5+ Days Ago
Highlights
- Resort-style pool
- Spa-inspired bathrooms
- Imported european wide-plank wood flooring
Location
242 Palm Ave, Miami Beach, FL 33139, USA|Star, Palm and Hibiscus Islands
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Amenities for 242 Palm Ave, Star, Palm and Hibiscus Islands
Apartment Amenities
| Ceiling Fan | Central Air |
| Hardwood Floor | High Ceilings |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Exterior Type: Block | Roof Type: Composition |
Grounds
| Garage Parking | Outdoor Space |
| Swimming Pool |
Other
| Ceiling Fans |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 242 Palm Ave
Property Status: Active A statement of refined elegance in the heart of Palm Island, this just renovated exquisite residence at 242 Palm Avenue offers 4 Bedrooms and a seamless fusion of contemporary luxury and timeless design. From the moment of arrival, the grand double-height entrance makes an unforgettable first impression a and abundant natural light. Inside, imported European wide-plank wood flooring flows throughout the upper level and imported marble downstairs Every space has been curated with precision: expansive glass doors open to a soon to be lush landscaped outdoor oasis, complete with resort-style pool. Spa-inspired bathrooms, full garage meticulous, details and bespoke millwork Positioned on one of the most prestigious and most secure addresses in Miami Beach, this residence is a rare gem. Office Phone: (786) 328-9237 Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 242 Palm Ave, Miami Beach, FL 33139, USA compares to other nearby properties.
Positives
- Images available
- There are at least 10 photos of this address
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
Address details
| Neighborhood | Star, Palm and Hibiscus Islands |
|---|---|
| Zip code | 33139 |
| Type | House for rent |
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Rent trends in Star, Palm and Hibiscus Islands
4-bedroom apartments at 242 Palm Ave cost about 1% less than the average rent price for 4-bedroom apartments in Miami Beach.
Median rents as of Dec 13 2025.
Star, Palm and Hibiscus Islands
Miami Beach
| Month | Median Rent |
|---|---|
| December 2023 | $15,500 |
| January 2024 | $15,000 |
| February 2024 | $15,125 |
| March 2024 | $15,450 |
| April 2024 | $17,475 |
| May 2024 | $17,483 |
| June 2024 | $16,700 |
| July 2024 | $16,312 |
| August 2024 | $15,100 |
| September 2024 | $13,250 |
| October 2024 | $15,631 |
| November 2024 | $16,104 |
| December 2024 | $16,500 |
| January 2025 | $15,812 |
| February 2025 | $15,000 |
| March 2025 | $16,600 |
| April 2025 | $17,975 |
| May 2025 | $23,000 |
| June 2025 | $16,975 |
| July 2025 | $17,100 |
| August 2025 | $19,642 |
| September 2025 | $19,862 |
| October 2025 | $19,578 |
| November 2025 | $17,400 |
| December 2025 | $17,000 |
| Month | Median Rent |
|---|---|
| December 2023 | $20,000 |
| January 2024 | $20,000 |
| February 2024 | $19,000 |
| March 2024 | $24,000 |
| April 2024 | $18,000 |
| May 2024 | $18,000 |
| June 2024 | $26,900 |
| August 2024 | $25,000 |
| September 2024 | $40,000 |
| October 2024 | $49,000 |
| November 2024 | $47,700 |
| December 2024 | $44,000 |
| January 2025 | $33,500 |
| February 2025 | $30,000 |
| March 2025 | $25,500 |
| April 2025 | $18,500 |
| May 2025 | $23,000 |
| June 2025 | $24,125 |
| July 2025 | $25,000 |
| August 2025 | $25,000 |
| September 2025 | $27,500 |
| October 2025 | $26,428 |
| November 2025 | $19,812 |
| December 2025 | $19,750 |
Affordability calculator
Can I afford to live at 242 Palm Ave?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$780,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $780,000 annually to afford this 4-bedrooms monthly rent price of $19,500.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 4 months ago | $18,500 | 4 bed | 3.5 bath | ||
| 8 months ago | $20,000 | 4 bed | 2.5 bath | ||
| 5 years ago | $6,500 | 4 bed | 2.5 bath | ||
| 7 years ago | $6,950 | 4 bed | 2.5 bath | ||
| 7 years ago | $6,950 | 4 bed | 2.5 bath | ||
| 7 years ago | $6,950 | 4 bed | 2.5 bath | ||
| 8 years ago | $5,950 | 4 bed | 2.5 bath |
Schools near 242 Palm Ave
Miami-Dade Virtual High School Franchise
1501 ne 2nd ave
miami, FL, 33132
K-12Public
B
South Pointe Elementary School
1050 4th st
miami beach, FL, 33139
PK, K-5Public
A-
Chapman Partnership North Early Childhood Center
1550 n miami ave
miami, FL, 33136
PKPublic
Thena Crowder Early Childhood Diagnostic Special Education Center
757 nw 66th st
miami, FL, 33150
PK, KPublic
Teenage Parent Program
6300 nw 27th ave rm 92
miami, FL, 33147
PKPublic
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Internet available near 242 Palm Ave
Neighborhood
Star, Palm and Hibiscus Islands | Miami Beach, FL
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Miami Beach near 242 Palm Ave
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 242 Palm Ave, Miami Beach
Groceries
1/10
Closest supermarket further than a 30-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
Cafes
3/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
2/10
Closest elementary school further than a 30-minute walk
High schools
0/10
Closest high school further than a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Some bars within walking distance
Other units at this address
242 Palm Ave, Miami Beach, FL
242 Palm Ave Miami Beach, FL
Occupied
4 Beds, 2.5 Baths
4 Beds
2.5 Baths
$5,950
Assigned Parking • On-Site Laundry • Air Conditioning • High Ceilings
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