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$26,000,000
↑ $1.1M (4.4%)
●
House -
For Sale
4241 Palm Ln
Miami, FL 33137
6 Beds
7 Baths
6,334 Ft²
$140,397
Est. Monthly
$393
HOA / Fees
-0.35%
Cap Rate
About This Property
CASA EXUMAS – A Boater's Dream and a true Miami lifestyle
experience. Nestled in the exclusive, gated
community of Bay Point, this luxurious, modern tropical waterfront residence offers approx. 85 ft of water
frontage, a private dock and direct access to Biscayne Bay. Enjoy high-end finishes, including spacious living
room with 25-foot ceilings, sleek fireplace, formal dining room with wine cellar, family room, & gourmet kitchen.
Six generous bedrooms feature private bathrooms and walk-in closets, including office and maid's quarters.
Exteriors include a double-height, air-conditioned 3-car garage with car lift, 5-car motor court, infinity-edge pool,
jacuzzi, summer kitchen, Ipe wood deck surrounded by tropical landscaping. Smart home system & generator.
Private financing available.
community of Bay Point, this luxurious, modern tropical waterfront residence offers approx. 85 ft of water
frontage, a private dock and direct access to Biscayne Bay. Enjoy high-end finishes, including spacious living
room with 25-foot ceilings, sleek fireplace, formal dining room with wine cellar, family room, & gourmet kitchen.
Six generous bedrooms feature private bathrooms and walk-in closets, including office and maid's quarters.
Exteriors include a double-height, air-conditioned 3-car garage with car lift, 5-car motor court, infinity-edge pool,
jacuzzi, summer kitchen, Ipe wood deck surrounded by tropical landscaping. Smart home system & generator.
Private financing available.
Unit Size
6,334 Ft²
Days on Market
433 days
Land Size
0.35 acres
Price per sqft
$4,105
Property Type
House
Property Taxes
$12,340
HOA Dues
$393
Year Built
2011
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 23 days ago (Miami MLS #A11842186)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Price Increased |
$26,000,000
↑ $1M
(4.4%) | |
| Price Increased | |||
| Jul 27, 2025 | Listed by Coldwell Banker Realty | $24,900,000 | |
| Listed by Coldwell Banker Realty | |||
| Jan 4, 2025 | No longer available | - | |
| No longer available | |||
| Dec 11, 2024 | Price Decreased |
$18,900,000
↓ $850K
(4.3%) | |
| Price Decreased | |||
| Nov 9, 2024 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway, Guest
Garage Spaces: 3
Interior Details
Full Bathrooms: 7
Interior Features: Built-in Features, First Floor Entry, Den/Library/Office
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Gas Range, Microwave, Refrigerator, Washer
Flooring Type: Marble
Door Features: High Impact Doors
Exterior Details
Square Footage: 6334
Security Features: Smoke Detector(s)
Architectural Style: Attached, Two Story
Year Built: 2011
Waterfront Features: Ocean Access, Canal Front, Canal Width 81-120 Feet, No Fixed Bridges
Building Name: BAY POINT
Building Area Total: 7235
Building Area Units: Square Feet
Window Features: Blinds, Complete Impact Glass, High Impact Windows
Construction Materials: CBS Construction
Patio and Porch Features: Deck
Pool Features: In Ground, Heated, Equipment Stays
Lot Features: 1/4 To Less Than 1/2 Acre Lot
Lot Size Area: 15300
Lot Size Units: Square Feet
Lot Size Acres: 0.351
Lot Size Square Feet: 15300
Water Source: Municipal Water
Financial Details
Tax Annual Amount: $148,074
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA Fee: $4,711
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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HOA + Taxes
About Northern Miami
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Listed by: Ana Teresa Rodriguez
Coldwell Banker Realty
Last Updated: 23 days ago
Data Source: Miami MLS, MLS# A11842186
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Coldwell Banker Realty
Last Updated: 23 days ago
Data Source: Miami MLS, MLS# A11842186
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017