Estimated payment $143,394/month
Highlights
- Private Dock
- Property fronts an intracoastal waterway
- 0.69 Acre Lot
- South Pointe Elementary School Rated 9+
- Gated Community
- 4-minute walk to Palm Island Park
About This Lot
Own a rare 30,000-sq-ft lot with 100 feet of pristine Miami Beach waterfront on exclusive Palm Island.
Once the site of one of the island’s most iconic estates, this expansive property is now ready for your custom dream home.
Surrounded by lush tropical landscaping and tucked within a secure, guard-gated community, this prime location offers unmatched privacy and serenity — just minutes from South Beach and Miami’s world-renowned dining, shopping, and cultural attractions. A rare opportunity to create a signature waterfront estate in one of Miami’s most coveted enclaves. Built to suit.
Property Details
Property Type
- Land
Est. Annual Taxes
- $238,837
Lot Details
- 0.69 Acre Lot
- 100 Ft Wide Lot
- Property fronts an intracoastal waterway
- Property Fronts a Bay or Harbor
- South Facing Home
- Fenced
- Cleared Lot
- Landscaped with Trees
- Property is zoned 2200
Listing and Financial Details
- Assessor Parcel Number 02-42-05-001-0080
Community Details
Overview
- No Home Owners Association
- Palm Island Condos
- Palm Island Subdivision
Security
- Gated Community
Recreation
- Private Dock
Map
Home Values in the Area
Average Home Value in this Area
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 | $238,837 | $12,349,975 | -- | -- |
| 2024 | $238,680 | $11,227,250 | -- | -- |
| 2023 | $238,680 | $12,348,240 | $0 | $0 |
| 2022 | $213,847 | $11,225,673 | $9,000,000 | $2,225,673 |
| 2021 | $149,810 | $7,635,081 | $6,900,000 | $735,081 |
| 2020 | $150,309 | $7,640,553 | $6,900,000 | $740,553 |
| 2019 | $150,560 | $7,646,023 | $6,900,000 | $746,023 |
| 2018 | $146,181 | $7,651,493 | $6,900,000 | $751,493 |
| 2017 | $148,423 | $7,656,964 | $0 | $0 |
| 2016 | $148,081 | $7,432,211 | $0 | $0 |
| 2015 | $135,397 | $6,756,556 | $0 | $0 |
| 2014 | $115,389 | $5,599,370 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/21/2025 11/21/25 | Price Changed | $23,500,000 | +18.1% | -- | |
| 07/24/2025 07/24/25 | For Sale | $19,900,000 | +28.4% | -- | |
| 09/24/2021 09/24/21 | Sold | $15,500,000 | -8.6% | $2,065 / Sq Ft | View Prior Sale |
| 08/31/2021 08/31/21 | For Sale | $16,950,000 | 0.0% | $2,258 / Sq Ft | |
| 07/16/2020 07/16/20 | Rented | $23,000 | -34.3% | -- | |
| 07/10/2020 07/10/20 | Under Contract | -- | -- | -- | |
| 07/08/2019 07/08/19 | For Rent | $35,000 | 0.0% | -- | |
| 05/02/2014 05/02/14 | Sold | $7,975,000 | -5.6% | $1,307 / Sq Ft | View Prior Sale |
| 03/26/2014 03/26/14 | Pending | -- | -- | -- | |
| 02/03/2014 02/03/14 | Price Changed | $8,450,000 | -5.1% | $1,385 / Sq Ft | |
| 11/13/2013 11/13/13 | For Sale | $8,900,000 | +19.8% | $1,458 / Sq Ft | |
| 06/10/2013 06/10/13 | Sold | $7,431,750 | -15.5% | $1,218 / Sq Ft | View Prior Sale |
| 04/16/2013 04/16/13 | For Sale | $8,800,000 | -- | $1,442 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $15,500,000 | Attorney | |
| Warranty Deed | $10,750,000 | Attorney | |
| Warranty Deed | $10,750,000 | None Listed On Document | |
| Warranty Deed | $7,975,000 | Attorney | |
| Deed | $7,431,800 | Attorney | |
| Warranty Deed | $5,650,000 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $6,150,000 | Commercial | |
| Closed | $6,150,000 | Credit Line Revolving | |
| Previous Owner | $3,400,000 | New Conventional | |
| Closed | $1,000,000 | No Value Available |
Source: MIAMI REALTORS® MLS
MLS Number: A11845368
APN: 02-4205-001-0080
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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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