Robert Rivani, Founder of disruptive real estate firm RIVANI, has acquired a premier waterfront estate on Miami Beach’s exclusive Palm Island for $23 million. The property is set to undergo a multi-million-dollar transformation into one of the island’s most prestigious private residences.
Located at 16 Palm Avenue, the estate spans a 35,348-square-foot lot that showcases approximately 220 feet of prime, south-facing waterfront capable of accommodating yachts up to 205 feet. Set within the coveted, police-guarded Palm Island community, the property offers a rare blend of privacy, security, and unobstructed bay views.
“Our vision is to create a legacy property that is timeless and exceeds the expectations of today’s luxury buyer on every level,” said Robert Rivani, Founder of RIVANI. “Our commitment to uncompromising quality and transformative luxury spaces is reflected in all of our projects, and will be incorporated into every aspect of this home.”
Drawing influences from the world’s finest resorts and properties, Rivani will reimagine the estate as a South of France-inspired sanctuary blending the timeless elegance of the Mediterranean layered with architectural intimacy and the distinctive character of Miami. The design will incorporate the highest caliber organic materials and finishes, taking cues from the bay and lush outdoors with every element thoughtfully executed to deliver an exceptional living experience.
Dina Goldentayer of Douglas Elliman represented Rivani for the transaction, while Luis Bosch of Venetian International held the listing.
“Originally listed at $32.5 million, Robert acquired this estate at a significant discount, a testament to his ability to identify undervalued properties and unlock their true potential,” said Goldentayer. “The property has it all–scale, pedigree, location, and breathtaking water frontage—all exceedingly rare in Miami’s highly competitive luxury market. With Robert’s visionary approach, it’s destined to become a true legacy estate.”
RIVANI continues to disrupt traditional real estate by transforming hospitality, retail, and office properties into vibrant, lifestyle-driven destinations. With over $1 billion in real estate transactions executed independently, the firm’s portfolio includes an iconic roster of projects including a landmark ‘Class X’ luxury office building The RIVANI on Miami Beach, which attracted Playboy Enterprises as a marquee penthouse tenant. The firm is also behind the recent $37 million acquisition of the historic Lincoln Theatre building, acclaimed waterfront destinations including the upcoming GAIA, and the fully leased Wynwood Jungle and 325,000-square-foot regional power shopping center The Gardens in New Jersey.
Images via Legendary Productions/ Dina Goldentayer
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