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.

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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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