Robert Rivani Sells Waterfront Home At 16 Palm Avenue Miami Beach For $27.5M

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.