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49 Palm AveMiami Beach, FL 33139

For Sale

$38,500,000

Smart Buyer Rebate $385,000

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

Listed by Jorge Martinez

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License #0678035

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One Sotheby's International Re

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786-286-4344

Listed by Roland Ortiz

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License #0697545

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One Sotheby's International Re

Last updated June 27, 2025

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Source: MIAMIRE #A11702121

Listing Facts

  • TypeSingle-family
  • NeighborhoodPalm Island
  • Bedrooms8
  • Bathrooms10
  • Days on Prevu278
  • Taxes$215,744/year
  • Size11,307 sqft
  • Price per sqft$3,405

Amenities

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

Location

Mortgage Calculator

Listing History

12/02/2024
Listed by One Sotheby's International Re
$38,500,000

Property Details for 49 Palm Ave

Association

Amenities

  • Community Features: Clubhouse, Tennis Court(s), Gated Community
  • Pets Allowed: Yes

Exterior

Construction

  • Property Condition: Substantially Remodeled
  • Roof: Barrel Roof
  • Structure Type: House
  • Window Features: Clear Impact Glass, Complete Impact Glass, Arched Windows, Blinds, High Impact Windows
  • Year Built: 1926
  • Year Built Details: Resale
  • Architectural Style: Attached, Two Story
  • Building Name: PALM ISLAND
  • Construction Materials: Concrete Block Construction
  • Entry Location: Foyer
  • Exterior Features: Lighting, Open Balcony

Features

  • Direction Faces: South
  • Other Structures: Guest House
  • Patio And Porch Features: Awning(s), Deck, Open Balcony
  • Pool Features: In Ground, Equipment Stays, Pool/Spa Combo
  • View: Bay, Water
  • Waterfront Features: Ocean Access, Navigable Water, Seawall
  • Waterfront: Yes

Measurements

  • Building Area Total: 15,182
  • Building Area Units: Square Feet
  • Frontage Length: 100
  • Frontage Type: Bay
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Lot Size Square Feet: 30,000
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 02-42-05-001-0140
  • Tax Annual Amount: $215,744.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Dishwasher, Disposal, Dryer, Free-Standing Freezer, Gas Water Heater, Ice Maker, Microwave, Gas Range, Wall Oven
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Interior Features: Closet Cabinetry, Elevator, Entrance Foyer, French Doors, Pantry, Split Bedroom, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Florida Room, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Media Room, Sauna, Utility Room/Laundry
  • Spa: Yes

Measurements

  • Living Area: 11,307
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 7
  • Bathrooms Half: 3
  • Bathrooms Total Integer: 10
  • Bedrooms Total: 8

Other

Location

  • Subdivision Name: PALM ISLAND

Parking

Parking

  • Covered Spaces: 8
  • Garage Spaces: 8
  • Garage: Yes
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Covered, Guest

Utilities

Equipment

  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Has Cooling: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Electric
  • Has Heating: Yes
  • Laundry Features: Utility Room/Laundry
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Sewer: Public Sewer
  • Water Source: Municipal Water

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.