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.
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
$44,065,300 Zestimate®
$3,014/sqft
$214,561 Estimated rent
Home value
$44,065,300
$38.34M - $50.68M
$214,561/mo
Zestimate® history
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List your homeWhat's special
Waterfront estatePrivate boat dockPrivate patioState-of-the-art home theatreTropical modern architectIdyllic setting
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#: A11476859
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 13
- Full bathrooms: 9
- 1/2 bathrooms: 4
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 & neighborhood
Community
- Community features: Gated, Security Patrol, HOA
Location
- Region: Miami Beach
- Subdivision: Palm Island
Other
Other facts
- Listing terms: All Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2025 | Sold | $45,000,000+12.5%$3,014/sqft |
Source: Public Record Report a problem | ||
| 5/8/2024 | Sold | $40,000,000-17.5%$2,679/sqft |
Source:  MIAMI #A11476859 Report a problem | ||
| 11/27/2023 | Listed for sale | $48,500,000+102.1%$3,248/sqft |
Source: MIAMI #A11476859 Report a problem | ||
| 11/3/2019 | Listing removed | $24,000,000$1,608/sqft |
Source: Luxe Living Realty #A2039498 Report a problem | ||
| 11/1/2019 | Listed for sale | $24,000,000$1,608/sqft |
Source: Luxe Living Realty #A2039498 Report a problem | ||
| 8/22/2017 | Listing removed | $24,000,000$1,608/sqft |
Source: Luxe Living Realty #A2039498 Report a problem | ||
| 11/29/2014 | Listed for sale | $24,000,000+344.4%$1,608/sqft |
Source: Luxe Living Realty #A2039498 Report a problem | ||
| 2/20/2013 | Sold | $5,400,000-8.5%$362/sqft |
Source: Public Record Report a problem | ||
| 12/12/2012 | Pending sale | $5,900,000$395/sqft |
Source: Engel & Voelkers/Miami Brickel #A1693313 Report a problem | ||
| 10/21/2011 | Listed for sale | $5,900,000-14.5%$395/sqft |
Source: Wegmann Real Estate LLC #F1156103 Report a problem | ||
| 4/23/2011 | Listing removed | $6,900,000$462/sqft |
Source: Avatar Real Estate Services #M1247892 Report a problem | ||
| 1/16/2009 | Listed for sale | $6,900,000+72.5%$462/sqft |
Source: Listhub #M1278539 Report a problem | ||
| 6/5/2007 | Sold | $4,000,000+9.6%$268/sqft |
Source: Public Record Report a problem | ||
| 8/18/2004 | Sold | $3,650,000+329.4%$244/sqft |
Source: Public Record Report a problem | ||
| 3/15/1994 | Sold | $850,000$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 schools
GreatSchools rating
- 9/10South Pointe Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 5/10Nautilus Middle SchoolGrades: 6-8Distance: 3 mi
- 5/10Miami Beach Senior High SchoolGrades: 9-12Distance: 2.2 mi
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
$44,065,300
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Estimated market value
$44,065,300
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