290 S Coconut Lane, Miami Beach, FL 33139

5 bed · 5 bath · 7,660 sqft · Built 2026

Brand-new waterfront architectural masterpiece under construction on exclusive, gated Palm Island. Designed by renowned architect Choeff Levy Fischman, this three-story modern estate with rooftop living is scheduled for completion in October 2026 and offers unobstructed Downtown Miami skyline views. Thoughtfully designed for seamless indoor-outdoor living, the home features expansive waterfront terraces, a resort-style pool with integrated waterfall, and a dramatic rooftop entertainment level ideal for hosting and relaxation. A private dock and brand-new seawall provide direct ocean access for boating and water activities. Interiors by Casa Bella Design showcase refined modern elegance with porcelain surfaces by Porcelanosa, luxury fixtures by Dornbracht, Waterworks, Axor, and Toto, a gourmet chef’s kitchen by Ornare, custom millwork, and bespoke closets throughout. The residence includes a fully automated smart-home system with Lutron lighting, enhancing comfort, security, and ambiance. Additional features include an enclosed two-car garage and dedicated space for motorbikes and bicycles. Palm Island is a 24-hour guard-gated community offering tennis and basketball courts, a children’s playground, and close proximity to Downtown Miami, South Beach, and Coconut Grove.

Property type

SingleFamilyResidence

Condition

NewConstruction

Year built

2026

Stories

3

Roof

Other

Subdivision

RIVIERA 1ST & 2ND ADDN AM

Waterfront

Yes

Waterfront features

Bayfront,IntracoastalAccess

Private pool

Yes

Parcel number

0242050020630

Annual tax

$108,042

County just value

$5,600,000

Miami Beach runs from South Beach Art Deco condos to Mid-Beach high-rises and North Beach single-family pockets. The condo market dwarfs the SFH market here — supply dynamics diverge sharply by submarket.