Profile Miami | Check out this Unbelievable Waterfront Spec Mansion

September 9, 2021

A waterfront spec home on Miami Beach’s prestigious Palm Island has sold for $29.5 million as real estate on the island continues to push higher. Located at 135 Palm Ave, the new construction home was developed by Sabal Development and was listed with Jeff Miller of ONE Sotheby’s International Realty and Mathieu Rochette of Compass, who represented the seller.

The agents involved in the deal have completed several high-profile transactions on the island in the past few years. Jeff Miller sold 73 Palm in 2019 for $24.5 million, and has a new construction home that's currently under development at 40 Palm Avenue. This home will come to market in the spring of 2022. 

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