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288 S Coconut Ln, Miami Beach, FL, 33139

$24,500,000

8 Bedrooms
9 Full Baths, 1 Partial
9,094 SqFt
$2,694/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingCovered, Driveway
Garage4 spaces
Year Built2011
HeatingCentral
CoolingCentral Air
WaterfrontBay Front
ViewBay, Other
MLS #A11707854
StatusActive

About 288 S Coconut Ln

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

Property Details

Property Features

Property Information:

  • Year Built: 2011
  • Living Area: 9,094 SqFt

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (305) 677-5000
  • Listing Agent: Oliver Lloyd

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator
  • Flooring Type: Marble, Wood
  • Interior: Bedroom on Main Level, Closet Cabinetry, Entrance Foyer, Elevator, Kitchen Island, Kitchen/Dining Combo, Living/Dining Room, Upper Level Primary, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 9
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: Bay Front
  • View: Bay, Other
  • Exterior: Balcony, Barbecue, Deck, Fence, Lighting, Patio

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Covered, Driveway

Virtual/3D Tour

  • Virtual Tour: 288 S Coconut Ln
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $24,500,000
  • Price Per SqFt: $2,694/SqFt

Tax Information:

  • Annual Amount: $86,041
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami Beach, FL.

Med. Sold Price

$617.5K

Med. Price/SqFt

$605

Avg. Days On Market

97

# of Sold Homes

73

288 S Coconut Ln vs Miami Beach

1 DAY ON ROCKET

-96 Days

$24,500,000

+$23.8M More

$2,694/SqFt

+$2K More

KEY TAKEAWAY

This property is $23.8M more than the Median Sold Price and $2K/SqFt more than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11707854

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (305) 677-5000
  • Listing Agent: Oliver Lloyd

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$86,041$4,361,623
2018$80,206$4,184,065
2017$79,872$4,098,007

History based on county public records data.

Payment Calculator

$122.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$73.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-787648
9
/10
  • Miami Children's Museum Charter School

  • 980 MacArthur Cswy

  • 0.62 miles

  • Public Charter Grades KG-5

school-card-donut-787649
4
/10
  • Bridgeprep Academy of Greater Miami

  • 137 NE 19th St

  • 1.80 miles

  • Public Charter Grades KG-5

school-card-donut-787650
6
/10
  • South Pointe Elementary School

  • 1050 4th St

  • 1.83 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $102,500. Most Miami Beach, FL residents have annual incomes $200k+. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 288 S Coconut Ln

What is the listing price of this property?

The listing price of 288 S Coconut Ln property is $24,500,000.

What type of property is this?

The property 288 S Coconut Ln is a house located in Miami Beach, Florida, 33139.

Is this property for sale now?

Active Listing: 288 S Coconut Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $86,041 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 288 S Coconut Ln has 8 bedrooms and 9 full and 1 half bathrooms.

What is the square footage of this property?

The property 288 S Coconut Ln is 9,094 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 288 S Coconut Ln is 2011.
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Rocket HomesFloridaMiami-Dade CountyMiami Beach33139288 S Coconut Ln

This home is located at 288 S Coconut Ln in Miami Beach, FL and zip code 33139 in the Palm Island neighborhood. This 9,094 square foot home was built in 2011. Features: 8 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $24,500,000.

Over 2 listings were sold over their listed price in November 2024 in Miami Beach, FL. In the same period over 65 listings were sold below the listed price and 6 listings were sold for the listed price. The number of listings in Miami Beach, FL increased by 14.3% between October 2024 and November 2024. While the average time on the market in November 2024 was 97 days, the median list price was $617,500.

From Rocket Homes Real Estate and based on county public records data.

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