Today I thought about this for the first time and I really cannot see what is going on. I think it is a very stupid question but I really cannot see it.
Consider the space $L^{\infty}(\mathbb{R})$ with the Lebesgue measure. According to this: The Duals of $l^\infty$ and $L^{\infty}$, an element in the dual of this space is a finite signed measure $v$ which is absolutely continuous with respect to the Lebesgue measure.
By Radon - Nikodym theorem we obtain: $dv = fd\mu$ and then the bounded total variation property is equivalent to $f \in L^1$.
Thus we may thus construct an isometry between $(L^{\infty})^*$ and $L^1$ in an obvious way to get reflexivity of $L^1$ which is absurd. So my question is: where is the mistake?