NOT LISTED FOR SALE

1232 Palermo Ave Coral Gables, FL 33134

Country Club Section Neighborhood

Estimated Value: $2,492,000 - $3,878,000

5 Beds
4 Baths
3,440 Sq Ft
$923/Sq Ft Est. Value

Last Sold August 30, 2021

Last sale price $1,975,000 $574 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $19,606/month

5 Days on Market

Highlights

  • Heated In Ground Pool
  • Two Primary Bathrooms
  • Old Spanish Architecture
  • George W. Carver Elementary School Rated A
  • Wood Flooring
  • Main Floor Primary Bedroom

About This Home

As of August 2021

Exquisite elegance and charm define this renovated old Spanish house sitting on an almost 13,000 SF lot with tons of curb appeal and a beautiful back yard to enjoy Miami's lifestyle!
Split floor plan with 4bedrooms / 3 bathrooms on one side of the house and another second master suite or large family room/guest suite on the other side of the house. All bedrooms have plenty of closet space and extra living spaces, perfect for today’s lifestyle with the rise of the home office. Hardwood floors throughout most of the house, gas stove, fireplace, impact windows with beautiful views onto a stone patio and gorgeous pool area. Kitchen and bathrooms were recently updated. Great location next to the best tennis in Miami, the Biltmore, the Golf course, the Venetian pool and top rated schools.

Last Agent to Sell the Property

Michelle Kauffmann

Miami Portfolio Collection License #3342212 Listed on: 07/14/2021

Miami Portfolio Collection

Co-Listed By

Linda Maria Erice

Miami Portfolio Collection License #3024593

Last Buyer's Agent

Michelle Kauffmann

Miami Portfolio Collection License #3342212 Listed on: 07/14/2021

Miami Portfolio Collection

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,668

Year Built

  • Built in 1924

Lot Details

  • 0.29 Acre Lot
  • South Facing Home
  • Fenced
  • Property is zoned 0100

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Driveway
  • On-Street Parking
  • Open Parking

Property Views

  • Garden
  • Pool

Home Design

  • Old Spanish Architecture
  • Barrel Roof Shape
  • Flat Roof with Façade front
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,440 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Sun or Florida Room

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Two Primary Bathrooms
  • 4 Full Bathrooms
  • Dual Sinks
  • Shower Only

Laundry

  • Laundry in Utility Room
  • Dryer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Outdoor Features

  • Heated In Ground Pool
  • Patio
  • Shed

Schools

  • Carver; G.W. Elementary And Middle School
  • Coral Gables High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Coral Gable Country Club Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-41-18-003-1241

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,668

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1924
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Old Spanish
  • Co List Office Mls Id: KWIL01
  • Co List Office Phone: 786-615-6761
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: CORAL GABLE COUNTRY CLUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Bottled Gas, Dishwasher, Disposal, Dryer, Electric Water Heater, Gas Water Heater, Ice Maker, Microwave, Gas Range, Refrigerator, Self Cleaning Oven
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Entrance Foyer, French Doors, Split Bedroom, Walk-In Closet(s), Den/Library/Office, Family Room, Florida Room, Utility Room/Laundry
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 3440
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Ground Level
  • Dining Room Features: Breakfast Area, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Florida Room, Utility Room/Laundry
  • Master Bathroom Features: 2 Master Bathrooms, Dual Sinks, Shower Only

Exterior Features

  • Roof: Barrel Roof, Flat Roof With Facade Front
  • View: Garden, Pool
  • Exterior Features: Fruit Trees
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Pool Features: In Ground, Heated
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: CORAL GABLE COUNTRY CLUB
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Covered, Driveway, On Street

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Owned Burglar Alarm, Security System Leased, Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Carver; G.W.
  • High School: Coral Gables
  • Middle Or Junior School: Carver; G.W.

Lot Info

  • Parcel Number: 03-41-18-003-1241
  • Lot Size Sq Ft: 12610
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 19668

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Aug 27, 2021
Sold by
Ayad Nagi and Zaki Mona
Bought by
Bezjian Alex and Chambers Britta
Seller's Agent
Michelle Kauffmann
Miami Portfolio Collection
Buyer's Agent
Michelle Kauffmann
Miami Portfolio Collection
List Price
$1,895,000
Sold Price
$1,975,000
Premium/Discount to List
$80,000
4.22%
Current Estimated Value
$3,174,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,199,956
Avg. Annual Appreciation
12.53%
Original Mortgage
$15,800,000
Outstanding Balance
$14,233,628
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
-$11,058,672

Purchase Details

Listed on
Oct 18, 2017
Closed on
Sep 5, 2018
Sold by
Meyer Edward J and Meyer Lorraine H
Bought by
Nagi Ayad and Nagi Mona Zaki
Seller's Agent
Joe Olozaga
Coldwell Banker Realty
Buyer's Agent
Rebeca Castellon
Compass Florida, LLC
List Price
$1,395,000
Sold Price
$1,280,000
Premium/Discount to List
-$115,000
-8.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.61%
Original Mortgage
$151,872
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2007
Sold by
Silber Norman J and Silber Linda Hirsch
Bought by
Meyer Edward J and Meyer Lorraine H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
6.07%
Mortgage Type
Unknown
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
Bezjian Alex $1,975,000 Attorney
Nagi Ayad $1,280,000 None Available
Meyer Edward J $1,250,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bezjian Alex $15,800,000
Previous Owner Ayad Nagi $1,141,500
Previous Owner Nagi Ayad $151,872
Previous Owner Meyer Edward J $999,000
Previous Owner Silber Norman J $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $1,975,000 +4.2% $574 / Sq Ft
07/19/2021 07/19/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $1,895,000 +48.0% $551 / Sq Ft
09/05/2018 09/05/18 Sold $1,280,000 -8.2% $348 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
06/22/2018 06/22/18 For Sale $1,395,000 -6.7% $379 / Sq Ft
01/19/2018 01/19/18 For Sale $1,495,000 +16.8% $407 / Sq Ft
10/23/2017 10/23/17 Off Market $1,280,000 -- --
10/18/2017 10/18/17 For Sale $1,595,000 0.0% $434 / Sq Ft
07/20/2017 07/20/17 Rented $7,000 0.0% --
06/22/2017 06/22/17 For Rent $7,000 -- --
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 $29,293 $1,694,127 -- --
2024 $29,524 $1,646,382 -- --
2023 $29,524 $1,598,430 $0 $0
2022 $27,714 $1,551,874 $830,809 $721,065
2021 $19,890 $1,046,130 $0 $0
2020 $19,668 $1,031,687 $0 $0
2019 $18,379 $1,008,492 $0 $0
2018 $21,190 $1,095,269 $637,557 $457,712
2017 $14,798 $827,691 $0 $0
2016 $14,778 $810,667 $0 $0
2015 $14,952 $805,032 $0 $0
2014 $15,154 $798,643 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michelle Kauffmann

    Seller's Agent in 2021

    Michelle Kauffmann

    Miami Portfolio Collection

    (786) 797-8958

    2 in this area

    47 Total Sales

    Michelle Kauffmann
    Section Image
  • Linda Maria Erice

    Seller Co-Listing Agent in 2021

    Linda Maria Erice

    Miami Portfolio Collection

    (786) 229-7876

    3 in this area

    100 Total Sales

    Linda Maria Erice
    Section Image
  • Joe Olozaga

    Seller's Agent in 2018

    Joe Olozaga

    Coldwell Banker Realty

    7 Total Sales

    Joe Olozaga
    Section Image
  • Rebeca Castellon

    Buyer's Agent in 2018

    Rebeca Castellon

    Compass Florida, LLC

    (305) 600-8493

    1 in this area

    45 Total Sales

    Rebeca Castellon
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11066421

MIAMI REALTORS® MLS

APN: 03-4118-003-1241

Florida Miami/Dade County Coral Gables 33134 Country Club Section

1232 Palermo Ave, Coral Gables, FL

This home is located at 1232 Palermo Ave, Coral Gables, FL 33134 since 14 July 2021 and is currently estimated at $3,174,956, approximately $922 per square foot. This property was built in 1924. 1232 Palermo Ave is a home located in Miami-Dade County with nearby schools including George W. Carver Elementary School, Ponce de Leon Middle School, and Coral Gables Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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