RIVIERA 1ST & 2ND ADDN AM

215 Palm Ave, Miami Beach FL 33139

4 beds · 5.5 baths · 6,626 ft²

For Sale · Active Listing

$6,999,000

6.68%

Est. Payment $37,252/mo

MLS Sheet Video

4

Bedrooms

5.5

Bathrooms

6,626

Sq. Ft.

2004

Year Built

2

Garage

71

Days on Market

Description

An architectural statement on Palm Island's exclusive guard-gated enclave, this fully reimagined contemporary residence delivers a rare combination of scale, privacy, and elevated resort-style living. Spanning more than 6,600 square feet across three levels, each accessible by private elevator, this home was meticulously redesigned to maximize light, volume, and seamless indoor-outdoor flow. Walls of floor-to-ceiling glass frame every principal living space, flooding the interiors with natural light while creating an effortless connection to lush tropical surroundings. Wide-plank hardwood floors and refined Italian finishes establish a sophisticated yet relaxed atmosphere throughout. Designed for both intimate living and grand-scale entertaining, the expansive living room, sunroom, dining area, and chef's kitchen unfold as one stunning open-concept environment. Dual primary suites offer a private sanctuary experience, complete with custom Italkraft closets and spa-like baths finished with imported Italian materials. The crown jewel is a 2,700+ SF rooftop sky terrace, among the largest private rooftop retreats on Palm Island, delivering panoramic water views, glowing sunsets, and the iconic Miami skyline as an unforgettable backdrop. Moments from South Beach, world-class dining, and luxury shopping. A rare turnkey opportunity in one of South Florida's most coveted neighborhoods.

Facts

MLS#
A11998519
Subdivision
RIVIERA 1ST & 2ND ADDN AM
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
2004
Lot Size
6,000 ft²
Sq. Ft.
6,626 ft²
Sq. Mt.
616 m²
Price per sq. ft.
$1,056/ft²
Price per sq. mt.
$11,362/m²
Stories
Garage
2 spaces
Pool
Days on Market
71 days
Listed
Apr 13, 2026
Last Updated
Jun 23, 2026
Price/Lot Sq.Ft.
$1,167/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).

5/5/2026Price change$6,999,000-6.7%
4/13/2026Listed for sale$7,500,000

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

Location

215 Palm Ave, 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

$43,234/mo

Principal & Interest

$37,252

Property Tax

$5,833

Insurance

$150

HOA

$0

20% ($1,399,800)
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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