Location: 308 S Coconut Lane, Miami Beach, FL

Square Footage: 6,155

Bedrooms & Bathrooms: 5 bedrooms & 7 bathrooms

Price: $6,999,000 ($8,900,000 in 2014)

This Mediterranean style waterfront home is located at 308 S Coconut Lane on the guard-gated Palm Island in Miami Beach, FL.

It was built in 2008 and features approximately 6,155 square feet of living space with 5 bedrooms, 5 full and 2 half bathrooms, foyer, sweeping staircase, formal living & dining rooms, gourmet kitchen, 2-car garage and more.

Outdoor features include numerous balconies & terraces, rooftop terrace with spa, patio, infinity edge swimming pool with cascading waterfall feature and a boat dock.

It is listed at $6,999,000.