House of the Day: Waterfront Palace in Miami Beach

Florida is no stranger to swanky homes, but this one takes swanky to kingly heights.

This sprawling, 19,000-square-foot home in Miami Beach resembles a palace more than a "home." That is, if typical palaces had waterfront access, an in-house theater and bar, a sunken outdoor pool with poolside cabana and their own private dock.

But wait there's more: The 11-bedroom, 13-bathroom home also boasts a three-story grand living room (that's right, a three-story living room), flanked by towering balconies. Throughout the property, classic wood paneling mixed with luxe marble flooring gives the masterpiece home a subtle mixture of earthy elegance and unabashed opulence.

Think you could see yourself living in this regal abode? Well, dig deep, because listing agent Brett Harris confirms that the house is on sale for an equally kingly $20 million.

Brett Harris has the listing.

Click on the images below to see more homes for sale in Miami Beach, Fla.

See more Houses of the DayonAOL Real Estate.

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