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Palm Island mansion on water sells for $14.2 million in cash – South Florida Business Journal

Posted by on August 8, 2011


A Latin American family looking for the right property, with the right view, at the right price apparently found all three last month.

The family scooped up the residence at 94 Palm Ave. on Miami Beach’s Palm Island for $14.2 million in cash. What they got was a double-wide lot with 200 feet of waterfront overlooking the “parade of ships” – the cruise ship traffic that comes and goes from the Port of Miami.

About a decade ago, a Saudi prince had purch… (View original article)

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