Experience the chance to build your dream home or update the current 2-story waterfront residence on Palm Island’s sought-after western tip, showcasing panoramic views of the Miami skyline and Biscayne Bay. The home features travertine and original wood floors, a spacious family room, and an open living area with direct access to the pool deck. The open kitchen offers a center island and an adjacent dining area. The 2nd-floor primary suite includes custom closets and a lounge area overlooking the city and bay. Outdoors, enjoy a heated pool, seating areas, and covered porch. Boaters will appreciate 78’ of waterfront, private dock, and easy ocean access.
Sold for $8,910,000 on 05/29/25
$8,910,000
316 S Coconut Ln, Miami Beach, FL 33139
4beds
2,340sqft
Single Family Residence
Built in 1940
8,736 Square Feet Lot
$8,859,900 Zestimate®
$3,808/sqft
$8,411 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 01, 2025 at 08:52am
Listed by:
Greg Mirmelli 305-401-4800,
Sterling Equity Realty LLC,
Daniel Bortunk 786-897-5591,
Sterling Equity Realty LLC
Bought with:
Amber Warren, 3585822
Cervera Real Estate Inc.
Source: MIAMI,MLS#: A11672207
Originating MLS: A-Miami Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Other
Cooling
- Central Air
Appliances
- Included: Other
Features
- Other
- Flooring: Other
Interior area
- Total structure area: 3,061
- Total interior livable area: 2,340 sqft
Property
Parking
- Total spaces: 2
- Parking features: Covered
- Carport spaces: 2
Features
- Stories: 2
- Exterior features: Other
- Has private pool: Yes
- Pool features: In Ground
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- Waterfront features: WF/Pool/No Ocean Access, Bay
- Frontage type: Bay/Harbor
- Frontage length: 78
Lot
- Size: 8,736 sqft
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 0242050020570
- Zoning: 0100
- Other equipment: Other
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Other
- Roof: Other
Condition
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & neighborhood
Community
- Community features: Gated
Location
- Region: Miami Beach
- Subdivision: Riviera 1st & 2nd Addn Am
Other
Other facts
- Listing terms: All Cash,Conventional
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$8,859,900