253 Coconut Lane, Miami Beach, FL 33139

$11,495,000 — Active

Property Features

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Casa Bahia is a rare waterfront opportunity - Plans Included & Ready to Build - on the exclusive, guard-gated Palm Island, masterfully designed by Borges + Associates. Offered with the land and a full set of approved plans for a new 3,800 SF modern residence, this offering saves up to three years of design, review, and planning - allowing you to break ground immediately and be the first to enjoy this bespoke bayfront retreat. The thoughtfully curated floor plan features four bedrooms with ensuite baths, expansive light-filled living spaces, a chef’s kitchen, private elevator, and a rooftop terrace designed to capture sweeping water views over Biscayne Bay. Seamless indoor-outdoor living invites tranquil mornings by the water and vibrant sunset gatherings framed by Miami’s tropical skyline. Within Palm Island’s private enclave, residents enjoy an exclusive park with tennis courts, basketball, soccer field, and playground. Just minutes from South Beach, Brickell, Wynwood, and the Miami Design District, Casa Bahia offers effortless access to world-class dining, luxury shopping, cultural destinations, and premier boating - while preserving the privacy, security, and prestige of island living.

Property Details

  • Listing ID: A11972744
  • Status: Active
  • Listing Date: 2026-02-27
  • Property Type: Single Family Residence
  • Subdivision: RIVIERA 1ST & 2ND ADDN AM
  • County: Miami-Dade
  • MLS Area: 2320
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Living Area Sq Ft: 2,263
  • Lot Dimensions: 7552
  • Year Built: 2026

Financial

  • List Price: $11,495,000
  • HOA Fee: None
  • Taxes: $112,636/yr

Features & Amenities

  • View: Water
  • 55+ Community (HOPA): Yes
  • Parking: Covered, Driveway, Garage Door Opener, Garage, Attached Garage, Attached
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Marble, Wood
  • Construction: Block, CBS
  • Roof: Concrete
  • Interior Features: Built-in Features, Entrance Foyer, Elevator, High Ceilings, Kitchen Island, Walk-In Closet(s)
  • Exterior Features: Barbecue, Lighting
  • Community Amenities: Other, Tennis Court(s), Gated, Security

Courtesy of One Sotheby's International Realty
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RAPB

© 2026 Starfish Real Estate. Listings updated Nov 10, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.