NOT LISTED FOR SALE

Estimated Value: $6,898,000 - $18,635,347

4 Beds
5 Baths
5,274 Sq Ft
$2,421/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $19,500,000 $3,697 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $99,505/month

Highlights

  • Private Dock
  • Property Fronts a Bay or Harbor
  • Gated Community
  • North Beach Elementary School Rated A-
  • In Ground Pool
  • 2-minute walk to La Gorce Park

About This Home

As of March 2024

Live in one of the most coveted islands in Miami Beach, La Gorce Island. This private, guard-gated La Gorce island 5,274 square foot estate on a 20,300 square foot waterfront lot with 100’ on the water offers breathtaking open water, Downtown Miami skyline and sunset views. Expansive water frontage offers ample yacht dockage and direct access into Biscayne Bay. Located in close proximity to the beach, world-class restaurants & all that Miami Beach has to offer.

Last Agent to Rent the Property

Daniel Hertzberg

Coldwell Banker Realty License #3212309 Listed on: 12/08/2023

Coldwell Banker Realty

Last Renter's Agent

Daniel Hechtkopf

Compass Florida, LLC. License #3219410

Compass Florida, LLC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $297,727

Year Built

  • Built in 1937

Lot Details

  • 0.47 Acre Lot
  • 100 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • North Facing Home
  • Property is zoned 2100

Parking

  • 3 Car Garage
  • Converted Garage
  • Circular Driveway
  • Open Parking

Property Views

  • Bay
  • Pool

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,274 Sq Ft Home
  • Built-In Features
  • Vaulted Ceiling
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Cooking Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Maid or Guest Quarters
  • 5 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Private Dock
  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 12/8/23
  • Assessor Parcel Number 02-32-10-003-0060

Community Details

Overview

  • No Home Owners Association
  • La Gorce Island Subdivision
  • Maintained Community

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$297,727

Year Built

Built in 1937

Lot Details

0

Parking

3

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2023-12-08

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1937
  • Property Sub Type: Single Family Residence
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock
  • New Construction: No
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: LA GORCE ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Cooking Island, Entrance Foyer, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Family Room, Garage Converted, Maid/In-Law Quarters, Other, Storage, Utility Room/Laundry
  • Full Bathrooms: 5
  • Total Bedrooms: 4
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 5274
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Ground Level
  • Dining Room Features: Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Garage Converted, Maid/In-Law Quarters, Other, Storage Room, Utility Room/Laundry

Exterior Features

  • Roof: Other
  • View: Bay, Pool
  • Exterior Features: Lighting, Open Balcony, Other
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Balcony
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: LA GORCE ISLAND
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Circular Driveway

Utilities

  • 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: No
  • Community Features: Gated Community, Maintained Community

Lot Info

  • Parcel Number: 02-32-10-003-0060
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 20300
  • Zoning: 2100
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2022
Closed on
Oct 2, 2023
Sold by
Audrey Bernstein Qualified Personal Resi
Bought by
La Gorce Cir Developments Llc
Seller's Agent
Jill Hertzberg
Coldwell Banker Realty
Buyer's Agent
Daniel Hertzberg
Coldwell Banker Realty
List Price
$25,000,000
Sold Price
$19,500,000
Premium/Discount to List
-$5,500,000
-22%
Views
173
Current Estimated Value
$13,708,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,791,504
Avg. Annual Appreciation
-20.56%
Original Mortgage
$12,675,000
Outstanding Balance
$5,252,165
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$7,514,509

Purchase Details

Closed on
Oct 29, 2021
Sold by
Bernstein Audrey
Bought by
Audrey Bernstein Qualified Personal Residence and Bernstein
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Rented $18,000 -9.5% --
02/21/2024 02/21/24 Under Contract -- -- --
02/13/2024 02/13/24 Price Changed $19,900 -31.4% $4 / Sq Ft
01/30/2024 01/30/24 Price Changed $29,000 -19.4% $5 / Sq Ft
12/23/2023 12/23/23 Price Changed $36,000 -10.0% $7 / Sq Ft
12/08/2023 12/08/23 For Rent $40,000 0.0% --
10/05/2023 10/05/23 Sold $19,500,000 -15.0% $3,697 / Sq Ft
06/06/2023 06/06/23 Pending -- -- --
04/08/2023 04/08/23 Price Changed $22,950,000 -8.2% $4,352 / Sq Ft
11/17/2022 11/17/22 For Sale $25,000,000 -- $4,740 / 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 $297,727 $16,904,530 $15,732,500 $1,172,030
2024 $222,436 $15,843,866 $14,819,000 $1,024,866
2023 $222,436 $11,771,180 $10,961,485 $809,695
2022 $32,252 $1,757,759 $0 $0
2021 $32,160 $1,706,563 $0 $0
2020 $31,792 $1,683,001 $0 $0
2019 $31,091 $1,645,163 $0 $0
2018 $29,587 $1,614,488 $0 $0
2017 $29,335 $1,581,282 $0 $0
2016 $29,296 $1,548,759 $0 $0
2015 $29,671 $1,537,994 $0 $0
2014 $30,183 $1,525,788 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11498252

MIAMI REALTORS® MLS

APN: 02-3210-003-0060