How much is my house worth in Palm Island?

Homes in Palm Island closed at a median of $21,759,000 in the last 180 days ($2,301 per square foot), but your value comes from the individual Palm Island closings that match your home's size, lot, condition and view. Enter your address on this page and a broker sends you a written range with the sales behind it, free.

What is the price per square foot in Palm Island?

The median sold price per square foot in Palm Island over the last 180 days is $2,301, against $4,523 for the homes currently listed. Price per square foot falls as homes get larger and rises sharply with water, view and renovation, so use it to compare similar homes, not to price one.

How fast do homes sell in Palm Island?

Homes that closed in Palm Island in the last 180 days took 207 days on average to go under contract, and there are about 6 months of supply on the market. Correctly priced homes sell faster than the average, because the average includes every listing that needed a price reduction first.

Where can I see what sold recently in Palm Island?

The newest Palm Island closings are on this page with the sale price and days on market for each, and the full six months are on the Palm Island recent sales page linked below. They come straight from BeachesMLS and update daily.

Palm Island Recently Sold & Values, Miami Beach

6 homes sold in Palm Island, Miami Beach in the six months to November 8, 2026, at a median $21,759,000 ($2,301 per square foot) and 86.8% of the asking price, after an average 207 days on the market; 6 are for sale now.

Recent Palm Island sales show what buyers paid. A strategy review shows what they mean for your home.

Every home, condo and townhome that closed in Palm Island, Miami Beach, Florida in the last six months, newest first, with the sale price and days on market straight from BeachesMLS.

Homes that closed in Palm Island, Miami Beach in the last six months, newest first, with the sale price, price per square foot and days on market for each. Gated estates in the bay beside Hibiscus Island. These closings are what a Palm Island valuation is built on.

Own a Home in Palm Island? These Sales Set Its Value

A broker compares your home with the closings below and the buyers already working with BreakThru Realty, and calls you with a written value range and your selling options. No fee, nothing listed until you decide.

Find Out If Your Buyer Is Already Looking · Get My Miami Beach Home Value

Palm Island Market at a Glance

Updated November 8, 2026 from BeachesMLS: homes and condos in Palm Island, Miami Beach.

Active listings	6
Median list price	$31,200,000
Median list price per sq ft	$4,523/sq ft
Average days on market	352 days
Sold in the last 180 days	6
Median sold price (180 days)	$21,759,000
Median sold price per sq ft	$2,301/sq ft
Average days to sell	207 days
Sale price as % of list price	86.8%
Months of inventory	6 months
Median sold price vs. a year ago	+245.7%

Source: BeachesMLS, listings whose subdivision or remarks name Palm Island. Sold figures cover closings in the last 180 days, compared with the same 180 days one year earlier. Not an appraisal.

6 sales, newest first.

The 6 sales on this page run from $5,450,000 to $40,000,000, with a median of $21,759,000, about $2,301 per square foot, and they sold in a median of 142 days.

The communities with the most sales here are Palm Island (3) and Riviera 1st & 2nd Addn Am (3), which is every one of them. All of them are single-family homes. Bedrooms run from 4 to 8, a median of 6; they were built between 1926 and 2025, a median of 1995, and 1 in the last ten years. 6 of the 6 had a pool, and 4 were on the water.

Reading Palm Island, Miami Beach Sales

Each sale shows the closing price, the closing date, the price per square foot and the days on market. Compare the closing price with the last asking price to see how much room there was to negotiate, and compare days on market across sales to see which homes were priced right from the start.

Recent Sales Are What a Valuation Is Built On

An estimate of your home's value starts from the closed sales closest to it in place, size, age and features, adjusted for what is different. These are those sales. Request a free valuation and a BreakThru broker prepares it from the ones that match your home, or ask for a comparative market analysis before you list.

What Homes in Palm Island Are Selling For

6 homes closed in Palm Island in the last 180 days at a median of $21,759,000, or $2,301 per square foot, after 207 days on the market on average, and sellers achieved 86.8% of asking. The median is up 245.7% on the same period a year earlier. With a small number of sales a single large or small home can move a median, which is why a valuation works from the individual closings rather than from this figure.

What Buyers Pay For in Palm Island

Palm Island is a guard-gated island of single-family homes in Biscayne Bay off the MacArthur Causeway, next to Hibiscus Island. Homes run from restored 1920s Mediterranean estates to new modern houses by firms such as Choeff Levy Fischman and Kobi Karp, and some lots are offered with approved plans or a house under construction. Waterfront lots face the Miami skyline or Miami Beach; confirm the seawall, dock rights, flood elevation and the status of any approved plans before you offer on a house priced for its land. Those are the things a Palm Island buyer compares from one home to the next, and they are what separate a sale at the top of the range from one at the bottom.

Palm Island Against the Miami Beach Average

A Miami Beach-wide figure blends every neighborhood, every property type and every condition. Palm Island has its own buyers and its own price range, so a home here is valued against Palm Island closings first and against the nearest comparable streets only when there are too few. There are 6 homes for sale in Palm Island today at a median asking price of $31,200,000, about 6 months of supply: that is the competition a new listing is priced against.

How to Get Your Palm Island Home Value

Enter your address on this page. A BreakThru Realty broker pulls the Palm Island closings that match your home, adjusts them for size, condition, lot and view, and calls you within one business day with a written value range and the sales behind it. It is free and carries no obligation, and it extends into a full comparative market analysis and a net proceeds estimate if you are thinking of listing.

Palm Island Home Values: Frequently Asked Questions

How much is my house worth in Palm Island?: Homes in Palm Island closed at a median of $21,759,000 in the last 180 days ($2,301 per square foot), but your value comes from the individual Palm Island closings that match your home's size, lot, condition and view. Enter your address on this page and a broker sends you a written range with the sales behind it, free.
What is the price per square foot in Palm Island?: The median sold price per square foot in Palm Island over the last 180 days is $2,301, against $4,523 for the homes currently listed. Price per square foot falls as homes get larger and rises sharply with water, view and renovation, so use it to compare similar homes, not to price one.
How fast do homes sell in Palm Island?: Homes that closed in Palm Island in the last 180 days took 207 days on average to go under contract, and there are about 6 months of supply on the market. Correctly priced homes sell faster than the average, because the average includes every listing that needed a price reduction first.
Where can I see what sold recently in Palm Island?: The newest Palm Island closings are on this page with the sale price and days on market for each, and the full six months are on the Palm Island recent sales page linked below. They come straight from BeachesMLS and update daily.

Selling in Palm Island? Your Buyer May Already Be Looking.

The closings on this page are what your home's value is built on. BreakThru Realty works with hundreds of prequalified buyers searching for properties. Request a review and a broker prices your home from these sales, checks it against the buyers on file and tells you what the records show.

A value range built from comparable Palm Island, Miami Beach sales, with the reasoning
Whether a buyer already working with BreakThru Realty is looking for a property like yours
The plan that reaches the rest of the market if no buyer on file fits
An estimate of your selling costs and what you would keep after closing
Your timing, privacy and goals, worked through before anything is listed

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