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Miami Beach compound asks a record $185.5M — after listing for $150M in 2024
A three-property waterfront compound on Palm Island in Miami Beach is being offered for $185.5 million, after previously asking $150 million. If sold at that price, it would set a new Miami-Dade County residential sales record, exceeding the $170 million paid for Mark Zuckerberg and Priscilla Chan’s Indian Creek Island property in March.
The more than two-acre site at 190, 198 and 210 Palm Ave. has about 300 feet of Biscayne Bay waterfront. Its three existing mansions contain over 35,000 square feet, 21 bedrooms and three pools; the sellers are also presenting plans for a 30,000-square-foot replacement estate with 10 bedrooms, a car museum, salon and extensive spa facilities. The compound first listed for $150 million in 2023, returned at that price in January 2025, then was reduced to $148.5 million before the latest increase.
In short
- Palm Island compound asks $185.5 million.
- A sale at that price would set a county record.
- Plans propose replacing three mansions with one trophy estate.
Explained simply
Palm Island is a residential island in Miami Beach, on Biscayne Bay. The property brings together three neighbouring waterfront homes, with a combined site of more than two acres and about 300 feet of shoreline.
The three mansions have 21 bedrooms and three pools. The sellers are also offering plans for a much larger replacement home, with 10 bedrooms and facilities including a car museum and spa.
A sale at the asking price would set a residential property record for Miami-Dade County, above the $170 million paid for a home on nearby Indian Creek Island in March. The asking price is not a sale price, and the compound’s previous listings were lower.