NOT LISTED FOR SALE

12900 SW 63rd Ave Miami, FL 33156

Estimated Value: $7,480,000 - $11,213,100

8 Beds
8.5 Baths
9,505 Sq Ft
$916/Sq Ft Est. Value

Last Sold December 28, 2022

Last sale price $10,500,000 $1,105 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $58,259/month

137 Days on Market

Highlights

  • Home Theater
  • New Construction
  • Sitting Area In Primary Bedroom
  • Palmetto Elementary School Rated A
  • Concrete Pool
  • Maid or Guest Quarters

About This Home

As of December 2022

The Crown Jewel of Pinecrest is now complete!A spectacular masterpiece that brilliantly blends modern design w/ extraordinary craftsmanship & the highest attention to detail & finishes w/all the luxury imaginable.Millions
in upgrades done by renowned landscape & design teams,this newly constructed Smart Home takes luxury living to the highest level.Soaring ceiling, accent lightings, custom millwork, floor-to-ceiling walls of glass,an Epicurean gourmet kitchen,wine cellar & a Hollywood-esque media room. Lavish master w/ the ultimate dream closets.Inspired by the beauty & sophistication of Bali & infused w/ modern zest. This stunning masterpiece is further enchanced w/ water features,resort style pool/patio, summer kit & cabana!Manificent grounds w/all special tropical plantings! Paradise!

Last Agent to Sell the Property

Josie Wang

Brown Harris Stevens License #0463370 Listed on: 08/12/2022

Brown Harris Stevens

Last Buyer's Agent

Ashley Velez

P.U.R.E. Investments, Inc. License #3189344

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,955

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.89 Acre Lot
  • East Facing Home
  • Fenced
  • Property is zoned 2300

Parking

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

Property Views

  • Garden
  • Pool

Home Design

  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 9,505 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Fireplace
  • Picture Window
  • Entrance Foyer
  • Great Room
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Sun or Florida Room
  • Storage Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Bidet
  • Dual Sinks

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Bathroom

Outdoor Features

  • Shed
  • Outdoor Grill
  • Porch

Schools

  • Palmetto Elementary And Middle School
  • Miami Palmetto High School

Utilities

  • Zoned Heating and Cooling
  • Septic Tank

Additional Features

  • Accessible Elevator Installed
  • East of U.S. Route 1

Community Details

  • No Home Owners Association
  • Bay Ridge Ests Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20-50-13-005-0020

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,955

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2021
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: Yes
  • Structure Type: Pool Only, House
  • Subdivision Name: BAY RIDGE ESTS
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Other Equipment/Appliances, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Bar, Built-in Features, Closet Cabinetry, Cooking Island, Elevator, Entrance Foyer, Other, Vaulted Ceiling(s), Walk-In Closet(s), Den/Library/Office, Family Room, Florida Room, Great Room, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Media Room, Storage, Utility Room/Laundry
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble, Other, Wood
  • Furnished: Unfurnished
  • Living Area: 9505
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Possible Use: Primary
  • Window Features: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass, Picture Window
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Sitting Area - Master Bedroom, Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Florida Room, Great Room, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Media Room, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks

Exterior Features

  • Roof: Concrete
  • View: Garden, Pool
  • Exterior Features: Barbeque, Built-In Grill
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: 3/4 To Less Than 1 Acre Lot, East Of US 1
  • Other Structures: Extra Building/Shed
  • Patio And Porch Features: Open Porch
  • Pool Features: In Ground, Concrete, Other, Pool Bath
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: BAY RIDGE ESTS
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Covered, Paver Block

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: Other, Paved Road, Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

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

Lot Info

  • Parcel Number: 20-50-13-005-0020
  • Lot Size Sq Ft: 38768
  • Zoning: 2300
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 14955

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Dec 23, 2022
Sold by
12900 Southwest 63Rd Ave Ii Llc
Bought by
12900 Sw 63 Avenue Trust
Seller's Agent
Josie Wang
Brown Harris Stevens
Buyer's Agent
Ashley Velez
P.U.R.E. Investments, Inc.
List Price
$11,850,000
Sold Price
$10,500,000
Premium/Discount to List
-$1,350,000
-11.39%
Views
67
Current Estimated Value
$8,702,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,797,725
Avg. Annual Appreciation
-8.57%
Original Mortgage
$7,400,000
Outstanding Balance
$7,179,312
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$1,043,366

Purchase Details

Listed on
Jan 8, 2021
Closed on
Oct 4, 2021
Sold by
12900 Sw 63 Avenue Llc
Bought by
129110 Southwest 63Rd Ave Ii Llc
Seller's Agent
Josie Wang
Brown Harris Stevens
Buyer's Agent
Josie Wang
Brown Harris Stevens
List Price
$5,200,000
Sold Price
$5,300,000
Premium/Discount to List
$100,000
1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
77.63%
Original Mortgage
$3,500,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2018
Sold by
Chams Diba Yachob and Chams Diba Maria
Bought by
12900 Sw 63 Avenue Llc

Purchase Details

Closed on
Sep 26, 2008
Sold by
Sainz Miguel Antonio and Sainz Gema Maria
Bought by
Chams Diba Yachob and Chams Diba Maria

Purchase Details

Closed on
Oct 8, 1993
Sold by
Madsen Anders N and Madsen Lorraine F
Bought by
Sainz Miguel Antonio and Sainz Gema Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.99%
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
12900 Sw 63 Avenue Trust $10,500,000 --
129110 Southwest 63Rd Ave Ii Llc $5,300,000 Attorney
12900 Sw 63 Avenue Llc -- Attorney
Chams Diba Yachob $700,000 Attorney
Sainz Miguel Antonio $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 12900 Sw 63 Avenue Trust $7,400,000
Previous Owner 129110 Southwest 63Rd Ave Ii Llc $3,500,000
Previous Owner Sainz Miguel Antonio $200,000
Previous Owner Sainz Miguel Antonio $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Sold $10,500,000 -11.4% $1,105 / Sq Ft
12/28/2022 12/28/22 Pending -- -- --
09/04/2022 09/04/22 For Sale $11,850,000 0.0% $1,247 / Sq Ft
09/04/2022 09/04/22 Off Market $11,850,000 -- --
08/12/2022 08/12/22 For Sale $11,850,000 +123.6% $1,247 / Sq Ft
10/18/2021 10/18/21 Sold $5,300,000 -3.6% $558 / Sq Ft
10/16/2021 10/16/21 Pending -- -- --
03/02/2021 03/02/21 Price Changed $5,499,000 +5.8% $579 / Sq Ft
01/08/2021 01/08/21 For Sale $5,200,000 0.0% $547 / Sq Ft
05/15/2015 05/15/15 Rented $2,500 0.0% --
04/15/2015 04/15/15 Under Contract -- -- --
03/25/2015 03/25/15 For Rent $2,500 +25.0% --
07/13/2012 07/13/12 Rented $2,000 0.0% --
06/13/2012 06/13/12 Under Contract -- -- --
05/30/2012 05/30/12 For Rent $2,000 -- --
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 $147,636 $8,748,505 $2,132,240 $6,616,265
2024 $147,972 $8,429,007 $1,744,560 $6,684,447
2023 $147,972 $8,419,364 $1,434,416 $6,984,948
2022 $77,007 $4,368,027 $930,432 $3,437,595
2021 $14,501 $767,606 $0 $0
2020 $13,223 $697,824 $697,824 $0
2019 $14,699 $775,360 $775,360 $0
2018 $14,335 $775,360 $775,360 $0
2017 $14,474 $783,446 $0 $0
2016 $14,022 $733,856 $0 $0
2015 $12,867 $667,142 $0 $0
2014 $12,390 $628,170 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11254618

MIAMI REALTORS® MLS

APN: 20-5013-005-0020