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Step Inside With Me! This Palm Island Estate spans over 35,000 SF of prime waterfront land with an extraordinary 220 linear feet on Biscayne Bay. 16 Palm is a monumental parcel of true magnitude offering the potential to enhance the existing Mediterranean Revival home (see renderings) or create a new 17,500 SF modern mansion. The choice is yours! A trophy residence can be achieved here within one of Miami Beach's most exclusive gated island communities. The present-day home, renovated in 2009, welcomes you with sun-filled interiors, lush courtyards, and grand entertaining spaces. Additional amenities elevate the residence with a theater, gym, dual steam rooms, and a wine cellar. With Southeast exposure and captivating downtown skyline views, the site allows for a visionary new construction or a significant expansion of the existing structure. Live minutes to South of Fifth and in close proximity to Downtown Miami while enjoying Palm Island's rare amenities: playground, tennis and basketball courts.
| DAYS ON MARKET | 3 | LAST UPDATED | 2/3/2026 |
|---|---|---|---|
| TRACT | PALM ISLAND | YEAR BUILT | 1930 |
| COMMUNITY | 42 | GARAGE SPACES | 2.0 |
| COUNTY | Miami-Dade | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Range, Refrigerator, Washer |
| AREA | 42 |
| CONSTRUCTION | BLOCK |
| EXTERIOR | Balcony |
| GARAGE | Yes |
| HEAT | CENTRAL |
| INTERIOR | Eat-in Kitchen, Kitchen Island |
| LOT | 35348 acre(s) |
| LOT DESCRIPTION | Waterfront |
| LOT DIMENSIONS | 35348 |
| PARKING | Driveway |
| POOL DESCRIPTION | In Ground |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Detached, TwoStory |
| SUBDIVISION | PALM ISLAND |
| TAXES | 320750 |
| UTILITIES | Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay |
| WATER | Public |
| WATERFRONT | Yes |
| ZONING | 2200 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Douglas Elliman
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