$22,850,000
Sold · November 21, 2025
16 Palm Avenue
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $22,850,000
- Vs. list price
- 8.2% under
- Days on market
- 311
- Price per sq ft
- $2,481
This 6-bedroom single-family home in Palm Island sold for $22,850,000 on November 21, 2025. That was 8.2% below its final list price of $24,900,000. It first came on the market at $27,900,000, so the price was adjusted before it sold. It spent 311 days on the market. At $2,481 per square foot, it closed 6% below the $2,640 median of the 4 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $22,850,000
- Sold On
- November 21, 2025
- Days on Site
- 311 Days
- Bedrooms
- 6
- Total Baths
- 7
- Full Baths
- 6
- Partial Baths
- 1
- Living Area
- 9,209 sqft
- Total Sq Ft
- 10,958 sqft
- Lot Size
- 0.81 Acres
- Year Built
- 1930
- Property Type
- Single Family
- MLS #
- A11706868
- Property Tax
- $282,402 (2023)
- Subdivision
- PALM ISLAND
- County
- Miami Dade
- Status
- Sold
About This Property
This Mediterranean Revival estate seamlessly blends classic architecture with modern luxury. Fully renovated in 2009, the home sits on a sprawling 35,348 sq. ft. lot on prestigious Palm Island, offering 220’ of prime south-facing waterfront capable of accommodating yachts up to 205’. A spacious addition includes a luxurious primary suite, chef’s kitchen, and family wing. Exceptional amenities include a home theater, gym, steam rooms, bocce court, wine cellar, heated pool, spa, private beach, and a serene courtyard. A separate guest house, smart home technology, lighting controls, and solar panels complete this lush, gated haven. Surrounded by exotic landscaping, this estate embodies sophistication and privacy in the exclusive, police-guarded Palm Island community.
General Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 1930
- Property Condition
- Resale
- Number of Stories
- 2
- Levels
- Two
- Garage Spaces
- 2
- Parking
- Circular Driveway / Covered / Driveway / Detached / Garage / Guest
- Direction Faces
- Southeast
- Lot Size (Acres)
- 0.81
- Living Sq Ft
- 9,209
- Total Sq Ft
- 10,958
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 2200
Interior Features
- Appliances
- Dryer / Dishwasher / Gas Range / Gas Water Heater / Ice Maker / Microwave / Oven / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Marble / Wood
- Interior Features
- Built In Features / Closet Cabinetry / Kitchen Island / Main Level Primary / Upper Level Primary / Bar / Walk In Closets
Exterior Features
- Construction
- Block
- Roof
- Concrete
- Architectural Style
- Mediterranean
- Private Pool
- Yes
- Pool Features
- Heated / In Ground / Pool Spa Combo
- Lot Features
- Fruit Trees
- Waterfront
- Yes
- Waterfront Features
- Bayfront / Navigable Water / No Fixed Bridges / Ocean Access / Seawall
- Frontage
- Waterfront
- Frontage Length
- 220.00 ft
- View
- Bay / Water
Community & HOA
- Association Amenities
- Gated / Other / Picnic Area / Tennis Courts
- Community Features
- Home Owners Association
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 2420
About the Community
Palm Island is an age-restricted 55+ community in Miami Beach, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $22,900,000 to $60,000,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Palm Island and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 1
- Under Contract
- 1
- Median List Price
- $60,000,000
- Median $/Sq Ft
- $3,965
- Avg Days on Market
- 556
Frequently Asked Questions
- How do I schedule a tour of 16 Palm Avenue, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 16 Palm Avenue, Miami Beach, FL 33139. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 16 Palm Avenue, Miami Beach, FL 33139 still available?
- 16 Palm Avenue, Miami Beach, FL 33139 is currently listed as Sold, and has been on the market 311 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 16 Palm Avenue, Miami Beach, FL 33139?
- With 20% down ($4,980,000) on the $24,900,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 16 Palm Avenue, Miami Beach, FL 33139 is about $130,860/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 16 Palm Avenue, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 16 Palm Avenue, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 16 Palm Avenue, Miami Beach, FL 33139?
- Often, yes. The right offer on 16 Palm Avenue, Miami Beach, FL 33139 depends on how it's priced against comparable single family sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Venetian International, LLC.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$22,850,000
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Listed by Luis Bosch, Venetian International, LLC.
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Recent Sales
Recently sold homes in Palm Island
These are the last 6 recorded closings in Palm Island, with the price each home actually sold for rather than what it was listed at. They closed at a median of $2,715 per square foot. The most recent closed on October 5, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$29,000,000
Sold · October 5, 2026
49 Palm Avenue
8 bed · 8.5 bath · 11,307 sqft · $2,565/sqft
$6,900,000 under the asking price
Sold$21,000,000
Sold · August 12, 2026
93 Palm Avenue
0 bed · 0 bath
$2,500,000 under the asking price
Sold$21,000,000
Sold · August 12, 2026
93 Palm Avenue
0 bed · 0 bath
$2,500,000 under the asking price
Sold$40,000,000
Sold · July 1, 2026
145 Palm Avenue
5 bed · 5.5 bath · 11,639 sqft · $3,437/sqft
$7,000,000 under the asking price
Sold$25,000,000
Sold · June 5, 2026
16 Palm Avenue
6 bed · 6.5 bath · 9,209 sqft · $2,715/sqft
$2,500,000 under the asking price
Sold$1,575,000
Sold · September 25, 2025
505 Sabal Way
5 bed · 3.5 bath · 3,671 sqft · $429/sqft
$75,000 under the asking price
See every recorded sale in Palm Island or find out what your Palm Island home is worth.
