Fabrizio Cacciatore | Come investire a Miami: 280S Coconut Lane, Miami Beach

The view a bedroom terrace at 280 South Coconut Lane in Miami Beach

This modern beauty on Palm Island in Miami Beach hit the market recently asking $10.8 million ($1,759 per square foot).

The 6,139-square-foot waterfront home was completed in 2015 and has six bedrooms and eight bathrooms. Further bolstering the exquisite residence is a chef’s kitchen with dual islands and cabinetry imported from Makassar, Indonesia; a 90-bottle wine cooler; DuChateau American Walnut throughout; an infinity pool and multiple terraces overlooking the bay; an elevator; a garden; a 25-foot boat lift; and a rooftop terrace.

It’s located at 280 South Coconut Lane and faces the bay, with MacArthur Causeway and cruise ships docked at the port in the distance. The property was acquired in 2011 for $1.7 million, according to public records, and was built over the course of five years, per Gary Hennes, who is listing the home with Evelyn Menin, both of Gary Hennes Realtors.

The home is down the street from the $20 million mansion listed by rapper Birdman.