RIVIERA 1ST & 2ND ADDN AM

290 S Coconut Ln, Miami Beach FL 33139

5 beds · 5 baths · 7,660 ft²

For Sale · Active Listing

$21,950,000

Est. Payment $116,827/mo

MLS Sheet Video

5

Bedrooms

5

Bathrooms

7,660

Sq. Ft.

2026

Year Built

2

Garage

10

Days on Market

Description

Brand-new waterfront architectural masterpiece under construction on exclusive, gated Palm Island. Designed by renowned architect Choeff Levy Fischman, this three-story modern estate with rooftop living is scheduled for completion in October 2026 and offers unobstructed Downtown Miami skyline views. Thoughtfully designed for seamless indoor-outdoor living, the home features expansive waterfront terraces, a resort-style pool with integrated waterfall, and a dramatic rooftop entertainment level ideal for hosting and relaxation. A private dock and brand-new seawall provide direct ocean access for boating and water activities. Interiors by Casa Bella Design showcase refined modern elegance with porcelain surfaces by Porcelanosa, luxury fixtures by Dornbracht, Waterworks, Axor, and Toto, a gourmet chef’s kitchen by Ornare, custom millwork, and bespoke closets throughout. The residence includes a fully automated smart-home system with Lutron lighting, enhancing comfort, security, and ambiance. Additional features include an enclosed two-car garage and dedicated space for motorbikes and bicycles. Palm Island is a 24-hour guard-gated community offering tennis and basketball courts, a children’s playground, and close proximity to Downtown Miami, South Beach, and Coconut Grove.

Facts

MLS#
A11948665
Subdivision
RIVIERA 1ST & 2ND ADDN AM
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
2026
Lot Size
7,000 ft²
Sq. Ft.
7,660 ft²
Sq. Mt.
712 m²
Price per sq. ft.
$2,866/ft²
Price per sq. mt.
$30,829/m²
Stories
Garage
2 spaces
Pool
Days on Market
10 days
Listed
Jan 19, 2026
Last Updated
Jan 29, 2026
Price/Lot Sq.Ft.
$3,136/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

100/100
Buyers marketSellers market

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).

1/19/2026Listed for sale$21,950,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

290 S Coconut Ln, Miami Beach FL 33139Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$135,269/mo

Principal & Interest

$116,827

Property Tax

$18,292

Insurance

$150

HOA

$0

20% ($4,390,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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Updated within 24 hours

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