Palm Island Homes for Sale

The Palm Island neighborhood is an exclusive and luxurious residential enclave located in Miami Beach, Florida. Situated on a private island in Biscayne Bay, Palm Island offers residents a secluded and opulent living experience in the heart of Miami. Palm Island is renowned for its exquisite waterfront properties, including magnificent estates and upscale mansions. These homes showcase stunning architectural designs, sprawling grounds, and private docks, providing residents with direct access to the bay for boating and water activities. The waterfront properties boast breathtaking views of the bay, the Miami skyline, and the glimmering lights of Downtown MiamiMore Info, creating a truly captivating setting. Privacy and security are paramount on Palm Island, as it is a gated community with 24/7 security personnel and controlled access points. This ensures residents' utmost safety and exclusivity, allowing them to enjoy a serene and private living environment.

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Welcome to South Florida's most remarkable Palm Island Homes for sale. Here in this small community of Palm Island, you will locate the most desirable waterfront Palm Island estate homes available in Miami Beach, Florida. Explore the 'Order By' option which shows the Most # of Price Changes and the biggest % of price changes. When you like what you see, easily 'Save Search' for new matching Palm Island home listings sent via email.

The Palm Island Community

The neighborhood is meticulously landscaped with lush tropical foliage, swaying palm trees, and impeccably manicured gardens. Palm-lined streets and quiet cul-de-sacs enhance the serene ambiance of the island, providing a peaceful escape from bustling city life. While Palm Island offers a tranquil retreat, it is conveniently located just moments away from the vibrant attractions of Miami Beach. Residents have easy access to the world-renowned shopping districts of Lincoln Road and Bal Harbour and the vibrant nightlife, fine dining establishments, and cultural experiences that Miami Beach is famous for. Palm Island residents also have the privilege of enjoying a range of exclusive amenities and recreational facilities. The island features a private tennis court and a children's playground, providing opportunities for outdoor activities and leisurely pursuits. The palm-fringed streets are ideal for walking, jogging, or simply taking in the scenic beauty of the neighborhood.

Palm Island epitomizes luxury and exclusivity in Miami Beach. With its prestigious waterfront homes, idyllic surroundings, and top-notch security, residents enjoy a privileged and sophisticated lifestyle. The combination of privacy, stunning views, and proximity to the vibrant city attractions make Palm Island a highly sought-after neighborhood for those seeking the pinnacle of waterfront living in Miami BeachMore Info. Some of the most beautiful and most expensive real estate in South Florida is located to the west of Miami Beach’s main island on residential parcels on Biscayne Bay, where privacy and convenience are key. Here, the ultra-prestigious Palm Island and Hibiscus IslandMore Info have lush landscaping, guardhouses, and tight security, although the streets are public. Surrounded by shallow, year-round warm water, many of the luxurious estate homes and mansions feature unobstructed views of the bay and city. Large boats docked at waterfront properties are a common sight. Playgrounds on the islands make them family-friendly.

The Ideal Island Location

The islands are situated in the middle of Biscayne Bay and accessed by bridges off the MacArthur Causeway, which links mainland Miami with Miami Beach at 5th Street and Alton Road. Palm and Hibiscus islands have the South BeachMore Info zip code of 33139. The bridge from the MacArthur Causeway reaches oval-shaped Palm Island first and continues north along Fountain Street, linking to Hibiscus Island. The first thing visitors notice after the guard gate is a striking fountain and a playground in Palm Island Park, the site of the infamous Latin Quarter. Tall palm trees, pristine landscaping, and underground utilities create a postcard-perfect scene. The Island has a strong sense of community, with residents walking their dogs, jogging, and greeting neighbors. Tennis courts and picnic areas add to the amenities.

Palm Island Homes is situated on three streets, including Palm Avenue and North and South Coconut Lane. On the Island's eastern half, Palm Avenue is the only street creating sought-after addresses for waterfront estates. On the Island's western side, Palm Avenue becomes an interior street with slightly more modest homes on dry lots. North and South Coconut Lane feature the waterfront addresses. Palm Island lots range from 7,000 to 30,000 square feet.

The History of Palm Island

Palm Island’s enduring claim to fame dates back to 1928 when notorious gangster Al Capone moved into the Palm Island mansion, which was built by Clarence Busch of Busch Beer fame in 1922. The Capone estate saw many extravagant, lively, and celebrity-rich parties in the midst of Prohibition. Gambling and bootlegging also livened up the Palm Island Club, which was the scene of many police raids in 1930. Capone’s criminal career ended in 1931 when he was convicted of income tax evasion and Prohibition law infractions. After serving more than seven years in prison, Capone headed to his Palm Island estate with his wife and lived there until he died in 1947. The Palm Island Club eventually closed.

The Latin Quarter on Palm Island Drive became world-famous as the hottest address in American nightlife from the 1940s to the 1960s. The nightclub, owned by Lou Walters, father of broadcasting and journalism legend Barbara Walters, attracted the top entertainers of the period, including Frank Sinatra, Tony Bennett, Dean Martin, and Jerry Lewis. Taking its cue from the Moulin Rouge in Paris, the Latin Quarter featured the world’s best and most beautiful chorus girls performing several dazzling floor shows a night for winter visitors. Eventually, Walters’ productions and Miami Beach’s nightlife moved to the new hotels on Collins Avenue. The Latin Quarter closed, and Palm Island Park took its place when it burned down some years later.

The Ford family built a winter home on Palm Island in the 1930s to escape the Midwestern chill. Frank Sinatra occupied a house there while filming Guys and Dolls, and Nicaraguan dictator Somoza was forced to abandon his island estate after only five days. These days, Palm Island is more sedate.

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Palm Island Homes stand among the unique waterfront architecture in South Florida with gorgeous design and with open Biscayne Bay water views being right in the community of Palm Island. Palm Island estate homes for sale offer amazing Miami Beach real estate with select single-family estate homes right on the open waterway. You've located today's best waterfront real estateMore Info here, with Palm Island estates included in our Miami MLS databaseMore Info of premier properties. Be sure to inquire about off-market and coming soon listings but also preview the Palm Island Market ReportMore Info or click here to request a Palm Island Home ValuationMore Info.