RIVIERA 1ST & 2ND ADDN AM
253 N Coconut Ln, Miami Beach FL 33139
4 beds · 3.5 baths · 2,263 ft²
$11,495,000
Est. Payment $61,181/mo
4
Bedrooms
3.5
Bathrooms
2,263
Sq. Ft.
2026
Year Built
2
Garage
99
Days on Market
Description
Casa Bahia is a rare waterfront opportunity - Plans Included & Ready to Build - on the exclusive, guard-gated Palm Island, masterfully designed by Borges + Associates. Offered with the land and a full set of approved plans for a new 3,800 SF modern residence, this offering saves up to three years of design, review, and planning - allowing you to break ground immediately and be the first to enjoy this bespoke bayfront retreat. The thoughtfully curated floor plan features four bedrooms with ensuite baths, expansive light-filled living spaces, a chef’s kitchen, private elevator, and a rooftop terrace designed to capture sweeping water views over Biscayne Bay. Seamless indoor-outdoor living invites tranquil mornings by the water and vibrant sunset gatherings framed by Miami’s tropical skyline. Within Palm Island’s private enclave, residents enjoy an exclusive park with tennis courts, basketball, soccer field, and playground. Just minutes from South Beach, Brickell, Wynwood, and the Miami Design District, Casa Bahia offers effortless access to world-class dining, luxury shopping, cultural destinations, and premier boating - while preserving the privacy, security, and prestige of island living.
Facts
- MLS#
- A11972744
- 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.
- 2,263 ft²
- Sq. Mt.
- 210 m²
- Price per sq. ft.
- $5,080/ft²
- Price per sq. mt.
- $54,738/m²
- Stories
- —
- Garage
- 2 spaces
- Pool
- —
- Days on Market
- 99 days
- Listed
- Feb 27, 2026
- Last Updated
- May 3, 2026
- Price/Lot Sq.Ft.
- $1,642/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
July 2026
42
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).
| 2/27/2026 | Listed for sale | $11,495,000 |
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.
Apple Tree Academy IvPK,KG · private · 3.1 mi
Murray Middle School6,7,8 · public · 3.2 mi
Hobe Sound Christian AcademyPK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 3.5 mi
Sea Wind Elementary SchoolPK,KG,1,2,3,4,5 · public · 3.5 mi
Hobe Sound Elementary SchoolPK,KG,1,2,3,4,5 · public · 3.5 mi
Banner Lake Club, IncKG,1,2,3 · private · 3.8 mi
The Pine SchoolKG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 4.1 mi
The Pine SchoolKG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 4.1 mi
Port Salerno Elementary SchoolPK,KG,1,2,3,4,5 · public · 4.4 mi
Clark Advanced Learning Center9,10,11,12 · charter · 4.7 mi
Estimated Monthly Payment
$70,910/mo
Principal & Interest
$61,181
Property Tax
$9,579
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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