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Off market
  • $28,113,100

    198 Palm Ave, Miami Beach, FL 33139

    15beds
    24,036sqft
    Single Family Residence
    Built in 2016
    -- sqft lot
    $28,113,100 Zestimate®
    $1,170/sqft
    $118,387 Estimated rent

    Home value

    $28,113,100

    $22.77M - $34.58M

    $118,387/mo

    Zestimate® history
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    $192,186/mo

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    $192,186/mo

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    What's special

    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; its a lifestyle of unparalleled elegance and refinement. Seize this rare opportunity to own the most private and secure paradise on Palm Island.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Source: Douglas Elliman,MLS#: A11833354MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 22
    • Full bathrooms: 17
    • 1/2 bathrooms: 5
    Features
    • Has basement: No
    Interior area
    • Total structure area: 24,036
    • Total interior livable area: 24,036 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: GarageAttached
    • Has attached garage: Yes
    Features
    • Patio & porch: Patio
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Waterfront
    • Frontage type: Waterfront
    Details
    • Parcel number: 0242050010510

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence
    Condition
    • Year built: 2016

    Community & HOA

    Community
    • Subdivision: Miami Beach
    Location
    • Region: Miami Beach

    Financial & listing details

    • Price per square foot: $1,170/sqft
    • Tax assessed value: $25,427,169
    • Annual tax amount: $383,681
    • Date on market: 7/9/2025
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    1/28/2026Listing removed$125,000$5/sqft
    Source: Douglas Elliman Report a problem
    1/26/2026Listed for rent$125,000$5/sqft
    Source: Douglas Elliman Report a problem
    1/23/2026Listing removed$125,000$5/sqft
    Source: MIAMI #A11844617 Report a problem
    10/29/2025Listing removed$99,000,000$4,119/sqft
    Source: Douglas Elliman #A11833354 Report a problem
    7/22/2025Listed for rent$125,000+31.6%$5/sqft
    Source: MIAMI #A11844617 Report a problem
    7/9/2025Listed for sale$99,000,000+482.4%$4,119/sqft
    Source: MIAMI #A11833354 Report a problem
    9/18/2024Listing removed$95,000$4/sqft
    Source: MIAMI #A11591219 Report a problem
    5/21/2024Listed for rent$95,000-29.6%$4/sqft
    Source: MIAMI #A11591219 Report a problem
    4/24/2024Listing removed--
    Source: MIAMI #A11521826 Report a problem
    2/22/2024Price change$135,000-10%$6/sqft
    Source: MIAMI #A11521826 Report a problem
    1/26/2024Listed for rent$150,000+25%$6/sqft
    Source: MIAMI #A11521826 Report a problem
    5/10/2023Listing removed--
    Source: Zillow Rentals Report a problem
    5/1/2023Listed for rent$120,000$5/sqft
    Source: Zillow Rentals Report a problem
    5/1/2023Listing removed--
    Source: MIAMI #A11345319 Report a problem
    4/13/2023Listed for rent$120,000$5/sqft
    Source: MIAMI #A11345319 Report a problem
    3/20/2023Listing removed--
    Source: MIAMI #A11345319 Report a problem
    2/19/2023Listed for rent$120,000+33.3%$5/sqft
    Source: MIAMI #A11345319 Report a problem
    4/6/2022Listing removed--
    Source: Zillow Rental Network_1 Report a problem
    2/16/2022Listed for rent$90,000$4/sqft
    Source: Zillow Rental Network_1 #A11140095 Report a problem
    10/27/2021Sold$17,000,000-14.6%$707/sqft
    Source: MIAMI #A11023630 Report a problem
    10/23/2021Pending sale$19,900,000$828/sqft
    Source: MIAMI #A11023630 Report a problem
    5/13/2021Price change$19,900,000+17.1%$828/sqft
    Source: MIAMI #A11023630 Report a problem
    4/7/2021Listed for sale$16,999,000+353.3%$707/sqft
    Source: MIAMI #A11023630 Report a problem
    2/2/2005Sold$3,750,000+25%$156/sqft
    Source: Public Record Report a problem
    8/11/2004Sold$3,000,000+172.7%$125/sqft
    Source: Public Record Report a problem
    4/29/1998Sold$1,100,000$46/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$383,681 +11.1%$17,484,500 +10%
    2024$345,270 +2.8%$15,895,000 -9.8%
    2023$335,992 +24.1%$17,625,720 +23.6%
    2022$270,850 +43.8%$14,259,502 +48%
    2021$188,359 -0.7%$9,631,579 -0.5%
    2020$189,708 -0.5%$9,675,653 -0.5%
    2019$190,745 +5.8%$9,719,729 +4.5%
    2018$180,286 $9,298,843 +10%
    2017$180,286 +7.5%$8,453,494 +76.2%
    2016$167,661 +72.3%$4,797,404 +2.9%
    2015$97,322 +29%$4,661,646 +21%
    2013$75,461 $3,852,600 +6.6%
    2012$75,461 -4.3%$3,612,600
    2005$78,833 +38.8%--
    2004$56,800 +30.8%--
    2003$43,410 +68.1%--
    2002$25,821 --
    2001$25,821 --
    Find assessor info on the county website

    Neighborhood: Palm Island

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $28,113,100
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    Estimated market value
    $28,113,100