David Ramirez
$35,900,000$38,500,0008 bd8.5 ba11,307 sqft$3,175 /sqft$225,316 /mo all-in ↓

49 Palm Ave, Miami Beach FL 33139, MIAMI BEACH, FL, 33139

Active616 days on marketListed Dec 2, 2024MLS #A11702121

Reduced $2.6MWaterfrontSingle Family ResidencePALM ISLAND

About this home

49 Palm Ave, Miami Beach FL 33139

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

Facts & features

The home at a glance

8

Bedrooms

8.5

Bathrooms

11,307

Sqft

8

Garage

1926

Year built

$3,175

Per sqft

WaterfrontFireplaceBay & Water viewPartiallyPets allowed

Inside

FlooringMarble · Wood
AppliancesDishwasher · Disposal · Dryer · Gas Range · Gas Water Heater · Ice Maker · Microwave · Free-Standing Freezer · Wall Oven
InteriorCloset Cabinetry · Elevator · Entrance Foyer · French Doors · Pantry · Split Bedroom · Volume Ceilings · Walk-In Closet(s) · Den/Library/Office · Florida Room · Separate Guest/In-Law Quarters · Maid/In-Law Quarters · Media Room · Sauna · Utility Room/Laundry
LaundryUtility Room/Laundry
CoolingCeiling Fan(s) · Central Air · Electric
HeatingCentral · Electric
FurnishedPartially

Outside & construction

RoofBarrel Roof
ConstructionConcrete Block Construction
ViewBay · Water
FacesSouth
ParkingCircular Driveway · Covered · Guest
ExteriorLighting · Open Balcony

Community & fees

Taxes (2024)$215,744/yr
PetsYes
CommunityClubhouse · Tennis Court(s) · Gated Community

Utilities & systems

WaterMunicipal Water

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$225,316 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$193,715
PMI (est., until 20% equity)$13,463
Property tax — 2024 actual bill$17,979
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $3,590,000Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $3,590,000
Interest rate6.00%
Loan term

Estimated payment

$225,316/mo

Principal & interest$193,715
PMI (est., until 20% equity)$13,463
Property taxes (actual bill)$17,979
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

$/sqft vs Miami Beach actives

$3,175 vs $728

Days on market

616 vs 91 typical

Where $3,175/sqft sits among the 394 Miami Beach actives

229
73
37
20
9
26 · this home
$355–845$845–1336$1336–1826$1826–2317$2317–2807$2807+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Palm Island

Map of 49 Palm Ave, Miami Beach FL 33139 inside its neighborhood boundary

Get to know Miami Beach. See the full Miami Beach guide →

Palm Island — neighborhood snapshot

Population

319

Median age

35

Median income

$249,028

Median home value

$2,000,000

Avg household

3

Households w/ children

44%

For the school run

Dade County School District

ElementaryMiami Beach South Pointe Elementary School★★★★
HighMiami Beach Senior High School★★★★★
District Instructional Center (Dic)
MiddleMiami Beach Nautilus Middle School★★★★★
Instructional Center System Wide
Title I Migrant Education Program

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Miami Beach market

Seller’s marketLeans buyer23.7 months of inventoryBuyer’s market

$285K$525K

Miami Beach median sold, yr/yr

95.1%

Sale-to-list ratio (12 mo)

19 of 394

Miami Beach actives have cut their price

Median sold price, Miami Beach, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 51186% above the MIAMI BEACH 33139 median. See the full Miami Beach market guide →

Paper trail

This home's history

CurrentPrice reduced to $35,900,000 $2.6M
Dec 2, 2024Listed at $38,500,000 · 616 days on market since
1926Built · PALM ISLAND

Reality check

What actually sold near 49 Palm Ave

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

145 Palm Ave, Miami Beach FL 33139Sold · Jul ’26

$40,000,000

145 Palm Ave, Miami Beach FL 33139 · same community

5 bd · 5.5 ba · 11,639 sqft · $3,437/sqft · 194 DOM

16 Palm Ave, Miami Beach FL 33139Sold · Jun ’26

$25,000,000

16 Palm Ave, Miami Beach FL 33139 · same community

6 bd · 6.5 ba · 9,209 sqft · $2,715/sqft · 73 DOM

16 Palm Ave, Miami Beach FL 33139Sold · Nov ’25

$22,850,000

16 Palm Ave, Miami Beach FL 33139 · same community

6 bd · 6.5 ba · 9,209 sqft · $2,481/sqft · 311 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 49 Palm Ave — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 49 Palm Ave — before you fall in love.

See it in person

Schedule a tour

Pick a day that works — this goes straight to David's phone and CRM.

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Goes straight to David’s phone and CRM.

Straight answers

49 Palm Ave FAQs

What would the monthly payment be for 49 Palm Ave, Miami Beach FL 33139?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $225,316/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 49 Palm Ave, Miami Beach FL 33139?+

The most recent tax bill on record (2024) was $215,744. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 49 Palm Ave, Miami Beach FL 33139?+

The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Miami Beach?+

At $35,900,000, this home is listed about 5424% above the Miami Beach median of $649,900. The market section on this page shows how the area is trending.

Which schools are assigned to 49 Palm Ave, Miami Beach FL 33139?+

Miami Beach South Pointe Elementary School (elementary), Miami Beach Senior High School (high), District Instructional Center (Dic) (), Miami Beach Nautilus Middle School (middle), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.

The brief

Five things that matter here

01Positioned at the premium end

$35,900,000 runs 51186% above the MIAMI BEACH 33139 median — but at 11,307 sqft it's also nearly 12 times the size of the typical Miami Beach listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Time on market is leverage

616 days on market against a Miami Beach median of 91 — sellers in this position are usually ready to negotiate.

04Strong assigned schools

Miami Beach South Pointe Elementary School, Miami Beach Senior High School, District Instructional Center (Dic), Miami Beach Nautilus Middle School, Instructional Center System Wide, Title I Migrant Education Program — Miami Beach South Pointe Elementary School rates 4 of 5. Always verify assignments with the district.

05The price has already moved

Listed at $38,500,000, now $35,900,000 — a $2.6M cut. The full history is in the market section below.

Listing courtesy of One Sotheby's International Realty · Jorge Martinez. MLS #A11702121.

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 Miami Association of REALTORS®.

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