RIVIERA 1ST & 2ND ADDN AM

253 N Coconut Ln, Miami Beach FL 33139

4 beds · 3.5 baths · 2,263 ft²

For Sale · Active Listing

$11,495,000

Est. Payment $61,181/mo

MLS Sheet Video

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

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

July 2026

100/100
Buyers marketSellers market

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).

2/27/2026Listed 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

253 N 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

$70,910/mo

Principal & Interest

$61,181

Property Tax

$9,579

Insurance

$150

HOA

$0

20% ($2,299,000)
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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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.

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Updated within 24 hours

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