See Home Value
$5,259,382*
House - Off Market

250 Palm Ave

Miami Beach, FL 33139
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5030 Sqft
$3,105,000 - $3,793,000
Reference Base Price*
52.49%
Since Mar 1, 2021
FL-Miami
Primary Model
Sold Mar 15, 2021
$3,425,000
Sold Jun 24, 2016
$1,800,000

About This Property

Beautiful and impeccably renovated home located on the exclusive Palm Island! This 5 bedroom 4.5 bathroom home is situated on an oversized 9,000 SF lot with a beautiful pool and expansive back yard. It has been completely remodeled and offers sleek interior finishes throughout, a large private master suite, spacious built out closets, two car garage, a beautiful fireplace and a first floor home office. The spacious living areas, hidden chefs kitchen and functional indoor-outdoor style living make it the perfect home for entertaining.  Palm Island offers 24/7 gated security, lighted basketball courts, tennis courts and children's playground. Great opportunity to live in one of Miami Beach's most desirable gated communities centrally located between South Beach and Downtown.

The manager has listed the unit size as 5030 square feet.
Unit Size
5,030Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$686
Property Type
House
Property Taxes
$3,272
HOA Dues
-
Year Built
1994

Price History

Date / Event Date Event Price
Mar 15, 2021 Sold to Kevin P Fitzgerald, Kevin P... $3,425,000
Sold to Kevin P Fitzgerald, Kevin P...
Feb 17, 2021 No longer available -
No longer available
Aug 16, 2020 Listed $3,449,000
Listed
Aug 3, 2020 No longer available -
No longer available
Oct 5, 2019 Price Decreased $3,499,000
↓ $251K (6.7%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • 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 & spa (both)

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 5,030
  • Gross Building Area: 5,030
  • Building Area: 4,216
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,216
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVIERA 1ST & 2ND ADDN AMD
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIVIERA 1ST & 2ND ADDN AMD PB 32-37 LOT 3 & E1/2 LOT 2 BLK E 2 LOT SIZE 75.000 X 120 OR 16180-2670 1293 4

Ownership

  • Current Owner : FITZGERALD KEVIN PETER
  • Current Owner 2: FITZGERALD KEVIN P
  • Previous Owner : LALANI SHAMSUDDIN
  • Previous Owner 2: MELTON MARY PARVATI
  • Owner Before Previous Owner: TROMBLY RYAN S
  • Owner Before Previous Owner 2: TROMBLY LIONA
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 267
  • District: 02
  • Parcel: 02-4205-002-0770
  • Block: E 2
  • Lot: 3,2
  • Meridian: SEC 05 TWN 54S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.781
  • Longitude: -80.1657

    Address

  • Full Address: 250 Palm Ave
  • Address - House Number: 250
  • Address - Street Name: Palm
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5185
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 4,246
  • Tax Year: 2023
  • Tax Amount: $58,405
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1819
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 5,017,078
  • High Value: 5,930,004
  • Low Value: 4,104,151

    Market Valuation

  • Market Total Value: $3,496,236
  • Market Land Value: $2,294,892
  • Market Improvement Value: $1,201,344

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,977,152

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 10, 2021
  • Current Sale Recording Date: Mar 15, 2021
  • Current Sale Transaction ID: 11826632993
  • Current Sale Price: $3,425,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0182897
  • Previous Sale Recording Date: Jun 24, 2016
  • Previous Sale Contract Date: Jun 20, 2016
  • Previous Sale Amount: $1,800,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BBVA USA
  • First Mortgage Transaction Date: Mar 15, 2021
  • First Mortgage Loan Amount: $2,740,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
3 Baths
3,124 ft²
$944/ft²
$2,950,000 Nov 9, 2023
$2,950,000 Mar 20, 2024
$3,226/mo
House
3 Beds
3 Baths
1,774 ft²
$1,592/ft²
$2,825,000 Dec 20, 2023
$2,825,000 Feb 29, 2024
$1,703/mo
Condo
3 Beds
4 Baths
2,826 ft²
$1,239/ft²
$3,500,000 Aug 14, 2023
$3,500,000 Sep 15, 2023
$6,047/mo
Condo
3 Beds
3 Baths
2,345 ft²
$1,397/ft²
$3,275,000 Dec 6, 2023
$3,275,000 Mar 22, 2024
$1,073/mo
Condo
2 Beds
3 Baths
1,910 ft²
$1,754/ft²
$3,350,000 Nov 29, 2023
$3,350,000 Feb 29, 2024
$7,457/mo
Condo
2 Beds
3 Baths
1,764 ft²
$1,757/ft²
$3,100,000 Aug 15, 2023
$3,100,000 Feb 14, 2024
$2,749/mo
House
4 Beds
4 Baths
2,379 ft²
$1,345/ft²
$3,200,000 Jan 17, 2024
-
$3,293/mo
House
4 Beds
4 Baths
2,390 ft²
$1,253/ft²
$2,995,000 Sep 16, 2023
-
$3,012/mo
House
4 Beds
3 Baths
2,243 ft²
$1,337/ft²
$2,999,999 Mar 7, 2024
-
$1,482/mo
House
4 Beds
3 Baths
1,534 ft²
$2,282/ft²
$3,500,000 Aug 4, 2023
-
$2,098/mo
House
3 Beds
2 Baths
1,991 ft²
$1,984/ft²
$3,950,000 Mar 20, 2024
-
$2,664/mo
Condo
2 Beds
3 Baths
1,380 ft²
$2,536/ft²
$3,500,000 Oct 26, 2023
-
$4,515/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 250 Palm Avenue built and last sold?
The property at 250 Palm Avenue was built in 1994 and last sold on Mar 10, 2021 for $3,425,000.
How much is this home worth?
The estimated value of the home located at 250 Palm Avenue is $3,482,243.
What are some comparable homes to 250 Palm Avenue?
There are currently no comparable homes to 250 Palm Avenue.

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