Updated Jun 15, 2026
Robert Rivani Sells Waterfront Home At 16 Palm Avenue Miami Beach For $27.5M
16 Palm Avenue
Building Size
9,200 SF
Asset Type
Single Family
Closing
Apr 20, 2026
About this deal
AI
The property asset involved in this transaction is a single-family home located at 16 Palm Avenue in Miami Beach. The asset spans 0.8 acres and encompasses 9,200 square feet, listed at a price of $27,500,000 and carrying a price per square foot of $2,989.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $27,500,000
- Address: 16 Palm Avenue
- Market: Miami Beach
- Acres: 0.8
- Square Footage: 9,200
- Price per Square Foot: $2,989
- Seller: Robert Rivani - Black Lion
- Broker: Dina Goldentayer - Douglas Elliman
Robert Rivani, a developer, entered into a contract to sell his waterfront home, which he originally purchased for $23 million in November. He had plans for a multimillion-dollar renovation on the mansion before deciding to put it on the market with the assistance of broker Dina Goldentayer from Douglas Elliman.
On the Map
Single Family
View full map
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · All transaction types transactions
Loading comparables…
Deal FAQ
Visit Dina Goldentayer to view all their deals.
Browse Miami Beach single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93