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
For sale
$38,500,000
49 Palm Ave, Miami Beach, FL 33139
8beds
11,307sqft
Est.:
Single Family Residence
Built in 1926
0.69 Acres Lot
$-- Zestimate®
$3,405/sqft
$-- HOA
What's special
Enormous islandExotic treesLush groundsFamily roomGrand saloonArt galleryInsolated movie theater
- 257 days
- on Zillow |
- 2,007 |
- 108 |
Zillow last checked: 7 hours ago
Listing updated: June 27, 2025 at 08:11pm
Listed by:
Jorge Martinez 786-286-4344,
One Sotheby's International Re,
Roland Ortiz 786-253-3949,
One Sotheby's International Re
Source: MIAMI,MLS#: A11702121
Originating MLS: A-Miami Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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
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: $3,405/sqft
- Tax assessed value: $15,095,842
- Annual tax amount: $215,744
- Date on market: 12/2/2024
- Listing terms: All Cash,Conventional
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