$7 Million Bayfront Villa On Miami Beach's Palm Island

MIAMI BEACH, FL — Priced at $7 million, this bayfront retreat sits Palm Island, which is a favorite destination for the wealthy and well known of Miami Beach.

"This gated Palm Island villa is the epitome of Miami Beach living. Offering unobstructed, bay views of the Miami skyline and 80 feet of waterfront with a private boat dock, this home has it all," according to the Realtor.com listing.

The home boasts five bedrooms as well as marble and wood floors.

"With 24-hour police security and steps away from the Palm Island park and tennis courts, this masterpiece provides for a tranquil setting yet is only minutes from South Beach, downtown and Miami International Airport," the Realtor.com listing states.

Find this home and other great properties on Realtor.com. See more features below:

• Address: 308 S Coconut Ln, Miami Beach, Florida
• Price: $6,999,000
• Square Feet: 5,534
• Bedrooms: 4
• Bathrooms: 5 Full and 1 Half Baths
• Built: 2008
• Features: Inspired by simplicity. Renovated in 2017, this stunning villa boasts 5 beds, and 5/1 baths over 6.974 square feet of total area. Updates include marble and wood floors, new doors, new lighting and Creston system. With 24-hour police security and steps away from the Palm Island park and tennis courts, this masterpiece provides for a tranquil setting yet is only minutes from South Beach, downtown and Miami International Airport.

This listing originally appeared on realtor.com. For more information and photos, click here.