198 PALM AVE, Miami Beach, FL 33139

198 PALM AVE, Miami Beach, FL 33139 is a 6-bedroom, 8.5-bathroom residential - single family : 1 unit built in 2016 with 11,650 square feet of living space on a 30,000 square foot lot. The property is currently owned by 198 PALM AVE LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2022-02-15 for $100, when JLG FAMILY HOLDINGS LLC sold to 198 PALM AVE LLC. The property sold for $16,999,900 less than the prior sale of $17,000,000 on 2021-10-27. There are 3 recorded sales for this property.

The 2025 assessed value is $17,484,500 with a market value of $23,212,300. This breaks down to $18,000,000 for the land and $5,212,300 for the building. The assessed value increased 10% from $15,895,000 in 2024.

This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $189,605, and the median home value is $1,453,400.

The population density is 3,945 people per square mile. 198 PALM AVE, Miami Beach, FL 33139 is located in Miami Beach, Florida. Property records, tax assessments, sales history, and ownership information for this Miami Beach property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2010 to 2022, with 3 recorded transactions in the public record..