Palm Island, Miami Beach

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.Today, Miami Beach is home to an abundance of high-rise condos. But it also has private and luxurious estates, particularly on the several lozenge-shaped, man-made islands in the bay.

 
Palm Island Tour

Palm Island

Among them is Palm Island, where a grand home, made for entertaining, is on the market for $19.7 million. The gated property, at around 1.5 acres, is one of the largest in Miami Beach.

The property of an unidentified media mogul, this 16,000-square-foot estate has 12 bedrooms, 15 full baths and two half baths. It consists of four structures--the main house, a guest house above the garage, staff quarters and an unusual entertaining pavilion that can accommodate up to 400 guests.

The main house has a two-story foyer with a winding staircase accented with hand-forged iron and brass. Floors are made of limestone and crema marfil marble, and there are 12-inch crown moldings throughout. The Moroccan-style doors are 12 feet high, and ceilings rise to 14 feet, accented with crystal chandeliers.

The large living room has a coffered ceiling and six sets of French doors that open out to the swimming pool. The dining room can accommodate 16 guests, and the kitchen is equipped to serve far more, with restaurant-style food storage facilities, a butler's pantry and space for two chefs to work simultaneously.

Upstairs, the master suite encompasses more than 1,500 square feet and includes two Roman-style Jacuzzi tubs, a wet bar and a balcony overlooking the bay and the pool. A second master suite has a large bathroom with sunken Jacuzzi tub.

The entertaining pavilion has a 1,000-square-foot gym, a wet bar and built-in DJ booth. The swimming pool is more than 150 feet long and features a fountain and several fountains. There is dock space for a boat up to 100 feet long, and the property offers views of downtown Miami.

Forbes Fact

One of the most notorious mobsters of the 20th century, Al Capone served more than seven years in prison on tax evasion and Prohibition-laws charges. After his release in 1939, he did not return to his adopted hometown of Chicago. Instead, Capone retreated to the Palm Island estate he had bought more than a decade earlier, living there with his wife until his death in 1947.

This excerpt is credited to Forbes Magazine

Miami real estate and Miami Beach real estate, feature some of the most beautiful islands in Florida. Miami Florida real estate is definitely a "happening thing", and if you drive around , or walk along the streets, you are going to see some amazing luxury Miami real estate