• Home
  • Real Estate News
  • Development Spotlight
  • Luxury Homes
  • Lifestyle
    • 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
  • Real Estate News
  • Development Spotlight
  • Luxury Homes
  • Lifestyle
  • 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
PROFILE Pre-Construction Development Summit 2026 Presented By Sterling Risk at the Coral Gables Museum Banner.png
No results found

New Construction Palm Island Spec-Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island

February 22, 2023

A recently completed tropical modern spec-mansion on Miami Beach’s exclusive Palm Island has sold for a record $32 million, ringing in as the most expensive sale ever on the island. The buyer Ron Ozer who is CIO of hedge fund Statar Capital and the seller was real estate developer William Campbell. The buyer was represented by David Pullman with The Waterfront Team at ONE Sotheby's International Realty, while the seller was represented by Lourdes Alatriste with Douglas Elliman. The home was most recently listed for $39.9 million at the time of sale with Alatriste and was listed for as high as $51.9 million during construction.

Located on a .7 acre lot at 158 Palm Ave., the new construction home spans 14,000 + SF of oceanfront with 7 bedrooms and 10 bathrooms. The main residence features 6 bedrooms while a detached 5 car garage offers a 2nd floor guest suite. The residence features multiple living spaces with water views and telescoping glass sliding doors to blend indoor/ outdoor living. The home also features an office, movie theater, an oversized chef's kitchen, a 2nd floor balcony spanning the entire home with access to a rooftop balcony and a stunning primary suite with a lavish master bath complete with a soak-in tub. The outside provides a tropical oasis with infinity pool, summer kitchen and 100' water frontage with a private dock offering stunning bay and skyline views.

Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 81.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 28.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 79.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 82.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 29.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 90.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 78.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 1.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 26.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 27.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 30.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 91.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 25.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 15.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 16.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 18.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 20.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 22.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 24.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 92.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 70.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 71.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 89.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 65.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 66.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 61.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 32.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 34.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 56.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 35.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 36.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 38.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 50.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 51.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 54.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 55.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 39.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 41.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 44.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 45.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 46.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 47.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 57.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 58.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 59.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 49.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 60.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 63.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 64.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 67.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 68.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 69.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 73.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 76.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 5.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 6.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 93.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 85.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 9.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 86.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 12.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 13.jpg
Palm Island Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island 14.jpg

Images via Luxhunters

In Closed, Development, Development News, Development Sales, Luxury Homes, Luxury Real Estate, Miami Beach, News, News & Features, New Construction, Residential, Spec Home, South Beach Tags News & Features, News, Palm Island, Closed, Residential, Traded, Luxury Homes, Luxury Real Estate, Spec Home, South Beach, Palm Avenue, 158 Palm Ave., William Campbell, David Pullman, Ron Ozer, Lourdes Alatriste, Douglas Elliman, New Construction, February 2023
← University of Miami Real Estate Impact Conference 2023 The Largest Edition Yet As Real Estate Leaders Discuss The State of Miami Real EstateRelated Group's Nick Pérez on Wynwood’s Transformation And The Future of Development in This Burgeoning Neighborhood →

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
Coconut Grove Boutique Condo 'The Lincoln' Locks Down $58 Million Construction Loan 9.jpg
September 11, 2026
The Lincoln Coconut Grove Locks Down $58 Million Construction Loan
September 11, 2026

The Lincoln Coconut Grove has locked down a $58 million construction loan for the luxury boutique condominium with 48 spacious residences in the heart of Coconut Grove, Florida. The project has begun construction and is scheduled to be completed by Q3 2028. Berkadia arranged the 30-month construction loan, which includes two six-month extension options, and was provided by SME Capital.

Read more →
September 11, 2026
David Ayala Away Trip holding Pura Vida bag.jpg
September 11, 2026
Inter Miami CF and Pura Vida Miami Renew Partnership and Launch Exclusive Smoothie Collaboration
September 11, 2026

Inter Miami CF and Pura Vida Miami, the Miami-born all-day café and lifestyle brand, have renewed their partnership, continuing a collaboration that has brought the two South Florida organizations together across player nutrition, Academy programming and the fan experience since 2025.

Read more →
September 11, 2026
Cipriani Residences Miami Reveals The 1931 Collection, Two Crown Jewel Penthouses Listed For $33 Million & $19.8 Million 12.jpg
September 10, 2026
Cipriani Residences Miami Reveals The 1931 Collection, Two Crown Jewel Penthouses Listed For $33 Million & $19.8 Million
September 10, 2026

Cipriani Residences Miami has unveiled The 1931 Collection, an exclusive pair of ultra luxury penthouses inspired by the Venetian landmarks that shaped the Cipriani family’s legacy. Priced at $33 million and $19.8 million, The San Marco and The Torcello crown the 950-foot tower, bringing the brand’s celebrated tradition of Italian hospitality to the highest expression of branded residential living in North America.

Read more →
September 10, 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.