$17,000,000
SOLD OCT 27, 2021

198 Palm Ave Miami Beach, FL 33139

Star, Palm and Hibiscus Islands Neighborhood
7 Beds
8.5 Baths
11,650 Sq Ft
0.69 Acres

Recently Sold

$1,459 Per Sq Ft

199 Days on Market

Highlights

  • Ocean Front
  • Deeded Boat Dock
  • In Ground Pool
  • South Pointe Elementary School Rated A-
  • Home Theater
  • 1-minute walk to Palm Island Park

About This Home

As of October 2021

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.

Last Agent to Sell the Property

Jesus Adrian

Adrian Realty, LLC License #3299969 Listed on: 04/07/2021

Last Buyer's Agent

Cesar Powell

Coldwell Banker Realty License #3461150

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $189,708

Year Built

  • Built in 2016

Lot Details

  • 0.69 Acre Lot
  • 100 Ft Wide Lot
  • Ocean Front
  • Northeast Facing Home
  • Fenced
  • Property is zoned 2200

Parking

  • 4 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway
  • Paver Block
  • Open Parking

Home Design

  • Tile Roof
  • Concrete Block And Stucco Construction
  • Piling Construction

Interior Spaces

  • 11,650 Sq Ft Home
  • 2-Story Property
  • Awning
  • French Doors
  • Great Room
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Recreation Room
  • Storage Room
  • Sauna
  • Direct Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Free-Standing Freezer
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Maid or Guest Quarters
  • Bidet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Washer
  • Laundry Tub

Home Security

  • Clear Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • In Ground Pool
  • Pool Equipment Stays

Outdoor Features

  • Property has ocean access
  • Deeded Boat Dock
  • Balcony
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Utilities

  • Central Heating and Cooling System
  • Whole House Permanent Generator
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-42-05-001-0510

Community Details

Overview

  • No Home Owners Association
  • Palm Island Subdivision

Amenities

  • Picnic Area

Recreation

  • Tennis Courts

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$189,708

Year Built

Built in 2016

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Dock,Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: PALM ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Water Heater, Free-Standing Freezer, Ice Maker, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Bar, Cooking Island, Elevator, French Doors, Laundry Tub, Pantry, Walk-In Closet(s), Den/Library/Office, Family Room, Great Room, Maid/In-Law Quarters, Media Room, Recreation Room, Sauna, Storage, Utility Room/Laundry
  • Spa Yn: Yes
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Door Features: High Impact Doors, French Doors
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 11650
  • Other Equipment: Whole House Permanent Generator, Automatic Garage Door Opener, Elevator
  • Possible Use: Unknown/Withheld
  • Window Features: Clear Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Sitting Area - Master Bedroom, Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen, Formal Dining, Snack Bar/Counter
  • Living Room Features: Den/Library/Office, Family Room, Great Room, Maid/In-Law Quarters, Media Room, Recreation Room, Sauna, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Curved/S-Tile Roof
  • View: Ocean, Direct Ocean
  • Exterior Features: Built-In Grill, Lighting, Open Balcony
  • Construction Type: CBS Construction, Piling Construction
  • Direction Faces: Northeast
  • Fencing: Fenced
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Patio And Porch Features: Awning(s), Open Balcony, Open Porch
  • Pool Features: In Ground, Equipment Stays
  • Pool Private: No
  • Property Condition: Piling Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: PALM ISLAND
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Covered, Driveway, Paver Block

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub, Utility Room/Laundry
  • Security: Fire Alarm, Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Tennis Court(s), Gated Community, Paved Road, Picnic Area, Public Road, Security Patrol

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-42-05-001-0510
  • Lot Size Sq Ft: 30000
  • Zoning: 2200
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 189708

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2022
Sold by
Jlg Family Holdings Llc
Bought by
198 Palm Ave Llc

Purchase Details

Listed on
Apr 7, 2021
Closed on
Oct 27, 2021
Sold by
Adrian Pedro and Adrian Adria
Bought by
Jlg Family Holdings Llc
Seller's Agent
Jesus Adrian
Adrian Realty, LLC
Buyer's Agent
Cesar Powell
Coldwell Banker Realty
List Price
$16,999,000
Sold Price
$17,000,000
Premium/Discount to List
$1,000
0.006%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.66%

Purchase Details

Closed on
Mar 31, 2010
Sold by
Adrian Pedro J and Adrian Olga M
Bought by
Adrian Pedro and Adrian Adria

Purchase Details

Closed on
Jan 15, 2005
Sold by
Heller David and Heller June
Bought by
Adrian Pedro J and Adrian Olga M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,220,000
Interest Rate
5.66%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 23, 2004
Sold by
Hammy Inc
Bought by
Heller David and Heller June

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 15, 1998
Sold by
Lester and Teltsher Sharon
Bought by
Hammy Inc

Purchase Details

Closed on
Apr 29, 1998
Sold by
Lester and Teltsher Sharon
Bought by
Hammy Inc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Joseph A Porrello Pa
Warranty Deed $17,000,000 Attorney
Interfamily Deed Transfer $3,103,000 None Available
Warranty Deed $3,750,000 --
Warranty Deed $3,000,000 --
Warranty Deed $100 --
Warranty Deed $1,100,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $7,348,300 Unknown
Previous Owner $2,890,000 Unknown
Previous Owner $2,000,000 Stand Alone Second
Previous Owner $2,220,000 Unknown
Previous Owner $2,400,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Rent $125,000 0.0% --
07/09/2025 07/09/25 For Sale $99,000,000 0.0% $4,119 / Sq Ft
09/19/2024 09/19/24 Rented $95,000 0.0% --
05/21/2024 05/21/24 For Rent $95,000 0.0% --
10/27/2021 10/27/21 Sold $17,000,000 -14.6% $1,459 / Sq Ft
10/23/2021 10/23/21 Pending -- -- --
05/12/2021 05/12/21 Price Changed $19,900,000 +17.1% $1,708 / Sq Ft
04/14/2021 04/14/21 For Sale $16,999,000 0.0% $1,459 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $16,999,000 -- $1,459 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $342,894 $17,484,500 -- --
2024 $335,992 $15,895,000 -- --
2023 $335,992 $14,450,000 $6,574,279 $7,875,721
2022 $270,850 $14,259,502 $6,300,000 $7,959,502
2021 $188,359 $9,631,579 $5,400,000 $4,231,579
2020 $189,708 $9,675,653 $5,400,000 $4,275,653
2019 $190,745 $9,719,729 $5,400,000 $4,319,729
2018 $180,286 $9,763,439 $5,400,000 $4,363,439
2017 $167,661 $8,453,494 $0 $0
2016 $102,990 $4,797,404 $0 $0
2015 $97,322 $4,661,646 $0 $0
2014 $92,787 $4,237,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fredrik Eklund

    Seller's Agent in 2025

    Fredrik Eklund

    Douglas Elliman

    (206) 423-9055

    434 Total Sales

    Fredrik Eklund
    Section Image
  • Dina Goldentayer

    Seller's Agent in 2024

    Dina Goldentayer

    Douglas Elliman

    (305) 695-6300

    5 in this area

    226 Total Sales

    Dina Goldentayer
    Section Image
  • Joseph Schafer

    Seller Co-Listing Agent in 2024

    Joseph Schafer

    Douglas Elliman

    (305) 695-6300

    1 in this area

    73 Total Sales

    Joseph Schafer
    Section Image
  • Cristiano Piquet

    Buyer's Agent in 2024

    Cristiano Piquet

    Piquet Realty

    (786) 302-2525

    24 Total Sales

    Cristiano Piquet
    Section Image
  • Jesus Adrian

    Seller's Agent in 2021

    Jesus Adrian

    Adrian Realty, LLC

    (305) 225-1515

    1 in this area

    7 Total Sales

    Jesus Adrian
    Section Image

  • C

    Buyer's Agent in 2021

    Cesar Powell

    Coldwell Banker Realty

    (305) 491-1611

    1 in this area

    1 Total Sale

    Cesar Powell
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11023630

MIAMI REALTORS® MLS

APN: 02-4205-001-0510

Florida Miami/Dade County Miami Beach 33139 Star, Palm and Hibiscus Islands

198 Palm Ave, Miami Beach, FL

This home is located at 198 Palm Ave, Miami Beach, FL 33139 and is currently priced at $17,000,000, approximately $1,459 per square foot. This property was built in 2016. 198 Palm Ave is a home located in Miami-Dade County with nearby schools including South Pointe Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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