tomo logo

$9,950,000

Beds
3
Baths
3.0
sq ft
3,086

244 S Coconut Ln, Miami Beach, FL 33139

244 S Coconut Ln

Miami Beach, FL 33139

  • <1 day on market
244 South Coconut Lane is a prime waterfront property on the prestigious, police-guarded Palm Island in Miami Beach. This 8,400 sq ft lot offers 60 feet of waterfront with easy ocean access and stunning views of Biscayne Bay and the skyline. Architectural plans for a custom home are already in place, streamlining the process to bring your dream residence to life. The existing home features 3 bedrooms, 3 bathrooms, new kitchen cabinets and millwork, freshly painted interiors, and impact windows. Located just moments from world-class dining, shopping, and entertainment, this is a rare opportunity to own a piece of Miami Beach’s finest real estate.

Details

Property type

Single Family Residence

Est. home value

$7,089,698

Lot size

8,400 sq ft

Price per sq ft

$3,225

Year built

1963

Annual property taxes

$2,924

Price History

03/25/2025
SEF

SEF #A11770370

Listed
$9,950,000
+53.08%
08/02/2024
SEF

SEF #A11461014

Sold
$6,500,000
-5.78%
06/20/2024
SEF

SEF #A11461014

Pending
$6,899,000

Schools & Community

Neighborhood: 

Palm Island

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

Newmeyer Mortgage Services Inc

Loan start date

March 2020

Original loan amount

$510,400

Est. remaining balance

$457,892

Interest rate

3.51%

Loan type

New Conventional, 30 year

Seller

Lawrence N Vilord and Rhett Chalk Vilord

Lender

Capital Bank

Loan start date

July 2018

Original loan amount

$25,000

Est. remaining balance

Not provided

Interest rate

3.74%

Loan type

Credit Line (Revolving), 30 year

Seller

Lawrence N Vilord and Rhett Chalk

Lender

Gibraltar Bank

Loan start date

February 1999

Original loan amount

$488,000

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

New Conventional

Seller

Lawrence N Vilord and Rhett C Chalk

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: 03/26/2025 at 8:20 AM

Listing updated: 03/25/2025 at 7:06 PM

Listed by: Amber Warren, Cervera Real Estate Inc. Phone #: (305) 604-0565

MLS: SEF #A11770370

SEF logo

Recently listed in Miami Beach

$9,950,000|3 bd|3.0 ba|House

Explore top cities in Florida