NOT LISTED FOR SALE

199 Palm Ave Miami Beach, FL 33139

Star, Palm and Hibiscus Islands Neighborhood

Estimated Value: $6,761,000 - $8,691,518

5 Beds
5 Baths
3,814 Sq Ft
$2,014/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $6,000,000 $1,573 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $49,780/month

83 Days on Market

Highlights

  • Tennis Courts
  • In Ground Pool
  • Marble Flooring
  • South Pointe Elementary School Rated A-
  • Bay View
  • 1-minute walk to Palm Island Park

About This Home

As of May 2022

Luxurious 5bed/5bath home in Palm Island. This bright modern home has a huge living room overlooking the pool, high-end kitchen, double Sub-Zero fridge and freezer and a cooking island. One bedroom on the first floor and 4 bedrooms upstairs, incluing Master Suite with 2 walk-in closets and an expansive balcony. Oversized roof deck with stunning views of the bay and sunsets. Gated community with 24h security, tennis and basketball courts and private access to the park.
Harmonious turnkey home, showings allowed on Mondays between 4.45pm and 5.45pm - TEXT TO SHOW
Excluded items: Black Chandelier, barbecue and Garden art by Philippe Perrin.

Last Agent to Sell the Property

Juliana Pereira

Coldwell Banker Realty License #3257649 Listed on: 02/18/2022

Coldwell Banker Realty

Last Buyer's Agent

Wendy Cohen

One Sotheby's International Realty License #3219009

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,504

Year Built

  • Built in 2016

Lot Details

  • 7,000 Sq Ft Lot
  • South Facing Home
  • Property is zoned 0100

Parking

  • 2 Car Attached Garage

Property Views

  • Bay
  • Pool

Home Design

  • Flat Tile Roof

Interior Spaces

  • 3,814 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Open Floorplan

Kitchen

  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • 5 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Tennis Courts

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Palm Island Subdivision
  • Maintained Community

Listing and Financial Details

  • Assessor Parcel Number 02-42-05-001-0420

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,504

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: PALM ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Cooking Island, Family Room
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 3814
  • Possible Use: Primary
  • Bedroom Features: Master Bedroom Upstairs
  • Dining Room Features: Dining/Living Room, Family/Dining Combination
  • Living Room Features: Family Room
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • Roof: Flat Tile
  • View: Bay, Pool
  • Exterior Features: Tennis Court(s)
  • Direction Faces: South
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: PALM ISLAND
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Covered

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm

Condo/Co-op/Association

  • Association: No
  • Community Features: Maintained Community

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-42-05-001-0420
  • Lot Size Sq Ft: 7000
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 55504

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2022
Closed on
May 13, 2022
Sold by
Coconut Palm 22 Llc
Bought by
Cohen Laurence
Seller's Agent
Juliana Pereira
Coldwell Banker Realty
Buyer's Agent
Wendy Cohen
One Sotheby's International Realty
List Price
$6,200,000
Sold Price
$6,000,000
Premium/Discount to List
-$200,000
-3.23%
Current Estimated Value
$7,679,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,679,880
Avg. Annual Appreciation
7.12%
Original Mortgage
$4,500,000
Outstanding Balance
$4,288,926
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$3,251,010

Purchase Details

Closed on
Jun 30, 2021
Sold by
Youssef Lamia Ben
Bought by
Coconut Palm 22 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2019
Sold by
Youssef Lamia Ben
Bought by
Youssef Lamia Ben

Purchase Details

Closed on
Apr 14, 2016
Sold by
El Kantaoui Invest Llc
Bought by
Youssef Lamia Ben

Purchase Details

Closed on
Aug 16, 2013
Sold by
Ys Alliance Development Llc
Bought by
El Kantaoui Invest Llc

Purchase Details

Listed on
Dec 6, 2012
Closed on
Apr 19, 2013
Sold by
Spiegel Michael and Spiegel Marilyn
Bought by
Ys Alliance Development Llc
Seller's Agent
Alejandro Daguer
AAA International Realty
Buyer's Agent
Alejandro Daguer
AAA International Realty
List Price
$950,000
Sold Price
$860,000
Premium/Discount to List
-$90,000
-9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.15%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cohen Laurence $6,000,000 Leonardo Brito Pa
Coconut Palm 22 Llc -- Accommodation
Youssef Lamia Ben -- Attorney
Youssef Lamia Ben $3,700,000 Pinnacle Title Group Llc
El Kantaoui Invest Llc -- Attorney
Ys Alliance Development Llc $860,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohen Laurence $4,500,000
Previous Owner Coconut Palm 22 Llc $1,050,000
Previous Owner El Kantaoui Invest Llc $500,000
Previous Owner El Kantaoui Invest Llc $900,000
Previous Owner Spiegel Michael $938,250
Previous Owner Spiegel Michael $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $6,000,000 -3.2% $1,573 / Sq Ft
02/18/2022 02/18/22 For Sale $6,200,000 +620.9% $1,626 / Sq Ft
04/19/2013 04/19/13 Sold $860,000 -9.5% $400 / Sq Ft
03/27/2013 03/27/13 Pending -- -- --
12/06/2012 12/06/12 For Sale $950,000 -- $442 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $99,090 $5,141,840 $1,960,000 $3,181,840
2024 $97,753 $5,158,789 $1,959,772 $3,199,017
2023 $97,753 $5,018,256 $1,784,858 $3,233,398
2022 $57,060 $2,881,185 $1,302,030 $1,579,155
2021 $55,504 $2,750,821 $1,155,060 $1,595,761
2020 $55,968 $2,767,428 $1,155,060 $1,612,368
2019 $56,342 $2,784,034 $1,155,060 $1,628,974
2018 $54,950 $2,799,867 $1,155,060 $1,644,807
2017 $53,166 $2,654,758 $0 $0
2016 $18,735 $778,961 $0 $0
2015 $17,366 $708,147 $0 $0
2014 $17,324 $772,683 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Juliana Pereira

    Coldwell Banker Realty

    (305) 303-4410

    1 in this area

    88 Total Sales

    Juliana Pereira
    Section Image
  • Wendy Cohen

    Buyer's Agent in 2022

    Wendy Cohen

    One Sotheby's International Realty

    (305) 785-7997

    1 in this area

    60 Total Sales

    Wendy Cohen
    Section Image

  • A

    Seller's Agent in 2013

    Alejandro Daguer

    AAA International Realty

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11161800

MIAMI REALTORS® MLS

APN: 02-4205-001-0420

Florida Miami/Dade County Miami Beach 33139 Star, Palm and Hibiscus Islands

199 Palm Ave, Miami Beach, FL

This home is located at 199 Palm Ave, Miami Beach, FL 33139 since 18 February 2022 and is currently estimated at $7,679,880, approximately $2,013 per square foot. This property was built in 2016. 199 Palm Ave is a home located in Miami-Dade County with nearby schools including South Pointe Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS 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.

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