PALM ISLAND
40 Palm Ave, Miami Beach FL 33139
8 beds · 9.5 baths · 14,930 ft²
$48,500,000
Est. Payment $258,137/mo
8
Bedrooms
9.5
Bathrooms
14,930
Sq. Ft.
2023
Year Built
4
Garage
147
Days on Market
Description
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.
Facts
- MLS#
- A11476859
- Subdivision
- PALM ISLAND
- Property Type
- Residential
- Property Sub Type
- Single Family Residence
- Year Built
- 2023
- Lot Size
- 32,000 ft²
- Sq. Ft.
- 14,930 ft²
- Sq. Mt.
- 1,387 m²
- Price per sq. ft.
- $3,248/ft²
- Price per sq. mt.
- $34,968/m²
- Stories
- —
- Garage
- 4 spaces
- Pool
- —
- Days on Market
- 147 days
- Listed
- Nov 27, 2023
- Last Updated
- May 8, 2024
- Price/Lot Sq.Ft.
- $1,516/ft²
Comparable homes
Same ZIP, similar price + bedrooms.
Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
43
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).
| 5/8/2024 | Sold | $48,500,000 |
| 11/27/2023 | Listed for sale | $48,500,000 |
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.
Key Biscayne K-8 CenterPK,KG,1,2,3,4,5,6,7,8 · public · 0.2 mi
- St Christophers Montessori
PK,KG,1,2,3,4,5,6,UG · private · 0.6 mi
- St Christophers Episc Mont
PK,KG · private · 0.6 mi
- St Agnes Academy
PK,KG,1,2,3,4,5,6,7,8 · private · 0.7 mi
- Key Biscayne Presbyterian School
PK,KG,1 · private · 0.7 mi
- Mast Academy
6,7,8,9,10,11,12 · public · 3.4 mi
- Amikids Miami-Dade South
6,7,8,9,10,11,12 · public · 3.4 mi
- Immaculata-La Salle High School
9,10,11,12 · private · 4.8 mi
- Immaculata-La Salle High School
9,10,11,12 · private · 4.8 mi
- Fisher Island Day School
PK,KG,1,2,3,4,5,6,7,8 · private · 5.0 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$298,704/mo
Principal & Interest
$258,137
Property Tax
$40,417
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
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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