NOT LISTED FOR SALE

Estimated Value: $7,130,000

5 Beds
6 Baths
8,951 Sq Ft
$797/Sq Ft Est. Value

Sale Details

Date Sold: November 2, 2021

Last sale price $10,490,000 $1,172 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $45,567 / mo

372 Days on Market

Highlights

  • Property has ocean access
  • Guest House
  • Media Room
  • South Pointe Elementary School Rated 9+
  • Property Fronts a Bay or Harbor
  • 1-minute walk to Palm Island Park

About This Home

As of November 2021

Live in paradise in this mediterranean-inspired waterfront estate located in exclusive community on Palm Island! Architecturally designed w/ large windows providing natural lighting, this 5 BD/4.2 BA home has open floor plan w/ spacious indoor living & covered outdoor living areas, surrounded by beautiful lush landscaping. 100FT of water frontage. Features include a dramatic foyer w/ soaring high ceilings, a grand living room w/ fireplace & 1800’s chandeliers, dining & breakfast spaces, unique cow-bone kitchen cabinets imported from Colombia, Oak Wood floors, an African Rosewood Media Room, a corner office, a bar w/ built-in aquarium, a master suite w/ 2 balconies, & more! Enjoy stunning views from a comfortable terrace, relax inside pool surrounded by lion-shaped fountains, & private dock

Last Agent to Sell the Property

Julian Johnston

The Corcoran Group License #3041178 Listed on: 10/19/2020

The Corcoran Group

Last Buyer's Agent

Julian Johnston

The Corcoran Group License #3041178 Listed on: 10/19/2020

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $56,982

Year Built

  • Built in 1996

Lot Details

  • 30,000 Sq Ft Lot
  • 100 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Property is zoned 2200

Parking

  • 3 Car Attached Garage
  • Driveway
  • Guest Parking
  • Open Parking
  • Golf Cart Parking

Home Design

  • Mediterranean Architecture
  • Studio

Interior Spaces

  • 8,951 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Furnished
  • Vaulted Ceiling
  • Fireplace
  • Family Room
  • Combination Dining and Living Room
  • Media Room
  • Den
  • Recreation Room
  • Loft
  • Storage Room
  • Wood Flooring
  • Bay Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Cooking Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Maid or Guest Quarters
  • Dual Sinks

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Balcony
  • Exterior Lighting
  • Outdoor Grill

Additional Features

  • Guest House
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-05-001-0040

Community Details

Overview

  • No Home Owners Association
  • Palm Island Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$56,982

Year Built

Built in 1996

Lot Details

0.69 Acres

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1996
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Mediterranean
  • Co List Office Mls Id: FLL404289
  • Co List Office Phone: (561) 655-9081
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: PALM ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Other Equipment/Appliances, Refrigerator
  • Interior Amenities: First Floor Entry, Cooking Island, Split Bedroom, Volume Ceilings, Walk-In Closet(s), Wet Bar, Den/Library/Office, Family Room, Loft, Maid/In-Law Quarters, Media Room, Recreation Room, Storage, Studio Apartment
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Wood
  • Furnished: Furnished
  • Living Area: 8951
  • Possible Use: Unknown/Withheld
  • Bedroom Features: At Least 1 Bedroom Ground Level, Sitting Area - Master Bedroom
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Living Room Features: Den/Library/Office, Family Room, Guest House, Loft, Maid/In-Law Quarters, Media Room, Recreation Room, Storage Room, Studio Apartment
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • Roof: Other
  • View: Bay, Other
  • Exterior Features: Built-In Grill, Lighting, Open Balcony
  • Direction Faces: East
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Other Structures: Guest House
  • Patio And Porch Features: Open Balcony
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: PALM ISLAND
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Driveway, Golf Cart Parking, Guest

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Gated, Gated Community

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-42-05-001-0040
  • Lot Size Sq Ft: 30000
  • Zoning: 2200
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 56982

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2020
Closed on
Nov 2, 2021
Sold by
Bought by
Seller's Agent
Julian Johnston
The Corcoran Group
Buyer's Agent
Julian Johnston
The Corcoran Group
List Price
$11,000,000
Sold Price
$10,490,000
Premium/Discount to List
-$510,000
-4.64%
Current Estimated Value
$7,130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,360,000
Avg. Annual Appreciation
-8.02%

Purchase Details

Closed on
Mar 2, 1994
Sold by
Bought by
Source: Public Records
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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$9,297,800 Attorney
-- --
$750,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/02/2021 11/02/21 Sold $10,490,000 -12.6% $1,172 / Sq Ft
10/08/2021 10/08/21 Pending -- -- --
12/15/2020 12/15/20 Price Changed $12,000,000 +9.1% $1,341 / Sq Ft
10/01/2020 10/01/20 For Sale $11,000,000 -- $1,229 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $229,561 $12,284,147 -- --
2024 $207,288 $11,642,452 -- --
2023 $207,288 $10,584,048 $10,500,000 $84,048
2022 $184,475 $9,662,450 $9,000,000 $662,450
2021 $58,840 $2,964,520 $0 $0
2020 $58,201 $2,923,590 $0 $0
2019 $56,982 $2,857,860 $0 $0
2018 $54,266 $2,804,574 $0 $0
2017 $54,143 $2,746,890 $0 $0
2016 $53,500 $2,690,392 $0 $0
2015 $53,666 $2,671,691 $0 $0
2014 $54,659 $2,650,488 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10935303

MIAMI REALTORS® MLS

APN: 02-4205-001-0040

Your Personal Tour Guide

Ask me questions while you tour the home.