55 Palm Avenue, Miami Beach, FL 33139

$11,950,000
Property Type: Residential Bedrooms: 8 Baths: 11 Square Footage: 12,184 Status: Closed
Current Price: $11,950,000 List Date: 1/05/2009 Last Modified: 8/13/2026

Overview

Description

Unique historical restoration of original 1920's Spanish Colonial Palm Island residence providing city tax abatement for 10 years plus a 10,000 SF modern addition. 12 foot Cathedral & coffered ceilings, Bulthaup kitchen, interior courtyard, amazing backy ard w/ gazebo & pool cabana. Gorgeous views of intercostals & MB skyline. One of a kind master suite w/ private terr. Enchanting guesthouse w/ plenty of rm & privacy and much more.

Listing Details MLS# M1290469

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
8
Bathrooms Total
11
Bathrooms Full
9
Bathrooms Half
2
Building Area Main
12184
Living Area Main
12184
Year Built
1928
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
3
Covered Spaces
3
Lot Size Dimensions
100X 300
Senior Community YN
No
Guest House YN
Yes
Waterfront YN
Yes
Water Frontage Feet
100
Outdoor Living Spaces YN
Yes
Stories Total
2
Direction Faces
South
Fireplace YN
Yes
Pool Private YN
No
Furnished
Furnished
LP/Assessed Value
4.8

Property Features

Association Amenities: Gated Dining Area: Eat-In Kitchen; Family/Dining Combination; Formal Dining Exterior Features: Barbecue; Lighting; Outdoor Shower Flooring: Ceramic Tile; Marble; Tile; Wood Guest House Features: 2 Baths; 2 Bedrooms Parking Features: Circular Driveway; Covered; Driveway; Attached; Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Gas Range; Microwave; Oven; Refrigerator; Washer Water Heater Details: Electric Water Heater; Gas Water Heater Architectural Style: Mediterranean Construction Materials: Block; CBS Cooling: Central Air; Electric Association Type: Other Type of Association Heating: Central; Electric; Natural Gas Interior Features: Built-in Features; Elevator; Entrance Foyer; Kitchen Island; Pantry Levels: Two Listing Terms: Conventional Pets Allowed YN: Yes Possession: Negotiable Restrictions: Limited # Vehicles; No Restrictions Roof: Barrel Security Features: Smoke Detector(s) Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler; City Sprinkler System Utilities: Cable Available View: Garden Water Access: Ocean Access; Other Water Source: Public Water View: Ocean Waterfront Features: Bayfront Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Room Types: Den; Family Room; Florida Room; Maid/In-Law Quarters; Media Room Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
15500000
Occupant Type
Call Listing Agent

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
55
Street Name
Palm
Street Suffix
Avenue
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Zip
33139
Subdivision Name
PALM ISLAND
Area
2420
Elementary School
Miami Beach South Pointe
Middle Or Junior School
Miami Beach Nautilus
High School
Miami Beach
Parcel Number
0242050010130
Subdivision Number
Yes
Zoning
22/EST 2

Financial Information

Association YN
Yes
Membership Fee Required YN
No
Tax Annual Amount
82430
Tax Year
2008
Tax Assessed/SOH Value
3228253
Tax Legal Description
32 53 42 4-5 54 42PALM ISLAND PB 6-54 LOT 13 & 20FT STRIP IN BAYBLK 1 LOT SIZE 100.000 X 300 OR 2

Status Change Information

Major Change Timestamp
2010-06-16T05:03:57Z
Major Change Type
Status Change
Status Change Date
2010-06-18
Under Contract Date
2010-05-18
Close Date
2010-06-16
Close Price
11950000
Buyer Financing
Cash

More Information

Entry Information

Entry Level
Yes

Concessions

Seller Concessions
No

Section Details

Parcel Number MLX
0130

Originating Details

Originating System Key
28216488
Originating System ID
M00000151

Room Information

Room Name
Den
Family Room
Florida Room
Maid/In-Law Quarters
Media Room
IDX
Listing Office: BHHS EWM Realty
Last Updated: August - 13 - 2026
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