$29,000,000
Sold · October 5, 2026
49 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
- $29,000,000
- Vs. list price
- 19.2% under
- Days on market
- 673
- Price per sq ft
- $2,565
This 8-bedroom single-family home in Palm Island sold for $29,000,000 on October 5, 2026. That was 19.2% below its final list price of $35,900,000. It first came on the market at $38,500,000, so the price was adjusted before it sold. It spent 673 days on the market. At $2,565 per square foot, it closed in line with the $2,598 median of the 4 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $29,000,000
- Sold On
- October 5, 2026
- Days on Site
- 673 Days
- Bedrooms
- 8
- Total Baths
- 10
- Full Baths
- 7
- Partial Baths
- 3
- Living Area
- 11,307 sqft
- Total Sq Ft
- 15,182 sqft
- Lot Size
- 0.69 Acres
- Year Built
- 1926
- Property Type
- Single Family
- MLS #
- A11702121
- Property Tax
- $215,744 (2024)
- Subdivision
- PALM ISLAND
- County
- Miami Dade
- Status
- Sold
About This Property
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
MLS media linkGeneral Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 1926
- Property Condition
- Resale / Updated Remodeled
- Number of Stories
- 2
- Levels
- Two
- Garage Spaces
- 8
- Parking
- Circular Driveway / Covered / Detached / Garage / Garage Door Opener / Guest
- Direction Faces
- South
- Lot Size (Acres)
- 0.69
- Living Sq Ft
- 11,307
- Total Sq Ft
- 15,182
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 2200
Interior Features
- Appliances
- Dryer / Dishwasher / Free Standing Freezer / Disposal / Gas Range / Gas Water Heater / Ice Maker / Microwave / Oven
- Cooling
- Central Air / Ceiling Fans / Electric
- Heating
- Central / Electric
- Flooring
- Marble / Wood
- Fireplace
- Yes
- Spa
- Yes
- Spa Features
- In Ground
- Interior Features
- Bidet / Bathtub / Closet Cabinetry / Dining Area / Separate Formal Dining Room / Dual Sinks / Entrance Foyer / Eat In Kitchen / Elevator / High Ceilings / Jetted Tub / Kitchen Dining Combo / Pantry / Sitting Area In Primary / Split Bedrooms / Soaking Tub / Separate Shower / Upper Level Primary / Walk In Closets
- Windows
- Arched / Blinds
- Total Rooms
- 6
- Furnished
- Partially
Exterior Features
- Construction
- Block
- Roof
- Barrel
- Exterior Features
- Awnings / Balcony / Lighting / Outdoor Living Area
- Private Pool
- Yes
- Pool Features
- In Ground / Pool Equipment / Pool Spa Combo
- Patio & Porch
- Deck / Open / Balcony
- Lot Features
- Sprinklers Automatic
- Waterfront
- Yes
- Waterfront Features
- Bayfront / Navigable Water / No Fixed Bridges / Ocean Access / Seawall
- Frontage
- Waterfront
- Frontage Length
- 100.00 ft
- View
- Bay / Water
Community & HOA
- Association Amenities
- Clubhouse / Gated / Tennis Courts
- Security
- Fire Alarm / Smoke Detectors
- Utilities
- Cable Available
- Pets Allowed
- No Pet Restrictions / Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Ok To Lease
- MLS Area
- 2420
Schools
- Elementary School
- Miami Beach South Pointe
- Middle School
- Miami Beach Nautilus
- High School
- Miami Beach
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 49 Palm Avenue, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 49 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 49 Palm Avenue, Miami Beach, FL 33139 still available?
- 49 Palm Avenue, Miami Beach, FL 33139 is currently listed as Sold, and has been on the market 673 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 49 Palm Avenue, Miami Beach, FL 33139?
- With 20% down ($7,180,000) on the $35,900,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 49 Palm Avenue, Miami Beach, FL 33139 is about $188,670/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 49 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 49 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.
- What schools serve 49 Palm Avenue, Miami Beach, FL 33139?
- 49 Palm Avenue, Miami Beach, FL 33139 is zoned for Miami Beach South Pointe (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 49 Palm Avenue, Miami Beach, FL 33139?
- Often, yes. The right offer on 49 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 One Sotheby's International 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.
$29,000,000
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Listed by Jorge Eduardo Martinez, One Sotheby's International 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 August 12, 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$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
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.
