253 N Coconut Ln

Miami Beach, FL 33139

$11,495,000

$5,080/ft²

4Beds

3.5Baths

2,263Sq ft

2026Year built

Single-family homeType

About this home

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.

Features

Waterfront

Property details

Listing

MLS #: A11972744
Status: For sale
Listed on: Feb 27, 2026
Days on market: 163 days
Listing data updated: May 3, 2026

Interior

Beds: 4
Baths: 3.5
Living area: 2,263 ft²
Price per ft²: $5,080/ft²

Building & community

Type: Single-family home
Year built: 2026
County: Miami-Dade

Lot & exterior

Lot size: 7,000 ft²
Waterfront: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $58,125
Property taxes (est.): $10,537
Home insurance (est.): $600
Flood insurance (est.): —

Estimated total$69,262*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?