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198 Palm AveMiami Beach, FL 33139

For Sale

$99,000,000

Smart Buyer Rebate $990,000

Introducing 198 & 190 Palm Ave, featuring 24,036 gated interior sqft on a 60,000 sqft lot with 200 linear feet on the water with multiple docks for yachts. The compound includes two mansions side-by-side, and gives full flexibility with room for staff, guests and security. Meticulously designed with the highest quality materials and an unwavering commitment to detail. With a grand total of 15 bedrooms, 17 full + 5 half bathrooms, 2 swimming pools, lush gardens and docks for multiple mega yachts. Every space is a testament to luxury; it’s a lifestyle of unparalleled elegance and refinement. Seize this rare opportunity to own the most private and secure paradise on Palm Island.

Listed by Fredrik Eklund

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License #3561645

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Douglas Elliman

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206-423-9055

Last updated July 09, 2025

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Source: MIAMIRE #A11833354

Listing Facts

  • TypeSingle-family
  • NeighborhoodPalm Island
  • Bedrooms15
  • Bathrooms22
  • Days on Prevu60
  • Taxes$345,270/year
  • Size24,036 sqft
  • Price per sqft$4,119

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed
  • Air Conditioning
  • Elevator
  • Swimming Pool

Location

Mortgage Calculator

Listing History

07/09/2025
Listed by Douglas Elliman
$99,000,000

Property Details for 198 Palm Ave

Association

Amenities

  • Community Features: Additional Amenities, Tennis Court(s), Gated Community, Maintained Community, Other, Security Patrol, Street Lights
  • Pets Allowed: Yes

Exterior

Construction

  • Roof: Other
  • Structure Type: House
  • Window Features: High Impact Windows
  • Year Built: 2016
  • Year Built Details: Resale
  • Architectural Style: Detached, Two Story
  • Building Name: PALM ISLAND
  • Construction Materials: CBS Construction
  • Entry Location: Foyer
  • Exterior Features: Barbeque, Built-In Grill, Lighting, Open Balcony

Features

  • Direction Faces: South
  • Other Structures: Guest House
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Features: In Ground, Pool/Spa Combo
  • View: Bay, Ocean, Other, Water
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Measurements

  • Building Area Units: Square Feet
  • Frontage Length: 200
  • Frontage Type: Bay
  • Lot Features: 1 To Less Than 2 Acre Lot
  • Lot Size Square Feet: 60,000
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 02-42-05-001-0510
  • Tax Annual Amount: $345,270.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Gas Range, Refrigerator, Wall Oven, Washer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Other
  • Interior Features: First Floor Entry, Bar, Cooking Island, Elevator, Entrance Foyer, French Doors, Other, Split Bedroom, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Family Room, Utility/Laundry In Garage
  • Spa: Yes

Measurements

  • Living Area: 24,036
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 17
  • Bathrooms Half: 5
  • Bathrooms Total Integer: 22
  • Bedrooms Total: 15

Other

Features

  • Accessibility Features: Accessible Elevator Installed

Location

  • Subdivision Name: PALM ISLAND

Parking

Parking

  • Attached Garage: Yes
  • Covered Spaces: 10
  • Garage Spaces: 10
  • Garage: Yes
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Covered, Driveway, Golf Cart Parking, Guest, Other, On Street

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: In Garage
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Sewer: Public Sewer
  • Water Source: Municipal Water

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.