arts
South Florida’s top deals: Palm Island home sells for $19M
Summary by The Miami Editorial Desk · Based on reporting by Mary Diduch, Veronica Udell , The Real Deal
· July 22, 2026
· 1 min read
🏆 Residential: The most expensive home sale to hit records was in Miami Beach, where a company tied to Dana M. Kilburn bought the waterfront property at 288 South Coconut Lane on Palm Island for $18.5 million. The seller, 288 SC LLC, purchased the 9,100-square-foot property in 2024 for $22 million.
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Summary created by The Miami Editorial Desk — automated, rule-governed Original reporting Mary Diduch, Veronica Udell, The Real Deal Original story Read at the source Source published Jul 22, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway Kilburn bought the waterfront property at 288 South Coconut Lane on Palm Island for $18.
Why this matters in The Miami
The recent sale of a Palm Island home for $18.5 million reflects the ongoing demand for luxury waterfront properties in Miami Beach. This transaction, which breaks down to about $2,000 per square foot, is a significant indicator of the area's high-end real estate market. The fact that the seller, 288 SC LLC, purchased the property just a few years ago for $22 million and sold it for a lower price suggests that the market may be experiencing a slight correction. Nevertheless, the sale underscores the allure of Miami Beach's exclusive neighborhoods, such as Palm Island, to wealthy buyers. The involvement of local real estate agents, including Oliver Lloyd and Dina Goldentayer with Douglas Elliman, also highlights the importance of knowledgeable brokers in facilitating these high-end deals. As Miami's luxury market continues to evolve, it will be interesting to see how sales like this one impact the overall trajectory of the city's real estate prices.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit The Real Deal . Have a tip or correction? Contact our newsroom .
Category: arts ·
Published: July 22, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
Frequently asked about this story
What is this story about? 🏆 Residential: The most expensive home sale to hit records was in Miami Beach, where a company tied to Dana M. Kilburn bought the waterfront property at 288 South Coconut Lane on Palm Island for $18.5 million. The seller, 288 SC LLC, purchased the 9,100-square-foot property in 2024 for $22 million.
When was this published? This article was first published on July 22, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Mary Diduch, Veronica Udell at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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