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16 Palm AveMiami Beach, FL 33139

For Sale

$27,500,000

Smart Buyer Rebate $275,000

Step Inside With Me! This Palm Island Estate spans over 35,000 SF of prime waterfront land with an extraordinary 220 linear feet on Biscayne Bay. 16 Palm is a monumental parcel of true magnitude offering the potential to enhance the existing Mediterranean Revival home (see renderings) or create a new 17,500 SF modern mansion. The choice is yours! A trophy residence can be achieved here within one of Miami Beach’s most exclusive gated island communities. The present-day home, renovated in 2009, welcomes you with sun-filled interiors, lush courtyards, and grand entertaining spaces. Additional amenities elevate the residence with a theater, gym, dual steam rooms, and a wine cellar. With Southeast exposure and captivating downtown skyline views, the site allows for a visionary new construction or a significant expansion of the existing structure. Live minutes to South of Fifth and in close proximity to Downtown Miami while enjoying Palm Island's rare amenities: playground, tennis and basketball courts.

Listed by Dina Goldentayer

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License #3116846

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Douglas Elliman

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786-277-7539

Last updated February 20, 2026

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Source: MIAMIRE #A11957898

Listing Facts

  • TypeSingle-family
  • NeighborhoodPalm Island
  • Bedrooms6
  • Bathrooms7
  • Days on Prevu42
  • Taxes$320,750/year
  • Size9,209 sqft
  • Price per sqft$2,986

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed
  • Air Conditioning
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

02/20/2026
Price Decreased
$27,500,000
02/03/2026
Listed by Douglas Elliman
$29,500,000

Property Details for 16 Palm Ave

Association

Amenities

  • Community Features: Voluntary Hoa
  • Pets Allowed: Restrictions Or Possible Restrictions

Exterior

Construction

  • Roof: Barrel Roof
  • Structure Type: House
  • Window Features: High Impact Windows
  • Year Built: 1930
  • Year Built Details: Resale
  • Architectural Style: Detached, Two Story
  • Building Name: PALM ISLAND
  • Construction Materials: Concrete Block Construction
  • Exterior Features: Open Balcony

Features

  • Direction Faces: Northwest
  • Patio And Porch Features: Open Balcony
  • Pool Features: In Ground
  • View: Bay
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Measurements

  • Building Area Total: 10,958
  • Building Area Units: Square Feet
  • Frontage Length: 220
  • Frontage Type: Bay
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Lot Size Square Feet: 35,348
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 02-42-05-001-0240
  • Tax Annual Amount: $320,750.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Flooring: Ceramic Floor, Wood
  • Interior Features: First Floor Entry, Cooking Island, Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Media Room

Measurements

  • Living Area: 9,209
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 6
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 7
  • Bedrooms Total: 6

Other

Location

  • Subdivision Name: PALM ISLAND

Parking

Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Municipal Water

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 6 bedrooms and 7 bathrooms in this single-family home at 16 Palm Ave.

Does this single-family home have parking?

Yes, there are 2 parking spaces available for 16 Palm Ave.

What are the annual taxes for 16 Palm Ave?

Annual taxes for this single-family home are estimated at $320,750.

How does 16 Palm Ave compare to other single-family homes in Palm Island?

This single-family home is listed 23% below the average price for single-family homes in Palm Island and has been on the market for 141 less days than the typical home in this area.

What building or home owners association is the single-family home part of?

This single-family home is in the PALM ISLAND building.

What is the square footage on this single-family home?

According to the MLS, this listing is 9,209 sqft.

16 Palm Ave is a 6-bedroom, 7-bath single-family home for sale in Miami Beach FL 33139. Available on Prevu for 42 days at $27,500,000. This includes a recent price decrease of $2,000,000. This home features 9,209 square feet of living space, located in Palm Island. The median listing price for single-family homes in this area is $24,400,000. Property amenities include private outdoor space, dishwasher, pets allowed, air conditioning, parking, swimming pool, and washer/dryer. View other single-family home listings in Miami Beach.

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.