When was property at 49 Palm Avenue built and last sold?

The property at 49 Palm Avenue was built in 1926 and last sold on Dec 1, 2004 for $4,870,000.

How much is this home worth?

The estimated value of the home located at 49 Palm Avenue is $36,259,000.

What are some comparable homes to 49 Palm Avenue?

There are currently no comparable homes to 49 Palm Avenue.

Miami Beach

33139

Star, Palm and Hibiscus Islands

49 Palm Ave

Sold on Oct 5, 2026

Map

$29,000,000

● House - Off Market

49 Palm Ave

Miami Beach, FL 33139

8 Beds

7 Baths, 3 Half Baths

11,307 Ft²

$194,254

Est. Monthly

0.03%

Cap Rate

About This Property

Perfectly nestled in the estates of Palm Island, a Mediterranean marvel with over 15K total SF of living space has been masterfully restored. Maintaining original architectural features, the estate boasts modern, state-of-the-art amenities + technology. Sprawling over 30K SF of lush grounds with exotic trees, fountains and 100' unobstructed waterfront, multiple scenic outdoor lounging+entertaining areas abound,including a rooftop and private deck over the water. The mansion offers 6beds 7/2bths, office, insolated movie theater, grand saloon, formal dining, cognac rm & art gallery. Chef's kitchen features 3 Wolf gas ranges+Subzero appl, enormous island, family room and 2nd dining. The guest villa has a Turkish hammam/sauna, jacuzzi,massage+gym. 2nd fl 3/2.5 living/dining/kitchen 2 elevators

Unit Size

11,307 Ft²

Days on Market

672 days

Land Size

0.69 acres

Price per sqft

$3,175

Property Type

House

Property Taxes

$17,979

HOA Dues

Year Built

1926

Payment Calculator

Cap Rate Calculator

Last updated: 28 days ago (Miami MLS #A11702121)

Price History

Date / Event	Date	Event
Oct 5, 2026	Sold	Premium
Sold
Sep 11, 2026	Price Decreased	$35,900,000 ↓ $3M (6.8%)
Price Decreased
Dec 2, 2024	Listed by One Sotheby's International Realty	$38,500,000
Listed by One Sotheby's International Realty
Dec 8, 2004	Sold	Premium
Sold

Property Highlights

Elevator

Parking Available

Air Conditioning

Fireplace

With View

Building Info

Overview

General

Year Built: 1926

Effective Year Built: 1926
Building Count: 2
Bedroom Count: 8
Bathroom Count: 6
Full Bathrooms: 6
Partial Bathrooms: 6
Building Condition: 0
Building Quality: 7
Construction Type: 4
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Count: 200
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 24
Porch Type: 0
Pool Type: 8

Dimensions

Lot Size Square Feet: 30,000

Lot Size Depth Feet: 3,000
Lot Size Frontage Feet: 1,000
Total Building Area: 11,347
Gross Building Area: 11,347
Building Area: 9,298
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 9,298
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: PALM ISLAND
Land Acres: 0000000689
Standard Land Use Code: 1001
County Land Use Code: 0101
State Land Use Code: 001
Legal Description 1: PALM ISLAND PB 6-54 LOT 14 & 20FT STRIP IN BAY BLK 1 LOT SIZE 100.000 X 300 OR 11020-577 0580 6 COC 22886-2344 12 2004 1

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: 02-4205-001-0140
Block: 1
Lot: 14
Meridian: SEC 05 TWN 54S RNG 42E
Municipality: MIAMI BEACH
Latitude: 25.7788
Longitude: -80.1582

Address

Full Address: 49 Palm Ave

Address - House Number: 49
Address - Street Name: Palm
Address - Suffix Type: Ave
State: FL
City Name: Miami Beach
Carrier Code: C005
4-Digit Zip Code: 5137
Zip Code: 33139

Valuation

Tax

Total Area: 9,415

Tax Year: 2023
Tax Amount: $17,684,816
Tax Rate Code Area: 200

Market Valuation

Market Total Value: $10,595,999

Market Land Value: $10,500,000
Market Improvement Value: $95,999

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $8,439,401

Sales

Current Sale Contract Date: Dec 01, 2004

Current Sale Recording Date: Dec 08, 2004
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2004R1091494

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Star, Palm and Hibiscus Islands

Stats & Trends

Median Asking:

$17,225,000

Sale Price/ft²

$3,472

Above Asking

0.00%

Average Days on Market

150

Average Home Size

5295 ft²

Average Home Age

23.6 years

Currently For Sale

16 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 700 Ne 24th Street, Miami, FL, 33137

$19,000 /mo

4 Beds
5 Baths
2,310 ft²

700 Ne 24th Street #4601, Miami, FL, 33137 Listing by Kirielys Mora

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Jorge Martinez
One Sotheby's International Realty
Last Updated: 28 days ago
Data Source: Miami MLS, MLS# A11702121

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.