Palm Island
257 N Coconut Ln, Miami Beach FL 33139
5 beds · 5.5 baths · 5,202 ft²
$75,000
Est. Payment $399/mo
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
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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
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).
| 7/2/2026 | Listed 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
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Key Point AcademyPK,KG,1,2,3,4,5,6,7,8 · private · 0.4 mi
Miami Tech at Mater Innovation Academy9,10,11,12 · charter · 0.4 mi
School For Advanced Studies-Wolfson11,12 · public · 0.4 mi
New World School Of The Arts9,10,11,12 · public · 0.4 mi
Miami-Dade Online Academy- Virtual Instruction ProgramKG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 0.4 mi
College and Careers9,10,11,12 · public · 0.5 mi
District Instructional Center (Dic)KG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 0.5 mi
District Summer Center CKG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 0.5 mi
District Summer Center DKG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 0.5 mi
District Summer Center EKG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 0.5 mi
Affordability
What you'd typically need to qualify for this rental under the standard 30% rule.
$250,000
gross income / month to qualify
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.
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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