Tour
#A11729636, Fredrik Eklund, Listing office: Douglas Elliman
$99,000,000 List price
198 Palm Ave Miami Beach, FL 33139
15 beds
17 full, 5 partial
24,036 sqft
$4,119 / sqft
House
Property details
About 198 Palm Ave
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.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size24,036 sqft
Year built2016
ParkingAttached, Circular Driveway, Covered, Driveway, Garage, Golf Cart Garage, Guest, Other, On Street, Garage Door Opener
MLS #A11833354
Attached garage10 spaces
WaterfrontBay Front
ViewBay, Ocean, Other, Water
Virtual tour
Summary
- Partial Bathrooms: 5
- Full Bathrooms: 17
- Appliances: Oven, Dryer, Dishwasher, Gas Range, Microwave, Other, Refrigerator, Washer
- Flooring Type: Other
- Interior: Breakfast Bar, Bedroom on Main Level, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, French Door(s)/Atrium Door(s), First Floor Entry, Fireplace, High Ceilings, Kitchen Island, Living/Dining Room, Other, Sitting Area in Primary, Split Bedrooms, Upper Level Primary, Bar, Walk-In Closet(s), Elevator
- Total Bedroom Count: 15
- Garage Space: 10 spaces
- Attached Garage: Yes
- Parking: Attached, Circular Driveway, Covered, Driveway, Garage, Golf Cart Garage, Guest, Other, On Street, Garage Door Opener
- Waterfront: Bay Front
- View: Bay, Ocean, Other, Water
- Exterior: Balcony, Barbecue, Security/High Impact Doors, Lighting, Outdoor Grill, Patio
- Architectural Style: Detached, Two Story
- Heating: Central
- Cooling: Central Air
- List Price: $99,000,000
- Price/SqFt: $4,118
- Annual Tax Amount: $275,981
- Tax Year: 2023
- Year Built: 2016
- Stories: 2
- Living Area: 24,036 SqFt
- MLS Number: A11833354
- MLS Name: SEFMIAMI
- Office Name: Douglas Elliman
- Office Phone: (305) 695-6070
- Office Email: martha.pomares@elliman.com
- Listing Agent: Fredrik Eklund
© 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/22/2025, 7:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $17,625,721 | $275,981 |
| 2022 | $14,259,502 | $270,850 |
| 2021 | $9,631,579 | $270,850 |
| 2020 | $9,675,653 | $188,358 |
| 2018 | $9,298,843 | $180,285 |
| 2017 | $9,035,451 | $167,661 |
History based on county public records data.
Nearby schools
8
Miami Children's Museum Charter School
Public Charter KG-5
0.8 mi
•980 MacArthur Cswy
8
South Pointe Elementary School
Public District PK-5
1.6 mi
•1050 4th St
3
Bridgeprep Academy of Greater Miami
Public Charter KG-5
2.0 mi
•137 NE 19th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $102,500. Residents of Miami Beach, FL typically earn $200k+ each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
23%
<35k
26%
35k-100k
17%
100k-200k
34%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
46%
Single, No Kids
5%
Single, with Kids
30%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
6%
12-17 yrs old
13%
18-34 yrs old
54%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
Men's Tennis- Tennis
Where do the neighbors shop?
Nordstrom
Bloomingdales
Brooks Brothers
Where do the neighbors go to eat?
California Pizza Kitchen
Bonefish Grill
Qdoba
What do the neighbors drive?
BMW
Lexus
Acura
What do the neighbors listen to?
Talk/Personality
News
Sports
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 198 Palm Ave
The listing price of 198 Palm Ave property is $99,000,000.
The property 198 Palm Ave is a house located in Miami Beach, Florida, 33139.
Active Listing: 198 Palm Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 198 Palm Ave are: Miami Children's Museum Charter School (GreatSchools Rating 8/10), South Pointe Elementary School (GreatSchools Rating 8/10), Bridgeprep Academy of Greater Miami (GreatSchools Rating 3/10), Ada Merritt K-8 Center (GreatSchools Rating 10/10), Lincoln-Marti Charter School Little Havana Campus (GreatSchools Rating 8/10), Nautilus Middle School (GreatSchools Rating 4/10), I Preparatory Academy (GreatSchools Rating 10/10), Miami-Dade Online Academy- Virtual Instruction Program (GreatSchools Rating 8/10), New World School of the Arts (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $275,981 (source: MLS/based on county public records data).
The property at 198 Palm Ave has 15 bedrooms and 17 full and 5 half bathrooms.
The property 198 Palm Ave is 24,036 SqFt (source: MLS/tax record).
The year of construction for 198 Palm Ave is 2016.
This home is located at 198 Palm Ave in Miami Beach, FL and zip code 33139 in the Palm Island neighborhood. This 24,036 square foot home was built in 2016. Features: 15 bedrooms, 22 bathrooms. It has been listed on Rocket Homes since July 9, 2025 and is currently priced at $99,000,000.
In June 2025, from all listings sold in Miami Beach, FL there were more than 1 sold above asking price, over 109 sold below and more than 6 were sold right at the asked price. The inventory of homes for sale in Miami Beach, FL between May and June 2025 increased by 3.9%. The median list price of listings available in June 2025 was $699,500, while the average time on the real estate market was 110 days.
From Rocket Homes Real Estate and based on county public records data.