Discover this exquisite waterfront new construction masterpiece, designed by renowned Tropical Modern architect, Cesar Molina. The interior features are truly exceptional, with Mia Cucina cabinetry, Wolf + Subzero appliances, state-of-the-art home theatre, gym with steam & sauna. The primary bedroom has a private patio with pool, and an incredibly large closet incl. wet bar. A rare full size rooftop terrace with elevator access is perfect for unforgettable day and nighttime gatherings overlooking the beautiful Miami Skyline. 4 car electric garage with detached upstairs guest house. A private boat dock with 100 ft of water frontage provides a gateway to the open ocean. With its flawless craftsmanship, unrivaled amenities, & idyllic setting, this waterfront estate transcends the ordinary.
Sold for $45,000,000 on 03/05/25
$45,000,000
40 Palm Ave, Miami Beach, FL 33139
8beds
14,930sqft
Single Family Residence
Built in 2023
0.73 Acres Lot
$44,503,400 Zestimate®
$3,014/sqft
$214,561 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 08, 2024 at 02:14pm
Listed by:
Liz Hogan 305-804-9700,
Compass Florida, LLC
Bought with:
Matthew Dugow, 3275887
Compass Florida, LLC.
Source: MIAMI,MLS#: A11476859
Originating MLS: A-Miami Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 13
- Full bathrooms: 9
- 1/2 bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Oven, Washer
- Laundry: Laundry Room
Features
- Bar, Built-in Features, Closet Cabinetry, Kitchen Island, Elevator, Volume Ceilings, Walk-In Closet(s), Wet Bar, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Sauna
- Flooring: Other
- Doors: High Impact Doors
- Windows: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass
- Has fireplace: Yes
Interior area
- Total structure area: 16,968
- Total interior livable area: 14,930 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Electric Vehicle Charging Station(s)
- Garage spaces: 4
- Has uncovered spaces: Yes
Features
- Stories: 2
- Entry location: First Floor Entry
- Patio & porch: Deck
- Exterior features: Built-in Barbecue, Lighting, Balcony
- Has private pool: Yes
- Pool features: In Ground
- Has spa: Yes
- Fencing: Fenced
- Has view: Yes
- View description: Bay, Intracoastal View, Ocean, Water
- Has water view: Yes
- Water view: Bay,Intracoastal View,Ocean,Water
- Waterfront features: Ocean Access, Intracoastal Front, Navigable Water, WF/Pool/Ocean Access, Bay
- Frontage type: Bay/Harbor
- Frontage length: 100
Lot
- Size: 0.73 Acres
- Features: 1/2 To Less Than 3/4 Acre Lot
Details
- Additional structures: Guest House
- Parcel number: 0242050010270
- Zoning: 2200
- Other equipment: Whole House Permanent Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Modern/Contemporary
- Property subtype: Single Family Residence
Materials
- Concrete Block Construction
- Roof: Concrete
Condition
- New Construction
- New construction: Yes
- Year built: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water, Well
Community & neighborhood
Community
- Community features: Gated, Security Patrol, HOA
Location
- Region: Miami Beach
- Subdivision: Palm Island
Other
Other facts
- Listing terms: All Cash,Conventional
Services availability
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Estimated market value
$44,503,400