RENTED MAY 20, 2026

Estimated Value: $60,000 - $9,814,000

5 Beds
5 Baths
3,609 Sq Ft
$1,750/Sq Ft Est. Value

Highlights

  • Ocean Front
  • Private Dock
  • No HOA
  • South Pointe Elementary School Rated 9+
  • Heated In Ground Pool
  • 1-minute walk to Palm Island Park

About This Home

As of May 2026

5/5 WATERFRONT PALM ISLAND VILLA, TROPICAL PARADISE OASIS, WHERE OLD SPANISH MEDITERRANEAN ARCHITECTURE FUSES INTERIOR MODERN CONTEMPORARY EUROPEAN DESIGN. ENTER A GATED FOUNTAIN COURTYARD TO A ZEN ETHNIC JAZZY POSH HOME HOSTING A 2 STORY POOL DECK OVERSEEING OCEAN & DOWNTOWN MIAMI SKYLINE-CRUSIE SHIPS-SUNSETS, HEATED POOL, 2 INDOOR & 2 OUTDOOR JACUZZIS, PRIVATE DOCK, RIVER ROCK CABANA STEAM/AROMA THERAPY 4 PERSON STEAM BATH SPA, WALK-IN 270 DEGREE GLASS WINE CELLAR UNDER A REVOLVING STAIRCASE, STAINLESS STEEL APPLIANCES, STEREO ADVANCE ROOM VOLUME CONTROLS, TALL CEILINGS, LOTS OF WINDOWS AND LIGHT. BEST, MOST DESIRABLE AND CLOSEST DOWNTOWN WATER VIEW LOCATION. ISLAND IS SECURITY GATED, HAS A PARK WITH PLAYGROUND, TENNIS, BASKETBALL, AND RACKET BALL COURTS. PLUMBING, ELECTRICAL, ALL APPLICANCES, ROOF AND AC ARE UNDER HOME WARRANTY. AVAILABLE WENGE FURNISHED FOR ADDITIONAL FEE.

Last Agent to Rent the Property

Philip Muskat

The Muskat Group, Inc. License #0455894 Listed on: 05/13/2026

Last Renter's Agent

Ashley Cusack

BHHS EWM Realty License #0578555

BHHS EWM Realty

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • 1939

Lot Details

  • 50 Ft Wide Lot
  • Ocean Front
  • Property fronts an intracoastal waterway
  • Property is zoned 0100

Home Design

  • 3,609 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Private Dock

Schools

  • South Pointe Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Listing and Financial Details

  • Property Available on 5/13/26
  • Assessor Parcel Number 02-42-05-001-0460

Community Details

Overview

  • No Home Owners Association
  • Palm Island Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Year Built

1939

Lot Details

0 Sq Ft Lot

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2026-05-13

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Garage Yn: No
  • Horses: No
  • Inclusions: Dock Available,Private Dock
  • New Construction: No
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: PALM ISLAND
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • LastStatus: Pending
  • CurrentPrice: 45000
  • InternetRemarks: 5/5 WATERFRONT PALM ISLAND 2 STORY POOL DECK OCEAN SUNSET DOWNTOWN MIAMI VIEWS, HEATED POOL, 2 INDOOR & 2 OUTDOOR JACUZZIS, STEAM SPA, WINE CELLAR.
  • ShowingTimeFlag: No
  • Special Features: VirtualTour
  • Year Built: 1939

Interior Features

  • Spa Yn: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Furnished: Unfurnished
  • Living Area: 3609

Exterior Features

  • Pool Features: In Ground, Heated, Hot Tub, Private
  • Pool Private: Yes
  • View: No
  • Waterfront Features: Intracoastal Front, No Fixed Bridges, Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: PALM ISLAND

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-05-001-0460
  • Land Lease Amount Frequency: Monthly
  • Zoning: 0100

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2022
Sold by
Phillip Muskat
Bought by
Current Estimated Value
$7,616,561

Purchase Details

Closed on
Jul 15, 2021
Sold by
Muskat Michael
Bought by
Muskat Michael and Muskat Phillip

Purchase Details

Closed on
Oct 31, 2014
Sold by
Grumet Robert
Bought by
Grumet Robert and Muskat Michael

Purchase Details

Closed on
May 17, 2004
Sold by
Gracia Eliberto J and Gracia Marisa
Bought by
Grumet Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,497,325
Interest Rate
1.75%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Muskat Michael -- None Available
Grumet Robert -- None Available
Grumet Robert $1,871,700 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $500,000
Previous Owner Grumet Robert $2,275,000
Previous Owner Grumet Robert $1,497,325
Previous Owner Gracia Eliberto J $1,100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/20/2026 05/20/26 Rented $45,000 -8.2% --
05/13/2026 05/13/26 For Rent $49,000 +2.3% --
02/26/2025 02/26/25 Rented $47,900 0.0% --
02/25/2025 02/25/25 Under Contract -- -- --
01/18/2025 01/18/25 For Rent $47,900 +96.3% --
04/01/2024 04/01/24 Rented $24,400 0.0% --
03/03/2024 03/03/24 Price Changed $24,400 -18.4% $7 / Sq Ft
02/02/2024 02/02/24 Price Changed $29,900 -25.1% $8 / Sq Ft
12/28/2023 12/28/23 For Rent $39,900 +73.5% --
09/01/2022 09/01/22 Rented $23,000 -34.2% --
08/20/2022 08/20/22 Under Contract -- -- --
02/08/2022 02/08/22 For Rent $34,975 -- --
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $112,989 $5,284,534
2024 $92,981 $4,804,122
2023 $92,981 $4,367,384 $0 $0
2022 $82,571 $4,238,966 $3,720,000 $518,966
2021 $65,527 $3,269,934 $2,880,000 $389,934
2020 $65,765 $3,273,505 $2,880,000 $393,505
2019 $65,732 $3,268,600 $2,880,000 $388,600
2018 $63,830 $3,272,107 $2,880,000 $392,107
2017 $73,825 $3,739,614 $0 $0
2016 $68,832 $3,439,120 $0 $0
2015 $64,763 $3,191,418 $0 $0
2014 $32,926 $1,580,781 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A12018656

MIAMI REALTORS® MLS

APN: 02-4205-001-0460

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