Seller's Agent in 2021
Lisa Blake
Villazzo, LLC.
(786) 281-7697
2 in this area
31 Total Sales
Estimated Value: $7,258,000 - $27,235,738
8
Beds
8
Baths
9,893
Sq Ft
$1,743/Sq Ft
Est. Value
Highlights
- Ocean View
- Property has ocean access
- Guest House
- South Pointe Elementary School Rated A-
- Private Dock
- 5-minute walk to Central Park
About This Home
As of December 2021The property sits on a huge double pie-shaped lot with bay views & views of Star Island. A private playground with endless amenities. From the temperature controlled wine cellar, to the rooftop & groundfloor jacuzzis. As you enter, you’re greeted by its 35-FT foyer with its interior courtyard & inside, you’ll find a fully equipped gym, a cinema, along with Crestron smart operating systems. Step out to the tropical oasis with a resort style 120-FT long pool, Jacuzzi, a volleyball court, a fire pit, a waterfall slide, cabana bath, pool built-in bar stools, BBQ and an outdoor dining area with a custom built retractable awning that encloses the entire space. This property offers a rare dock capable of accommodating large yachts.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $210,676
Year Built
- Built in 2003 | Newly Remodeled
Lot Details
- 0.81 Acre Lot
- 230 Ft Wide Lot
- Property Fronts a Bay or Harbor
- Southeast Facing Home
- Property is zoned 22/EST 2
Parking
- 3 Car Garage
- 10 Attached Carport Spaces
- Circular Driveway
- Open Parking
Property Views
- Ocean
- Bay
Home Design
- Mediterranean Architecture
- Shingle Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 9,893 Sq Ft Home
- Built-In Features
- Vaulted Ceiling
- Awning
- Blinds
- Arched Windows
- Entrance Foyer
- Great Room
- Family Room
- Formal Dining Room
- Den
- Atrium Room
- Storage Room
- Fire and Smoke Detector
Kitchen
- Breakfast Area or Nook
- Microwave
- Dishwasher
- Cooking Island
- Snack Bar or Counter
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 8 Bedrooms
- Sitting Area In Primary Bedroom
- Primary Bedroom Upstairs
- Closet Cabinetry
- Walk-In Closet
- Maid or Guest Quarters
- In-Law or Guest Suite
- Bidet
- Dual Sinks
- Jettted Tub and Separate Shower in Primary Bathroom
Laundry
- Dryer
- Washer
Accessible Home Design
- Accessible Hallway
- Accessible Doors
Outdoor Features
- Heated In Ground Pool
- Property has ocean access
- Private Dock
- Balcony
- Deck
- Patio
- Outdoor Grill
Additional Homes
- Guest House
- 2 Bedroom Guest House
- One Bathroom Guest House
- Guest House Includes Living Room
- Guest House Includes Patio
- Guest House Includes Kitchen
Schools
- South Pointe Elementary School
- Nautilus Middle School
- Miami Beach High School
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-42-05-001-0231
Community Details
Overview
- Property has a Home Owners Association
- Palm Island Subdivision
Recreation
- Tennis Courts
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 1, 2021
Closed on
Dec 15, 2021
Sold by
Jago Tech Investments Llc
Bought by
Markert Family 2010 Irrevocable Trust
Seller's Agent
Lisa Blake
Villazzo, LLC.
Buyer's Agent
Julian Cohen
Douglas Elliman
List Price
$26,500,000
Sold Price
$24,500,000
Premium/Discount to List
-$2,000,000
-7.55%
Total Days on Market
74
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,253,131
Avg. Annual Appreciation
-5.55%
Original Mortgage
$17,150,000
Interest Rate
2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 1, 1999
Sold by
Mitri Raymond
Bought by
Jago Tech Investments Llc
Purchase Details
Closed on
Oct 24, 1996
Sold by
Pou Celio F and Pou Maria Elena
Bought by
Mitri Raymond and Natalie Mitri Michele Z
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
8.28%
Mortgage Type
Balloon
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Markert Family 2010 Irrevocable Trust | $24,500,000 | Clear Title Group | |
| Jago Tech Investments Llc | $2,250,000 | -- | |
| Mitri Raymond | $1,700,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Markert Family 2010 Irrevocabl | $17,150,000 | |
| Previous Owner | 10 Palm Llc | $2,000,000 | |
| Previous Owner | Mitri Raymond | $1,190,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2021 12/15/21 | Sold | $24,500,000 | -7.5% | $2,476 / Sq Ft |
| 09/13/2021 09/13/21 | Pending | -- | -- | -- |
| 07/01/2021 07/01/21 | For Sale | $26,500,000 | -- | $2,679 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $445,495 | $28,892,807 | $21,208,800 | $7,684,007 |
| 2024 | $394,710 | $22,520,778 | -- | -- |
| 2023 | $394,710 | $20,733,023 | $12,371,800 | $8,361,223 |
| 2022 | $361,031 | $19,059,066 | $10,604,400 | $8,454,666 |
| 2021 | $212,508 | $11,517,388 | $8,130,040 | $3,387,348 |
| 2020 | $226,163 | $11,558,678 | $8,130,040 | $3,428,638 |
| 2019 | $227,181 | $11,599,967 | $8,130,040 | $3,469,927 |
| 2018 | $221,205 | $11,641,257 | $8,130,040 | $3,511,217 |
| 2017 | $225,082 | $11,682,547 | $0 | $0 |
| 2016 | $220,875 | $10,989,849 | $0 | $0 |
| 2015 | $205,846 | $10,098,403 | $0 | $0 |
| 2014 | $189,481 | $9,180,367 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Blake
-
Julian Cohen
J
Buyer's Agent in 2021
Julian Cohen
Douglas Elliman
(305) 775-3953
2 in this area
46 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11064763
APN: 02-4205-001-0231
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