Palm Island Home Sells for $7,500,000

120 Palm Ave

120 Palm Avenue, Palm Island, Miami Beach – Broker: Engel and Voelkers

It’s been six months since there has been a sale on Palm Island in Miami Beach.  One Twenty Palm Ave. recently sold for $7,500,000 or an impressive $1,161 a square foot.

Built in the 1930’s, this 6 bedroom, 6.5 bath waterfront estate , with  6,461 square feet of living space, retains its old world charm with modern updates.

Magical Palm Island

Palm Island is a spectacular man-made island surrounded by Biscayne Bay. It is connected to neighboring Hibiscus Island to the north and is adjacent to Star Island to the east.  Located off MacArthur Causeway, Palm Island is perfectly central to South Beach or Downtown Miami.

Homes on the island are known for their unique architectural style ranging from classic Mediterranean and Art Deco to Modern and Contemporary masterpieces.  Most of the perimeter island properties are on 30,000 square foot lots with 90 feet of waterfront, accommodating large yachts and seaplanes.

The island has enormous neighborhood cohesiveness with a central park that includes lighted tennis courts, basketball court, children’s playground, and racquetball courts.  There is 24 hour gated security making this island one of the most sought after luxury residences in all of South Florida.

I am a luxury specialist in Pinecrest, Coral Gables and Coconut Grove.  If you would like to schedule a buyer or seller meeting, kindly give me a call at 305-898-1852 or drop me a note at

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