by RH Advisors

Check Availability
$19,500,000
↓ $2.4M (11%)
Land - For Sale

93 Palm Ave

Miami Beach, FL 33139
bedrooms
Studio
bathrooms
0 Bath
$115,639
Estimated Monthly
$0
HOA / Fees
-1.15%
Cap Rate

About This Property

Step Inside With Me! Ninety Three Palm: a storied property on prestigious Palm Island. Build your 15,000 SF dream house atop this 30,000 SF lot in one of the most exclusive enclaves of Miami Beach. The idyllic setting offers ocean breezes from preferred positioning on the island far from the bustling city life. This new Estate Row features mega mansions on the block surrounded by lush tropical landscaping. With 100 linear feet of water frontage, keep your yacht docked along the property's edge with the backdrop of Miami's Downtown skyline. Embrace the privacy and tranquility of Palm Island living while minutes from South of Fifth, Design District and the beach. This 24-hour guard gated community is also home to tennis & basketball courts. OWNER FINANCING MAY BE OFFERED TO QUALIFIED BUYERS.
Unit Size
-
Days on Market
94 days
Land Size
0.69 acres
Price per sqft
-
Property Type
Land
Property Taxes
$19,890
HOA Dues
-
Year Built
1922
Last updated: 19 days ago (Miami MLS #A11519941)

Price History

Date / Event Date Event Price
Apr 9, 2024 Price Decreased $19,500,000
↓ $2M (11%)
Price Decreased
Mar 20, 2024 Price Decreased $21,900,000
↓ $2M (8.4%)
Price Decreased
Jan 25, 2024 Listed by Douglas Elliman $23,900,000
Listed by Douglas Elliman
Dec 9, 2023 No longer available -
No longer available
Nov 7, 2023 Listed by Beachfront Realty, Inc $25,900,000
Listed by Beachfront Realty, Inc
Ready-to-build land for your dream home on the prestigious Palm Island! Don't miss this incredible opportunity to create your ultimate waterfront paradise in Miami Beach. This exceptional lot boasts 100 feet of pristine waterfrontage and is surrounded by mature palm trees. This existing setup offers flexibility and convenience as you plan and build your perfect vision. Located on the guard-gated Palm Island, this prime location provides the best of both Miami Beach and Biscayne Bay. You…
Show More

Property Highlights

Garage
Parking Available
Exterior Details

Property Information

Waterfront Features: Intracoastal Front

Building Information

Building Name: PALM ISLAND
Other Structures: None
Building Area Units: Square Feet

Lot Information

Lot Features: 1/2 To Less Than 3/4 Acre Lot, Build To Suit, Cleared, Fenced, Street Lights
Lot Size Units: Square Feet
Lot Size Acres: 0.688
Lot Size Square Feet: 30000
Lot Size Dimensions: 100x300
Financial Details
Tax Legal Description: PALM ISLAND PB 6-54 LOT 8 & 20FT STRIP IN BAY ADJ SAME BLK 1 LOT SIZE 100.000 X 300
Tax Annual Amount: $238,680
Tax Year: 2023
Parcel Number: 02-42-05-001-0080
Property is Zoned: 2200

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1982
  • Building Count: 3
  • Bedroom Count: 9
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 30,000
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 8,036
  • Gross Building Area: 8,036
  • Building Area: 5,774
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,774
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: PALM ISLAND
  • Land Acres: 0.689
  • Legal Description 1: PALM ISLAND PB 6-54 LOT 8 & 20FT STRIP IN BAY ADJ SAME BLK 1 LOT SIZE 100.000 X 300

Ownership

  • Current Owner : 93 PALM RESIDENCE LLC
  • Previous Owner : 93 CAPONE LLC
  • Owner Before Previous Owner: CAROL INVEST USA INC
  • 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: 02-4205-001-0080
  • Block: 1
  • Lot: 8
  • Meridian: SEC 05 TWN 54S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7794
  • Longitude: -80.1599

    Address

  • Full Address: 93 Palm Ave
  • Address - House Number: 93
  • 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: 6,098
  • Tax Year: 2023
  • Tax Amount: $238,680
  • Tax Rate Code Area: 200

    Market Valuation

  • Market Total Value: $12,708,721
  • Market Land Value: $10,500,000
  • Market Improvement Value: $2,208,721

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,348,240

    Sales

  • Current Sale Contract Date: Sep 24, 2021
  • Current Sale Recording Date: Sep 30, 2021
  • Current Sale Transaction ID: 11859717484
  • Current Sale Price: $15,500,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2021R0725711
  • Previous Sale Recording Date: Sep 07, 2021
  • Previous Sale Contract Date: Aug 28, 2021
  • Previous Sale Amount: $10,750,000
  • Previous Sale Document Type: unknown

    Previous Mortgages

  • Previous Mortgage Lender: CITY NATIONAL BANK OF FLORIDA
  • Previous Mortgage Transaction Date: Sep 07, 2021
  • Previous Mortgage Loan Amount: $6,150,000
  • Previous Mortgage Loan Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
3 Beds
4 Baths
4,157 ft²
$4,631/ft²
$19,250,000 Sep 22, 2023
$19,250,000 Nov 29, 2023
$25,733/mo
House
5 Beds
6 Baths
5,209 ft²
$3,168/ft²
$16,500,000 Oct 2, 2023
$16,500,000 Jan 17, 2024
$14,060/mo
Land
Loft
-
-
$19,800,000 Jan 5, 2024
-
$10,828/mo
House
3 Beds
4 Baths
4,434 ft²
$5,165/ft²
$22,900,000 Jan 12, 2024
-
$13,196/mo
House
6 Beds
6 Baths
5,393 ft²
$4,636/ft²
$25,000,000 Dec 5, 2023
-
$11,917/mo
House
5 Beds
7 Baths
5,165 ft²
$4,434/ft²
$22,900,000 Oct 30, 2023
-
$25,626/mo
House
4 Beds
5 Baths
5,501 ft²
$3,908/ft²
$21,500,000 Sep 26, 2023
-
$19,440/mo
House
5 Beds
7 Baths
6,090 ft²
$4,598/ft²
$28,000,000 Aug 8, 2021
-
$14,078/mo
House
4 Beds
6 Baths
3,756 ft²
$5,272/ft²
$19,800,000 Oct 9, 2023
-
$10,828/mo
House
5 Beds
5.5 Baths
3,011 ft²
$7,273/ft²
$21,900,000 Feb 4, 2024
-
$1,500/mo

About Star, Palm and Hibiscus Islands


Similar Homes for Sale

Unit for sale at 279 North Hibiscus Drive, Miami Beach, FL 33139

$21,900,000

  • 5 Beds
  • 5.5 Baths
  • 3,011 ft²
279 North Hibiscus Drive, Miami Beach, FL 33139 Listing by Nataly Stuart
Unit for sale at 214 West San Marino Drive, Miami Beach, FL 33139

$19,800,000

  • 4 Beds
  • 6 Baths
  • 3,756 ft²
214 West San Marino Drive, Miami Beach, FL 33139 Listing by Jill Eber
Unit for sale at 432 South Hibiscus Drive, Miami Beach, FL 33139

$28,000,000

  • 5 Beds
  • 7 Baths
  • 6,090 ft²
432 South Hibiscus Drive, Miami Beach, FL 33139 Listing by Julian Johnston

Nearby Rentals

Unit for rent at 1611 Pennsylvania Ave, Miami Beach, FL, 33139

$1,400 /mo

  • Studio
  • 1 Bath
  • 11,232 ft²
1611 Pennsylvania Ave #11, Miami Beach, FL, 33139 Listing by Monika Schuster


Frequently Asked Questions

When was property at 93 Palm Avenue built and last sold?
The property at 93 Palm Avenue was built in 1922 and last sold on Sep 24, 2021 for $15,500,000.
How much is this home worth?
The estimated value of the home located at 93 Palm Avenue is $19,695,000.
What are some comparable homes to 93 Palm Avenue?
Homes that are comparable to 93 Palm Avenue include a house property at 214 West San Marino Drive, 250 West San Marino Drive, 130 West Rivo Alto Drive.

Quantcast