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Sold for $29,000,000
    • $29,000,000

    49 Palm Ave, Miami Beach, FL 33139

    8beds
    11,307sqft
    Single Family Residence
    Built in 1926
    0.69 Acres Lot
    $28,998,900 Zestimate®
    $2,565/sqft
    $-- Estimated rent

    Home value

    $28,998,900

    $25.52M - $32.77M

    Not available

    Zestimate® history
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    What's special

    Enormous islandExotic treesLush groundsFamily roomGrand saloonArt galleryInsolated movie theater
    Perfectly nestled in the estates of Palm Island, a Mediterranean marvel with over 15K total SF of living space has been masterfully restored. Maintaining original architectural features, the estate boasts modern, state-of-the-art amenities + technology. Sprawling over 30K SF of lush grounds with exotic trees, fountains and 100’ unobstructed waterfront, multiple scenic outdoor lounging+entertaining areas abound,including a rooftop and private deck over the water. The mansion offers 6beds 7/2bths, office, insolated movie theater, grand saloon, formal dining, cognac rm & art gallery. Chef's kitchen features 3 Wolf gas ranges+Subzero appl, enormous island, family room and 2nd dining. The guest villa has a Turkish hammam/sauna, jacuzzi,massage+gym. 2nd fl 3/2.5 living/dining/kitchen 2 elevators

    Zillow last checked:

    Listing updated:

    Listed by:

    Jorge Martinez 786-286-4344,

    One Sotheby's International Realty,

    Roland Ortiz 786-253-3949,

    One Sotheby's International Realty

    Bought with:

    Geva Bar PA, 3458012

    Compass Florida, LLC

    Lourdes Alatriste, 0693485

    Douglas Elliman

    Source: MIAMI,MLS#: A11702121MLS LogoOriginating MLS: A-Miami Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 10
    • Full bathrooms: 7
    • 1/2 bathrooms: 3
    Rooms
    • Room types: Den/Library/Office, Florida Room, Media Room
    Heating
    • Central, Electric
    Cooling
    • Ceiling Fan(s), Central Air, Electric
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Ice Maker, Microwave, Free-Standing Freezer, Oven
    • Laundry: Laundry Room
    Features
    • Closet Cabinetry, Elevator, Entrance Foyer, Pantry, Split Bedroom, Volume Ceilings, Walk-In Closet(s), Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Sauna
    • Flooring: Marble, Wood
    • Doors: High Impact Doors, French Doors
    • Windows: Clear Impact Glass, Complete Impact Glass, Arched Windows, Blinds, High Impact Windows
    • Has fireplace: Yes
    Interior area
    • Total structure area: 15,182
    • Total interior livable area: 11,307 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Circular Driveway, Covered, Guest, Garage Door Opener
    • Garage spaces: 8
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    • Entry location: Foyer
    • Patio & porch: Awning(s), Deck
    • Exterior features: Lighting, Balcony
    • Has private pool: Yes
    • Pool features: In Ground, Equipment Stays, Pool/Spa Combo
    • Has spa: Yes
    • Has view: Yes
    • View description: Bay, Water
    • Has water view: Yes
    • Water view: Bay,Water
    • Waterfront features: Ocean Access, Navigable Water, Seawall, WF/Pool/Ocean Access, Bay
    • Frontage type: Bay/Harbor
    • Frontage length: 100
    Lot
    • Size: 0.69 Acres
    • Features: 1/2 To Less Than 3/4 Acre Lot
    Details
    • Additional structures: Guest House
    • Parcel number: 0242050010140
    • Zoning: 2200

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Concrete Block Construction
    • Roof: Barrel Roof
    Condition
    • Updated/Remodeled
    • Year built: 1926

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Municipal Water

    Community & HOA

    Community
    • Features: Clubhouse, Tennis Court(s), Gated
    • Security: Fire Alarm, Smoke Detector
    • Subdivision: Palm Island
    HOA
    • Has HOA: No
    Location
    • Region: Miami Beach

    Financial & listing details

    • Price per square foot: $2,565/sqft
    • Tax assessed value: $18,095,685
    • Annual tax amount: $215,744
    • Date on market: 12/2/2024
    • Listing terms: All Cash,Conventional

    Price history

    DateEventPrice
    10/5/2026Sold$29,000,000-19.2%$2,565/sqft
    Source: MIAMI #A11702121 Report a problem
    4/1/2026Listed for sale$35,900,000-6.8%$3,175/sqft
    Source: MIAMI #A11702121 Report a problem
    12/3/2024Listed for sale$38,500,000+10%$3,405/sqft
    Source: MIAMI #A11702121 Report a problem
    12/8/2022Listing removed--
    Source: MIAMI #A11135998 Report a problem
    12/14/2021Listed for sale$35,000,000+618.7%$3,095/sqft
    Source: MIAMI #A11135998 Report a problem
    12/8/2004Sold$4,870,000$431/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$246,853 +14.4%$10,211,675 +10%
    2024$215,744 +22%$9,283,341 +10%
    2023$176,848 +13%$8,439,401 +10%
    2022$156,462 +14.2%$7,672,183 +10%
    2021$137,060 -0.3%$6,974,712 0%
    2020$137,422 -0.1%$6,974,869 0%
    2019$137,557 +7.5%$6,975,026 +7%
    2018$127,988 $6,521,616 +10%
    2017$127,988 +4.2%$5,928,742 +10%
    2016$122,832 +14.2%$5,389,766 +10%
    2015$107,544 +12.1%$4,899,788 +10%
    2014$95,953 +13.5%$4,454,353 +10%
    2013$84,552 +0%$4,049,412 -0.1%
    2012$84,552 +8.7%$4,054,254 +10%
    2011$77,767 +2.2%$3,685,686 +8.9%
    2010$76,084 -8.8%$3,385,818 -15.1%
    2009$83,451 +5.2%$3,989,397 +3.1%
    2007$79,293 -0.7%$3,868,069
    2006$79,816 --
    2005$79,816 +25.2%--
    2004$63,758 +28.5%--
    2003$49,604 +89.4%--
    2002$26,189 --
    2001$26,189 --
    Find assessor info on the county website

    Neighborhood: Palm Island

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    Estimated market value
    $28,998,900
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    Estimated market value
    $28,998,900

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