288 S Coconut Ln Miami Beach, FL 33139
Star, Palm and Hibiscus Islands NeighborhoodEstimated payment $163,284/month
Total Views
23,173
8
Beds
9.5
Baths
9,094
Sq Ft
$2,683
Price per Sq Ft
Highlights
- Property has ocean access
- Private Dock
- Property Fronts a Bay or Harbor
- South Pointe Elementary School Rated A-
- Boat Lift
- 1-minute walk to Palm Island Park
About This Home
Experience luxury living in this exquisite 3-story waterfront estate, offering 100’ of prime water frontage on the prestigious, guard-gated Palm Island. Boasting 8 bedrooms, 9.5 baths, and a 4-car garage, this home offers ultimate comfort and style. Enjoy breathtaking views of the Miami skyline and beautiful sunsets from the expansive 5,000 SF rooftop terrace and multiple inviting living spaces. The ground level includes a spacious media room and game area while the outdoor space features a stunning pool, summer kitchen and a private dock that accommodates yachts up to 90' as well as a boat lift and floating jet ski dock. The home is complete with a private elevator and staff quarters. This is the epitome of elegance, exclusivity, and Miami’s vibrant waterfront lifestyle
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $328,301
Year Built
- Built in 2011
Lot Details
- 0.32 Acre Lot
- 100 Ft Wide Lot
- Property Fronts a Bay or Harbor
- Southwest Facing Home
- Fenced
- Property is zoned 0100
Parking
- 4 Car Garage
- Driveway
- Open Parking
Home Design
- Slab Foundation
- Concrete Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 9,094 Sq Ft Home
- Entrance Foyer
- Family Room
- Open Floorplan
- Den
- Bay Views
- Fire and Smoke Detector
- Dryer
Kitchen
- Microwave
- Dishwasher
- Cooking Island
- Disposal
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 8 Bedrooms
- Main Floor Bedroom
- Primary Bedroom Upstairs
- Closet Cabinetry
- Walk-In Closet
- Maid or Guest Quarters
- Bathtub
- Shower Only
Outdoor Features
- Concrete Pool
- Property has ocean access
- Boat Lift
- Private Dock
- Balcony
- Deck
- Patio
- Exterior Lighting
- Outdoor Grill
Additional Features
- Accessible Elevator Installed
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Riviera 1St & 2Nd Addn Am Subdivision
Listing and Financial Details
- Assessor Parcel Number 02-42-05-002-0631
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $317,171 | $17,315,268 | $9,100,000 | $8,215,268 |
| 2023 | $317,171 | $16,432,593 | $0 | $0 |
| 2022 | $283,612 | $14,938,721 | $6,510,000 | $8,428,721 |
| 2021 | $86,995 | $4,422,685 | $0 | $0 |
| 2020 | $86,041 | $4,361,623 | $0 | $0 |
| 2019 | $84,222 | $4,263,562 | $0 | $0 |
| 2018 | $80,207 | $4,184,065 | $0 | $0 |
| 2017 | $79,872 | $4,098,007 | $0 | $0 |
| 2016 | $79,205 | $4,013,719 | $0 | $0 |
| 2015 | $79,702 | $3,985,819 | $0 | $0 |
| 2014 | $81,147 | $3,954,186 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/18/2025 02/18/25 | Price Changed | $24,400,000 | -0.4% | $2,683 / Sq Ft |
| 12/20/2024 12/20/24 | For Sale | $24,500,000 | +36.1% | $2,694 / Sq Ft |
| 08/04/2021 08/04/21 | Sold | $18,000,000 | -9.5% | $1,659 / Sq Ft |
| 07/30/2021 07/30/21 | Pending | -- | -- | -- |
| 04/01/2021 04/01/21 | Price Changed | $19,900,000 | -4.8% | $1,834 / Sq Ft |
| 01/13/2021 01/13/21 | For Sale | $20,900,000 | -- | $1,926 / Sq Ft |
Source: MIAMI REALTORS® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $22,000,000 | None Listed On Document | |
| Warranty Deed | $18,000,000 | Attorneys Preferred Ttl Inc | |
| Warranty Deed | $2,700,000 | Attorney | |
| Warranty Deed | $2,000,000 | -- | |
| Warranty Deed | $550,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $13,000,000 | New Conventional | |
| Previous Owner | $6,250,000 | New Conventional | |
| Previous Owner | $6,900,000 | New Conventional | |
| Previous Owner | $5,500,000 | New Conventional | |
| Previous Owner | $3,000,000 | Unknown | |
| Previous Owner | $1,400,000 | No Value Available | |
| Previous Owner | $530,000 | New Conventional | |
| Previous Owner | $300,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Miami Beach, FL
Source: MIAMI REALTORS® MLS
MLS Number: A11707854
APN: 02-4205-002-0631
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