Real Estate Trifecta on Palm Island - S. Florida Business & Wealth

Real Estate Trifecta on Palm Island

The parcels sprawl over two acres and feature downtown Miami views.

This is a unique opportunity, to say the least: Three waterfront properties on gated Palm Island (190, 198 and 210 Palm Avenue), each with a list price of $50 million, are to be sold collectively for $150 million. The properties are adjacent to each other, and the goal is to sell all three together. These are record prices for the island; the previous record single residence sale price was $32 million. Each property contains a home of more than 11,000 square feet and enjoys approximately 100 feet of ocean frontage, plus swimming pools, covered lounges, and outdoor kitchens. One seller—who owns two of the three properties—owned a successful, 600-employee medical business for about 20 years in Orlando, Orlando Family Physicians, and sold it several years ago. For one lucky buyer, this trio of adjacent homes is just what the doctor ordered.

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