NOT LISTED FOR SALE

Estimated Value: $7,908,000 - $19,794,758

7 Beds
11 Baths
9,032 Sq Ft
$1,534/Sq Ft Est. Value

Last Sold December 01, 2020

Last sale price $13,000,000 $1,439 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $93,059/month

243 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Private Dock
  • Boat Lift
  • North Beach Elementary School Rated A-
  • Up to 80-Foot Boat
  • Bay View

About This Home

As of December 2020

A grand Mediterranean sanctuary nestled on a private island enclave will take your breath away while touching all of the senses. Meticulously redesigned in 2009, the estate combines the details of eras gone by with the highest quality finishes both visible and not visible to the eye. Enjoy outdoor living in a rimless saltwater pool, summer kitchen & 100 ft deep water minutes from the open bay or play basketball on your private court. The grand salon is the heart of the home flowing to the media rooms, dining & modern kitchen inclusive of a gas stove, abundant storage, and wine fridge. 1511 W 27th Street located on coveted Sunset Island 11 is a haven of pure beauty, exceptional architecture, and tranquil water views. Mediterranean luxury awaits at one of Miami Beach s sought after addresses

Last Agent to Sell the Property

Melissa Rubin

Compass Florida, LLC License #3014580 Listed on: 01/22/2020

Compass Florida, LLC

Co-Listed By

Pavel Gonzalez

Compass Florida, LLC License #3319281

Last Buyer's Agent

Dora Puig

Luxe Living Realty License #3268462

Luxe Living Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $208,548

Year Built

  • Built in 2009

Lot Details

  • 100 Feet of Waterfront
  • Fenced

HOA Fees

  • $208 per month

Parking

  • Attached Garage

Property Views

  • Bay
  • Canal

Home Design

  • Mediterranean Architecture
  • Property Attached

Interior Spaces

  • 9,032 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Entrance Foyer
  • High Impact Door
  • Cooking Island

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry

Outdoor Features

  • Outdoor Shower
  • Boat Lift
  • Up to 80-Foot Boat
  • Private Dock
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Schools

  • North Beach Elementary School

Listing and Financial Details

  • Assessor Parcel Number 02-32-28-001-0830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$208,548

Year Built

Built in 2009

Lot Details

0

HOA Fees

$208 per month

Parking

3

Listing Details

  • Blogging: Yes
  • Internet Remarks: Mediterranean revival architecture in the tradition of the grand mansions of the 1920 s awaits in this sanctuary nestled on a private island on MB.
  • Municipal Code: 2
  • Property Type: Single Family
  • Section: 28
  • Year Built: 2009
  • Property Sq Ft: 20000
  • Year Built Description: Effective Year Built
  • Zoning Information: RS-2
  • Furnished Info Sold: Unfurnished
  • Intended Use: Unknown/Withheld
  • Lp Amt Sq Ft: 1520.1744
  • Ratio Close Price By List Price: 0.86696
  • Style: Wf/Pool/Ocean Access
  • Website: https://my.matterport.com/show/?m=X9faLmCxxBE&mls=1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Front Exposure: South
  • Bedroom Description: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs
  • Primary Bathroom Description: 2 Master Bathrooms, Separate Tub & Shower
  • Dining Description: Formal Dining
  • Interior Amenities: First Floor Entry, Built-Ins, Closet Cabinetry, Cooking Island, Foyer Entry, Pantry, Walk-In Closets
  • Windows Treatments: High Impact Windows
  • Design: Attached
  • Adjusted Area Sq Ft: 9032
  • Full Bathrooms: 10
  • Half Bathrooms: 1
  • Total Bathrooms: 11.00
  • Total Bedrooms: 7
  • Design Description: Two Story, Mediterranean
  • Appliances: Automatic Garage Door Opener, Dishwasher, Disposal, Dryer, Electric Water Heater, Elevator, Microwave, Owned Burglar Alarm, Gas Range, Refrigerator, Smoke Detector, Wall Oven, Washer
  • Pool: Yes
  • Room Count: 12
  • Spa Yn: Yes
  • Sq Ft Liv Area: 9032
  • Total Sq Ft: 9032

Exterior Features

  • View: Bay, Canal
  • Pool: Below Ground Pool
  • Water Access: Boatlift, Private Dock
  • Waterfront Description: Canal Width 121 Feet Or More, No Fixed Bridges, Seawall
  • Waterfront Frontage: 100
  • Construction Type: Cbs Construction
  • Roof Description: Barrel Roof
  • Waterfront Property: Yes
  • Boat Services: Private Dock, Up To 80 Ft Boat
  • Exterior Features: Built-In Grill, Deck, Fence, High Impact Doors, Exterior Lighting, Open Balcony, Outdoor Shower, Patio

Garage/Parking

  • Garage Description: Attached
  • Parking Description: Driveway, Pavers
  • Garage Spaces: 3

Utilities

  • Sewer Description: Municipal Sewer
  • Cooling Description: Central Cooling
  • Heating Description: Central Heat
  • Water Description: Municipal Water

Condo/Co-op/Association

  • Floor Description: Marble Floors, Wood Floors
  • Subdivision Complex Bldg: Sunset Islands Rev 03
  • Housing Older Persons Act: No Hopa
  • Association Fee: 2500
  • Subdivision Information: Card/Electric Gate, Gated Community, Mandatory Hoa
  • Association Fee Paid Per: Yearly
  • Type of Association: Homeowners

Schools

  • Elementary School: North Beach
  • Middle School: Nautilus
  • High School: Miami Beach
  • Elementary School: North Beach

Lot Info

  • Lot Description: 1/4 To Less Than 1/2 Acre Lot
  • Parcel Number: 02-32-28-001-0830
  • Lot Sq Footage: 20000
  • Parcel Number Mlx: 0830

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Information: Tax Reflects City & County Tax, Tax Reflects Homestead Tax
  • Tax Amount: 71722
  • Tax Year: 2019

MLS Schools

  • Middle School: Nautilus
  • High School: Miami Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2020
Closed on
Nov 30, 2020
Sold by
Pathman Wayne M and Pathman Leslie B
Bought by
Goede John C and 1511 West 27Th Sired Land Trus
Seller's Agent
Melissa Rubin
Compass Florida, LLC
Buyer's Agent
Dora Puig
Luxe Living Realty
List Price
$14,995,000
Sold Price
$13,000,000
Premium/Discount to List
-$1,995,000
-13.3%
Current Estimated Value
$13,851,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$851,379
Avg. Annual Appreciation
0.66%

Purchase Details

Closed on
Dec 20, 2019
Sold by
Pathman Leslie B and Pathman Wayne M
Bought by
Pathman Wayne M and Pathman Leslie B

Purchase Details

Closed on
May 5, 2003
Sold by
Pathman Wayne M and Pathman Leslie B
Bought by
Pathman Leslie B

Purchase Details

Closed on
Jun 2, 2000
Sold by
Altg Corp
Bought by
St Laurent Jr Georges C and St Laurent Jr Eleanor C

Purchase Details

Closed on
Jul 28, 1998
Sold by
Bente Krarup Tr
Bought by
Altg Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 1994
Sold by
Krarup Bente
Bought by
Krarup Bente
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
Goede John C $13,000,000 Focus Title Group Llc
Pathman Wayne M -- Attorney
Pathman Leslie B -- --
St Laurent Jr Georges C $3,150,000 --
Altg Corp $935,000 --
Krarup Bente -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goede John C $9,720,000
Previous Owner Pathman Wayne M $1,000,000
Previous Owner Pathman Leslie B $350,000
Previous Owner Pathman Leslie B $1,100,000
Previous Owner Altg Corp $1,000,000
Previous Owner Altg Corp $735,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $13,000,000 -13.3% $1,439 / Sq Ft
12/01/2020 12/01/20 For Sale $14,995,000 0.0% $1,660 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
07/16/2020 07/16/20 Price Changed $14,995,000 -2.6% $1,660 / Sq Ft
01/22/2020 01/22/20 For Sale $15,395,000 -- $1,704 / 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 $208,548 $11,467,544 -- --
2024 $203,588 $11,139,310 -- --
2023 $203,588 $10,814,865 $0 $0
2022 $196,510 $10,499,869 $0 $0
2021 $196,038 $10,194,048 $5,985,000 $4,209,048
2020 $76,757 $4,005,587 $0 $0
2019 $75,087 $3,915,530 $0 $0
2018 $71,484 $3,842,523 $0 $0
2017 $70,891 $3,763,490 $0 $0
2016 $70,812 $3,686,083 $0 $0
2015 $71,722 $3,660,460 $0 $0
2014 $72,964 $3,631,409 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10803587

MIAMI REALTORS® MLS

APN: 02-3228-001-0830