1 PALM AVE, Miami Beach, FL 33139

1 PALM AVE, Miami Beach, FL 33139 is a 2-bedroom, 3-bathroom residential - single family : 1 unit built in 1957 with 3,326 square feet of living space on a 17,674 square foot lot. The property is currently owned by 1 PALM PROPERTIES LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2020-07-08 for $7,500,000, when RANCH FIDUCIARY CORPORATION (TRS) sold to 1 PALM PROPERTIES LLC. The property has appreciated $7,499,900 (7499900%) since the prior sale of $100 on 2010-11-10. There are 3 recorded sales for this property.

The 2025 assessed value is $9,187,621 with a market value of $12,808,327. This breaks down to $12,371,800 for the land and $436,527 for the building. The assessed value increased 10% from $8,353,631 in 2024.

This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $189,605, and the median home value is $1,453,400.

The population density is 3,945 people per square mile. 1 PALM AVE, Miami Beach, FL 33139 is located in Miami Beach, Florida. Property records, tax assessments, sales history, and ownership information for this Miami Beach property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2010 to 2020, with 3 recorded transactions in the public record. The current assessed value represents 123% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal.

Based on the most recent sale, this property traded at $2255 per square foot — a key metric for comparing value across Miami Beach's real estate market..