--
Bed
--
Bath
3,300
Sq Ft
1.47
Acres
Highlights
- Property has ocean access
- Private Dock
- In Ground Pool
- South Pointe Elementary School Rated A-
- Property Fronts a Bay or Harbor
- Gated Community
About This Home
As of October 2012Iconic Miami Beach Island Living - with 200 Feet of Waterfront. This wonderful opportunity offers almost 1.5 acres and over 200 linear feet (60+ meters) of prime waterfront, minutes from South Beach. Also available as two separate lots, each for $5.9 mill ion. 40 Palm Avenue includes a 3,300 sq. ft. (300 sq. m.), 4bed/3bath pool home. 30 Palm Ave is a vacant lot.Each lot size is 32,000 sq. ft.(2,800 sq. m.)with boat docks. Lot 30 Palm has been sold as an individual lot and 40 Palm is available for purchase
Last Agent to Sell the Property
Engel & Voelkers License #3255714 Listed on: 09/25/2012
Co-Listed By
Marnette Wegmann
Wegmann Real Estate LLC License #3182596
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $80,961
Year Built
- Built in 1971
Lot Details
- 1.47 Acre Lot
- 100 Ft Wide Lot
- Property Fronts a Bay or Harbor
- North Facing Home
- Fenced
- Interior Lot
- Property is zoned 22/EST 2
Parking
- 1 Car Garage
- Circular Driveway
- Open Parking
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- Main Floor Bedroom
- 3,300 Sq Ft Home
- Den
- Wood Flooring
- Bay Views
Kitchen
- Electric Range
- Dishwasher
Laundry
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Property has ocean access
- Private Dock
- Patio
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 02-42-05-001-0260
Community Details
Overview
- No Home Owners Association
- Palm Island Subdivision
Recreation
- Tennis Courts
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 31, 2017
Sold by
Brick Palm Investments Llc
Bought by
Macedo Leonidas Lima De
Purchase Details
Listed on
Sep 25, 2012
Closed on
Oct 18, 2012
Sold by
30 Palm Avenue Llc
Bought by
Brick Palm Investment Llc
Seller's Agent
Irving Padron
Engel & Voelkers
Buyer's Agent
Joao Carvalho
Jad Realty, LLC.
List Price
$11,000,000
Sold Price
$5,000,000
Premium/Discount to List
-$6,000,000
-54.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.52%
Purchase Details
Closed on
May 27, 2007
Sold by
Asset Preservation Inc
Bought by
Keifer Mayhew Llc
Purchase Details
Closed on
May 25, 2007
Sold by
Keifer Mayhew Llc
Bought by
30 Palm Avenue Llc
Purchase Details
Closed on
Aug 24, 2005
Sold by
Florida Building Enterprises Inc
Bought by
Asset Preservation Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
5.76%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Aug 20, 2004
Sold by
Esi Sa
Bought by
Florida Building Enterprises Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
5.25%
Mortgage Type
Unknown
Purchase Details
Closed on
Jan 5, 1994
Sold by
Sacks Sidney
Bought by
E S I S A
Similar Home in Miami Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Unlimited Title Group | |
| Warranty Deed | $5,000,000 | Attorney | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $4,000,000 | Attorney | |
| Warranty Deed | $5,000,000 | -- | |
| Special Warranty Deed | $3,500,000 | -- | |
| Deed | $1,160,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $12,000,000 | New Conventional | |
| Previous Owner | $2,100,000 | Stand Alone First | |
| Previous Owner | $2,100,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/05/2025 07/05/25 | For Sale | $48,000,000 | +860.0% | $3,652 / Sq Ft |
| 10/19/2012 10/19/12 | Sold | $5,000,000 | -54.5% | $1,515 / Sq Ft |
| 09/25/2012 09/25/12 | For Sale | $11,000,000 | -- | $3,333 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $316,105 | $16,454,175 | -- | -- |
| 2024 | $269,696 | $14,958,341 | -- | -- |
| 2023 | $269,696 | $13,598,492 | $0 | $0 |
| 2022 | $242,730 | $12,362,266 | $0 | $0 |
| 2021 | $219,384 | $11,238,424 | $7,360,000 | $3,878,424 |
| 2020 | $220,772 | $11,280,211 | $7,360,000 | $3,920,211 |
| 2019 | $221,795 | $11,321,999 | $7,360,000 | $3,961,999 |
| 2018 | $215,987 | $11,363,787 | $7,360,000 | $4,003,787 |
| 2017 | $219,808 | $11,405,573 | $0 | $0 |
| 2016 | $213,944 | $10,584,423 | $0 | $0 |
| 2015 | $198,759 | $9,622,203 | $0 | $0 |
| 2014 | $183,794 | $8,747,458 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lourdes Alatriste
Seller's Agent in 2025
Lourdes Alatriste
Douglas Elliman
(305) 926-5322
10 in this area
97 Total Sales
-
Irving Padron
Seller's Agent in 2012
Irving Padron
Engel & Voelkers
(305) 444-9500
3 Total Sales
-
M
Seller Co-Listing Agent in 2012
Marnette Wegmann
Wegmann Real Estate LLC
-
Joao Carvalho
Buyer's Agent in 2012
Joao Carvalho
Jad Realty, LLC.
(305) 588-1867
39 Total Sales
Source: MIAMI REALTORS® MLS
MLS Number: A1693318
APN: 02-4205-001-0260
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