NOT LISTED FOR SALE

Estimated Value: $2,235,000 - $48,222,156

10 Beds
12 Baths
14,762 Sq Ft
$1,709/Sq Ft Est. Value

Last Sold August 19, 2020

Last sale price $32,500,000 $2,202 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $191,078/month

98 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • 2 Bedroom Guest House
  • South Pointe Elementary School Rated A-
  • Guest House
  • Boat Lift

About This Home

As of August 2020

This amazing contemporary 2-Story waterfront estate on exclusive, guard-gated Star Island exemplifies luxury living. The estate sits on a manicured 40,000 SF lot & offers 15,011 SF & 100FT of WF w/direct Biscayne Bay & Miami skyline sunset views. Home features exquisite stone floors, Venetian plaster walls, elevator & living room that opens to the private formal dining room, an industrial-style chef’s kitchen, library/den, wine room & great room that opens to the pool area. The 2nd floor principal suite sports a sitting room, office & 2 large terraces w/bay views, plus a bathroom w/expansive onyx/glass steam shower, large walk-in closet & custom spa tub. Outdoor highlights include: pool w/Jacuzzi, cabana bath, covered bar, private 100FT IPE wood dock & Atlantic Ocean access.

Last Agent to Sell the Property

Jill Eber

Coldwell Banker Realty License #0333469 Listed on: 04/21/2020

Coldwell Banker Realty

Co-Listed By

Jill Hertzberg

Coldwell Banker Realty License #0551544

Last Buyer's Agent

Arlene Dunand

Coldwell Banker Realty License #0664509

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $460,154

Year Built

  • Built in 2003

Lot Details

  • 0.92 Acre Lot
  • 100 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • Northwest Facing Home
  • Property is zoned 2200

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Driveway
  • Open Parking

Property Views

  • Bay
  • Pool

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 14,762 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Fireplace
  • Arched Windows
  • Sliding Windows
  • French Doors
  • Family Room
  • Formal Dining Room
  • Den
  • Atrium Room
  • Utility Room in Garage
  • Storage Room
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Two Primary Bathrooms
  • Maid or Guest Quarters
  • Bidet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Boat Lift
  • Private Dock
  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Additional Homes

  • Guest House
  • 2 Bedroom Guest House
  • Two Bathroom Guest House

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-04-001-0120

Community Details

Overview

  • Star Island Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$460,154

Year Built

Built in 2003

Lot Details

0

HOA Fees

$42 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Co List Office Mls Id: CBRE68
  • Co List Office Phone: 305-672-6300
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: STAR ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_GuestHouseDescription: 2 Baths, 2 Bedrooms
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Other Equipment/Appliances, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Built-in Features, Elevator, French Doors, Other, Split Bedroom, Walk-In Closet(s), Wet Bar, Atrium, Den/Library/Office, Family Room, Maid/In-Law Quarters, Storage, Utility/Laundry In Garage
  • Full Bathrooms: 10
  • Half Bathrooms: 2
  • Total Bedrooms: 10
  • Door Features: French Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Other, Wood
  • Furnished: Unfurnished
  • Living Area: 14762
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Window Features: Arched Windows, Other Windows, Sliding
  • Bedroom Features: Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Living Room Features: Atrium, Den/Library/Office, Family Room, Guest House, Maid/In-Law Quarters, Other, Storage Room, Utility/Laundry In Garage
  • Master Bathroom Features: 2 Master Bathrooms, Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: STAR ISLAND
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: In Garage

Condo/Co-op/Association

  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated Community
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 02-42-04-001-0120
  • Lot Size Sq Ft: 40000
  • Zoning: 2200
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 460154

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2020
Closed on
Aug 19, 2020
Sold by
E & A Estates Llc
Bought by
Fleetwood Star Holdings Llc
Seller's Agent
Jill Eber
Coldwell Banker Realty
Buyer's Agent
Arlene Dunand
Coldwell Banker Realty
List Price
$40,000,000
Sold Price
$32,500,000
Premium/Discount to List
-$7,500,000
-18.75%
Current Estimated Value
$25,228,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,271,422
Avg. Annual Appreciation
-4.24%

Purchase Details

Closed on
Apr 28, 2011
Sold by
Morgan Thomas H
Bought by
E & A Estates Llc

Purchase Details

Closed on
Mar 18, 2011
Sold by
Morgan Thomas H
Bought by
E & A Estates Ltd

Purchase Details

Closed on
May 23, 2007
Sold by
S I Construction Lc
Bought by
Morgan Thomas H

Purchase Details

Closed on
Jun 6, 2003
Sold by
S I Construction Lc
Bought by
Morgan Thomas H

Purchase Details

Closed on
Mar 13, 2000
Sold by
Frank Carsten
Bought by
Morganstar 35 L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 1998
Sold by
King Cory
Bought by
Frank Carsten

Purchase Details

Closed on
Apr 6, 1995
Sold by
Gerstein Const Co
Bought by
King Cory and Romanoff King Carla Maria

Purchase Details

Closed on
Dec 10, 1993
Sold by
Diskin Arthur L
Bought by
Gersten Const Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.85%
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
Fleetwood Star Holdings Llc $32,500,000 Attorney
E & A Estates Llc -- Attorney
E & A Estates Ltd -- None Available
Morgan Thomas H -- Attorney
Morgan Thomas H -- --
Morganstar 35 L C $3,700,000 --
Frank Carsten $2,450,000 --
King Cory -- --
King Cory $1,685,000 --
Gersten Const Co $1,700,000 --
Gersten Const Co -- --
Gersten Const Co $1,700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morgan Thomas H $2,000,000
Previous Owner Frank Carsten $50,000
Previous Owner Gersten Const Co $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2020 08/19/20 Sold $32,500,000 -18.8% $2,202 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
03/25/2020 03/25/20 For Sale $40,000,000 -- $2,710 / 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 $642,874 $36,291,415 -- --
2024 $598,417 $32,992,196 -- --
2023 $598,417 $29,992,906 $0 $0
2022 $542,629 $27,266,279 $0 $0
2021 $486,900 $24,787,527 $11,200,000 $13,587,527
2020 $445,289 $22,587,036 $10,400,000 $12,187,036
2019 $460,154 $23,332,088 $11,000,000 $12,332,088
2018 $449,482 $23,477,141 $11,000,000 $12,477,141
2017 $459,130 $23,622,193 $0 $0
2016 $466,976 $23,767,246 $0 $0
2015 $442,429 $21,886,624 $0 $0
2014 $421,376 $20,689,753 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10848236

MIAMI REALTORS® MLS

APN: 02-4204-001-0120