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253 N Coconut Ln, Miami Beach FL 33139

RIVIERA 1ST & 2ND ADDN AM, Miami Beach

4 beds · 4 baths · 2,263 ft²Active

$11,495,000

Est. payment $58,125/mo
MLS Sheet

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Facts

MLS #
A11972744
Property type
Residential
Property sub type
Single Family Residence
Style
Attached, Two Story
Year built
2026 (New Construction)
Lot size
7,000 ft²
Price per sq ft (lot size)
$1,642 per sq ft
County
Miami-Dade County
Subdivision
RIVIERA 1ST & 2ND ADDN AM
Sq. ft.
2,263 ft²
Price per sq ft
$5,080 per sq ft
Days on market
214 days
Last updated
September 29, 2026
Date listed
February 27, 2026

Remarks

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.

Financial considerations

Tax year
2025
Tax amount
$112,636
Listing terms
All Cash, Conventional
Tax legal description
RIVIERA 1ST & 2ND ADDN AMD PB 32-37 LOT 17 & 20FT STRIP ADJ BLK 2 A LOT SIZE 50.000 X 140 OR 18146-2537 0698 1

Exterior features

Waterfront
Yes, Ocean Access, No Fixed Bridges
View
Water
Construction type
Concrete Block Construction, CBS Construction, Elevated Construction
Parking
Covered, Driveway
Roof
Concrete
Additional features
Barbeque, Lighting

Interior features

Floor
Marble, Wood
Heating
Central
Cooling
Central Air
Appliances
Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Wall Oven, Washer
Window features
Complete Impact Glass, Impact Glass
Additional features
First Floor Entry, Built-in Features, Cooking Island, Elevator, Entrance Foyer, Volume Ceilings, Walk-In Closet(s), Family Room, Great Room

Additional features

Community features
Additional Amenities, Tennis Court(s), Gated Community, Security Patrol
Garage spaces
2
Covered spaces
2
Direction faces
South
Lot features
Flood Zone Lot
Pool
No
Pool features
In Ground
Sewer description
Public Sewer
Water source
Municipal Water
Possession
Funding
Public survey section
5
Public survey township
42

Location

Nearby public schools

Schools

Public schools within 3 miles, nearest first.

Elementary

  • Miami Children's Museum Charter School

    0.7 mi · Grades KG–05 · Charter

    District: Miami-Dade

  • Miami Beach South Pointe Elementary School

    1.8 mi · Grades PK–05

    District: Miami-Dade

  • Bridgeprep Academy Of Greater Miami

    1.9 mi · Grades KG–05 · Charter

    District: Miami-Dade

Middle

  • Mater Brickell Academy Middle

    2.6 mi · Grades 06–08 · Charter

    District: Miami-Dade

  • Jose De Diego Middle School

    2.9 mi · Grades 06–08

    District: Miami-Dade

  • Miami Beach Nautilus Middle School

    3.0 mi · Grades 06–08

    District: Miami-Dade

High

  • New World School Of The Arts

    1.8 mi · Grades 09–12

    District: Miami-Dade

  • School For Advanced Studies-Wolfson

    1.8 mi · Grades 11–12

    District: Miami-Dade

  • Miami Tech At Mater Innovation Academy

    1.8 mi · Grades 09–12 · Charter

    District: Miami-Dade

Distances are straight-line. School assignment depends on attendance boundaries set by the school district; confirm eligibility directly with the district.

Source: U.S. Department of Education, National Center for Education Statistics (NCES), Common Core of Data, 2024-25 school year.

Mortgage calculator

Estimated monthly payment

$67,511/mo

Principal and interest
$58,125
Property tax
$9,386

Estimate for orientation only, not an offer of credit. The default rate is illustrative; actual terms, taxes and insurance depend on the lender and your profile.

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MLS A11972744

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MIAMI REALTORS® / Southeast Florida MLS

IDX information

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified.

Listing information is presented by The Costa Group Miami, a real estate team affiliated with Fortune Christie's International Real Estate. MLS data is supplied through the licensed SEFMLS data feed.

Listing brokerage: One Sotheby's International Realty.

MLS data last updated Sep 29, 2026, 9:00 PM.

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