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198 Palm Ave

  • 7 beds
  • 9 baths
  • 11,650 sqft
  • ~3/4 acre lot
  • $1,459 per sqft
  • 2016 build
  • on site

Welcome to the prestigious 198 Palm Ave, Built in 2016 This luxurious property is situated on a 30,000 Sq/ft Lot on Palm Island. Being one of the largest lots on the palm island, new owners can enjoy 100 ft of ocean frontage over looking the immaculate Downtown Miami Skyline. Enjoy this Mediterranean inspired 14,000 sq/ft home which includes 6 bedrooms, 8.5 independently designed bathrooms, spacious 4 car garage. Top of the line amenities include a spa with large steam sauna, an exercise room including jacuzzi, Complete Bar downstairs with spacious temperature controlled wine cellar. The backyard features a large 20x40 heated pool, a large covered terrace with S/S complete BBQ installation. Enjoy the quiet breeze while sitting under one of 2 large gazebos overlooking the ocean.

MLSM logo Listing courtesy of MLSM / Adrian Realty, LLC

Last checked: Checking… • Last updated Apr 15, 2021 •

MLS# A11023630 —

Amenities & Taxes

The Building

Year Built:
2016
Year Built Details:
Resale
Construction Materials:
Block
Architectural Style:
Detached, TwoStory
Door Features:
FrenchDoors
Exterior Features:
Awnings, Balcony, Fence, SecurityHighImpactDoors, Lighting, OutdoorGrill, Porch
Patio And Porch Features:
Balcony, Open, Porch
Security Features:
GatedCommunity, SmokeDetectors, SecurityGuard
Roof:
SpanishTile
Direction Faces:
Northeast
Building Area Total:
14515.0

Interior

Interior Features:
BreakfastBar, BedroomonMainLevel, BreakfastArea, DiningArea, SeparateFormalDiningRoom, EatinKitchen, FrenchDoorsAtriumDoors, FirstFloorEntry, KitchenIsland, LivingDiningRoom, Pantry, SittingAreainMaster, UpperLevelMaster, Bar, WalkInClosets, Elevator
Levels:
Two
Stories:
2
Flooring:
Tile, Wood
Living Area:
11650.0
Laundry Features:
LaundryTub

Financial & Terms

Possession:
ClosingFunding

The Property

View:
true
View:
Ocean
Parcel Number:
02 42 05 001 0510
Property Type:
Residential
Property Sub Type:
SingleFamilyResidence
Lot Size Area:
30000.0
Lot Size Units:
SquareFeet
Lot Features:
Item1Acre
Lot Size Square Feet:
30,000 Sqft
Frontage Length:
100
Zoning Description:
2200
Waterfront:
true
Waterfront Features:
OceanAccess, OceanFront
Road Surface Type:
Paved
Road Frontage Type:
CityStreet
Property Sub Type Additional:
SingleFamilyResidence

Listing Agent

Contact info:

Taxes

Tax Year:
2020
Tax Annual Amount:
$189,708

Beds

Bedrooms Total:
7

Baths

Bathrooms Total:
9
Bathrooms Full:
8
Bathrooms Half:
1

The Listing

Virtual Tour Unbranded:
Virtual Tour

Heating & Cooling

Cooling:
CentralAir
Cooling:
true
Heating:
Central
Heating:
true

Utilities

Water Source:
Public
Sewer:
PublicSewer

Appliances

Appliances:
BuiltInOven, Dishwasher, ElectricRange, ElectricWaterHeater, Freezer, Disposal, IceMaker, Microwave, Other, Refrigerator, Washer

The Community

Subdivision Name:
Palm Island
Community Features:
Gated, Park, TennisCourts
Senior Community:
false
Pets Allowed:
NoPetRestrictions,Yes
Spa:
True
Pool Features:
InGround, PoolEquipment, Pool

Parking

Parking Features:
Attached, Covered, Driveway, Garage, PaverBlock, GarageDoorOpener
Garage:
true
Attached Garage:
true
Garage Spaces:
4.0
Covered Spaces:
4.0

Schools

Rating Details
7

South Pointe Elementary School

  • Public
  • K-5
  • 1.6 mi
3

Miami Beach Senior High School

  • Public
  • 9-12
  • 2.3 mi
5

Nautilus Middle School

  • Public
  • 6-8
  • 3.0 mi
N/A

Robert Morgan Educational Center And Technical College

  • Public
  • 9-12
  • 18.8 mi
10

Air Base Elementary School

  • Public
  • K-8
  • 23.4 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Monthly cost estimate

198 Palm Ave

Asking price

$16,999,000

Mortgage

$57,996

Taxes $15,809
Insurance $4,674
Utilities $417 See report
Total $78,896/mo.*
*This is an estimate

Flood Risk

  • FEMA Zone (est.):
  • Flood insurance:

Get an instant insurance quote

Flood likelihood over time

year probability
1y 35%
5y 93%
10y 99%
15y 100%
20y 100%
25y 100%
30y 100%

Because risk accumulates over time, this property has a 100% chance of flooding within the next 30 years.

Provided by Flood Factor™

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WalkScore®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Loud Moderate Quiet

Air Pollution Index

Provided by ClearlyEnergy

Worst Moderate Best

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Atlantic Broadband

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Sale history

Date Event Source Price % Change
4/14/21
Relisted MLSM $16,999,000
4/12/21
Pending MLSM $16,999,000
4/7/21
Listed / Active MLSM $16,999,000

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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