For sale

$35,900,000

49 Palm Ave, Miami Beach, FL 33139

8beds

11,307sqft

$248,903/mo

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Single Family Residence

Built in 1926

0.69 Acres Lot

$-- Zestimate^®

$3,175/sqft

$-- HOA

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

639 days
3,856
179

Likely to sell faster than

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

Video & virtual tour

View virtual tour

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: $3,175/sqft
Tax assessed value: $18,095,685
Annual tax amount: $215,744
Date on market: 12/2/2024
Listing terms: All Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$83,786/mo

Price history

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

Public tax history

Year	Property taxes	Tax 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	--