RIVIERA 1ST & 2ND ADDN AM
242 Palm Ave, Miami Beach FL 33139
4 beds · 2.5 baths · 2,650 ft²
$6,500
Est. Payment $35/mo
4
Bedrooms
2.5
Bathrooms
2,650
Sq. Ft.
1994
Year Built
2
Garage
2
Stories
6
Days on Market
Description
Palm Island home for lease. Close to South Beach and Downtown. 4-bed, 2 and 1/2 bath, marble and wood floors. Large closets, family room with bar, formal dining room, laundry room, 2-car garage and more. Tennis courts, basketball court and children's playground available to residents.
Facts
- MLS#
- A10871266
- Subdivision
- RIVIERA 1ST & 2ND ADDN AM
- Property Type
- Residential Lease
- Property Sub Type
- Single Family Residence
- Year Built
- 1994
- Lot Size
- 6,000 ft²
- Sq. Ft.
- 2,650 ft²
- Sq. Mt.
- 246 m²
- Price per sq. ft.
- $2/ft²
- Price per sq. mt.
- $26/m²
- Stories
- 2
- Garage
- 2 spaces
- Pool
- —
- Days on Market
- 6 days
- Listed
- Jun 5, 2020
- Last Updated
- May 14, 2026
- Price/Lot Sq.Ft.
- $1/ft²
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Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
38
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 5/14/2026 | Sold | $6,500 |
| 6/5/2020 | Listed for sale | $6,500 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Miami Tech at Mater Innovation Academy9,10,11,12 · charter · 0.3 mi
- School For Advanced Studies-Wolfson
11,12 · public · 0.3 mi
- New World School Of The Arts
9,10,11,12 · public · 0.3 mi
- Key Point Academy
PK,TK,KG,1,2,3,4,5,6,7,8 · private · 0.4 mi
- Key Point Academy
PK,KG,1,2,3,4,5,6,7,8 · private · 0.4 mi
- Kla Elementary
KG,1,2,3,4,5 · private · 0.4 mi
- Worlded International School
6,7,8,9,10,11,12 · private · 0.5 mi
- Law Enforcement Officers Memorial High School
9,10,11,12 · public · 0.6 mi
- Downtown Miami Charter School
KG,1,2,3,4,5 · charter · 0.6 mi
- Brickell International Academy
PK,KG · private · 0.7 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Affordability
What you'd typically need to qualify for this rental under the standard 30% rule.
$21,667
gross income / month to qualify
Based on the 30% rule (rent ≤ 30% of gross monthly income). Move-in estimate assumes first month + last month + one month security; landlord requirements vary.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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