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Rent this Palm Island Mediterranean for $150K a month

$1.8M annually

aerial of a orange roof home on palm island in miami beach
55 Palm Avenue
via Calibre

This enormous Mediterranean mansion on Palm Island is asking $150,000 a month in rent and was last priced at $17.9 million after last changing hands in 2010 for just under $12 million.

The listing states it’s for an annual rental only, which equates to $1.8 million for the year—whoa.

The deep-pocked tenant will get eight bedrooms, 11 bathrooms, and 13,201 square feet of living space, making it one of the largest homes available on Miami Beach.

It also includes an awesome media room with movie theater-style seats next to a bar, in addition to a fantastic open kitchen and a fully-loaded outdoor entertaining area with a summer kitchen, dock, pool, hot tub, trampoline, gazebo and swing set.

Take a video tour from a previous listing below.