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Sold for $45,000,000
    • $45,000,000

    40 Palm Ave, Miami Beach, FL 33139

    8beds
    14,930sqft
    Single Family Residence
    Built in 2023
    0.73 Acres Lot
    $43,662,100 Zestimate®
    $3,014/sqft
    $214,561 Estimated rent

    Home value

    $43,662,100

    $37.99M - $50.21M

    $214,561/mo

    Zestimate® history
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    What's special

    Waterfront estatePrivate boat dockPrivate patioState-of-the-art home theatreTropical modern architectIdyllic setting
    Discover this exquisite waterfront new construction masterpiece, designed by renowned Tropical Modern architect, Cesar Molina. The interior features are truly exceptional, with Mia Cucina cabinetry, Wolf + Subzero appliances, state-of-the-art home theatre, gym with steam & sauna. The primary bedroom has a private patio with pool, and an incredibly large closet incl. wet bar. A rare full size rooftop terrace with elevator access is perfect for unforgettable day and nighttime gatherings overlooking the beautiful Miami Skyline. 4 car electric garage with detached upstairs guest house. A private boat dock with 100 ft of water frontage provides a gateway to the open ocean. With its flawless craftsmanship, unrivaled amenities, & idyllic setting, this waterfront estate transcends the ordinary.

    Zillow last checked:

    Listing updated:

    Listed by:

    Liz Hogan 305-804-9700,

    Compass Florida, LLC

    Bought with:

    Matthew Dugow, 3275887

    Compass Florida, LLC

    Source: MIAMI,MLS#: A11476859MLS LogoOriginating MLS: A-Miami Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 13
    • Full bathrooms: 9
    • 1/2 bathrooms: 4
    Rooms
    • Room types: Den/Library/Office, Family Room, Media Room
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Oven, Washer
    • Laundry: Laundry Room
    Features
    • Bar, Built-in Features, Closet Cabinetry, Kitchen Island, Elevator, Volume Ceilings, Walk-In Closet(s), Wet Bar, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Sauna
    • Flooring: Other
    • Doors: High Impact Doors
    • Windows: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass
    • Has fireplace: Yes
    Interior area
    • Total structure area: 16,968
    • Total interior livable area: 14,930 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Driveway, Electric Vehicle Charging Station(s)
    • Garage spaces: 4
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    • Entry location: First Floor Entry
    • Patio & porch: Deck
    • Exterior features: Built-in Barbecue, Lighting, Balcony
    • Has private pool: Yes
    • Pool features: In Ground
    • Has spa: Yes
    • Fencing: Fenced
    • Has view: Yes
    • View description: Bay, Intracoastal View, Ocean, Water
    • Has water view: Yes
    • Water view: Bay,Intracoastal View,Ocean,Water
    • Waterfront features: Ocean Access, Intracoastal Front, Navigable Water, WF/Pool/Ocean Access, Bay
    • Frontage type: Bay/Harbor
    • Frontage length: 100
    Lot
    • Size: 0.73 Acres
    • Features: 1/2 To Less Than 3/4 Acre Lot
    Details
    • Additional structures: Guest House
    • Parcel number: 0242050010270
    • Zoning: 2200
    • Other equipment: Whole House Permanent Generator

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Modern/Contemporary
    • Property subtype: Single Family Residence
    Materials
    • Concrete Block Construction
    • Roof: Concrete
    Condition
    • New Construction
    • New construction: Yes
    • Year built: 2023

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Municipal Water, Well

    Community & HOA

    Community
    • Features: Gated, Security Patrol, HOA
    • Subdivision: Palm Island
    HOA
    • Has HOA: Yes
    Location
    • Region: Miami Beach

    Financial & listing details

    • Price per square foot: $3,014/sqft
    • Tax assessed value: $28,955,560
    • Annual tax amount: $164,952
    • Date on market: 11/27/2023
    • Listing terms: All Cash,Conventional

    Price history

    DateEventPrice
    3/5/2025Sold$45,000,000+12.5%$3,014/sqft
    Source: Public Record Report a problem
    5/8/2024Sold$40,000,000-17.5%$2,679/sqft
    Source: MIAMI #A11476859 Report a problem
    11/27/2023Listed for sale$48,500,000+102.1%$3,248/sqft
    Source: MIAMI #A11476859 Report a problem
    11/3/2019Listing removed$24,000,000$1,608/sqft
    Source: Luxe Living Realty #A2039498 Report a problem
    11/1/2019Listed for sale$24,000,000$1,608/sqft
    Source: Luxe Living Realty #A2039498 Report a problem
    8/22/2017Listing removed$24,000,000$1,608/sqft
    Source: Luxe Living Realty #A2039498 Report a problem
    11/29/2014Listed for sale$24,000,000+344.4%$1,608/sqft
    Source: Luxe Living Realty #A2039498 Report a problem
    2/20/2013Sold$5,400,000-8.5%$362/sqft
    Source: Public Record Report a problem
    12/12/2012Pending sale$5,900,000$395/sqft
    Source: Engel & Voelkers/Miami Brickel #A1693313 Report a problem
    10/21/2011Listed for sale$5,900,000-14.5%$395/sqft
    Source: Wegmann Real Estate LLC #F1156103 Report a problem
    4/23/2011Listing removed$6,900,000$462/sqft
    Source: Avatar Real Estate Services #M1247892 Report a problem
    1/16/2009Listed for sale$6,900,000+72.5%$462/sqft
    Source: Listhub #M1278539 Report a problem
    6/5/2007Sold$4,000,000+9.6%$268/sqft
    Source: Public Record Report a problem
    8/18/2004Sold$3,650,000+329.4%$244/sqft
    Source: Public Record Report a problem
    3/15/1994Sold$850,000$57/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$546,195 +52.2%$28,955,560 +72.8%
    2024$358,783 +92.3%$16,757,820 +88.2%
    2023$186,581 +13.1%$8,905,600 +10%
    2022$164,952 +14.2%$8,096,000 +10%
    2021$144,499 -0.3%$7,360,000
    2020$144,878 -0.1%$7,360,000
    2019$145,017 +8%$7,360,000 +7.8%
    2018$134,284 $6,828,562 +10%
    2017$134,284 +4.2%$6,207,784 +10%
    2016$128,885 +14.2%$5,643,440 +10%
    2015$112,843 +12.2%$5,130,400 +10%
    2014$100,531 +4%$4,664,000 +1.5%
    2013$96,662 0%$4,595,100 -1.1%
    2012$96,662 +8%$4,648,349 +9.4%
    2011$89,466 +1.5%$4,250,866 +8.1%
    2010$88,166 -8.1%$3,933,336 -14.4%
    2009$95,914 +28.2%$4,595,257 +26.1%
    2007$74,790 +0.2%$3,644,910
    2006$74,640 --
    2005$74,640 +35.6%--
    2004$55,065 +30.1%--
    2003$42,320 +81%--
    2002$23,382 --
    2001$23,382 --
    Find assessor info on the county website

    Neighborhood: Palm Island

    Nearby homes

    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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    Estimated market value
    $43,662,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $43,662,100

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