The former site of Al Capone’s longtime Miami Beach estate has traded for $21 million, marking the latest chapter for one of the city’s most historically recognizable residential properties. Located at 93 Palm Avenue on Palm Island, the now-vacant waterfront property features 100 feet of frontage on Biscayne Bay. The site was previously home to the sprawling estate once owned by the notorious Prohibition-era crime boss before the residence was demolished in 2023.
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Waterfront Estate on Hibiscus Island Sells For $51.5 Million Setting New Record on Miami Beach's Palm and Hibiscus Island
A waterfront estate at 270 S. Hibiscus Drive has sold for $51.5 million, setting new records for both sale price and price per square foot on Miami Beach's guard-gated Hibiscus and Palm Islands. The transaction surpassed the previous record sale of approximately $40 million, despite that property encompassing a larger residence on a larger lot.
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Sean 'Diddy' Combs Sells 1 Star Island Waterfront Estate for $55 Million
Sean "Diddy" Combs has sold one of his two waterfront estates on Miami Beach's prestigious Star Island in an off-market transaction valued at $55 million, according to property records. The sale involves the bayfront residence at 1 Star Island Drive, a property Combs acquired in 2021 for $35 million. Public records show the seller was an entity tied to Combs, while the buyer is JFStar LLC, a Virginia-based company led by John A. Franklin.
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Miami Beach's Design Review Board Approves Terra Proposal For ODP Architects-Designed 1250 West Avenue
The Miami Beach Design Review Board has approved a proposal by Terra, in partnership with RG Development Group and GV Development, for a 106-unit luxury condo tower at 1250 West Avenue in Miami Beach rising 330’.
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UNFRAMED, Autograph Collection Set To Open In Miami Beach This April With Signature Coastal French Rooftop Concept
Poised to redefine the South Beach hospitality scene, UNFRAMED, Autograph Collection opened April 1 at 1685 Washington Ave in Miami Beach. The hotel — characterized by its striking architectural presence, an expansive rooftop pool and signature coastal French rooftop restaurant. 149 stylish guest rooms with balconies and outdoor terraces, and prime location in mid-South Beach — represents the first premium, lifestyle property to open in the last decade on Washington Avenue.
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Witkoff and Ocean Terrace Holdings Reveal New Renderings of the Resort Residences at Ocean Terrace in Miami Beach
Witkoff Group, in partnership with Ocean Terrace Holdings, a partnership between Alex Blavatnik and Sandor Scher, has revealed new renderings of the Resort Residences at Ocean Terrace. The Resort Residences are located in a separate building from the condo tower and boutique hotel. They offer furniture packages designed by RAMSA and the opportunity to be placed within the hotel program for bookings.
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Image via Jason O’Rear
Mast Capital and Starwood Celebrate Top Off of The Perigon Miami Beach
Mast Capital and Starwood celebrated the recent topping off milestone of The Perigon Miami Beach as the first new oceanfront residential tower in this cycle in Miami Beach to reach full height ahead of its anticipated occupancy in 2027.
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Check Out This Newly Completed Waterfront Spec Home On Miami Beach's Venetian Islands Asking $59.9 Million
A newly completed, modern architectural masterpiece known as Forte on Miami Beach’s Venetian Islands has hit the market for $59.9 million. The lavish waterfront home sits on a 13,188 SF lot with 105 feet of deep-water dockage and direct access to Biscayne Bay.
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French Hotelier Purchases The Kimpton Angler’s Hotel in Miami Beach for $43.5 Million
A French hotelier has acquired the Kimpton Angler’s Hotel in Miami Beach for $43.5 million, marking one of the most expensive hotel deals in Miami Beach to close in 2025. The transaction equates to $330,000 per key and was financed with a $23.5 million loan from Interaudi Bank.
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Riviera Dining Group's MILA Miami Crowned The Highest-Grossing Independent Restaurant In America
MILA Miami – Riviera Dining Group’s (RDG) flagship destination which has come to represent the height of Miami Beach glamor — has been ranked number #1 on Restaurant Business’ Top 100 Independents 2025 as the highest-grossing independent restaurant in the United States.
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