Palm Island

257 N Coconut Ln, Miami Beach FL 33139

5 beds · 5.5 baths · 5,202 ft²

For Sale · Active Listing

$75,000

Est. Payment $399/mo

MLS Sheet

5

Bedrooms

5.5

Bathrooms

5,202

Sq. Ft.

1958

Year Built

5

Garage

2

Stories

0

Days on Market

Description

Welcome to Palm Island, a place where life slows down the moment you drive through the gates. Four-car garage with a lift for a fifth. Newly renovated inside and out, this waterfront pool home has amazing views of Hibiscus Island and the bay. Inside, the home is warm, open, and designed for real living with all-new furnishings. The family room flows into a beautiful gourmet kitchen, making it easy to cook, gather, and entertain. The pool deck overlooks wide bay views, and the private dock with two boat slips means your boat is always ready for a spontaneous sunset cruise. Included is a guest house for a separate office, visiting family, long-term guests, or staff who need their own space with its own full kitchen and bath, giving everyone privacy without feeling disconnected. But what really makes this home special is the community. Palm Island is quiet, safe, and incredibly welcoming neighborhood. You get 24/7 guard-gated security, tennis courts, a covered playground, basketball court, picnic areas, and the famous Halloween Party. It feels tucked away, yet you’re minutes from South Beach, Downtown, Brickell, I95 and the airport. This is a home for someone who wants comfort, space, and the full Miami waterfront lifestyle without sacrificing warmth or privacy. A true Palm Island gem, ready to enjoy.

Facts

MLS#
A12046643
Subdivision
Palm Island
Property Type
Residential Lease
Property Sub Type
Single Family Residence
Year Built
1958
Lot Size
7,000 ft²
Sq. Ft.
5,202 ft²
Sq. Mt.
483 m²
Price per sq. ft.
$14/ft²
Price per sq. mt.
$155/m²
Stories
2
Garage
5 spaces
Pool
Days on Market
Listed
Jul 2, 2026
Last Updated
Jul 2, 2026
Price/Lot Sq.Ft.
$11/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

54

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).

7/2/2026Listed for sale$75,000

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

Location

257 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.

Affordability

What you'd typically need to qualify for this rental under the standard 30% rule.

$250,000

gross income / month to qualify

Monthly rent$75,000
Required annual income$3,000,000
Security deposit (est.)$75,000
Move-in cost (1st + last + security)$225,000

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.

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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