NOT LISTED FOR SALE

120 W Rivo Alto Dr Miami Beach, FL 33139

Venetian Islands Neighborhood

Estimated Value: $7,796,000 - $13,832,927

5 Beds
6 Baths
5,167 Sq Ft
$2,093/Sq Ft Est. Value

Last Sold December 12, 2019

Last sale price $11,550,000 $2,235 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $76,419/month

245 Days on Market

Highlights

  • Ocean Front
  • Dock Available
  • In Ground Pool
  • North Beach Elementary School Rated A-
  • Newly Remodeled
  • Maid or Guest Quarters

About This Home

As of December 2019

Rene Gonzalez architectural masterpiece completed January 2019 on the Venetian Islands with dramatic westerly sunset views. Stunning tropical modern five bed, five 1/2 bath home with tranquil open bay views of Biscayne Bay. Book match marble flooring throughout ground floor living areas, custom Carrera stone in bathrooms, open plan family and dining, artistic stairway to second floor with custom oak flooring, Fleetwood telescopic doors provide indoor/outdoor lifestyle. Spacious rear yard with poolside BBQ, scenic roof top deck, and double car garage with high ceilings for two additional cars on lifts. Short walking distance to Sunset Harbor retail and restaurants.

Last Agent to Sell the Property

Julian Johnston

The Corcoran Group License #3041178 Listed on: 03/13/2019

The Corcoran Group

Last Buyer's Agent

Silke Dietrich

One Sotheby's International Re License #3326336

One Sotheby's International Re

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $56,704

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 60x183
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Property is zoned 0800

Parking

  • 2 Car Attached Garage
  • Driveway
  • Open Parking

Property Views

  • Ocean
  • Bay

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,167 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Built-In Features
  • Family Room
  • Den

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Maid or Guest Quarters
  • 6 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Dock Available
  • Deck
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Rivo Alto Amd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-001-0110

Home Details

Home Type

Single Family

Est. Annual Taxes

$56,704

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2018
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Dock Available
  • Lot Size: 60x183
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: RIVO ALTO AMD
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Walk-In Closet(s), Den/Library/Office, Family Room, Maid/In-Law Quarters, Utility Room/Laundry
  • Full Bathrooms: 6
  • Total Bedrooms: 5
  • Flooring: Tile, Wood
  • Furnished: Furnished
  • Living Area: 5167
  • Possible Use: Unknown/Withheld
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs
  • Living Room Features: Den/Library/Office, Family Room, Maid/In-Law Quarters, Utility Room/Laundry

Exterior Features

  • Roof: Other
  • View: Bay, Ocean, Water
  • Exterior Features: Barbeque
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Deck
  • Pool Features: In Ground
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: RIVO ALTO AMD
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-33-001-0110
  • Lot Size Sq Ft: 10980
  • Zoning: 0800
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 56704

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2019
Closed on
Dec 9, 2019
Sold by
Arbo Miami Llc
Bought by
Asam Marcus and Asam Mirjam
Seller's Agent
Julian Johnston
The Corcoran Group
Buyer's Agent
Silke Dietrich
One Sotheby's International Re
List Price
$12,900,000
Sold Price
$11,550,000
Premium/Discount to List
-$1,350,000
-10.47%
Current Estimated Value
$10,814,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$735,536
Avg. Annual Appreciation
-1.11%

Purchase Details

Closed on
Oct 7, 2013
Sold by
Wheaton Ralph L and Wheaton Andrea F
Bought by
Arbo Miami Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,016,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 19, 2011
Sold by
Rogoff Paul and Rogoff Arlene
Bought by
Wheaton Ralph L and Wheaton Andrea F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,880,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage
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
Asam Marcus $11,550,000 Attorney
Arbo Miami Llc $3,000,000 Attorney
Wheaton Ralph L $1,925,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arbo Miami Llc $2,016,000
Previous Owner Wheaton Ralph L $1,880,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2019 12/12/19 Sold $11,550,000 -10.5% $2,235 / Sq Ft
11/13/2019 11/13/19 Pending -- -- --
09/03/2019 09/03/19 For Sale $12,900,000 +11.7% $2,497 / Sq Ft
08/05/2019 08/05/19 Off Market $11,550,000 -- --
06/01/2019 06/01/19 Rented $50,000 0.0% --
06/01/2019 06/01/19 For Rent $50,000 0.0% --
03/13/2019 03/13/19 For Sale $12,900,000 -- $2,497 / 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 $237,764 $13,668,045 -- --
2024 $234,326 $12,425,496 -- --
2023 $234,326 $11,295,906 $0 $0
2022 $192,947 $10,269,006 $4,620,000 $5,649,006
2021 $181,002 $9,374,400 $3,675,000 $5,699,400
2020 $172,430 $8,906,714 $3,150,000 $5,756,714
2019 $61,042 $3,150,000 $3,150,000 $0
2018 $59,233 $3,150,000 $3,150,000 $0
2017 $56,704 $2,877,638 $0 $0
2016 $70,093 $2,816,520 $0 $0
2015 $53,431 $2,560,473 $0 $0
2014 $47,293 $2,327,703 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julian Johnston

    Seller's Agent in 2019

    Julian Johnston

    The Corcoran Group

    (305) 332-2346

    22 in this area

    221 Total Sales

    Julian Johnston
    Section Image
  • Silke Dietrich

    Buyer's Agent in 2019

    Silke Dietrich

    One Sotheby's International Re

    (305) 726-0100

    8 Total Sales

    Silke Dietrich
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10638223

MIAMI REALTORS® MLS

APN: 02-3233-001-0110

Florida Miami/Dade County Miami Beach 33139 Venetian Islands

120 W Rivo Alto Dr, Miami Beach, FL

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