Miami Beach compound asks a record $185.5M after listing for $150M in 2024
In most real estate markets, a mansion that can’t find a buyer gets a price cut.But on Miami Beach’s billionaire playground, apparently the answer is to ask for another $35.5 million.
A three-property waterfront compound on exclusive Palm Island is back on the market for a breathtaking $185.5 million — nearly 24% more than its original $150 million asking price in 2023 — according to a release from its reps.That price could smash a sales record for Miami Beach.Mansion Global first reported news of the listing.And this time, the sellers are throwing in a whole new vision: plans to bulldoze the existing mansions and replace them with a 30,000-square-foot tropical paradise complete with a car museum, a private hair salon and enough spa amenities to rival a five-star resort.If the compound fetches its full $185.5 million asking price, it would set a new Miami-Dade County residential sales record, surpassing the $170 million that Mark Zuckerberg and Priscilla Chan paid for an unfinished mansion on nearby Indian Creek Island in March.The property has already had quite the pricing roller coaster.The three neighboring estates first hit the market together for $150 million in 2023, making it the island’s priciest offering at the time.
After failing to land a buyer, the compound returned at the same $150 million price in January 2025.By July, the asking price had been trimmed to $148.5 million — a relatively modest $1.5 million discount on a nine-figure property.But instead of continuing to slash the price, the sellers have now gone in the opposite direction, unveiling an ambitious architectural concept and tacking another $37 million onto the most recent confirmed asking price for the full assemblage.The latest $185.5 million offering represents the property’s highest publicly advertised asking price yet.Located at 190, 198 and 210 Palm Ave., the more than 2-acre spread boasts approximately 300 feet of waterfront along Biscayne Bay and sweeping views of the ...