ave

Miami Beach, FL 33139
bedrooms
6 Beds
bathrooms
6.5 Baths, 1 Half Bath
square feet
6014 Sqft
$27,000,000 - $33,000,000
Reference Base Price*
1.70%
Since Aug 1, 2023
FL-Miami
Primary Model
Sold Nov 26, 2013
$7,500,000
$3,570,000 by Bank Of America Na
Mortgage Due Aug 01, 2051
Sold Jan 15, 2002
$2,800,000

About This Property

Located on prestigious Palm Island, one of Miami Beach's most sought after neighborhoods.  This elegant property retains its authentic character, yet has modern updates perfect for entertaining. This 6 spacious bedroom estate features gorge ous woodwork in the living room, a theater, gym and sunroom. The exterior terraces overlook the 100ft water frontage which leads to direct ocean access. This magnificent estate also has amazing views of Downtown Miami Skyline.

The manager has listed the unit size as 6014 square feet.
Unit Size
6,014Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$4,988
Property Type
House
Property Taxes
$10,278
HOA Dues
-
Year Built
1934

Price History

Date / Event Date Event Price
Jul 27, 2023 No longer available -
No longer available
Jul 25, 2023 Relisted $30,000,000
Relisted
Apr 15, 2023 No longer available -
No longer available
Dec 14, 2022 Price Increased $30,000,000
↑ $2M (7.1%)
Price Increased
Feb 2, 2022 Relisted $28,000,000
Relisted
Show More

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 2
  • 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: 100,000
  • Total Building Area: 7,524
  • Gross Building Area: 7,524
  • Building Area: 6,508
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,508
  • 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 40 & 20FT STRIP ADJ IN BAY BLK 1 LOT SIZE 100.000 X 300 OR 20139-3477 01 2002 1

Ownership

  • Current Owner : TAMAYO EDMUNDO
  • Previous Owner : SARRIA FRANCISCO
  • Previous Owner 2: SARRIA JOHANNA
  • Owner Before Previous Owner: MARK A PHILLIPPOUSSIS I
  • 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: 02-4205-001-0351
  • Block: 1
  • Lot: 40
  • Meridian: SEC 05 TWN 54S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7789
  • Longitude: -80.1612

    Address

  • Full Address: 120 Palm Ave
  • Address - House Number: 120
  • Address - Street Name: Palm
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5140
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 6,621
  • Tax Year: 2023
  • Tax Amount: $130,169
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,570,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Aug 04, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,570,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $11,640,532
  • Market Land Value: $10,500,000
  • Market Improvement Value: $1,140,532

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,774,845

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 18, 2013
  • Current Sale Recording Date: Nov 26, 2013
  • Current Sale Transaction ID: 1074934994
  • Current Sale Price: $7,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2013R0932585
  • Previous Sale Recording Date: Jan 15, 2002
  • Previous Sale Amount: $2,800,000
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
6.5 Baths
5,888 ft²
$4,755/ft²
$27,999,000 Jul 13, 2023
-
$3,082/mo
House
6 Beds
6.5 Baths
7,696 ft²
$3,898/ft²
$30,000,000 Jun 7, 2022
-
$8,019/mo
House
6 Beds
6.5 Baths
9,209 ft²
$3,203/ft²
$29,500,000 May 15, 2021
-
$14,720/mo
House
5 Beds
7 Baths
6,090 ft²
$4,926/ft²
$30,000,000 Aug 8, 2021
-
$14,078/mo
House
4 Beds
4.5 Baths
5,501 ft²
$4,636/ft²
$25,500,000 Jan 21, 2023
-
$20,250/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 120 Palm Avenue built and last sold?
The property at 120 Palm Avenue was built in 1934 and last sold on Nov 18, 2013 for $7,500,000.
How much is this home worth?
The estimated value of the home located at 120 Palm Avenue is $30,300,000.
What are some comparable homes to 120 Palm Avenue?
There are currently no comparable homes to 120 Palm Avenue.

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