NOT LISTED FOR SALE

Estimated Value: $6,156,000 - $7,674,148

5 Beds
5.5 Baths
4,742 Sq Ft
$1,491/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $3,800,000 $801 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $40,110/month

171 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Waterfront Tip Lot
  • Pinecrest Elementary School Rated A
  • Boat Lift
  • 1-minute walk to Coral Bay Park

About This Home

As of March 2020

Rare opportunity to own a Frank Lloyd Wright inspired waterfront home in the exclusive guard gated community of Gables by the Sea. Situated on a generous 20,385sf lot with 240ft of water frontage, no bridges & only 3 minutes to the open bay, this gem is a true yachtsman’s paradise. This warm and inviting residence offers bay views from almost every room allowing for natural light to flow throughout the home. This is the perfect waterfront home for year round entertainment. Enjoy sights of dolphins and manatees while relaxing in your private backyard oasis. Also featured are a 2-car garage with wide driveway for extra parking spaces and a 2016 roof. Close proximity to nationally ranked schools, excellent hospitals and shopping.

Last Agent to Sell the Property

Hilda Mendez Jacobson

Douglas Elliman License #3066386 Listed on: 09/10/2019

Douglas Elliman

Co-Listed By

Stacey Margulies

Douglas Elliman License #3378652

Last Buyer's Agent

Libby Lorenzo

Onyx Realty License #0617527

Onyx Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,519

Year Built

  • Built in 1987

Lot Details

  • 0.47 Acre Lot
  • 240 Ft Wide Lot
  • Waterfront Tip Lot
  • Cul-De-Sac
  • Southeast Facing Home
  • Fenced
  • Oversized Lot
  • Property is zoned 0100

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway
  • Guest Parking
  • Open Parking

Property Views

  • Bay
  • Canal

Home Design

  • Elevated Home
  • Substantially Remodeled
  • Flat Tile Roof
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,742 Sq Ft Home
  • Central Vacuum
  • Built-In Features
  • Vaulted Ceiling
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Storage Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Complete Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Bathroom
  • Pool Equipment Stays
  • Auto Pool Cleaner

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Canal Width is 121 Feet or More
  • Boat Lift
  • Boat Hoist or Davit
  • Private Dock
  • Balcony
  • Exterior Lighting
  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 03-51-18-008-0080

Community Details

Overview

  • Coral Bay Sec D,Gables By The Sea Subdivision

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,519

Year Built

Built in 1987

Lot Details

0

HOA Fees

$17 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1987
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Three Or More Stories
  • Co List Office Mls Id: DEOM19
  • Co List Office Phone: 305-695-6060
  • Directions: Located in Gables the Sea- Stop at the guard gate on SW 128th Street (Lugo Ave). Turn right at the turn about, then turn left on Bella Vista Ave. Go straight to Nevada Street and turn left. The house is at the end of the cul-de-sac.
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Boat Hoists/Davits,Private Dock,Unrestricted Salt Water Access
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: CORAL BAY SEC D,Gables By the Sea
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Other Equipment/Appliances, Gas Range, Refrigerator, Wall Oven, Washer, Water Softener Owned
  • Interior Amenities: First Floor Entry, Built-in Features, Entrance Foyer, Vaulted Ceiling(s), Walk-In Closet(s), Den/Library/Office, Family Room, Great Room, Media Room, Storage, Utility Room/Laundry
  • Spa Yn: No
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Carpet, Marble
  • Furnished: Unfurnished
  • Living Area: 4742
  • Other Equipment: Automatic Garage Door Opener, Central Vacuum, Natural Gas
  • Possible Use: Unknown/Withheld
  • Window Features: Complete Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining, Snack Bar/Counter
  • Living Room Features: Den/Library/Office, Family Room, Great Room, Media Room, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • Roof: Concrete, Flat Tile
  • View: Bay, Canal
  • Exterior Features: Fruit Trees, Lighting, Open Balcony
  • Construction Type: CBS Construction, Elevated Construction
  • Direction Faces: Southeast
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, Cul-De-Sac, Oversized Lot
  • Patio And Porch Features: Open Balcony, Open Porch
  • Pool Features: Auto Pool Clean, In Ground, Concrete, Equipment Stays, Heated, Pool Bath
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Width 121 Feet Or More, No Fixed Bridges, Point Lot
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: CORAL BAY SEC D
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, Guest

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • 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 Fee: 200
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated, Gated Community, Security Patrol, Street Lights
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners, Voluntary

Schools

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

Lot Info

  • Parcel Number: 03-51-18-008-0080
  • Lot Size Sq Ft: 20385
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 42519

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2019
Closed on
Mar 27, 2020
Sold by
Tellez Alexander and Tellez Annette
Bought by
Palmer Matthew A and Palmer Karen Sue
Seller's Agent
Hilda Mendez Jacobson
Douglas Elliman
Buyer's Agent
Libby Lorenzo
Onyx Realty
List Price
$3,995,000
Sold Price
$3,800,000
Premium/Discount to List
-$195,000
-4.88%
Current Estimated Value
$6,594,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,794,049
Avg. Annual Appreciation
11.40%

Purchase Details

Closed on
Dec 17, 2011
Sold by
Steinberg Stephen E and Mladenovic Jeanette
Bought by
Tellez Alexander and Tellez Annette

Purchase Details

Closed on
Aug 26, 2003
Sold by
Ketchledge Raymond A and Ketchledge Alene Ann
Bought by
Steinberg Stephen E and Mladenovic Jeanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.24%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 12, 2001
Sold by
Buckle Up Inc Of Miami
Bought by
Ketchledge Raymond A and Ketchledge Alene A
Source: Public Records

Range of Values:

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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
Palmer Matthew A $3,800,000 Lincoln Title Company
Tellez Alexander $2,850,000 Attorney
Steinberg Stephen E $2,000,000 Westwood National Title Co
Ketchledge Raymond A $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tellez Alexander $2,010,000
Previous Owner Tellez Alexander $800,000
Previous Owner Tellez Alexander $1,000,000
Previous Owner Steinberg Stephen E $400,000
Previous Owner Steinberg Stephen E $300,000
Previous Owner Steinberg Stephen E $1,600,000
Previous Owner Ketchledge Raymond A $1,060
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2020 03/27/20 Sold $3,800,000 -3.8% $801 / Sq Ft
09/10/2019 09/10/19 Price Changed $3,950,000 -1.1% $833 / Sq Ft
09/10/2019 09/10/19 For Sale $3,995,000 -- $842 / 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 $47,875 $2,668,322 -- --
2024 $45,413 $2,593,122 -- --
2023 $45,413 $2,517,595 $0 $0
2022 $45,222 $2,444,267 $0 $0
2021 $45,003 $2,373,075 $0 $0
2020 $46,131 $2,378,764 $0 $0
2019 $44,334 $2,325,283 $0 $0
2018 $42,519 $2,281,927 $0 $0
2017 $42,207 $2,234,993 $0 $0
2016 $42,042 $2,189,024 $0 $0
2015 $42,566 $2,173,808 $0 $0
2014 $42,960 $2,156,556 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10725365

MIAMI REALTORS® MLS

APN: 03-5118-008-0080