Spectacular grand palazzo on an estate-sized lot in a prime waterfront location! This is the best value on Miami Beach for an estate of this quality and size: 39,000 SF of land & 11,878 SF of interior space (home was expanded and renovated in the mid 2000's). A true Mediterranean masterpiece with grand entertaining and living spaces, loggias, fountains, expansive terraces, resort style pool with summer kitchen, and outstanding manicured gardens. Private guest house, staff housing, and office. Excellent dockage for a large yacht and boat lifts for an additional vessel and jet skis. All this and impressive waterway views of the iconic Fontainebleau Hotel and other architectural masterpieces make this the quintessential Miami Beach estate.