What did 49 Palm Avenue sell for?

49 Palm Avenue sold for $29,000,000 on Oct 5, 2026, about 80.8% of its last asking price of $35,900,000 and about $2,565 per square foot. Recent sales like this one are what buyers and sellers nearby price against.

What are the property taxes on 49 Palm Avenue?

The listing reported annual property taxes of $215,744 for 2024. Taxes are reassessed at the sale price after a purchase, so the new owner's bill will differ from that figure.

When was 49 Palm Avenue built?

49 Palm Avenue was built in 1926 and the listing describes its condition as resale updated/remodeled. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long was 49 Palm Avenue on the market?

49 Palm Avenue was on the market for 673 days before it sold, after the asking price was reduced from $38,500,000 to $35,900,000.

Is 49 Palm Avenue waterfront?

Yes. The listing described the water as no fixed bridge ocean access navigable water seawall bayfront.

Which schools serve 49 Palm Avenue?

The MLS lists Miami Beach South Pointe (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

Is 49 Palm Avenue still for sale?

No. 49 Palm Avenue sold on Oct 5, 2026. BreakThru Realty can show you similar homes for sale nearby, or tell you what a home like yours would sell for today; call or text and a licensed agent will follow up.

49 Palm Avenue, Miami Beach, FL 33139

Sold $29,000,000 · Oct 5, 2026

Last asking price $35,900,000 · 80.8% of asking · 673 days on market

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8 beds
10 baths
11,307 sq ft
Single Family Residence
Built 1926
Updated/Remodeled
Lot 30,056.4 sq ft
15,182 sq ft total
8 garage spaces
Miami-Dade County
MLS# A11702121
Palm Island

About this home

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

Features

Entrance Foyer
Elevator
High Ceilings
Pantry
Walk-In Closet(s)
Bedroom Layout - Split
Closet Cabinetry
Awning(s)
Lighting
Balcony
No Fixed Bridge
Ocean Access
Navigable Water
Seawall
Bayfront
In Ground
Pool/Spa Combo
Equipment Included

Schools

Elementary: Miami Beach South Pointe
Middle: Miami Beach Nautilus
High: Miami Beach

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

One Sotheby's International Realty · MLS@onesothebysrealty.com · Listing agent: Jorge Eduardo Martinez

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

What is your home worth?

49 Palm Avenue sold on Oct 5, 2026. If you own nearby, get a free home valuation or see homes for sale in Miami Beach. Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com.

Questions About 49 Palm Avenue

What did 49 Palm Avenue sell for?: 49 Palm Avenue sold for $29,000,000 on Oct 5, 2026, about 80.8% of its last asking price of $35,900,000 and about $2,565 per square foot. Recent sales like this one are what buyers and sellers nearby price against.
What are the property taxes on 49 Palm Avenue?: The listing reported annual property taxes of $215,744 for 2024. Taxes are reassessed at the sale price after a purchase, so the new owner's bill will differ from that figure.
When was 49 Palm Avenue built?: 49 Palm Avenue was built in 1926 and the listing describes its condition as resale updated/remodeled. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long was 49 Palm Avenue on the market?: 49 Palm Avenue was on the market for 673 days before it sold, after the asking price was reduced from $38,500,000 to $35,900,000.
Is 49 Palm Avenue waterfront?: Yes. The listing described the water as no fixed bridge ocean access navigable water seawall bayfront.
Which schools serve 49 Palm Avenue?: The MLS lists Miami Beach South Pointe (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
Is 49 Palm Avenue still for sale?: No. 49 Palm Avenue sold on Oct 5, 2026. BreakThru Realty can show you similar homes for sale nearby, or tell you what a home like yours would sell for today; call or text and a licensed agent will follow up.

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Nearby ZIP Codes

Other Miami Beach neighborhoods include Bayshore and Normandy Isles. Nearby ZIP codes include 33109 and 33140. This property also neighbors Miami, Brickell, and Key Biscayne. Compare it with the Miami Beach housing market report.