tomo logo

$27,900,000

Beds
6
Baths
6.5
sq ft
9,209

16 Palm Ave, Miami Beach, FL 33139

16 Palm Ave

Miami Beach, FL 33139

  • 50 days on market
This Mediterranean Revival estate seamlessly blends classic architecture with modern luxury. Fully renovated in 2009, the home sits on a sprawling 35,348 sq. ft. lot on prestigious Palm Island, offering 220’ of prime south-facing waterfront capable of accommodating yachts up to 205’. A spacious addition includes a luxurious primary suite, chef’s kitchen, and family wing. Exceptional amenities include a home theater, gym, steam rooms, bocce court, wine cellar, heated pool, spa, private beach, and a serene courtyard. A separate guest house, smart home technology, lighting controls, and solar panels complete this lush, gated haven. Surrounded by exotic landscaping, this estate embodies sophistication and privacy in the exclusive, police-guarded Palm Island community.

Details

Property type

Single Family Residence

Est. home value

$18,535,830

Lot size

0.81 acres

Price per sq ft

$3,030

Year built

1930

Annual property taxes

$282,402

HOA

Yes

Price History

12/09/2024
SEF

SEF #A11706868

Listed
$27,900,000

Schools & Community

Neighborhood: 

Palm Island

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Park, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

July 2013

Original loan amount

$6,265,000

Est. remaining balance

Not provided

Interest rate

2.37%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Thomas D Sullivan and Thomas D Sullivan Revocable Trust

Lender

Jpmorgan Chase Bank Na

Loan start date

July 2013

Original loan amount

$6,265,000

Est. remaining balance

Not provided

Interest rate

2.37%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Thomas D Sullivan and Thomas D Sullivan Revocable Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/31/2025 at 1:50 AM

Listing updated: 12/11/2024 at 12:45 PM

Listed by: Luis Bosch, Venetian International, LLC. Phone #: (305) 297-8727

MLS: SEF #A11706868

SEF logo