Step Inside With Me! This Palm Island mega property is ready for the future: a modern mansion! Spanning over 35,000 SF of prime waterfront land with an extraordinary 220 linear feet on Biscayne Bay, its premier Southeast exposure ensures breezes off the ocean, enviable sunlight and captivating Downtown skyline views. Inspirational plans depict up to a 17,5000 SF trophy residence with sports court that can be achieved here within one of Miami Beachs most exclusive gated island communities. The present-day home, renovated in 2009, welcomes you with sun-filled interiors, lush courtyards, and grand entertaining spaces. Additional amenities elevate the residence with a theater, gym, dual steam rooms, and a wine cellar. This world-class site in guard-gated Palm Island allows for a visionary new construction or a significant expansion of the existing structure. Live minutes to South of Fifth and in close proximity to Downtown Miami while enjoying Palm Island's rare amenities: tennis, basketball courts and playground.