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House in Miami Beach, FL 33139Palm Island, 49 Palm Ave
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Own in Palm Island?
Closed
$29,000,000
$10M8
Beds73/2
Baths11,307
SqFt$2,565
$/SqFtSold - Oct 05, 2026
Ultra Luxury House
Built in 1926
8 Parking
Bay,Water View
Waterfront
Two Story
Awnings
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 Number: A11702121
On Site: 684 Days
Updated: 11 Days ago
Page Views: 0
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Features
Bedrooms
- Bedrooms: 8
Bathrooms
- Bathrooms: 7
- Half Bathrooms: 3
Exterior and Lot Features
- Exterior Features: Awnings, Balcony, Deck, SecurityHighImpactDoors, Lighting
- View: Bay,Water
Interior, Heating and Cooling
- Interior Features: Bidet, Bathtub, ClosetCabinetry, DiningArea, SeparateFormalDiningRoom, DualSinks, EntranceFoyer, EatInKitchen, FrenchDoorsAtriumDoors, Fireplace, HighCeilings, JettedTub, KitchenDiningCombo, Pantry, SittingAreaInPrimary, SplitBedrooms, SeparateShower, UpperLevelPrimary, WalkInClosets, Elevator
- Equipment / Appliances: BuiltInOven, Dryer, Dishwasher, Freezer, Disposal, GasRange, GasWaterHeater, IceMaker, Microwave
- Heating Description: Central,Electric
- Cooling Description: CentralAir, CeilingFans, Electric
Building and Construction
- Floor Description: Hardwood,Marble,Wood
- Windows/Treatment: Arched, Blinds, ImpactGlass
- Year Built: 1926
- Year Built Description: Resale
- Style: TwoStory
Waterfront and Water Access
- Waterfront Frontage: Yes
School Information
Other Property Info
- Garage: 8
- Listing Date: 2024-12-02T20:53:10.000-00:00
- Directions: South
- Pets Allowed: No,Yes
Taxes, Fees & More
- Taxes: 215744
- Security Information: GatedCommunity, SmokeDetectors
- Parking Description: CircularDriveway, Covered, Detached, Garage, Guest, GarageDoorOpener
Apples-to-Apples Comparables
Price History
Current
$29M
High
$38.5M
Low
$29M
Total Change
-24.7%Date
Event
Price
Change
Price Per
10/05/2026
Sold
$29M
0%$2,565 ft2
$27,607 m2
04/01/2026
Price Reduced
$29M
-19.22%$2,565 ft2
$27,607 m2
04/01/2026
Price Reduced
$35.9M
-6.75%$3,175 ft2
$34,176 m2
12/02/2024
Listed
$38.5M
$3,405 ft2
$36,651 m2
10/05/2026
$29M
Event
Sold
Change
0%Price Per
$2,565 ft2
$27,607 m2
04/01/2026
$29M
Event
Price Reduced
Change
-19.22%Price Per
$2,565 ft2
$27,607 m2
04/01/2026
$35.9M
Event
Price Reduced
Change
-6.75%Price Per
$3,175 ft2
$34,176 m2
12/02/2024
$38.5M
Event
Listed
Price Per
$3,405 ft2
$36,651 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Jorge Martinez • One Sotheby's International Realty • Buyer Agency Compensation .
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Community Snapshot
3 – 9 BR
Bedrooms
$4.3M – $60M
Price Tier
1,534 - 35,385
SqFt Range
1994
Year Build
2
Total Floors
173
Total Units
Subdivision Amenities
Guard
Playground
Security
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- Spear At Aqua Condo1
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- Surprise Lake House1
- Ten30 South Beach Condo1
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- The Ambassadors Condo1
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- The Courts At South Beach Condo4
- The Danton Condo0
- The Decoplage Condo38
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- The Floridian Condo14
- The Gramercy Condo0
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- The Presidential Condo10
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