An exotic Mediterranean Revival mansion located at 16 Palm Avenue is now listed for $24.995 million. According to Miami Curbed, the property which was formerly owned by a Saudi prince was previously available for rent for $150,000 a month.
The current seller, Thomas Sullivan is the founder of Lumber Liquidators and Cabinets to Go. He purchased the home in 2008 for $11 million from a corporation which was represented by Saudi Prince Mohammed Bin Faisal Bin Turki Bin Abdulaziz. It was said that Sullivan has decided to sell the property which became his primary residence in the past few years because he is planning to renovate another property in the Miami Beach area.
Originally built in 1930, the Wall Street Journal reported that the current seller doubled its price by adding major renovations in the property. The 9,300-square-foot estate has six bedrooms and six full bathrooms. It features hand-carved Italian limestone fountains and a dark blue mosaic-tiled pool. The 0.8-acre property also includes a 225-foot waterfront area and a pool area which overlooks the Biscayne Bay. The property also has a detached guest house, a mini golf area and a bocce court. Inside, there is also a full bar, home movie theater and a game room.
Listing details also reveal that the home features vaulted ceilings and Italian Travertino Floors. The interior is also a mix of Mediterranean Architecture and modern design with its woven mahogany doors and windows and also luxurious living room wall. The modern kitchen is also equipped with modern appliances and large eat-in island. The master bedroom has its own fireplace and sitting area. Other rooms inside the residence include a fully equipped gym, office and playroom with a bar. The exterior offers stunning views of the Miami skyline and bay area. It also has three tennis courts, a basketball court and a kid's playground.
