NOT LISTED FOR SALE

1238 Malaga Ave Coral Gables, FL 33134

Country Club Section Neighborhood

Estimated Value: $5,255,000 - $7,568,485

0.33 Acre
$19,347,265 Price per Acre
14,274 Sq Ft Lot

Last Sold August 04, 2020

Last sale price $940,000 $66 Per Sq Ft

Est. 574% increase in value since last sale

Current estimated payment $39,702/month

134 Days on Market

Highlights

  • No HOA
  • George W. Carver Elementary School Rated A
  • Landscaped with Trees

About This Lot

As of August 2020

Price reduction - priced to sell! Spectacular location - across from world renowned Biltmore Hotel, 5 platted lots of residential land. Available for end user or bulk purchase for developer. Ranging from 10,300 SF - 16,000 SF. Total of 62, 447 SF for all 5 lots. *note - zoned for single family residence. Underground utilities & sewer already in place and ready for connection. Centrally located minutes away from newly designed dining and shopping destination-Miracle Mile and literally steps away from the Biltmore Hotel and all it's amenities including fitness center, spa, tennis center and more. *This listing for one lot at 1238 Malaga - 13,026 Sf as per attached survey.

Last Agent to Sell the Property

Samantha Lucas

Samantha Lucas Real Est. Brk. License #3118045 Listed on: 01/16/2020

Last Buyer's Agent

Tony Rodriguez Tellaheche

Prestige Realty Group, LLC License #3233593

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,631

Lot Details

  • 0.33 Acre Lot
  • East Facing Home
  • Landscaped with Trees
  • Property is zoned 0100

Utilities

  • Underground Utilities

Community Details

  • No Home Owners Association
  • Coral Gable Country Club Condos
  • Coral Gable Country Club Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-41-18-003-1560

Property Details

Property Type

Land

Est. Annual Taxes

$14,631

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Horses: No
  • New Construction: No
  • Structure Type: Residential
  • Subdivision Name: CORAL GABLE COUNTRY CLUB
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Primary

Exterior Features

  • Direction Faces: East
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, Build To Suit
  • Other Structures: None
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: CORAL GABLE COUNTRY CLUB

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Utilities: Underground Utilities

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 03-41-18-003-1560
  • Additional Parcels: No
  • Current Use: Residential, Other Usage
  • Development Status: Recorded Plat
  • Lot Size Sq Ft: 14274
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 14631

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2024
Sold by
Bermello Willy A and Bermello Daysi R
Bought by
Willy A Bermello Trust and Daysi R Bermello Trust
Current Estimated Value
$6,339,828

Purchase Details

Listed on
Jan 16, 2020
Closed on
Aug 3, 2020
Sold by
Biltmore Sevilla Debt Investors Llc
Bought by
Bermello Willy A and Bermello Daysi R
Seller's Agent
Samantha Lucas
Samantha Lucas Real Est. Brk.
Buyer's Agent
Tony Rodriguez Tellaheche
Prestige Realty Group, LLC
List Price
$1,000,000
Sold Price
$940,000
Premium/Discount to List
-$60,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.89%
Original Mortgage
$1,140,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2013
Sold by
Riviera Biltmore Llc
Bought by
Biltmore Sevilla Debt Invest Llc

Purchase Details

Closed on
Feb 13, 2006
Sold by
Mcbride Family Properties Llc
Bought by
Riviera Biltmore Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 7, 2001
Sold by
Mcbride Arthur B Trust C
Bought by
Mcbride Family Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Willy A Bermello Trust -- None Listed On Document
Bermello Willy A $940,000 Attorney
Biltmore Sevilla Debt Invest Llc $1,100 --
Riviera Biltmore Llc -- Attorney
Mcbride Family Properties Llc $1,135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Willy A Bermello Trust $0
Previous Owner Bermello Willy A $2,600,000
Previous Owner Bermello Willy A $2,100,000
Previous Owner Bermello Willy A $1,140,000
Previous Owner Riviera Biltmore Llc $10,000,000
Previous Owner Riviera Biltmore Llc $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2020 08/04/20 Sold $940,000 -6.0% $66 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $1,000,000 -- $70 / 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 $65,099 $3,718,302 -- --
2024 $63,571 $3,613,511 -- --
2023 $63,571 $3,338,508 $0 $0
2022 $19,044 $1,024,100 $0 $0
2021 $19,112 $1,015,738 $1,015,738 $0
2020 $16,053 $902,830 $902,830 $0
2019 $14,376 $820,755 $820,755 $0
2018 $13,476 $820,755 $820,755 $0
2017 $12,505 $615,556 $0 $0
2016 $12,127 $559,597 $0 $0
2015 $12,466 $565,250 $0 $0
2014 $10,217 $513,864 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Samantha Lucas

    Samantha Lucas Real Est. Brk.

    4 in this area

    12 Total Sales

    Samantha Lucas
    Section Image
  • Tony Rodriguez Tellaheche

    Buyer's Agent in 2020

    Tony Rodriguez Tellaheche

    Prestige Realty Group, LLC

    (786) 488-6657

    2 in this area

    72 Total Sales

    Tony Rodriguez Tellaheche
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10868907

MIAMI REALTORS® MLS

APN: 03-4118-003-1560

Florida Miami/Dade County Coral Gables 33134 Country Club Section

1238 Malaga Ave, Coral Gables, FL

This home is located at 1238 Malaga Ave, Coral Gables, FL 33134 since 16 January 2020 and is currently estimated at $6,339,828, approximately $444 per square foot. 1238 Malaga 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.

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