RIVIERA 1ST & 2ND ADDN AM
242 Palm Ave, Miami Beach FL 33139
4 beds · 3.5 baths · 2,950 ft²
$19,500
Est. Payment $104/mo
4
Bedrooms
3.5
Bathrooms
2,950
Sq. Ft.
1994
Year Built
2
Garage
2
Stories
90
Days on Market
Description
A statement of refined elegance in the heart of Palm Island, this just renovated exquisite residence at 242 Palm Avenue offers 4 Bedrooms and a seamless fusion of contemporary luxury and timeless design. From the moment of arrival, the grand double-height entrance makes an unforgettable first impression a and abundant natural light. Inside, imported European wide-plank wood flooring flows throughout the upper level and imported marble downstairs Every space has been curated with precision: expansive glass doors open to a soon to be lush landscaped outdoor oasis, complete with resort-style pool. Spa-inspired bathrooms, full garage meticulous, details and bespoke millwork Positioned on one of the most prestigious and most secure addresses in Miami Beach, this residence is a rare gem.
Facts
- MLS#
- A11907482
- 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.
- 2,950 ft²
- Sq. Mt.
- 274 m²
- Price per sq. ft.
- $7/ft²
- Price per sq. mt.
- $71/m²
- Stories
- 2
- Garage
- 2 spaces
- Pool
- —
- Days on Market
- 90 days
- Listed
- Nov 3, 2025
- Last Updated
- May 14, 2026
- Price/Lot Sq.Ft.
- $3/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
August 2026
37
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 | $19,500 |
| 11/3/2025 | Listed for sale | $19,500 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Affordability
What you'd typically need to qualify for this rental under the standard 30% rule.
$65,000
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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