40 Palm Ave

Miami Beach, FL 33139

$40,000,000
Last Sold Price
8
Beds
14,930 Sq. Ft.
$2,679 / Sq. Ft.
14,930
Sq. Ft.
$2,679
per Sq. Ft.
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Closed 5/8/24
Closed 5/8/24
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Description

Discover this exquisite waterfront new construction masterpiece, designed by renowned Tropical Modern architect, Cesar Molina. The interior features are truly exceptional, with Mia Cucina cabinetry, Wolf + Subzero appliances, state-of-the-art home theatre, gym with steam & sauna. The primary bedroom has a private patio with pool, and an incredibly large closet incl. wet bar. A rare full size rooftop terrace with elevator access is perfect for unforgettable day and nighttime gatherings overlooking...Discover this exquisite waterfront new construction masterpiece, designed by renowned Tropical Modern architect, Cesar Molina. The interior features are truly exceptional, with Mia Cucina cabinetry, Wolf + Subzero appliances, state-of-the-art home theatre, gym with steam & sauna. The primary bedroom has a private patio with pool, and an incredibly large closet incl. wet bar. A rare full size rooftop terrace with elevator access is perfect for unforgettable day and nighttime gatherings overlooking the beautiful Miami Skyline. 4 car electric garage with detached upstairs guest house. A private boat dock with 100 ft of water frontage provides a gateway to the open ocean. With its flawless craftsmanship, unrivaled amenities, & idyllic setting, this waterfront estate transcends the ordinary.

Listing Agent

  1. Liz Hogan

    Liz Hogan

    Listing Agent

    Compass Florida, LLC

    P: (305)-804-9700

    CallText

Property Details for 40 Palm Avenue

Subdivision
PALM ISLAND
Style
WF/Pool/Ocean Access
Waterfront
Yes
Waterfront Description
Bay Front, Intracoastal Front, Navigable
View
Bay, Intracoastal View, Ocean View, Water View
Furnished
Furniture For Sale
Area
42
Auction
No
LISTING CLOSED: 05/08/2024 12:00 AM

Property Details for 40 Palm Avenue

StatusClosed
MLS #A11476859
Days on Market147
Taxes$164,952 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeSingle Family / Single
Year Built2023
Lot Size0.73 AC / 32,000 SF
CountyMiami-Dade County
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Location

Sold By Compass Florida, LLC.

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Building Information for 40 Palm Avenue

Stories2Year Built2023Building Size-Lot Size0.73 AC / 32,000 SF

Payment Calculator

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$213,071 per month

30 year fixed, 6.36% Interest

Principal and Interest

$199,325

Property Taxes

$13,746

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 Palm Avenue

Location Information
Schools
  • Elementary School: South Pointe
  • Middle School: Nautilus
  • Senior High School: Miami Beach
Location Information
  • Parcel Number Free Text: 02-42-05-001-0270
  • Parcel Number MLX: 0270
  • MLS Area: 42
  • Municipal Code: 2
  • Township Range: 42
  • Section: 5
  • Subdivision Number: 1
  • Subdivision Complex Bldg: PALM ISLAND
  • Zoning Information: 2200
General Information
Parking
  • Num Garage Spaces: 4
  • Garage Description: Detached
  • Parking Description: Driveway, Electric Vehicle Charging Station
General Information
  • Front Exposure: North East
  • Housing Older Persons Act: No HOPA
  • Property Sq Ft: 32000
  • Lot Description: 1/2 To Less Than 3/4 Acre Lot
  • Waterfront Frontage: 100
  • Water Access: Private Dock
  • Boat Access: Private Dock
  • Boat Services: Private Dock
  • Spa: Yes
  • Pool: Yes
  • Pool Description: Below Ground Pool
  • Pool Dimensions: 0
  • Design: Detached
  • Design Description: Two Story, Modern/Contemporary
  • Construction: Concrete Block Construction, New Construction
  • Construction Type: Concrete Block Construction, New Construction
  • Roof Description: Concrete Roof
  • Flooring: Other Floors
  • Floor Description: Other Floors
  • Virtual Tour: https://drive.google.com/file/d/1PKXWWA7p5ij8KWouHHY5CQ8W6Al_WtJp/view?usp=drive_link
Room Information
Room Information
  • Rooms Description: Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Guest House, Maid/In-Law Quarters, Media Room, Sauna, Utility Room/Laundry
  • Bedroom Description: At Least 1 Bedroom Ground Level
  • Master Bathroom Description: Bidet, Dual Sinks, Separate Tub & Shower
  • Master Bath Features: Bidet, Dual Sinks, Separate Tub & Shower
  • Dining Description: Eat-In Kitchen, Formal Dining, Kitchen Dining
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Water Description: Municipal Water, Well Water
  • Sewer Description: Municipal Sewer
Additional Property Information
  • Guest Accommodations: Yes
  • Guest House Description: 1 Bath, 1 Bedroom, Kitchen
  • Room Count: 0
  • Furnished: Furniture For Sale
  • Interior Features: First Floor Entry, Bar, Built-Ins, Closet Cabinetry, Cooking Island, Elevator, Fireplace, Volume Ceilings, Walk-In Closets, Wet Bar
  • Equipment Appliances: Dishwasher, Disposal, Dryer, Elevator, Microwave, Gas Range, Refrigerator, Wall Oven, Washer
  • Windows Treatment: High Impact Windows, Impact Glass
  • Exterior Features: Built-In Grill, Deck, Fence, High Impact Doors, Exterior Lighting, Open Balcony
  • Subdivision Information: Gated Community, Security Patrol, Voluntary Hoa
  • Storm Protection: Clear Impact Glass, Complete Impact Glass, High Impact Door, Whole House Permanent Generator
Financial Information
Financial Information
  • Flood Zone: AE
  • Tax Year: 2022
  • Tax Information: Tax Reflects No Exemptions
Rental Information
Furnished / Unfurnished
  • Furnished Info Sold: Unfurnished

Property History for 40 Palm Avenue

DateEvent & SourcePriceAppreciation
Feb 28, 2025

Sold

MiamiRE #A11754196

—
Feb 28, 2025

Listed (Active)

MiamiRE #A11754196

—
Feb 25, 2025

Sold (Public Record)

Public Record #1552745141

$45,000,000

+23.6% / yr

DateEvent & SourcePrice
02/28/2025

Sold

MiamiRE #A11754196

—
02/28/2025

Listed (Active)

MiamiRE #A11754196

—
02/25/2025

Sold (Public Record)

Public Record #1552745141

$45,000,000

+23.6% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Palm Avenue

Taxable ValueLand$19,200,000Additions$9,755,560Total$28,955,560
Tax Record2025$546,195 ($45,516 / month)
Home Facts
Beds7Total Finished SqFt8,854 SqFtAbove Grade Finished SqFt8,854 SqFtStories3Lot Size32,000 SqFtStyleSingle Family ResidenceYear Built2024Zoning2200:ESTATES,CountyMIAMI-DADEAPN02-4205-001-0270

Schools near 40 Palm Avenue

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
South Pointe Elementary School
Public - PK to 5
Air Base K-8 Center for International Education
Public - PK to 8
Nautilus Middle School
Public - 6 to 8
Robert Morgan Voc-Tech Institute
Public - 9 to 12
Rating
School
Distance
South Pointe Elementary School
PublicPK to 5

Air Base K-8 Center for International Education
PublicPK to 8

Nautilus Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.