A 3,227-square-foot house built in 1989 has changed hands. The spacious property located at 282 Palm Avenue in Miami Beach was sold on May 21, 2025. The $3,680,000 purchase price works out to $1,140 per square foot. This two-story house has four bedrooms. The property encompasses a generous 6,000 square feet of land, featuring abundant outdoor space and a pool.

Additional houses have recently been purchased nearby:

· A 2,340-square-foot home at 316 South Coconut Lane in Miami Beach sold in January 2022 for $2,695,000, a price per square foot of $1,152. The home has 3 bedrooms and 3 bathrooms.

· In January 2025, a 2,608-square-foot home on North Coconut Lane in Miami Beach sold for $7,000,000, a price per square foot of $2,684. The home has 5 bedrooms.

· On North Coconut Lane, Miami Beach, in July 2008, a 3,522-square-foot home was sold for $2,700,000, a price per square foot of $767. The home has 4 bedrooms and 1 bathroom.