by RH Advisors

Check Availability
$5,795,000
↑ $200K (3.6%)
House - For Sale

291 Palm Ave

Miami Beach, FL 33139
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
2741 Sqft
$31,767
Estimated Monthly
$0
HOA / Fees
2.41%
Cap Rate

About This Property

Brand new modern masterpiece coming soon to the exclusive Palm Island! Comprised of 4 en-suite bedrooms, this 3,077-sf residence has been designed to perfection featuring sleek interior finishes, an open floor plan and functional indoor-outdoor living. Other features include parking court and garage,private pool surrounded by lush landscape and a 370 Sqft rooftop deck offering incredible views of the skyline and bay. Palm Island offers 24/7 police gated security,lighted basketball/tennis courts, and children's playground. Centrally located just minutes from South Beach, Downtown, Miami airport, and the best dining/social scenes. This is the only non-waterfront new construction available on Palm Island. Currently under construction. Est completion Q3/Q4 2024. Price is for the finished home.
Unit Size
2,741Ft²
Days on Market
147 days
Land Size
0.14 acres
Price per sqft
$2,114
Property Type
House
Property Taxes
$3,313
HOA Dues
-
Year Built
1935
Listed By
Mallory McGuire
One Sotheby's International Re
Mirce Curkoski
One Sotheby's International Re
Last updated: 3 months ago (Miami MLS #A11494470)

Price History

Date / Event Date Event Price
Feb 23, 2024 Price Increased $5,795,000
↑ $200K (3.6%)
Price Increased
Dec 4, 2023 Listed by One Sotheby's International Re $5,595,000
Listed by One Sotheby's International Re
Nov 2, 2023 No longer available -
No longer available
Oct 5, 2023 Price Increased $5,595,000
↑ $100K (1.8%)
Price Increased
May 10, 2023 Listed by One Sotheby's International Re $5,495,000
Listed by One Sotheby's International Re
Brand new modern masterpiece coming soon to the exclusive Palm Island! Comprised of 4 en-suite bedrooms, this 3,077 sf residence has been designed to perfection featuring sleek interior finishes, an open floor plan and functional indoor-outdoor living. Other features include parking court and garage, private pool surrounded by lush landscape & a 370 Sqft rooftop deck offering incredible views of the skyline and bay. Palm Island offers 24/7 police gated security, lighted…
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Property Highlights

Garage
Air Conditioning
Parking Details
Parking Features: Other
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 4

Bedroom Information

Bedrooms: 4
Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs

Interior Information

Interior Features: First Floor Entry, Other
Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Refrigerator, Washer
Flooring Type: Other

Room Information

Living Room Features: Other

Building Info

Overview

    General

  • Year Built: 1935
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,018
  • Total Building Area: 3,661
  • Gross Building Area: 3,661
  • Building Area: 2,741
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,741
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: RIVERA 1ST & 2ND ADDN AMD
  • Land Acres: 0.138
  • Legal Description 1: RIVERA 1ST & 2ND ADDN AMD PB 32-37 LOT 55 & PORT OF LOT 56 DESC BEG SELY COR OF LOT 56 TH N 13 DEG E 70FT WLY AD 14.75FT S 08 DEG W 70FT SELY AD 8.68FT TO POB BLK 2-B LOT SIZE 6017.5 SQ FT M/L FAU 02-4205-002-0460

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • Census Tract: 004102

Zoning

  • Zoning: 0100

Geography

  • Parcel: 02-4205-002-0465
  • Lot: 55,56
  • Municipality: MIAMI BEACH
  • Latitude: 25.7823
  • Longitude: -80.1672

    Address

  • Full Address: 291 Palm Ave
  • Address - House Number: 291
  • Address - Street Name: Palm
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5141
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 2,961
  • Tax Year: 2023
  • Tax Amount: $39,750
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1354
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 3,013,948
  • High Value: 3,422,290
  • Low Value: 2,605,607

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,050,000
  • First Open Lien Mortgage Lender: UNIVERSAL PRIVATE LOANS LLC
  • First Open Lien Mortgage Recording Date: Sep 07, 2023
  • First Open Lien Mortgage Loan Amount: $2,050,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown

    Market Valuation

  • Market Total Value: $2,105,304
  • Market Land Value: $1,534,462
  • Market Improvement Value: $570,842

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,862,796

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
4 Beds
5 Baths
2,974 ft²
$1,244/ft²
$3,700,000 Apr 21, 2023
$3,700,000 Oct 27, 2023
$4,195/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 291 Palm Avenue built and last sold?
The property at 291 Palm Avenue was built in 1935 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 291 Palm Avenue is $6,011,218.
What are some comparable homes to 291 Palm Avenue?
Homes that are comparable to 291 Palm Avenue include a condo property at 400 Alton Road, located in Miami Beach, FL.

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