NOT LISTED FOR SALE

Estimated Value: $8,556,000 - $58,635,996

6 Beds
9.5 Baths
12,756 Sq Ft
$2,634/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $25,800,000 $2,023 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $235,890/month

162 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Property Fronts a Bay or Harbor
  • Sunset Elementary School Rated A
  • Boat Lift
  • Newly Remodeled

About This Home

As of October 2016

Enjoy stunning UNOBSTRUCTED BAY VIEWS and DIRECT ACCESS from this classic Mediterranean Estate. Sitting on 2 Acres +/- abutting the actual bay in prestigious Gables Estates. 200' seawall on bay w/ 30' dock & canal protected 200' dock at front. 12' ceiling s & 30' in living room, polished oak and saturnia marble floors, exterior patios outside moldings & trim in natural keystone. Attached 1 BR guest qrts w/ kitchen, mahogony billiard room w/ bar, study, library, 3rd floor hideaway, elevator to 2 & 3 floor.

Last Agent to Sell the Property

Lance Ruffe

Ruffe Realty LLC License #3328318 Listed on: 11/24/2015

Co-Listed By

Ray Betancourt

The Keyes Company License #0642967

The Keyes Company

Last Buyer's Agent

Ray Betancourt

The Keyes Company License #0642967

The Keyes Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $94,935

Year Built

  • Built in 1993 | Newly Remodeled

Lot Details

  • 1.8 Acre Lot
  • 200 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • North Facing Home
  • Property is zoned 10/S FM

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Automatic Garage Door Opener
  • Circular Driveway
  • On-Street Parking
  • Open Parking

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction
  • Piling Construction

Interior Spaces

  • 12,756 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Fireplace
  • Blinds
  • Bay Window
  • Arched Windows
  • Family Room
  • Formal Dining Room
  • Den
  • Bay Views
  • High Impact Door

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Free-Standing Freezer
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom Upstairs
  • Two Primary Bathrooms
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Dual Sinks
  • Roman Tub
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Boat Lift
  • Boat Hoist or Davit
  • Private Dock
  • Balcony
  • Patio
  • Exterior Lighting
  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Satellite Dish

Additional Features

  • Accessible Elevator Installed
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 03-51-05-002-0530

Community Details

Overview

  • Club Membership Required
  • 5 55 41 Gables Ests No 3,Gables Estates Subdivision
  • Maintained Community

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$94,935

Year Built

Built in 1993 | Newly Remodeled

Lot Details

0

HOA Fees

$500 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 1993
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Mediterranean
  • Co List Office Mls Id: KEYE01
  • Co List Office Phone: 305-371-3592
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Boat Hoists/Davits,Private Dock,Unrestricted Salt Water Access
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: 5 55 41 GABLES ESTS NO 3,Gables Estates
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Free-Standing Freezer, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Bar, Built-in Features, Cooking Island, Elevator, Roman Tub, Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Utility Room/Laundry
  • Spa Yn: Yes
  • Full Bathrooms: 9
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: High Impact Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 12756
  • Other Equipment: Satellite Dish, Automatic Garage Door Opener, Elevator
  • Possible Use: Primary
  • Window Features: Arched Windows, Bay Window(s), Blinds
  • Bedroom Features: Sitting Area - Primary Bedroom, Primary Bedroom Upstairs
  • Dining Room Features: Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Utility Room/Laundry
  • Master Bathroom Features: 2 Primary Bathrooms, Whirlpool/Spa, Separate Tub & Shower, Dual Sinks

Exterior Features

  • Roof: Barrel Roof
  • View: Bay
  • Exterior Features: Lighting, Open Balcony
  • Construction Type: CBS Construction, Piling Construction
  • Direction Faces: North
  • Lot Features: 1 To Less Than 2 Acre Lot, East Of US 1
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • Property Condition: Piling Construction, New Construction
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: 5 55 41 GABLES ESTS NO 3
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, On Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: 6000
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated Community, Maintained Community, Public Road
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 03-51-05-002-0530
  • Lot Size Sq Ft: 78259
  • Zoning: 10/S FM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 94935

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2017
Sold by
Spadefish Enterprises Llc
Bought by
Cobia Enterprises Llc
Current Estimated Value
$33,595,998

Purchase Details

Listed on
Nov 24, 2015
Closed on
Oct 31, 2016
Sold by
Ruffe Steven E and Ruffe Linda
Bought by
Spadefish Enterprises Llc
Seller's Agent
Lance Ruffe
Ruffe Realty LLC
Buyer's Agent
Ray Betancourt
The Keyes Company
List Price
$35,000,000
Sold Price
$25,800,000
Premium/Discount to List
-$9,200,000
-26.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.18%
Original Mortgage
$12,500,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Cobia Enterprises Llc -- Attorney
Spadefish Enterprises Llc $25,800,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spadefish Enterprises Llc $9,000,000
Previous Owner Spadefish Enterprises Llc $12,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2016 10/31/16 Sold $25,800,000 -26.3% $2,023 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
11/24/2015 11/24/15 For Sale $35,000,000 -- $2,744 / 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 $628,024 $33,023,807 -- --
2024 $569,029 $30,021,643 -- --
2023 $569,029 $27,292,403 $0 $0
2022 $459,289 $24,811,276 $0 $0
2021 $424,469 $22,555,706 $15,495,282 $7,060,424
2020 $413,809 $21,929,100 $14,790,951 $7,138,149
2019 $416,336 $22,006,719 $14,790,951 $7,215,768
2018 $408,065 $22,084,337 $14,790,951 $7,293,386
2017 $397,205 $21,222,160 $0 $0
2016 $97,721 $5,154,503 $0 $0
2015 $98,892 $5,118,673 $0 $0
2014 $100,240 $5,078,049 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2207979

MIAMI REALTORS® MLS

APN: 03-5105-002-0530