NOT LISTED FOR SALE

12850 SW 60th Ave Miami, FL 33156

Estimated Value: $6,573,875 - $8,641,000

8 Beds
8 Baths
9,237 Sq Ft
$849/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $6,825,000 $739 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $49,746/month

272 Days on Market

Highlights

  • Guest House
  • 1 Bedroom Guest House
  • Built in 2008 | Newly Remodeled
  • Pinecrest Elementary School Rated A
  • Media Room
  • Heated In Ground Pool

About This Home

As of July 2022

Enchanting custom built 1 acre estate in Pinecrest. The elegant grand foyer leads to a beautiful formal living room. The extensive living areas are perfect for hosting and the stunning kitchen includes Wolf brand double oven gas range with 8 burners, Miele appliances, floor to ceiling cabinetry, 1,000 bottle glass enclosed wine cellar, and a breakfast bar area. The master bedroom suite offers a welcoming sitting area, walk-in closets, spa bath with whirlpool tub and shower, and a private terrace overlooking the estate. The property also features a covered terrace with a summer kitchen, custom pool, & guest house. Additional features: elevator, staff quarters, office, impact windows/doors, gate, and 3 car garage. By Appointment Only.

Last Agent to Sell the Property

Ed Martinez

Compass Florida, LLC License #3468329 Listed on: 07/30/2021

Compass Florida, LLC

Co-Listed By

Lizzie Padro

Compass Florida, LLC License #3034014

Last Buyer's Agent

Lori St John

One Sotheby's International Realty License #3380513

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,204

Year Built

  • Built in 2008 | Newly Remodeled

Lot Details

  • 0.93 Acre Lot
  • East Facing Home
  • Property is zoned 2300

Parking

  • 3 Car Attached Garage
  • Automatic Garage Door Opener
  • Circular Driveway
  • Paver Block
  • Guest Parking
  • Open Parking
  • Golf Cart Parking

Home Design

  • Concrete Roof

Interior Spaces

  • 9,237 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar
  • Vaulted Ceiling
  • Fireplace
  • French Doors
  • Family Room
  • Formal Dining Room
  • Media Room
  • Den
  • Recreation Room
  • Marble Flooring
  • Pool Views
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • 8 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom
  • Bathtub
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry in Utility Room
  • Dryer

Home Security

  • Security System Leased
  • Clear Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Doors

Pool

  • Heated In Ground Pool
  • Fence Around Pool
  • Pool Equipment Stays

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting
  • Cottage Room
  • Outdoor Grill
  • Porch

Additional Homes

  • Guest House
  • 1 Bedroom Guest House
  • One Bathroom Guest House
  • Guest House Includes Living Room

Schools

  • Pinecrest Elementary School
  • Palmetto Middle School
  • Miami Palmetto High School

Utilities

  • Central Air
  • Heating Available
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Rollingwood Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20-50-13-012-0030

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,204

Year Built

Built in 2008 | Newly Remodeled

Lot Details

0.93 Acres

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Co List Office Mls Id: COMP06
  • Co List Office Phone: 305-330-5700
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: ROLLINGWOOD ESTATES
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_GuestHouseDescription: 1 Bath, 1 Bedroom, Living Room
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Gas Range, Refrigerator, Self Cleaning Oven, Wall Oven
  • Interior Amenities: First Floor Entry, Bar, Closet Cabinetry, Cooking Island, Elevator, French Doors, Pantry, Volume Ceilings, Walk-In Closet(s), Wet Bar, Attic, Cottage, Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Media Room, Recreation Room, Utility Room/Laundry
  • Spa Yn: Yes
  • Accessibility Features: Accessible Elevator Installed, Accessible Doors
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Door Features: High Impact Doors, French Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 9237
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Possible Use: Unknown/Withheld
  • Window Features: Clear Impact Glass, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs, Master Bath Shower, Master Bath Tub
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining, Kitchen Dining, Other, Snack Bar/Counter
  • Living Room Features: Attic, Cottage, Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Guest House, Maid/In-Law Quarters, Media Room, Recreation Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • Roof: Concrete, Other
  • View: Pool
  • Exterior Features: Built-In Grill, Lighting, Open Balcony
  • Direction Faces: East
  • Lot Features: 3/4 To Less Than 1 Acre Lot, 1 To Less Than 2 Acre Lot
  • Other Structures: Guest House
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Features: In Ground, Fenced, Equipment Stays, Heated, Pool/Spa Combo
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: ROLLINGWOOD ESTATES
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Golf Cart Parking, Guest, Other, Paver Block

Utilities

  • Sewer: Public Sewer, Septic Tank
  • Water Source: Municipal Water, Well
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry, Washer/Dryer Hook-Up
  • Security: Fire Alarm, Security System Leased, Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Pinecrest
  • High School: Miami Palmetto
  • Middle Or Junior School: Palmetto

Lot Info

  • Parcel Number: 20-50-13-012-0030
  • Lot Size Sq Ft: 40510
  • Zoning: 2300
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 40204

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Jun 29, 2022
Sold by
Kini Family Irrevocable Trust
Bought by
Hyde Joseph and Hyde Elaine
Seller's Agent
Ed Martinez
Compass Florida, LLC
Buyer's Agent
Lori St John
One Sotheby's International Realty
List Price
$7,200,000
Sold Price
$6,825,000
Premium/Discount to List
-$375,000
-5.21%
Current Estimated Value
$7,845,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,020,219
Avg. Annual Appreciation
3.82%
Original Mortgage
$4,777,500
Outstanding Balance
$4,452,904
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$3,392,315

Purchase Details

Closed on
Jun 26, 2012
Sold by
4920 Properties Llc
Bought by
Kini Narendra and Kini Rekha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,017,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 26, 2008
Sold by
4920 Properties Llc
Bought by
Kini Narendra and Kini Rekha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.13%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 26, 2005
Sold by
Culberson R T and Culberson Betty
Bought by
4920 Properties Llc
Source: Public Records
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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
Hyde Joseph $6,825,000 Markowitz Ringel Trusty & Hart
Kini Narendra -- Attorney
Kini Narendra $2,500,000 Attorney
4920 Properties Llc $1,010,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hyde Joseph $4,777,500
Previous Owner Kini Narendra $1,017,000
Previous Owner Kini Narendra $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2022 07/01/22 Sold $6,825,000 -5.2% $739 / Sq Ft
04/28/2022 04/28/22 Pending -- -- --
04/22/2022 04/22/22 For Sale $7,200,000 +8.2% $779 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
07/30/2021 07/30/21 For Sale $6,653,000 -- $720 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $101,746 $5,996,683 -- --
2024 $100,987 $5,827,681 $1,822,950 $4,004,731
2023 $100,987 $5,733,738 $1,498,870 $4,234,868
2022 $40,655 $2,329,466 $0 $0
2021 $40,653 $2,261,618 $0 $0
2020 $40,204 $2,230,393 $729,180 $1,501,213
2019 $40,270 $2,222,373 $0 $0
2018 $38,545 $2,180,936 $0 $0
2017 $37,943 $2,136,079 $0 $0
2016 $37,919 $2,092,144 $0 $0
2015 $38,402 $2,077,601 $0 $0
2014 $38,901 $2,061,113 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11077964

MIAMI REALTORS® MLS

APN: 20-5013-012-0030

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