For sale

Price cut: $2.6M (4/1)

$35,900,000

49 Palm Ave, Miami Beach, FL 33139

8beds

11,307sqft

Get pre-qualified

Single Family Residence

Built in 1926

0.69 Acres Lot

$-- Zestimate^®

$3,175/sqft

$-- HOA

What's special

Enormous islandExotic treesLush groundsFamily roomGrand saloonArt galleryInsolated movie theater

Perfectly nestled in the estates of Palm Island, a Mediterranean marvel with over 15K total SF of living space has been masterfully restored. Maintaining original architectural features, the estate boasts modern, state-of-the-art amenities + technology. Sprawling over 30K SF of lush grounds with exotic trees, fountains and 100’ unobstructed waterfront, multiple scenic outdoor lounging+entertaining areas abound,including a rooftop and private deck over the water. The mansion offers 6beds 7/2bths, office, insolated movie theater, grand saloon, formal dining, cognac rm & art gallery. Chef's kitchen features 3 Wolf gas ranges+Subzero appl, enormous island, family room and 2nd dining. The guest villa has a Turkish hammam/sauna, jacuzzi,massage+gym. 2nd fl 3/2.5 living/dining/kitchen 2 elevators

557 days

4,406

247

Loading...

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 10
Full bathrooms: 7
1/2 bathrooms: 3

Rooms

Room types: Den/Library/Office, Florida Room, Media Room

Heating

Central, Electric

Cooling

Ceiling Fan(s), Central Air, Electric

Appliances

Included: Dishwasher, Disposal, Dryer, Free-Standing Freezer, Gas Water Heater, Ice Maker, Microwave, Gas Range, Oven
Laundry: Laundry Room

Features

Closet Cabinetry, Elevator, Entrance Foyer, Pantry, Split Bedroom, Volume Ceilings, Walk-In Closet(s), Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Sauna
Flooring: Marble, Wood
Doors: High Impact Doors, French Doors
Windows: Clear Impact Glass, Complete Impact Glass, Arched Windows, Blinds, High Impact Windows
Has fireplace: Yes

Interior area

Total structure area: 15,182
Total interior livable area: 11,307 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 8
Parking features: Circular Driveway, Covered, Guest, Garage Door Opener
Garage spaces: 8
Has uncovered spaces: Yes

Features

Stories: 2
Entry location: Foyer
Patio & porch: Awning(s), Deck
Exterior features: Lighting, Balcony
Has private pool: Yes
Pool features: In Ground, Equipment Stays, Pool/Spa Combo
Has spa: Yes
Has view: Yes
View description: Bay, Water
Has water view: Yes
Water view: Bay,Water
Waterfront features: Ocean Access, Navigable Water, Seawall, WF/Pool/Ocean Access, Bay
Frontage type: Bay/Harbor
Frontage length: 100

Lot

Size: 0.69 Acres
Features: 1/2 To Less Than 3/4 Acre Lot

Details

Additional structures: Guest House
Parcel number: 0242050010140
Zoning: 2200

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Concrete Block Construction
Roof: Barrel Roof

Condition

Updated/Remodeled
Year built: 1926

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Municipal Water

Community & HOA

Community

Features: Clubhouse, Tennis Court(s), Gated
Security: Fire Alarm, Smoke Detector
Subdivision: Palm Island

HOA

Has HOA: No

Location

Region: Miami Beach

Financial & listing details

Price per square foot: $3,175/sqft
Tax assessed value: $18,095,685
Annual tax amount: $215,744
Date on market: 12/2/2024
Listing terms: All Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$83,786/mo

Price history

Date	Event	Price
4/1/2026	Price change	$35,900,000-6.8%$3,175/sqft
Source: MIAMI #A11702121 Report a problem
12/3/2024	Listed for sale	$38,500,000+10%$3,405/sqft
Source: MIAMI #A11702121 Report a problem
12/8/2022	Listing removed	--
Source: MIAMI #A11135998 Report a problem
12/14/2021	Listed for sale	$35,000,000+618.7%$3,095/sqft
Source: MIAMI #A11135998 Report a problem
12/8/2004	Sold	$4,870,000$431/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$246,853 +14.4%	$10,211,675 +10%
2024	$215,744 +22%	$9,283,341 +10%
2023	$176,848 +13%	$8,439,401 +10%
2022	$156,462 +14.2%	$7,672,183 +10%
2021	$137,060 -0.3%	$6,974,712 0%
2020	$137,422 -0.1%	$6,974,869 0%
2019	$137,557 +7.5%	$6,975,026 +7%
2018	$127,988	$6,521,616 +10%
2017	$127,988 +4.2%	$5,928,742 +10%
2016	$122,832 +14.2%	$5,389,766 +10%
2015	$107,544 +12.1%	$4,899,788 +10%
2014	$95,953 +13.5%	$4,454,353 +10%
2013	$84,552 +0%	$4,049,412 -0.1%
2012	$84,552 +8.7%	$4,054,254 +10%
2011	$77,767 +2.2%	$3,685,686 +8.9%
2010	$76,084 -8.8%	$3,385,818 -15.1%
2009	$83,451 +5.2%	$3,989,397 +3.1%
2007	$79,293 -0.7%	$3,868,069
2006	$79,816	--
2005	$79,816 +25.2%	--
2004	$63,758 +28.5%	--
2003	$49,604 +89.4%	--
2002	$26,189	--
2001	$26,189	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified