NOT LISTED FOR SALE

Estimated Value: $5,602,000 - $6,524,000

7 Beds
11 Baths
8,706 Sq Ft
$700/Sq Ft Est. Value

Last Sold February 10, 2017

Last sale price $2,785,000 $320 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $36,175/month

690 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • In Ground Pool
  • Pinecrest Elementary School Rated A
  • Home Theater
  • Waterfront

About This Home

As of February 2017

Warm Elegance in Coral Gables! This captivating estate with extraordinary style, architectural splendors & magnificent vegetation on 1.5 acres awaits you. Showcasing an artful blend of fine design & meticulous craftsmanship, the home boasts a 13-seat theater, gym, mahogany impct wndws & drs, mosaic-tiled 60-ft pool w/gazebo & summer kitch. Ipe wood paths lead you through the rain-forest inspired gardens w/waterfalls, koi ponds, native trees & tropical fruit orchard. 3CG. Marina w/ocean access.

Last Agent to Sell the Property

Vivian Serralta

BHHS EWM Realty License #0630620 Listed on: 03/13/2015

BHHS EWM Realty

Co-Listed By

Ana Collongette

Coldwell Banker Realty License #0440079

Last Buyer's Agent

Colin Bowe

Distinguished R.E. ServicesLLC License #3206667

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,804

Year Built

  • Built in 1958

Lot Details

  • 1.48 Acre Lot
  • Waterfront
  • Southwest Facing Home
  • Fenced
  • Property is zoned 10/S FM

HOA Fees

  • $167 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Automatic Garage Door Opener
  • Circular Driveway
  • Open Parking

Property Views

  • Garden
  • Pool

Home Design

  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,706 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Casement Windows
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Storage Room
  • Impact Glass

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Bidet
  • Dual Sinks
  • Shower Only

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Private Dock
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Location

  • East of U.S. Route 1

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 03-51-07-004-0640

Community Details

Overview

  • Club Membership Required
  • Snapper Creek Lakes Sub Subdivision
  • Mandatory home owners association

Recreation

  • Boat Dock
  • Boating

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,804

Year Built

Built in 1958

Lot Details

0

HOA Fees

$167 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1958
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Co List Office Phone: 305-960-2400
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Community Boat Dock,Dock Available,Private Dock
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: SNAPPER CREEK LAKES SUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Bar, Built-in Features, Closet Cabinetry, Entrance Foyer, French Doors, Laundry Tub, Split Bedroom, Den/Library/Office, Family Room, Media Room, Storage, Utility Room/Laundry
  • Full Bathrooms: 9
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Door Features: French Doors
  • Entry Location: Foyer
  • Flooring: Carpet, Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 8706
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Window Features: Casement, Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Formal Dining, Snack Bar/Counter
  • Living Room Features: Den/Library/Office, Family Room, Media Room, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks, Shower Only

Exterior Features

  • Roof: Flat Tile
  • View: Garden, Pool
  • Exterior Features: Barbeque, Fruit Trees, Lighting
  • Construction Type: CBS Construction
  • Direction Faces: Southwest
  • Disclosures: Disclosure
  • Fencing: Fenced
  • Lot Features: 1 To Less Than 2 Acre Lot, East Of US 1
  • Patio And Porch Features: Open Porch
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: SNAPPER CREEK LAKES SUB
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Circular Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub, Utility Room/Laundry

Condo/Co-op/Association

  • Association Fee: 2000
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Boating, Mandatory Hoa
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 03-51-07-004-0640
  • Lot Size Sq Ft: 64469
  • Zoning: 10/S FM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 25804

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2015
Closed on
Feb 10, 2017
Sold by
Betancourt Hector J and Betancourt Monica S
Bought by
Leon Derek E and Zanetti Leon Alina B
Seller's Agent
Vivian Serralta
BHHS EWM Realty
Buyer's Agent
Colin Bowe
Distinguished R.E. ServicesLLC
List Price
$4,875,000
Sold Price
$2,785,000
Premium/Discount to List
-$2,090,000
-42.87%
Current Estimated Value
$6,094,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,309,295
Avg. Annual Appreciation
9.59%
Original Mortgage
$367,500
Interest Rate
4.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 13, 1995
Sold by
Wackenhut Ricahrd R and Wackenhut Molly B
Bought by
Betancourt Hector J and Betancourt Monica S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
7.43%
Source: Public Records

Range of Values:

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Average Value
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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
Leon Derek E $2,785,000 Attorney
Betancourt Hector J $1,537,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leon Derek E $750,000
Open Leon Derek E $2,353,000
Closed Leon Derek E $367,500
Previous Owner Betancourt Hector J $2,250,000
Previous Owner Betancourt Hector J $1,950,000
Previous Owner Betancourt Hector J $127,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2017 02/10/17 Sold $2,785,000 -20.4% $320 / Sq Ft
02/01/2017 02/01/17 Pending -- -- --
10/20/2016 10/20/16 Price Changed $3,500,000 -7.9% $402 / Sq Ft
03/30/2016 03/30/16 Price Changed $3,800,000 -9.5% $436 / Sq Ft
12/11/2015 12/11/15 Price Changed $4,200,000 -8.7% $482 / Sq Ft
09/28/2015 09/28/15 Price Changed $4,600,000 -5.6% $528 / Sq Ft
03/13/2015 03/13/15 For Sale $4,875,000 -- $560 / 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 $34,393 $1,949,817 -- --
2024 $33,002 $1,894,866 -- --
2023 $33,002 $1,839,676 $0 $0
2022 $32,902 $1,786,094 $0 $0
2021 $31,932 $1,734,072 $0 $0
2020 $31,570 $1,710,131 $0 $0
2019 $30,923 $1,671,683 $0 $0
2018 $44,951 $2,381,394 $2,143,594 $237,800
2017 $26,064 $1,382,817 $0 $0
2016 $25,160 $1,354,376 $0 $0
2015 $25,459 $1,344,962 $0 $0
2014 $25,804 $1,334,288 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2086316

MIAMI REALTORS® MLS

APN: 03-5107-004-0640