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New construction
    • $11,495,000

    253 N Coconut Ln, Miami Beach, FL 33139

    4beds
    2,263sqft
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    Single Family Residence
    Built in 2026
    7,000 Square Feet Lot
    $10,733,000 Zestimate®
    $5,080/sqft
    $-- HOA

    What's special

    Private elevatorWaterfront opportunityExpansive light-filled living spacesSeamless indoor-outdoor living
    Casa Bahia is a rare waterfront opportunity - Plans Included & Ready to Build - on the exclusive, guard-gated Palm Island, masterfully designed by Borges + Associates. Offered with the land and a full set of approved plans for a new 3,800 SF modern residence, this offering saves up to three years of design, review, and planning - allowing you to break ground immediately and be the first to enjoy this bespoke bayfront retreat. The thoughtfully curated floor plan features four bedrooms with ensuite baths, expansive light-filled living spaces, a chef’s kitchen, private elevator, and a rooftop terrace designed to capture sweeping water views over Biscayne Bay. Seamless indoor-outdoor living invites tranquil mornings by the water and vibrant sunset gatherings framed by Miami’s tropical skyline. Within Palm Island’s private enclave, residents enjoy an exclusive park with tennis courts, basketball, soccer field, and playground. Just minutes from South Beach, Brickell, Wynwood, and the Miami Design District, Casa Bahia offers effortless access to world-class dining, luxury shopping, cultural destinations, and premier boating - while preserving the privacy, security, and prestige of island living.
    144 days
    |
    754
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeffrey Miller 305-610-4509,

    One Sotheby's International Realty

    Source: MIAMI,MLS#: A11972744MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Family Room, Great Room
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Gas Range, Refrigerator, Oven, Washer
      Features
      • Built-in Features, Kitchen Island, Elevator, Entrance Foyer, Volume Ceilings, Walk-In Closet(s)
      • Flooring: Marble, Wood
      • Doors: High Impact Doors
      • Windows: Complete Impact Glass, Impact Glass
      Interior area
      • Total structure area: 3,775
      • Total interior livable area: 2,263 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Covered, Driveway, Garage Door Opener
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      • Entry location: First Floor Entry,Foyer
      • Patio & porch: Patio
      • Exterior features: Barbecue, Lighting
      • Has private pool: Yes
      • Pool features: In Ground
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Ocean Access, No Fixed Bridges, WF/Pool/Ocean Access, Bay
      • Frontage type: Bay/Harbor
      • Frontage length: 52
      Lot
      • Size: 7,000 Square Feet
      • Features: Flood Zone Lot
      Details
      • Parcel number: 0242050020160
      • Zoning: 0100
      • Other equipment: Generator Hookup

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Concrete Block Construction, CBS Construction
      • Foundation: Raised
      • Roof: Concrete
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2026
      Details
      • Builder model: Casa Bahia

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Municipal Water

      Community & HOA

      Community
      • Features: Additional Amenities, Tennis Court(s), Gated, Security Patrol
      • Subdivision: Riviera 1st & 2nd Addn Am
      HOA
      • Has HOA: Yes
      Location
      • Region: Miami Beach

      Financial & listing details

      • Price per square foot: $5,080/sqft
      • Tax assessed value: $6,006,793
      • Annual tax amount: $112,636
      • Date on market: 2/27/2026
      • Listing terms: All Cash,Conventional

        Estimated market value

        $10,733,000

        $10.20M - $11.27M

        $8,422/mo

        Price history

        DateEventPrice
        2/27/2026Listed for sale$11,495,000+109%$5,080/sqft
        Source: MIAMI #A11972744 Report a problem
        2/25/2026Listing removed$27,500$12/sqft
        Source: MIAMI #A11961009 Report a problem
        2/7/2026Listed for rent$27,500+17%$12/sqft
        Source: MIAMI #A11961009 Report a problem
        5/6/2024Listing removed--
        Source: MIAMI #A11529380 Report a problem
        4/3/2024Price change$23,500-4.1%$10/sqft
        Source: MIAMI #A11529380 Report a problem
        2/7/2024Listed for rent$24,500$11/sqft
        Source: MIAMI #A11529380 Report a problem
        2/3/2024Listing removed--
        Source: MIAMI #A11350907 Report a problem
        1/29/2024Price change$24,500-7.5%$11/sqft
        Source: MIAMI #A11350907 Report a problem
        11/30/2023Price change$26,500-1.9%$12/sqft
        Source: MIAMI #A11350907 Report a problem
        8/11/2023Price change$27,000-8.5%$12/sqft
        Source: MIAMI #A11350907 Report a problem
        6/14/2023Price change$29,500-11.9%$13/sqft
        Source: MIAMI #A11350907 Report a problem
        4/11/2023Price change$33,500-4.3%$15/sqft
        Source: MIAMI #A11350907 Report a problem
        3/13/2023Price change$35,000-7.9%$15/sqft
        Source: MIAMI #A11350907 Report a problem
        3/3/2023Listed for rent$38,000+52%$17/sqft
        Source: MIAMI #A11350907 Report a problem
        4/28/2022Sold$5,500,000+10.6%$2,430/sqft
        Source: Public Record Report a problem
        4/23/2021Listing removed--
        Source: Douglas Elliman Report a problem
        4/6/2021Listed for rent$25,000+8.7%$11/sqft
        Source: Douglas Elliman #A11022837 Report a problem
        3/27/2021Listing removed--
        Source: Douglas Elliman Report a problem
        12/4/2020Price change$4,975,000+4.7%$2,198/sqft
        Source: Douglas Elliman #A10901758 Report a problem
        7/31/2020Listed for sale$4,750,000+24900%$2,099/sqft
        Source: Douglas Elliman #A10901758 Report a problem
        7/31/2020Listing removed$23,000$10/sqft
        Source: Douglas Elliman #A10848756 Report a problem
        5/5/2020Listed for rent$23,000+21.1%$10/sqft
        Source: Douglas Elliman #A10848756 Report a problem
        5/26/2019Listing removed$19,000$8/sqft
        Source: Compass Report a problem
        2/21/2019Price change$19,000-13.6%$8/sqft
        Source: Douglas Elliman #A10587244 Report a problem
        12/18/2018Listed for rent$22,000$10/sqft
        Source: Douglas Elliman #A10587244 Report a problem
        9/20/2018Sold$19,000+46.2%$8/sqft
        Source: Agent Provided Report a problem
        5/3/2017Sold$13,000-99.7%$6/sqft
        Source: Agent Provided Report a problem
        2/24/2017Sold$3,791,000+45.8%$1,675/sqft
        Source: Public Record Report a problem
        5/28/2014Sold$2,600,000+454.6%$1,149/sqft
        Source: Public Record Report a problem
        6/16/1998Sold$468,800$207/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$112,636 +8.3%$5,756,310 +10.1%
        2024$104,025 +12.1%$5,229,439 +10%
        2023$92,760 +43.4%$4,754,036 +53.5%
        2022$64,706 +14%$3,096,584 +10%
        2021$56,745 -0.3%$2,815,077 0%
        2020$56,897 -0.1%$2,815,457 0%
        2019$56,958 +3.1%$2,815,837 0%
        2018$55,257 $2,816,207 -10.9%
        2017$55,257 -12%$3,160,095 +9.2%
        2016$62,789 +14.8%$2,894,203 +7.8%
        2015$54,718 +320.5%$2,684,403 +346.9%
        2014$13,012 +3.3%$600,633 +1.5%
        2013$12,598 $591,757 +1.7%
        2012$12,598 +2.1%$581,866 +3%
        2011$12,335 -3.3%$564,919 +1.5%
        2010$12,755 +9%$556,571 +2.7%
        2009$11,705 +3.1%$541,939 +8.3%
        2007$11,356 -9.8%$500,630
        2006$12,596 --
        2005$12,596 +2.8%--
        2004$12,250 +3%--
        2003$11,897 +1.4%--
        2002$11,737 --
        2001$11,737 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Palm Island

        Getting around

        10 / 100
        Car-Dependent
        48 / 100
        Some Transit
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: South Pointe
        • Middle: Nautilus
        • High: Miami Beach

        Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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