4 Palm AvenueMiami Beach, FL 33139Rental Price: $95,000

Set on prestigious, guard-gated Palm Island along 112 feet of open bayfront, this beautifully renovated Mediterranean Revival estate offers an exceptional waterfront lifestyle where timeless architecture meets effortless modern living. Positioned on over 17,500 SF of lush, private grounds, the property welcomes you through an ivy-draped guest house and idyllic courtyard, creating a sense of arrival that feels both intimate and grand. Renovated in 2025, the Main House is filled with natural light, with soaring double-height ceilings, graceful arched windows and expansive living spaces designed to frame sweeping water views. A custom bar, wine cellar, TV lounge and private office create inviting spaces for entertaining and everyday living, while the contemporary kitchen features custom millwork, a generous island and charming breakfast nook. The serene primary wing is a private retreat with panoramic bay views, dual dressing rooms and a spa-inspired bath. Outdoors, embrace the quintessential Miami lifestyle with a waterfront pool and spa, dual cabanas, summer grill and private dock, all surrounded by breathtaking open bay views. A gated private driveway, ample covered parking and separate guest house complete this one-of-a-kind waterfront estate in one of Miami Beach’s most coveted island communities.