93 Palm Ave.

Stabilized rentals, decade-long quarterly yield

Palm Island 9BR/5,774 sqft 1922 estate on 30,000 sqft lot with 100ft bay frontage and guest house.

Long-term hold strategy on a 9-bedroom, 6-bath estate totaling 5,774 square feet (built 1922) at 93 Palm Avenue in Miami Beach, Florida, on Palm Island. The 30,000-sqft parcel carries 100 feet of bay frontage with a private dock and comprises a main residence, a guest house, and a pool house. The structure is historic preservation-eligible, which anchors the asset's architectural identity and positions a future designation as an option rather than a requirement. The strategy is a long-duration hold built around the appreciation thesis for early-1920s guard-gated island estates with meaningful bay frontage, a set that is structurally scarce across Miami Beach's guarded island corridor. The multi-structure configuration (main, guest, pool house) provides operational flexibility across the hold period. Capital expenditure is expected to emphasize maintenance consistent with the 1922 construction and selective preservation-compatible upgrades rather than programmatic renovation. Hold duration is measured in years, with the thesis resting on Palm Island scarcity, the demand profile for guard-gated island estates with private docks, and the architectural identity of the 1922 Spanish-style construction. Asking basis of 23.5 million dollars reflects the parcel, the 100-foot frontage, the multi-structure program, and the Palm Island positioning. Capital deployment during the hold covers maintenance, dock and marine upkeep, and selective improvements. Returns are targeted from long-horizon appreciation driven by the submarket's supply-demand structure.

Address

93 Palm Ave.

City

Miami Beach, FL

ZIP

33139

Beds

9

Baths

6

Living sqft

5,774

Lot sqft

30,000

Year built

1922

Waterfront

BAY

Buy-and-hold economics model using asset basis, target capitalization, maturity, and downside/upside valuation scenarios. Detailed sponsor line items are shown when a full proforma is available.

Source: strategy economics model · figures are forward-looking estimates · not a guarantee of return