201 Palm Avenue closed today (8/24/27) for $3,400,000, represented by Douglas Elliman’s Devin Kay. The 4,500 SF home is spread over 6 bedrooms and 6 bathrooms. The residence features a mix of natural wood and stone, high end finishes such as Grohe fixtures, Wolf/Sub zero appliances, oak wood and Italian flooring, a sleek pool and a stunning rooftop entertainment deck offering 360 degree views.

"This sale marks the first home sale on Palm Island in 2017, not including the recent sale of a vacant lot. Activity on the Island has been very slow with the ongoing construction of the roads, but once completed, Palm Island will be absolutely incredible and the construction / roadwork will move to other neighborhoods of Miami Beach. 201 Palm was a very unique property because not only was it situated on a very desirable corner lot, but with the new building codes in Miami Beach, you can no longer build a house of this size on a lot like this, and you also can no longer replicate the private rooftop, which offers 360 degree views of the Bay, skyline and sunsets," said Devin Kay.