NOT LISTED FOR SALE

Estimated Value: $6,793,000 - $15,001,750

1.29 Acres
$7,980,070 Price per Acre
56,280 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $9,000,000 $169 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $72,478/month

957 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Gated Community
  • Sunset Elementary School Rated A
  • Property Fronts a Bay or Harbor
  • Landscaped with Trees

About This Lot

As of May 2021

Waterfront lot in the quiet and prestigious community of Gables Estates. Membership to Gables Estates Club, Inc. is a pre-requisite. Gables Estate Club charges a non-refundable application fee of $100,000.00 ($105,000.00 if applicant is a foreigner) and an annual maintenance fee.

Last Agent to Sell the Property

Katrina Garcia

Game Properties, Inc. License #3136300 Listed on: 08/01/2018

Last Buyer's Agent

Salesperson Non Member

Non-MLS Member License #SEF

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $106,120

Lot Details

  • 1.29 Acre Lot
  • 452 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • Dirt Road
  • North Facing Home
  • Landscaped with Trees
  • Additional Parcels
  • Property is zoned R-16

Property Views

  • Bay Views

Listing and Financial Details

  • Assessor Parcel Number 03-51-05-002-0540

Community Details

Overview

  • Gables Estates 03 Condos
  • Gables Estates 03,Gables Estates Subdivision
  • Mandatory Home Owners Association

Security

  • Gated Community

Recreation

  • Property has ocean access
  • No Fixed Bridges
  • Private Dock

Property Details

Property Type

Land

Est. Annual Taxes

$106,120

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Road Frontage Type: Bay
  • Horses: No
  • Inclusions: Private Dock
  • Lot Size Acres: 1.292
  • New Construction: No
  • Road Frontage Type: City/County Maintained
  • Road Surface Type: Paved
  • Structure Type: Residential
  • Subdivision Name: Gables Estates 03,Gables Estates
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • View: Bay View, Other Water View
  • Direction Faces: North
  • Lot Features: Dirt, Rock Land, 1 To Less Than 2 Acre Lot, Compact Soil, No Misc/Improvements, Street Lights
  • Other Structures: None
  • Pool Private: No
  • View: Yes
  • Waterfront Features: No Fixed Bridges, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Gables Estates 03

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Utilities: Electricity Available, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No
  • Community Features: Buyer Approval Required, Gated Community, Mandatory Hoa

Lot Info

  • Parcel Number: 03-51-05-002-0540
  • Additional Parcels: Yes
  • Current Use: Residential, Other Usage
  • Development Status: Recorded Plat
  • Lot Size Sq Ft: 56265
  • Zoning: R-16
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 106120

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2018
Closed on
May 26, 2021
Sold by
Garcia Firpo
Bought by
100 Arvida Llc
Seller's Agent
Katrina Garcia
Game Properties, Inc.
Buyer's Agent
Salesperson Non Member
Non-MLS Member
List Price
$9,490,000
Sold Price
$9,000,000
Premium/Discount to List
-$490,000
-5.16%
Current Estimated Value
$10,310,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,310,250
Avg. Annual Appreciation
3.46%
Original Mortgage
$5,400,000
Outstanding Balance
$4,910,272
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$5,487,773
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
100 Arvida Llc $9,000,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 100 Arvida Llc $5,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $9,000,000 +7.1% $169 / Sq Ft
11/09/2020 11/09/20 Price Changed $8,400,000 -5.6% $158 / Sq Ft
11/28/2018 11/28/18 Price Changed $8,900,000 -6.2% $167 / Sq Ft
08/01/2018 08/01/18 For Sale $9,490,000 -- $179 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

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 $195,596 $9,814,249 -- --
2024 $175,660 $8,922,045 -- --
2023 $175,660 $8,110,950 $0 $0
2022 $134,913 $7,373,591 $7,373,591 $0
2021 $115,490 $6,138,016 $6,138,016 $0
2020 $110,543 $5,859,016 $5,859,016 $0
2019 $117,506 $6,640,218 $6,640,218 $0
2018 $108,242 $6,640,218 $6,640,218 $0
2017 $104,091 $4,919,182 $0 $0
2016 $98,951 $4,471,984 $0 $0
2015 $79,109 $4,065,440 $0 $0
2014 $107,139 $5,153,632 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10513641

MIAMI REALTORS® MLS

APN: 03-5105-002-0540