by RH Advisors

See Home Value
$40,000,000
House - Off Market

40 Palm Ave

Miami Beach, FL 33139
bedrooms
8 Beds
bathrooms
13 Baths, 4 Half Baths
square feet
14930 Sqft
$251,890
Estimated Monthly
$0
HOA / Fees
0.90%
Cap Rate

About This Property

Discover this exquisite waterfront new construction masterpiece, designed by renowned Tropical Modern architect, Cesar Molina. The interior features are truly exceptional, with Mia Cucina cabinetry, Wolf + Subzero appliances, state-of-the-art home theatre, gym with steam & sauna.  The primary bedroom has a private patio with pool, and an incredibly large closet incl. wet bar. A rare full size rooftop terrace with elevator access is perfect for unforgettable day and nighttime gatherings overlooking the beautiful Miami Skyline.  4 car electric garage with detached upstairs guest house.  A private boat dock with 100 ft of water frontage provides a gateway to the open ocean. With its flawless craftsmanship, unrivaled amenities, & idyllic setting, this waterfront estate transcends the ordinary.
Unit Size
14,930Ft²
Days on Market
163 days
Land Size
0.73 acres
Price per sqft
$3,248
Property Type
House
Property Taxes
$13,746
HOA Dues
-
Year Built
2023
Last updated: 18 hours ago (Miami MLS #A11476859)

Price History

Date / Event Date Event Price
May 8, 2024 Sold $40,000,000
Sold
Nov 27, 2023 Listed by Compass Florida, LLC $48,500,000
Listed by Compass Florida, LLC
Nov 5, 2019 No longer available -
No longer available
Nov 3, 2019 Relisted $24,000,000
Relisted
Nov 24, 2014 Listed by Luxe Living Realty $24,000,000
Listed by Luxe Living Realty
SPACE...VOLUME...LIGHT...MAGICAL WATER VIEWS FROM NEW WATERFRONT MASTERPIECE ON 3/4 ACRE WITH 100 FEET OF WATERFRONT! Design by Ruiz Brito Architects. Double height Great Room; Formal Dining Room; Gym + Sauna + Pool Bath; Cinema; Office; Gourmet Kitchen w top-of-the-line apps; 2 Powder Rooms; Wine Room + Butler's Pantry; Maid's Room. Pavilion/BBQ area, infinity pool & lush landscape. LIVING AREA OF 10,726 sf DOES NOT INCLUDE 4 CAR GARAGE OR COVERED TERRACES. COMPLETION DATE PENDING…
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Property Highlights

Garage
Elevator
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 2023
  • Building Count: 2
  • Bedroom Count: 7
  • Bathroom Count: 9
  • Full Bathrooms: 8
  • Partial Bathrooms: 9
  • Exterior Walls Type: Concrete block
  • Floor Count: 3
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 32,000
  • Total Building Area: 14,087
  • Gross Building Area: 14,087
  • Building Area: 9,820
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 9,820
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PALM ISLAND
  • Land Acres: 0.735
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PALM ISLAND PB 6-54 LOT 30 BLK 1 & A TRACT OF LAND 20FT WIDE & ADJ ABUTTING ON THE SEAWARD SIDE OF LOT 30 LOT SIZE 32000 SQ FT OR 16284-0102 0294 1 COC 25672-4168 05 2007 1

Ownership

  • Current Owner : FK FLORIDA INVESTMENTS LLC
  • Previous Owner : 40 PALM AVE LLC
  • Owner Before Previous Owner: DUNMORE JEREMY
  • Owner Before Previous Owner 2: DUNMORE SIDNEY
  • Ownership Rights Codes: Company/Corporation
  • 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: 2200

Geography

  • Assessors Map Reference: 267
  • District: 02
  • Parcel: 02-4205-001-0270
  • Block: 1
  • Lot: 30
  • Meridian: SEC 05 TWN 54S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7776
  • Longitude: -80.1584

    Address

  • Full Address: 40 Palm Ave
  • Address - House Number: 40
  • Address - Street Name: Palm
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5138
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 11,098
  • Tax Year: 2023
  • Tax Amount: $186,581
  • Tax Rate Code Area: 200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $7,600,000
  • First Open Lien Mortgage Lender: BANCO DE CREDITO E INVERSIONES
  • First Open Lien Mortgage Recording Date: Mar 11, 2016
  • First Open Lien Mortgage Loan Amount: $7,600,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone First

    Market Valuation

  • Market Total Value: $11,200,000
  • Market Land Value: $11,200,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,905,600

    Sales

  • Current Sale Contract Date: Dec 28, 2012
  • Current Sale Recording Date: Feb 20, 2013
  • Current Sale Transaction ID: 1074929822
  • Current Sale Price: $5,400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2013R0138306
  • Previous Sale Recording Date: Jun 05, 2007
  • Previous Sale Contract Date: May 25, 2007
  • Previous Sale Amount: $4,000,000
  • 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
9 Beds
15 Baths
15,132 ft²
$3,271/ft²
$49,500,000 Jun 9, 2021
-
$11,331/mo
House
9 Beds
9 Baths
-
$43,000,000 Aug 16, 2023
-
$20,228/mo

About Star, Palm and Hibiscus Islands


Similar Homes for Sale

Unit for sale at 30 Palm Avenue, Miami Beach, FL 33139

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Unit for sale at 130 Palm Avenue, Miami Beach, FL 33139

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Frequently Asked Questions

When was property at 40 Palm Avenue built and last sold?
The property at 40 Palm Avenue was built in 2023 and last sold on Dec 28, 2012 for $5,400,000.
How much is this home worth?
The estimated value of the home located at 40 Palm Avenue is $48,985,000.
What are some comparable homes to 40 Palm Avenue?
Homes that are comparable to 40 Palm Avenue include a house property at 130 Palm Avenue, 30 Palm Avenue, which are both great to check out.

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