Palm Island is a prestigious and scenic man-made island located in Biscayne Bay, in the city of Miami Beach, Florida. Known for its luxurious waterfront properties and exclusive atmosphere, Palm Island has a rich history and serves as a coveted residential enclave for the affluent.
Development History
Palm Island, along with its sister island, Hibiscus Island, was created in the 1920s during one of Miami’s earliest real estate booms. The islands were developed with the intent to attract wealthy northerners looking for a tropical retreat from the harsh winters of the north. To enhance its appeal, the developers added features like palm lined streets (hence the name Palm Island) and large plots to allow for spacious and extravagant homes.
In the 1930s and 1940s, Palm Island gained a reputation as a glamorous and somewhat notorious spot, partly due to famous residents like Al Capone, who owned a home here until his death in 1947. This added an allure to the island, making it a symbol of both luxury and intrigue.
Community and Lifestyle
Today, Palm Island is accessible via the MacArthur Causeway, which connects Miami Beach to the mainland of Miami, making it both secluded yet conveniently located. The island features a mix of stunning old estates and modern mansions, with many properties boasting expansive views of Biscayne Bay and downtown Miami.
The community is gated and offers 24 hour security, ensuring privacy and safety for its residents. This level of exclusivity makes Palm Island particularly popular among celebrities, successful business people, and high-profile individuals seeking tranquility and security.
Amenities and Local Environment
Residents of Palm Island enjoy a variety of amenities, including access to a park with tennis courts, basketball courts, and a children’s playground. The close proximity to both Miami and Miami Beach means that cultural events, high end shopping, fine dining, and white-sand beaches are never far away. The island’s waterfront location also makes it ideal for boating enthusiasts.
Real Estate Market
The real estate market on Palm Island is highly competitive and commands some of the highest prices in the Miami Beach area. Homes here range from historic 1920s villas to contemporary mega mansions, often featuring luxurious amenities such as private docks, swimming pools, and lush gardens.
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