See Home Value
$8,003,764*
Land - Off Market

291 N Coconut Ln

Miami Beach, FL 33139
bedrooms
Studio
bathrooms
0 Bath
$6,998,000 - $8,552,000
Reference Base Price*
2.94%
Since Jul 1, 2023
FL-Miami
Primary Model
Sold Jun 08, 2015
$3,955,000
Sold Nov 20, 2012
$1,875,000

About This Property

Irreplaceable opportunity to build a tropical modern masterpiece on the best 7,000sf lot in prestigious police-guarded Palm Island. Perfectly nestled between South Beach and Downtown Miami yet benefiting from the utmost privacy. Only lot of its size where 50ft waterfront opens past Hibiscus to the Venetians offering beautiful wide views. Features newly completed 500sf Ipe dock, elevated seawall and retaining wall. Includes complete full set of plans for a new single family home conceived by Owade Development + Design with Praxis Architecture. Enjoy on-island tennis and basketball courts, playground when not strolling or cycling through lush palm tree-lined walkways in this MBPD-secured enclave.The Island recently completed a 5yr modernization of all roads, water systems and infrastructure.
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4,856
HOA Dues
-
Year Built
1970

Price History

Date / Event Date Event Price
Jun 15, 2023 No longer available -
No longer available
Nov 17, 2022 Listed $14,400,000
Listed
Best 7,000sf view lot with oversized 500sq ft dock in prestigious police-guarded Palm Island. This architectural travertine clad home has 4 beds, 5 baths and a rooftop deck with unobstructed panoramic views of Downtown to South Beach. Purchase newly constructed and elevated home with estimated 2024 completion by Owade Development + Design with Praxis Architecture:curate your dream home, choose its finishes and have this tropical modern masterpiece built to your taste by seller / developer…
Jun 27, 2022 Listed $7,775,000
Listed

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,559
  • Gross Building Area: 2,559
  • Building Area: 1,901
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,901
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: RIVIERA 1ST & 2ND ADDN AMD
  • Land Acres: 0.161
  • Standard Land Use Code: Residential-vacant land
  • Legal Description 1: 32 53 42 & 5 54 42 PB 32-37 RIVIERA 1ST & 2ND ADDN AMD LOT 8 & 20FT STRIP ADJ BLK 2A LOT SIZE 50.000 X 140 OR 12151-1743 0584 4

Ownership

  • Current Owner : OWADE DIANE DREYFUSS
  • Previous Owner : SMITH LINDSAY B
  • Owner Before Previous Owner: KEARBEY MONA L
  • 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: 02-4205-002-0080
  • Block: 2A
  • Lot: 8,S
  • Meridian: SEC 05 TWN 54S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7826
  • Longitude: -80.1666

    Address

  • Full Address: 291 N Coconut Ln
  • Address - House Number: 291
  • Street Direction: N
  • Address - Street Name: Coconut
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5161
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 2,261
  • Tax Year: 2023
  • Tax Amount: $78,039
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1839
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 6,577,172
  • High Value: 7,786,947
  • Low Value: 5,367,397

    Market Valuation

  • Market Total Value: $4,836,325
  • Market Land Value: $4,340,000
  • Market Improvement Value: $496,325

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,502,019

    Sales

  • Current Sale Contract Date: May 26, 2015
  • Current Sale Recording Date: Jun 08, 2015
  • Current Sale Transaction ID: 1215898161
  • Current Sale Price: $3,955,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015R0365232
  • Previous Sale Recording Date: Nov 20, 2012
  • Previous Sale Contract Date: Nov 07, 2012
  • Previous Sale Amount: $1,875,000
  • 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
5 Beds
6.5 Baths
5,642 ft²
$1,498/ft²
$8,450,000 Sep 7, 2022
-
$7,936/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 291 North Coconut Lane built and last sold?
The property at 291 North Coconut Lane was built in 1970 and last sold on May 26, 2015 for $3,955,000.
How much is this home worth?
The estimated value of the home located at 291 North Coconut Lane is $14,427,782.
What are some comparable homes to 291 North Coconut Lane?
There are currently no comparable homes to 291 North Coconut Lane.

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