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 Wellins.D@ewm.com.

View Listings on Palm Island

9
Beds
11 | 4
Baths
15,132
SqFt
(13)
 
 
#A11054640 | House

Listing Courtesy of
One Sotheby's International Re

8
Beds
9 | 4
Baths
14,930
SqFt
(62)
 
 
#A11476859 | House

Listing Courtesy of
Compass Florida, LLC

9
Beds
8 | 1
Baths
N/A
SqFt
(69)
 
 
#A11436984 | House

Listing Courtesy of
Douglas Elliman

5
Beds
4 | 1
Baths
4,507
SqFt
(25)
 
 
#A11543947 | House

Listing Courtesy of
Official

4
Beds
3
Baths
1,534
SqFt
(31)
 
 
#A11430453 | House

Listing Courtesy of
Miami Real Estate Group, LLC


The data relating to real estate for sale on this website comes in part from the participating Associations of the Miami Multiple Listing Service. The MLS data provided for the property above is provided courtesy of iHomefinder and Miami Association of REALTORS® The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Miami-JTHS data last updated at March 28, 2024 12:24 PM ET

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