Mediterranean Estate At 49 Palm Avenue In Miami Beach Sold For $29 Million

A Mediterranean-style estate sold for $29 million. The property is located at 49 Palm Avenue in Miami Beach, FL, encompassing 15,000 square feet. It features six bedrooms, 100 feet of waterfront, a private movie theater, an art gallery, a guest villa with a spa and gym, and more than 30,000 square feet of landscaped grounds.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $29,000,000
• Address: 49 Palm Avenue
• Market: Miami Beach, FL
• Asset Size: 15,000 square feet
• Bedrooms: 6
• Waterfront: 100 feet
• Landscaped Grounds: Over 30,000 square feet
• Private Amenities: Movie theater, art gallery, guest villa with spa and gym

The brokers involved in the transaction are Eddie Martinez and Roland Ortiz, representing ONE Sotheby's International Realty. Their expertise facilitated the successful sale of this high-value estate.