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Neighborhood Location

Palm Island in Miami Beach

Palm Island Miami Beach, a neighborhood of South Beach, is just south of Hibiscus Island.  Located in Biscayne Bay, this man-made island is solely accessible via the MacArthur Causeway, which links the island to Miami Beach proper and Greater Miami Dade County.  Homes on this island are highly coveted.  The entire island is only 82 acres in size leading property values to be relatively high.

During the 1940s and 1950s Palm Island was famous for the Latin Quarter Nightclub, which was owned by Lou Walters, the father of the internationally known journalist, Barbara Walters.  Palm Island became the mid-century vacation and performance destination.  Big-named performers such as Tony Bennett, Frank Sinatra, and Dean Martin performed here.

Today, single-family mansions comprise Palm Island.  The island is revered as one of the most exclusive and luxurious neighborhoods in Miami Beach.  An array of architectural styles from Mediterranean Classic to Art Deco can be found on this island.  Waterfront and dry lot homes are both available on the island.  Current well-know residents include Barbara Walters, and Irish-American actress, Gabriel Anwar.

A vast majority of Palm Island homes have over 90 feet of waterfront space, and large boats and yachts are often times seen docked at residences. Palm Island in Miami Beach shares a community area with Hibiscus Island, which features a children’s playground, as well as racquetball, tennis, and basketball courts.

Palm Island Real Estate

The current average listing price on Palm Island is $13,000,000; while the current average rental price is $85,000 a month.  Property value ranges from $4,200,000 to $32,000,000, making the island one of the more expensive Miami Beach neighborhood to reside in.

Community Statistics

For Sale

1 listing

For Rent

8 listing

600 New Listings

+35.20% over previous 30 days

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