Robert Rivani, Founder of the innovative real estate firm RIVANI, has acquired a premier waterfront estate on Miami Beach’s exclusive Palm Island for $23 million. The property is slated for a sweeping multi-million-dollar redesign that will transform it into one of the island’s most distinguished private homes.
Situated at 16 Palm Avenue, the estate occupies a 35,348-square-foot lot with approximately 220 feet of prime, south-facing waterfront, offering the rare ability to dock yachts up to 205 feet. Nestled within Palm Island’s coveted, police-guarded enclave, the property delivers an unparalleled combination of privacy, security, and expansive bay views.
“Our vision is to create a legacy property—one that is timeless and surpasses the expectations of today’s luxury buyer in every way,” said Robert Rivani, Founder of RIVANI. “Our dedication to exceptional quality and transformative luxury environments defines our portfolio, and this home will reflect that standard in every detail.”
Inspired by the world’s finest resorts, Rivani plans to reimagine the estate as a South of France–influenced retreat, merging Mediterranean elegance with intimate architectural moments and the vibrant character of Miami. The redevelopment will feature the highest-grade organic materials and finishes, drawing from the bay and tropical surroundings to craft an elevated, immersive living experience.
Dina Goldentayer of Douglas Elliman represented Rivani in the purchase, while Luis Bosch of Venetian International held the listing.
“Originally listed at $32.5 million, Robert acquired this estate at a significant value—proof of his ability to identify overlooked assets and unlock their full potential,” said Goldentayer. “The property offers everything: scale, pedigree, a coveted location, and extraordinary water frontage—traits that are increasingly rare in Miami’s competitive luxury market. With Robert’s vision, the estate is poised to become a true generational property.”
RIVANI continues to reshape the real estate landscape by transforming hospitality, retail, and office assets into high-impact, lifestyle-driven destinations. With more than $1 billion in independently executed transactions, the firm’s portfolio includes the landmark ‘Class X’ luxury office tower The RIVANI on Miami Beach—home to Playboy Enterprises’ penthouse office—the recent $37 million acquisition of the historic Lincoln Theatre, and celebrated destination projects such as GAIA, the fully leased Wynwood Jungle, and the 325,000-square-foot regional power center The Gardens in New Jersey.
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