If you’re searching for the most prestigious real estate in Miami Beach, few places compare to the privacy and prestige of Palm Island, Star Island, and Hibiscus Island. Located just off the MacArthur Causeway in Biscayne Bay, these three gated islands offer ultra-luxury living, private docks, and sweeping views—all minutes from South Beach, Downtown Miami, and the Design District.
Location and Lifestyle
Palm, Star, and Hibiscus Islands are prized for their central yet secluded setting. While each island has its own identity, they all share a high level of security, exclusivity, and access to open bay waters. Residents enjoy the best of both worlds: quiet, estate-style living with close proximity to the vibrancy of Miami Beach.
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Palm Island is known for its historic mansions, celebrity heritage, and oversized waterfront lots. Many homes here feature expansive pools, large docks, and lush landscaping.
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Star Island is synonymous with fame and glamour. With only a handful of residences, each estate is architecturally unique and sits on a wide, unobstructed stretch of Biscayne Bay.
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Hibiscus Island offers a more understated elegance, with a mix of classic homes and modern builds. It’s also known for its community park, tennis courts, and family-friendly layout.
Real Estate Market Trends in 2025
These islands remain among the most stable and valuable residential areas in Miami Beach. Recent market highlights include:
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Median home prices on these islands are nearing $10 million, with high-end listings reaching above $100 million.
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Days on market remain longer due to the bespoke nature of each listing, but demand from out-of-state and international buyers remains consistent.
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A record-setting Palm Island compound recently listed for $150 million, underscoring the rarity and value of inventory in this segment.
Buyers here are typically seeking more than just a property—they are looking for legacy homes, secure privacy, and long-term appreciation in a market that holds global appeal.
Why These Islands Stand Out
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Gated security and low-density layout offer peace of mind and seclusion
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Direct waterfront access with most homes offering private boat docks
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Architectural diversity, from classic Mediterranean estates to cutting-edge contemporary builds
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Proximity to culture and convenience with quick access to Miami’s top restaurants, art galleries, and beaches
These factors have helped the islands maintain their status as some of the most desirable neighborhoods not just in Miami Beach, but in the entire state of Florida.
Final Thoughts
Whether you are seeking a full-time residence, a seasonal escape, or a long-term investment in Miami’s ultra-luxury market, Palm, Star, and Hibiscus Islands offer a lifestyle defined by privacy, space, and timeless value. As Miami Beach continues to grow in global appeal, these islands remain the gold standard for elite waterfront living.