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Leased

257 N Coconut Ln

257 N Coconut Ln, Miami Beach, FL 33139

$60,000/month
Welcome to Palm Island, a place where life slows down the moment you drive through the gates. Four-car garage with a lift for a fifth. Newly renovated inside and out, this waterfront pool home has amazing views of Hibiscus Island and the bay. Inside, the home is warm, open, and designed for real living with all-new furnishings. The family room flows into a beautiful gourmet kitchen, making it easy to cook, gather, and entertain. The pool deck overlooks wide bay views, and the private dock with two boat slips means your boat is always ready for a spontaneous sunset cruise. Included is a guest house for a separate office, visiting family, long-term guests, or staff who need their own space with its own full kitchen and bath, giving everyone privacy without feeling disconnected. But what really makes this home special is the community. Palm Island is quiet, safe, and incredibly welcoming neighborhood. You get 24/7 guard-gated security, tennis courts, a covered playground, basketball court, picnic areas, and the famous Halloween Party. It feels tucked away, yet you're minutes from South Beach, Downtown, Brickell, I95 and the airport. This is a home for someone who wants comfort, space, and the full Miami waterfront lifestyle without sacrificing warmth or privacy. A true Palm Island gem, ready to enjoy.

5
beds

6
baths

5,202 Sq.Ft. LIVING AREA

7,000 Sq.Ft. lot

Features & Amenities

Interior

  • total bedrooms5
  • Total bathrooms6
  • full bathrooms5
  • half bathroom1
  • Flooring Tile, Wood
  • Fireplace Fireplace
  • APPLIANCES Electric Water Heater, Dishwasher, Disposal, Dryer, Gas Range, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • other interior Features First Floor Entry, Cooking Island, Roman Tub, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Den/Library/Office, Separate Guest/In-Law Quarters, Media Room

Area & Lot

  • Status Leased
  • Date Leased November 6, 2026
  • Living Area5,202 Sq.Ft.
  • Lot Area7,000 Sq.Ft.
  • MLS® IDA12070040
  • TypeResidential
  • YEAR BUILT1958
  • Architecture StylesFirst Floor Entry
  • Water FrontageNavigable Water, No Fixed Bridges, Ocean Access
  • View DescriptionBay, Intracoastal View
  • Elementary SchoolSouth Pointe
  • Middle SchoolNautilus
  • High SchoolMiami Beach

Exterior

  • STORIES2
  • Garage Space5.0
  • water SourceMunicipal Water
  • PoolIn Ground
  • roofBarrel Roof
  • lot features1/4 To Less Than 1/2 Acre Lot
  • parkingAttached Carport, 2 Spaces, Additional Spaces Available, Parking Garage, On Street
  • HEAT TYPECentral, Electric
  • AIR CONDITIONINGCeiling Fan(s), Central Air, Electric
  • sewerSewer
  • HOA AmenitiesBar, Guard At Gate, Security Patrol
  • security FeaturesSmoke Detector, Gated with Guard, Security Patrol
  • other exterior FeaturesLighting, Open Balcony, Outdoor Shower

Financial

  • Lease Price$60,000/mo
  • Lease Term 1 MONTH
  • Zoning RS-4
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Work With Johnathan Shirey, P.A.

Acquiring within a premier new development requires more than access to inventory. It requires comparative insight, disciplined selection, and a strategy aligned with both lifestyle and long-term goals. I provide private buyer advisory for leading waterfront, branded, and luxury new-construction opportunities across Naples and select South Florida markets.

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