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$38,500,000

49 Palm Ave, Miami Beach FL 33139

8  beds
8.5  baths
11,307  sqft
Single Family Residence
Built in 1926
30,000 Square Feet lot
$3,405/sqft
207 days on market

About this property

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

Interior Details

Bedrooms & bathrooms

  • Bedrooms: 8
  • Bathrooms: 8.5
  • Full bathrooms: 7

Heating & cooling

  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Laundry: Utility Room/Laundry

Features

  • Flooring: Marble, Wood
  • Window Features: Clear Impact Glass, Complete Impact Glass, Arched Windows, Blinds, High Impact Windows
  • Door Features: High Impact Doors, French Doors

Extras

  • Appliances: Dishwasher, Disposal, Dryer, Free-Standing Freezer, Gas Water Heater, Ice Maker, Microwave, Gas Range, Wall Oven
  • Security & Smart Features: Fire Alarm, Smoke Detector
  • Video & virtual tour: View Virtual Tour

Property Details

Parking

  • Garage spaces: 8
  • Parking features: Circular Driveway, Covered, Guest

Features

  • Exterior features: Lighting, Open Balcony
  • Has water view: Yes
  • Waterfront features: Ocean Access, Navigable Water, Seawall

Public Info

  • Lot Size: 30,000 Square Feet
  • Interior Livable Area: 11,307 sqft
  • Year Built: 1926
  • APN: 02-42-05-001-0140
  • County: Miami-Dade County

Tax Information

  • Annual Tax Amount: $215,744
  • Tax Year: 2024

Price History

6/28/2025 Listed for Sale
Source: Miami REALTORS®
$38,500,000
$3,404/sqft

Estimated Monthly Payment

Customize assumptions below to estimate your monthly cost.

Est.
$230,580
Principal & Interest $199,768
Property Taxes $17,979
Home Insurance $12,833
HOA Fees $0

Walk Score

Walk Score
1
Walk Score®
Car-Dependent
Transit Score
46
Transit Score®
Some Transit
Full Walk Score
Bike Score
44
Bike Score®
Somewhat Bikeable
Kevin McCarthy
Kevin McCarthy
Broker & Executive Director of Luxury Sales






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      By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from miamiforward.com and about your inquiry and other home-related matters, but not as a condition of any purchase.