8 months on rocket

20551 SW 162nd Ave, Miami, FL, 33187

$16,900,000

10 Bedrooms
10 Full Baths, 1 Partial
27,808 SqFt
$608/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Covered, Electric Vehicle Charging Station(s), Garage, Guest, Garage Door Opener
Attached Garage8 spaces
Year BuiltNew Const., 2022
HeatingCentral, Electric
CoolingCentral Air, Electric, Zoned
WaterfrontLake Front, Lagoon
ViewLake, Pool
MLS #A11555910
StatusActive

About 20551 SW 162nd Ave

Welcome to "The Palace," an extraordinary estate nestled in Redland, sprawling over 18 acres that encapsulate a blend of luxury, privacy, and nature. This magnificent compound is a marvel of architecture and design, featuring an expansive 33,067 Sq Ft residence with 10 bedrooms and 11 bathrooms, tailored for sophisticated living and unparalleled entertaining. The estate’s outdoor charm is highlighted by a state-of-the-art L-shaped pool with waterfalls, a jacuzzi, a cold plunge, and an outdoor kitchen and extensive entertaining area. The property also features a private lake for cliff jumping, surrounded by tropical gardens and a diverse collection of exotic fruit trees, offering a serene retreat from the outside world.

Property Details

Property Features

Property Information:

  • Architectural Style: Mediterranean, Two Story
  • Year Built: 2022
  • Stories: 2
  • Living Area: 27,808 SqFt

Listing Office:

  • Office Name: Compass Florida, LLC.
  • Office Phone: (305) 851-2820
  • Listing Agent: Nils Jucaud

Interior Features

Interior Information:

  • Appliances: Oven, Electric Range, Gas Range, Refrigerator, Water Softener, Water Purifier, Washer
  • Flooring Type: Marble, Wood
  • Interior: Built-in Features, Bedroom on Main Level, High Ceilings, Kitchen Island, Sitting Area in Primary, Skylights, Upper Level Primary, Bar, Walk-In Closet(s), Air Filtration, Atrium, Elevator

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 10
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Waterfront: Lake Front, Lagoon
  • View: Lake, Pool
  • Exterior: Barbecue, Fruit Trees, Lighting, Outdoor Grill, Outdoor Shower, Tennis Court(s)

Parking Information:

  • Garage Space: 8 spaces
  • Attached Garage: Yes
  • Parking: Attached, Covered, Electric Vehicle Charging Station(s), Garage, Guest, Garage Door Opener

Virtual/3D Tour

  • Virtual Tour: 20551 SW 162nd Ave
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric, Zoned

Other

Directions Information:

  • Directions: Follow GPS directions.

Price Information

Listing Price Info

Price Summary:

  • List Price: $16,900,000
  • Price Per SqFt: $608/SqFt

Tax Information:

  • Annual Amount: $5,455
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

20551 SW 162nd Ave vs Miami

242 DAYS ON ROCKET

+182 Days

$16,900,000

+$16.3M More

$608/SqFt

+$218 More

KEY TAKEAWAY

This property is $16.3M more than the Median Sold Price and $218/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11555910

Listing Office:

  • Office Name: Compass Florida, LLC.
  • Office Phone: (305) 851-2820
  • Listing Agent: Nils Jucaud

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 12:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,455$312,289
2018$4,845$280,638

History based on county public records data.

Payment Calculator

$84.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$50.7K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-881963
5
/10
  • Redland Elementary School

  • 24501 SW 162nd Ave

  • 2.66 miles

  • Public District Grades PK-5

school-card-donut-881964
10
/10
  • Somerset Academy Charter

  • 18491 SW 134th Ave

  • 2.98 miles

  • Public Charter Grades KG-5

school-card-donut-881965
9
/10
  • Norma Butler Bossard Elementary School

  • 15950 SW 144th St

  • 3.74 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,382. The most common annual income of people living in Miami, FL is between $35k-100k. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 20551 SW 162nd Ave

What is the listing price of this property?

The listing price of 20551 SW 162nd Ave property is $16,900,000.

What type of property is this?

The property 20551 SW 162nd Ave is a house located in Miami, Florida, 33187.

Is this property for sale now?

Active Listing: 20551 SW 162nd Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,455 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 20551 SW 162nd Ave has 10 bedrooms and 10 full and 1 half bathrooms.

What is the square footage of this property?

The property 20551 SW 162nd Ave is 27,808 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 20551 SW 162nd Ave is 2022.
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Rocket HomesFloridaMiami-Dade CountyMiami3318720551 SW 162nd Ave

This home is located at 20551 SW 162nd Ave in Miami, FL and zip code 33187 in the West Quail Roost neighborhood. This 27,808 square foot home was built in 2022. Features: 10 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $16,900,000.

In October 2024 more than 62 listings in Miami, FL were sold above the asking price. During the same period more than 129 listings were sold at asking price, while more than 507 were sold below. The number of listings in Miami, FL increased by 8.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 60 days, the median list price was $560,436.

From Rocket Homes Real Estate and based on county public records data.

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