• Home
  • Miami Real Estate News
  • Luxury Homes
    • PROFILEmiami Events
    • Explore Past Events
    • Event Sponsorship & Showcase
    • Collaborate with Us
    • Our Story
    • Development Directory
    • TV / Podcast
    • Advertising
    • Instagram
    • Subscribe
    • Contact
  • Get Featured
Menu

PROFILEmiami South Florida Real Estate Development News

Real Estate Development News
  • Home
  • Miami Real Estate News
  • Luxury Homes
  • Events
    • PROFILEmiami Events
    • Explore Past Events
    • Event Sponsorship & Showcase
    • Collaborate with Us
  • About Us
    • Our Story
    • Development Directory
    • TV / Podcast
    • Advertising
    • Instagram
    • Subscribe
    • Contact
  • Get Featured
PROFILEmiami Pre-Construction Development Summit 2026 Coral Gables Museum Condos.png
No results found

Waterfront Palm Island Estate Designed By Caesar Molina Hits Market For $48.5 Million

December 15, 2023

A waterfront estate on Miami Beach’s Palm Island has hit the market for $48.5 million. The tropical modern waterfront mansion is designed by renowned architect Caesar Molina and spans nearly 15,000-square feet of stunning amenities and unparalleled, museum-like interiors furnished by Artefacto.

Located at 40 Palm Ave., the newly built home features a double-sided water feature which welcomes you upon entrance into the eight bedroom, nine full and four half bathroom estate. Thoughtfully curated with luxury in mind, find a rare full size rooftop terrace is accessible by stairs or elevator with immaculate views of Miami’s most coveted views.

The primary bedroom features a massive closet, wet bar plus a terrace with a private plunge pool. The kitchen showcases Mia Cucina cabinetry, Wolf + Subzero appliances. Additional features include a state-of-the-art home theatre, gym with steam and sauna, a four-car electric garage and detached upstairs guest house.

Outside, the backyard features a spacious infinity edge pool, patio with grill, and a private boat dock offering 100 feet of water frontage.

40 Palm Ave is listed for $48.5 million with Liz Hogan of Compass.

Images via Become Legendary

View fullsize DJI_0566-HIGH.JPG
View fullsize DJI_0606-HIGH.JPG
View fullsize DJI_0671-HIGH.JPG
View fullsize DJI_0681-HIGH.JPG
View fullsize DJI_0694-HIGH.jpg
View fullsize DJI_0711-HIGH.JPG
View fullsize DJI_0706-HIGH.JPG
View fullsize DSC06298-HIGH.jpg
View fullsize DSC06303-HIGH.jpg
View fullsize DSC06323 -HIGH.jpg
View fullsize DSC06343-HIGH.jpg
View fullsize DSC06348-HIGH.JPG
View fullsize DSC06458-HIGH.JPG
View fullsize DSC06428-HIGH.JPG
View fullsize DSC06468-HIGH.JPG
View fullsize DSC06473-HIGH.JPG
View fullsize DSC06483-HIGH.JPG
View fullsize DSC06493-HIGH.JPG
View fullsize DSC06498-HIGH.JPG
View fullsize DSC06503-HIGH.JPG
View fullsize DSC06523-HIGH.JPG
View fullsize DSC06538-HIGH.jpg
View fullsize DSC06543-HIGH.jpg
View fullsize DSC06558-HIGH.jpg
View fullsize DSC06569-HIGH.jpg
View fullsize DSC06573-HIGH.JPG
View fullsize DSC06593-1-HIGH.JPG
View fullsize DSC06599-HIGH.jpg
View fullsize DSC06683-HIGH.JPG
View fullsize DSC06609-HIGH.jpg
View fullsize DSC06730-1-HIGH.JPG
View fullsize DSC06624-HIGH.jpg
View fullsize DSC06745-HIGH.JPG
View fullsize DSC06669-HIGH.jpg
View fullsize DSC06750-HIGH.JPG
View fullsize DSC06916-HIGH.JPG
View fullsize DSC06770-HIGH.JPG
View fullsize DSC06775-HIGH.jpg
View fullsize DSC06785-HIGH.jpg
View fullsize DSC06795-HIGH.JPG
View fullsize DSC06806-HIGH.JPG
View fullsize DSC06810-HIGH.JPG
View fullsize DSC06920_-HIGH.JPG
View fullsize DSC06820-HIGH.JPG
View fullsize DSC06826-HIGH.JPG
View fullsize DSC06836-HIGH.JPG
View fullsize DSC06851-HIGH.JPG
In Development, Development News, Featured Listing, Luxury Real Estate, Luxury Homes, News, News & Features, Residential, Spec Home, Miami Beach Tags News & Features, News, Caesar Molina, Artefacto, Palm Avenue, Miami Beach, Development News, Development, Spec Home, Liz Hogan, Residential, Featured Listing, Featured Listings, Luxury Real Estate, Featured, 40 Palm Ave., Palm Island, Link In Bio
← PROFILE Collectors Club: The Evolution of Collector Hypercars @ Prestige Imports on 1/25/24Inside The Exclusive Louis Vuitton X Frank Gehry Collaboration For Art Basel Miami Beach →

Subscribe

Sign up to stay up to date with the latest in Miami residential and commercial real estate news and content.

We respect your privacy.

Thank you!

Latest Posts

Featured
Prosper Group and Versluys Group Close On Brickell Waterfront Land Assemblage For $50 Million, Set To Move Forward With $650 Million Luxury Development 2.png
August 5, 2026
Prosper Group and Versluys Group Close On Brickell Waterfront Land Assemblage For $50 Million, Set To Move Forward With $650 Million Luxury Development
August 5, 2026

A joint venture between Miami-based development company Prosper Group, led by CEO Jay Roberts, and Belgium’s Versluys Group, one of Europe’s leading luxury property developers, led by CEO Bart Versluys, have closed on a three-parcel assemblage for $50 million. Miami-based Vaster provided a $30.5 million acquisition loan.

Read more →
August 5, 2026
Developers of The St. Regis Residences, Sunny Isles Beach, Miami, Complete Landmark Foundation Pour As South Tower Prepares To Go Vertical 6.JPG
August 4, 2026
Developers of The St. Regis Residences, Sunny Isles Beach, Miami, Complete Landmark Foundation Pour As South Tower Prepares To Go Vertical
August 4, 2026

Fortune International Group and Château Group, developers of The St. Regis Residences, Sunny Isles Beach, Miami, have reached a significant construction milestone with the South Tower’s mat foundation pour, advancing the ultra-luxury oceanfront development at 18801 Collins Avenue into its next phase.

Read more →
August 4, 2026
Penthouse at St. Regis Residences, Miami Under Contract For $47 Million 6.jpg
August 3, 2026
The St. Regis Residences, Miami Passes 80% Sold As Penthouse Goes Under Contract For $47 Million
August 3, 2026

A penthouse at The St. Regis Residences, Miami is under contract for $47 million, marking one of the largest and highest-priced condominium transactions in Brickell's history and highlighting continued demand for ultra-luxury residences in Miami's urban core. The buyer, a New York family relocating to South Florida, has placed the two-story Charles Penthouse under contract at the waterfront development in South Brickell.

Read more →
August 3, 2026
No results found

Subscribe

Sign up to receive PROFILEmiami’s Bi-Weekly Newsletter to stay up to date with the latest in South Florida residential and commercial real estate news and content. Actively read by 15K+ of South Florida’s Top Real Estate Industry Professionals. Covering Miami, Fort Lauderdale and the Palm Beaches since 2016.

We respect your privacy.

Thank you!
Advertising

Copyright @ PROFILEmiami - 2026

Privacy Policy

PROFILEmiami takes no ownership of any imagery unless otherwise noted.