The Real Deal Miami

Former Budweiser estate on Palm Island listed at $14.5M

Home was previously listed for $12M in 2010, reduced to $8.9M in 2013

August 28, 2015 05:45PM
By Ina Cordle

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142 Palm Avenue in Miami Beach

The historic Miami-Dade County estate built for Anheuser-Busch beer magnate Clarence M. Busch is again on the market, this time for $14.5 million, The Real Deal has learned.

The mansion, at 142 Palm Avenue on Palm Island in Miami Beach, has seven bedrooms, six bathrooms, one half-bath spread among 7,455 square feet. It was built in 1920 and is currently owned by Nora Rodriguez, who bought it in 1976 for $145,000, according to Miami-Dade property records.

In 2013, the estate was listed for $8.9 million, down from a $12 million asking price in July 2010. At that time, the listing said it still contained original touches such as white awnings over the windows and hand-painting bluebirds on the walls of the dining room. The home also features an office, pool, gym, guest house, terrace, rose garden, dock and three studios.

Nora Walz, formerly of ONE Sotheby’s International Realty, had the listing in 2010 and in 2013. In a public records search, her middle name appears to be Rodriguez, the same name as the owner. Now working as a Realtor with Big Time Realty, she appears to have the listing again, but could not be reached for comment on Friday. The new listing appeared in a Brown Harris Stevens | Zilbert market update on Friday.

Palm Island is home to a many multimillion dollar residences. In July, a 30,000-square-foot estate at 130 Palm Avenue in Miami Beach sold for $8.6 million. Al Capone’s former mansion, at 93 Palm, is getting a facelift and new life as a production, filming and photo shoot venue, TRD previously reported.  And earlier this year, 10 Palm Avenue was listed for a whopping $39 million. Former executive and hospitality CEO Christian Jagodzinski owns the property.