$22,900,000
185 Palm Avenue
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $22,900,000
- Price per sq ft
- $4,078
- Vs. nearby sales
- 54.5% above
- Days on market
- 128
This 5-bedroom single-family home in Palm Island went under contract with an asking price of $22,900,000, or $4,078 per square foot. It spent 128 days on the market before going under contract. The 4 most recent single-family home sales in the closings shown below sold at a median of $2,640 per square foot, so the asking price was 54.5% above what comparable homes here actually sold for.
Estimated monthly payment
$120,349 /mo
Principal and interest only, based on $4,580,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $22,900,000
- Days on Site
- 128 Days
- Bedrooms
- 5
- Total Baths
- 6
- Full Baths
- 5
- Partial Baths
- 1
- Living Area
- 5,616 sqft
- Total Sq Ft
- 6,646 sqft
- Lot Size
- 0.69 Acres
- Year Built
- 1939
- Property Type
- Single Family
- MLS #
- B26002058
- Property Tax
- $97,963 (2025)
- Subdivision
- PALM ISLAND
- County
- Miami Dade
- Status
- Under Contract
- Special Conditions
- Standard
General Features
- Property Type
- Single Family
- Status
- Under Contract
- Year Built
- 1939
- Property Condition
- Resale
- Number of Stories
- 2
- Levels
- Two
- Parking
- Attached Carport / Circular Driveway / Covered / Carport / Driveway / Garage / Paver Block
- Direction Faces
- South
- Lot Size (Acres)
- 0.69
- Living Sq Ft
- 5,616
- Total Sq Ft
- 6,646
- Structure Type
- House
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 2200
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Water Heater / Disposal / Gas Range / Ice Maker / Microwave / Oven / Water Purifier Owned / Refrigerator / Water Softener Owned / Water Softener / Water Heater / Water Purifier / Washer
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central
- Flooring
- Ceramic Tile / Wood
- Spa
- Yes
- Spa Features
- In Ground
- Interior Features
- Kitchen Island / Multiple Primary Suites / Multiple En Suite Bathrooms / Pantry / Upper Level Primary
- Laundry
- Laundry Room
- Main Level Bedrooms
- 3
- Main Level Baths
- 3
- Total Rooms
- 1
- Furnished
- Negotiable
Exterior Features
- Construction
- Block
- Roof
- Tile
- Exterior Features
- Balcony / Barbecue / Courtyard / Outdoor Living Area / Uncovered Courtyard
- Private Pool
- Yes
- Pool Features
- Concrete / In Ground
- Patio & Porch
- Deck / Open / Patio / Porch / Terrace / Balcony
- Lot Features
- None
- Waterfront
- Yes
- Waterfront Features
- Bayfront / Canal Access / Canal Front / No Fixed Bridges / Ocean Access
- Frontage
- Waterfront
- Frontage Length
- 100.00 ft
- View
- Bay / Canal / Pool / Water
Community & HOA
- Community Features
- Gated
- Security
- Security System Leased / Fire Alarm / Gated Community / Security Guard
- Utilities
- Cable Available / Electricity Available / Natural Gas Available / Sewer Available / Water Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Other Restrictions
- MLS Area
- 2320
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 185 Palm Avenue, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 185 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 185 Palm Avenue, Miami Beach, FL 33139 still available?
- 185 Palm Avenue, Miami Beach, FL 33139 is currently listed as Under Contract, and has been on the market 128 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 185 Palm Avenue, Miami Beach, FL 33139?
- With 20% down ($4,580,000) on the $22,900,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 185 Palm Avenue, Miami Beach, FL 33139 is about $120,349/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 185 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 185 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 185 Palm Avenue, Miami Beach, FL 33139?
- Often, yes. The right offer on 185 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 Florida Capital Realty
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 June 23, 2026.
$22,900,000
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Listed by Thierry Riahi, Florida Capital Realty
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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$22,850,000
Sold · November 21, 2025
16 Palm Avenue
6 bed · 6.5 bath · 9,209 sqft · $2,481/sqft
$2,050,000 under the asking price
See every recorded sale in Palm Island or find out what your Palm Island home is worth.
