Landlord's Agent in 2026
Adam Redolfi
Alure Capital
(786) 328-9237
61 Total Sales
Estimated Value: $2,899,981 - $6,826,000
4
Beds
3.5
Baths
2,950
Sq Ft
$1,403/Sq Ft
Est. Value
Highlights
- Bar or Lounge
- Tennis Courts
- Heated In Ground Pool
- South Pointe Elementary School Rated 9+
- Gated with Attendant
- 1-minute walk to Palm Island Park
About This Home
As of February 2026A statement of refined elegance in the heart of Palm Island, this just renovated exquisite residence at 242 Palm Avenue offers 4 Bedrooms and a seamless fusion of contemporary luxury and timeless design. From the moment of arrival, the grand double-height entrance makes an unforgettable first impression a and abundant natural light. Inside, imported European wide-plank wood flooring flows throughout the upper level and imported marble downstairs Every space has been curated with precision: expansive glass doors open to a soon to be lush landscaped outdoor oasis, complete with resort-style pool. Spa-inspired bathrooms, full garage meticulous, details and bespoke millwork Positioned on one of the most prestigious and most secure addresses in Miami Beach, this residence is a rare gem.
Home Details
Home Type
- Single Family
Year Built
- Built in 1994
Lot Details
- 6,000 Sq Ft Lot
- South Facing Home
- Property is zoned 0100
Parking
- 2 Car Attached Garage
- 2 Carport Spaces
Property Views
- Garden
- Pool
Home Design
- Composition Roof
Interior Spaces
- 2,950 Sq Ft Home
- 2-Story Property
- Built-In Features
- Bar
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Awning
- Blinds
- Bay Window
- French Doors
- Entrance Foyer
- Open Floorplan
- Den
- Sun or Florida Room
- Marble Flooring
Kitchen
- Breakfast Area or Nook
- Dishwasher
- Trash Compactor
Bedrooms and Bathrooms
- 4 Bedrooms
- Closet Cabinetry
- Bathtub
Home Security
- High Impact Windows
- High Impact Door
Pool
- Heated In Ground Pool
- Fence Around Pool
Schools
- South Pointe Elementary School
- Nautilus Middle School
- Miami Beach High School
Additional Features
- Tennis Courts
- Central Heating and Cooling System
Listing and Financial Details
- Property Available on 11/3/25
- 1 Year With Renewal Option Lease Term
- Assessor Parcel Number 02-42-05-002-0780
Community Details
Overview
- No Home Owners Association
- Riviera 1St & 2Nd Addn Am Subdivision
Amenities
- Game Room
- Bar or Lounge
Recreation
- Recreation Facilities
Security
- Gated with Attendant
- Complex Is Fenced
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 1, 2024
Sold by
Omais Rabi and Omais Carole
Bought by
Caraj Llc
Current Estimated Value
Purchase Details
Closed on
Nov 20, 2009
Sold by
Martinez Medardo and Martinez Claudia
Bought by
Omais Rabi and Omais Carol
Purchase Details
Closed on
Apr 5, 2006
Sold by
Martinez Medardo
Bought by
Martinez Medardo
Purchase Details
Closed on
Sep 30, 2005
Sold by
Martinez Medardo and Martinez Claudia
Bought by
Martienz Medaro and Martinez Claudia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
1%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Mar 24, 1995
Sold by
Almeida Juan Miguel and Almeida Adria Maria
Bought by
Martinez Medardo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,360
Interest Rate
8.81%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Caraj Llc | -- | None Listed On Document | |
| Omais Rabi | $890,000 | Attorney | |
| Martinez Medardo | -- | Attorney | |
| Martienz Medaro | -- | Universa Title Company | |
| Martinez Medardo | $364,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Martienz Medaro | $600,000 | |
| Previous Owner | Martinez Medardo | $291,360 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/06/2026 02/06/26 | Under Contract | -- | -- | -- |
| 02/01/2026 02/01/26 | Rented | $18,000 | -7.7% | -- |
| 11/03/2025 11/03/25 | For Rent | $19,500 | +5.4% | -- |
| 08/08/2025 08/08/25 | Rented | $18,500 | 0.0% | -- |
| 07/14/2025 07/14/25 | For Rent | $18,500 | +230.4% | -- |
| 07/15/2020 07/15/20 | Rented | $5,600 | -13.8% | -- |
| 06/11/2020 06/11/20 | Under Contract | -- | -- | -- |
| 06/05/2020 06/05/20 | For Rent | $6,500 | +18.2% | -- |
| 12/01/2018 12/01/18 | Rented | $5,500 | -14.7% | -- |
| 11/30/2018 11/30/18 | Under Contract | -- | -- | -- |
| 10/29/2018 10/29/18 | Price Changed | $6,450 | -7.2% | $2 / Sq Ft |
| 09/24/2018 09/24/18 | For Rent | $6,950 | +29.9% | -- |
| 02/01/2018 02/01/18 | Rented | $5,350 | -10.1% | -- |
| 11/14/2017 11/14/17 | Under Contract | -- | -- | -- |
| 10/12/2017 10/12/17 | For Rent | $5,950 | +8.2% | -- |
| 12/01/2014 12/01/14 | Rented | $5,500 | -15.4% | -- |
| 11/01/2014 11/01/14 | Under Contract | -- | -- | -- |
| 09/08/2014 09/08/14 | For Rent | $6,500 | -- | -- |
Source: MIAMI REALTORS® MLS
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 | $42,710 | $2,110,976 | $1,680,000 | $430,976 |
| 2024 | $35,630 | $2,117,226 | $1,680,102 | $437,124 |
| 2023 | $35,630 | $1,597,644 | $0 | $0 |
| 2022 | $30,958 | $1,452,404 | $0 | $0 |
| 2021 | $27,885 | $1,320,368 | $989,982 | $330,386 |
| 2020 | $28,039 | $1,324,825 | $989,982 | $334,843 |
| 2019 | $28,151 | $1,329,283 | $989,982 | $339,301 |
| 2018 | $26,477 | $1,333,740 | $989,982 | $343,758 |
| 2017 | $24,889 | $1,144,434 | $0 | $0 |
| 2016 | $23,541 | $1,040,395 | $0 | $0 |
| 2015 | $22,062 | $945,814 | $0 | $0 |
| 2014 | $19,490 | $859,831 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Redolfi
-
Andrew Kardonski
Tenant's Agent in 2026
Andrew Kardonski
Compass Florida, LLC
(305) 978-5259
7 Total Sales
-
Christina Lawrence
Buyer's Agent in 2025
Christina Lawrence
EXP Realty LLC
(407) 577-7447
8 Total Sales
-
Monica Harvey
Seller's Agent in 2020
Monica Harvey
The Corcoran Group
(305) 790-1234
24 Total Sales
-
Lenzey Stidham
Buyer's Agent in 2020
Lenzey Stidham
Fortune International Realty
(989) 513-8959
3 Total Sales
-
Helmut Sprinckmoller
Buyer's Agent in 2018
Helmut Sprinckmoller
Miami Premier Realty
(305) 332-1482
39 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11907482
APN: 02-4205-002-0780
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