Oscar De La Rosa Acquires Palm Island SFR For $30M

An SFR located at 94 Palm Avenue in Palm Island, Miami Beach was recently sold in a record-breaking transaction. The property, spanning 10,984 square feet, features a sale price of $30,000,000, resulting in a price per square foot of $2,731. The transaction took place on 08/13/2021 and involved seller Armando Simosa.

Summary of transaction details

• Property Type: SFR
• Transaction Amount: $30,000,000
• Address: 94 Palm Avenue
• Market: Palm Island, Miami Beach

Oscar De la Rosa represented the buyer in this historic sale, while Liz Hogan served as the seller's representative. The deal, closed in just two weeks, marks the highest sale price ever recorded in Palm Island. The buyer was represented by Oscar De la Rosa from Endeavor International Real Estate, and the seller was represented by Liz Hogan from Compass.

Note from broker: The $30,000,000 sale of this property sets a new record for Palm Island, making it the most expensive sale in the area to date.