253 N Coconut Ln, Miami Beach, FL 33139 — MLS photo

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253 N Coconut Ln, Miami Beach, FL 33139

Active · SingleFamilyResidence

$11,495,000

253 N Coconut Ln, Miami Beach, FL 33139

Beds
4
Baths
4
Living area
2,263 sq ft
$ / sq ft
$5,080/sq ft
Year built
2026
Lot size
7,000 sq ft
HOA fee
—
Annual tax
—

About this property

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 location

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253 N Coconut Ln, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
4
Bathrooms
4
Living area
2,263 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2026
Lot size
7,000 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$0
County
Miami-Dade
MLS listing ID
A11972744
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$47,281

Cap rate
0.8%
Net yield
0.8%
Cash-on-cash return
-17.6%
Gross yield
3.7%
Mortgage payment
$54,492/mo
Down payment
$2,873,750
Loan amount
$8,621,250
Annual NOI
$86,528

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.