NOT LISTED FOR SALE

Estimated Value: $3,310,000 - $7,636,040

6 Beds
9 Baths
10,099 Sq Ft
$599/Sq Ft Est. Value

Last Sold January 13, 2022

Last sale price $9,800,000 $970 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $44,782/month

67 Days on Market

Highlights

  • 618 Feet of Waterfront
  • Horses Allowed in Community
  • Home Theater
  • Sunrise Park Elementary School Rated A-
  • Gated with Attendant
  • New Construction

About This Home

As of January 2022

Mi Tierra Delray Beach is an impeccable new contemporary estate offering rich organic design set on nearly 3 acres of idyllic lakefront property. This custom multidimensional compound is situated behind private gates of Tierra Del Rey, an exclusive and sought-after community in Palm Beach County. The waterfront estate consists of three distinct structures offering the utmost in privacy and modern family lifestyle. It encompasses 10,099 square feet of living space and 12,973 square feet in total. The property features finest materials, craftsmanship and sophisticated organic design and neutral hues.

Last Agent to Sell the Property

Senada Adzem

Douglas Elliman License #3186942 Listed on: 10/05/2021

Douglas Elliman

Last Buyer's Agent

Roberto Durand

United Realty Group, Inc License #3384572

United Realty Group, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,880

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 2.88 Acre Lot
  • Lot Dimensions are 400x350x334x318
  • 618 Feet of Waterfront
  • Lake Front
  • Fenced
  • Fruit Trees
  • Property is zoned RE

HOA Fees

  • $313 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Circular Driveway

Property Views

  • Lake
  • Garden

Home Design

  • Metal Roof

Interior Spaces

  • 10,099 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Furnished or left unfurnished upon request
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Recreation Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Heated Pool
  • Pool Equipment or Cover

Outdoor Features

  • Patio

Schools

  • Olympic Heights High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00414624010000220

Community Details

Overview

  • Association fees include management, security
  • Tierra Del Rey Subdivision, Custom Home Floorplan

Recreation

  • Horses Allowed in Community
  • Trails

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,880

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$313 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Take West Atlantic Avenue, to US-441. Head South to Turn into El Paraiso Place. Once passed the gated security check point, take a left onto El Caballo Ct.
  • Year Built: 2020
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Wet Bar, Breakfast Area, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Eat-in Kitchen, Fireplace, Pantry, Separate Shower, Walk-In Closet(s)
  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Flooring: Hardwood, Wood
  • Living Area: 10099.0
  • Dining Room Type: Den, Family Room, Great Room, Media Room, Recreation
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Fence, Fruit Trees, Patio
  • View: Garden, Lake
  • Road Frontage Type: Waterfront
  • Pool Features: Heated, Pool Equipment, Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Roof: Metal
  • FrontageLengthRemarks: 618

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Driveway, Garage

Utilities

  • Security: Security System, Gated with Guard, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 313.0
  • Community Features: Gated, Street Lights
  • Senior Community: No
  • Amenities: Trail(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association Management, Security

Schools

  • High School: Olympic Heights

Lot Info

  • Parcel #: 00414624010000220
  • Horse Amenities: Horses Allowed
  • Lot Size: 400x350x334x318
  • Lot Size Sq Ft: 125453.0
  • Zoning Description: RE
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 40880.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2021
Closed on
Jan 12, 2022
Sold by
Creamer and Danica
Bought by
16161 Land Trust
Seller's Agent
Senada Adzem
Douglas Elliman
Buyer's Agent
Roberto Durand
United Realty Group, Inc
List Price
$10,000,000
Sold Price
$9,800,000
Premium/Discount to List
-$200,000
-2%
Current Estimated Value
$6,048,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,751,987
Avg. Annual Appreciation
-8.21%
Original Mortgage
$5,868,750
Interest Rate
2.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2019
Sold by
Market Bosworth Llc
Bought by
Creamer Joseph and Creamer Danica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,039,550
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 2019
Sold by
Creamer Joseph and Creamer Danica
Bought by
Market Bosworth Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 15, 2018
Closed on
Oct 25, 2018
Sold by
Picow Georgan
Bought by
Creamer Joseph
Seller's Agent
Alex Platt
Compass Florida LLC
Buyer's Agent
Eli Freidus
ZFC Real Estate LLC
List Price
$575,000
Sold Price
$570,000
Premium/Discount to List
-$5,000
-0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.01%

Purchase Details

Closed on
Mar 3, 2006
Sold by
Picow Robert
Bought by
Picow Georgann

Purchase Details

Closed on
May 21, 1999
Sold by
Reger Raia Ltd
Bought by
Picow Georgann

Purchase Details

Closed on
Oct 30, 1998
Sold by
Joseph and Maguire Jeannine Maguire
Bought by
Reger Raia Ltd

Purchase Details

Closed on
Mar 4, 1998
Sold by
East Coast Estate Dev Corp
Bought by
Maguire Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
6.95%
Mortgage Type
Commercial
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
16161 Land Trust $9,800,000 Alhadeff & Sitterson Pa
Creamer Joseph -- Attorney
Market Bosworth Llc -- Os National Llc
Creamer Joseph $570,000 Independence Title Insurance
Picow Georgann -- Attorney
Picow Georgann $475,000 --
Reger Raia Ltd $278,300 --
Maguire Joseph E $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 16161 Land Trust $5,868,750
Previous Owner Market Bosworth Llc $2,000,000
Previous Owner Maguire Joseph E $211,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2022 01/13/22 Sold $9,800,000 -2.0% $970 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $10,000,000 +1654.4% $990 / Sq Ft
10/25/2018 10/25/18 Sold $570,000 -0.9% $56 / Sq Ft
09/25/2018 09/25/18 Pending -- -- --
08/15/2018 08/15/18 For Sale $575,000 -- $57 / Sq Ft
Source: BeachesMLS

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
2024 $148,853 $9,152,213 -- --
2023 $146,397 $8,923,861 $972,000 $7,951,861
2022 $40,838 $2,434,373 $0 $0
2021 $40,856 $2,363,469 $0 $0
2020 $7,725 $432,000 $432,000 $0
2019 $7,691 $424,800 $424,800 $0
2018 $7,378 $360,000 $360,000 $0
2017 $7,478 $360,000 $360,000 $0
2016 $1,536 $20,160 $0 $0
2015 $1,544 $20,160 $0 $0
2014 $1,548 $20,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10750559

BeachesMLS

APN: 00-41-46-24-01-000-0220