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31 NW 10th St #1105, Homestead, FL, 33030

3beds
3baths
1,209sqft
$1,461,500
$1,209price/sqft
$9,703/moest. monthly cost
$388,120/yrincome needed

About This Home

Palm Tree Residences redefines branded luxury ownership by combining high end real estate, elite hospitality, and exclusive global social access into one connected lifestyle experience. Ownership is not simply about purchasing a residence in Miami, it is about becoming part of the Palm Tree community, an internationally recognized brand associated with luxury travel, celebrity driven events, and influential networking experiences around the world. The Palm Tree name has become closely tied to A list entertainment, premier hospitality experiences, and curated gatherings attended by celebrities, athletes, entrepreneurs, musicians, and global tastemakers. Residents receive access to exclusive Palm Tree events and VIP experiences hosted in destinations such as Aspen, The Hamptons, Saint Tropez, Singapore, Miami, and other luxury markets worldwide. Developed by PMG, a developer with more than 34 years of experience delivering iconic projects throughout South Florida, Palm Tree Residences combines investment flexibility, hospitality style services, and elevated social living into one of Downtown Miami’s most anticipated developments. Situated in the center of Downtown Miami, the property is positioned within the city’s rapidly expanding entertainment and nightlife district. Residents are only moments away from globally recognized venues including E11EVEN Miami and Club Space, placing ownership directly in the center of Miami’s new cultural and social hub. The neighborhood continues to attract luxury developments, celebrity backed hospitality concepts, rooftop venues, fine dining destinations, and international investment, creating one of the most active and exciting urban environments in the country. The location also provides immediate access to Brickell, Wynwood, Miami Beach, Coconut Grove, the Design District, and Miami International Airport, offering unmatched convenience for both full time residents and seasonal owners seeking a connected luxury lifestyle. Designed with a hospitality first approach, Palm Tree Residences delivers a complete resort inspired living experience centered around wellness, entertainment, and exclusivity. Residents will enjoy access to luxury amenities including a full service wellness spa, state of the art fitness center, padel courts, resort style pool deck, private lounges, entertainment spaces, and elevated hospitality services throughout the building. A future Palm Tree branded venue planned for the ground floor is expected to become a major destination within Downtown Miami’s luxury social scene, further strengthening the building’s identity as both a residence and lifestyle hub. Owners and their guests will also enjoy access to the exclusive Palm Tree rooftop deck, a private rooftop experience reserved only for residents and invited guests. One of the project’s most attractive features is its complete short term rental flexibility with no minimum rental restrictions, allowing owners the ability to maximize rental income potential while maintaining the freedom to use the residence personally throughout the year. Residence 1105 is a spacious and beautifully designed three bedroom, three bathroom residence offering 1,209 square feet of interior living space with desirable south facing exposure overlooking Brickell and Coconut Grove views. Delivered fully furnished and fully finished, the residence features sophisticated modern interiors curated to reflect the elevated Palm Tree lifestyle aesthetic. Floor to ceiling glass allows natural light to pour throughout the residence while enhancing the open skyline views and seamless indoor outdoor atmosphere. Interior finishes include a designer kitchen with premium appliances and custom cabinetry, elegant spa inspired bathrooms, expansive living spaces, and refined contemporary detailing throughout. Residence 1105 presents a rare opportunity to own a larger floor plan within one of Miami’s most socially connected branded developments while benefiting from luxury lifestyle amenities, short term rental flexibility, and direct access to the exclusive Palm Tree global community.

Getting Around

91
WalkingWalker's Paradise
100
TransitRider's Paradise
71
BikeVery Bikeable

Schools

Construction

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Basement

  • Basement: No

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Interior Area

  • Total structure area: 1,209
  • Total interior livable area: 1,209 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Coastal Flooding
Cold Wave
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters in Miami-Dade County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,390$88,680
Home Insurance *$1,130$13,560
Property Taxes $986$11,832
Electricity $197$2,366
Total$9,703$116,436
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$332,674/yr
40% on housing$291,090/yr
45% on housing$258,746/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,209This listing

vs Other Active Listings

Avg $/sqft

ZIP 33030$288
Miami-Dade County$639

vs Homes Sold Last Month

Median $/sqft

ZIP 33030$340
Miami-Dade County$404

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-26Listed for sale$1,461,500

For Sale by Agent

AgentSteven Mikhli
BrokerageNest Seekers

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