$17,450,000
SOLD JUL 22, 2024
5 Beds
5 Baths
5,870 Sq Ft
0.71 Acres

Recently Sold

$2,973 Per Sq Ft

30% Below List Price

272 Days on Market

Highlights

  • Ocean Front
  • Deeded Boat Dock
  • In Ground Pool
  • Sunset Elementary School Rated A
  • Boat Lift
  • Vaulted Ceiling

About This Home

As of July 2024

An exceptional opportunity to acquire a bayfront property with direct ocean access in the exclusive and gated Old Cutler Bay community. Boasting sweeping views of Biscayne Bay, the expansive 31,130 SF lot features an impressive 170 feet of waterfront, capable of handling 100+ foot vessels and a boatlift with 20-30,000lb capacity. Build your dream home on one of the last remaining lots available on the open bay. In close proximity to Miami's finest private and public schools, restaurants, shopping, and entertainment. Also listed as Residential Land.

Last Agent to Sell the Property

Judith Zeder

Coldwell Banker Realty License #0650944 Listed on: 08/30/2023

Coldwell Banker Realty

Co-Listed By

Nathan Zeder

Coldwell Banker Realty License #3058239

Last Buyer's Agent

Alex Pirez

Mocca Realty, LLC. License #3486047

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,639

Year Built

  • Built in 1973

Lot Details

  • 0.71 Acre Lot
  • 173 Ft Wide Lot
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Northwest Facing Home
  • Property is zoned 0100

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 1 Detached Carport Space
  • Circular Driveway
  • Paver Block
  • Open Parking

Property Views

  • Ocean
  • Pool

Home Design

  • Shake Roof
  • Wood Siding

Interior Spaces

  • 5,870 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Family Room
  • Combination Dining and Living Room
  • Tile Flooring
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Seawall
  • Boat Lift
  • Deeded Boat Dock
  • Patio

Schools

  • Sunset Elementary School
  • Ponce De Leon Middle School
  • Coral Gables High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Voluntary home owners association
  • Old Cutler Bay Sec Five Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-51-05-010-0040

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,639

Year Built

Built in 1973

Lot Details

0

HOA Fees

$125 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1973
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Other
  • Carport Y N: Yes
  • Co List Office Mls Id: CBRE52
  • Co List Office Phone: 305-667-4815
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Deeded Dock,Private Dock,Unrestricted Salt Water Access
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: OLD CUTLER BAY SEC FIVE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: First Floor Entry, Other, Volume Ceilings, Family Room
  • Spa Yn: No
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Flooring: Other, Tile
  • Furnished: Unfurnished
  • Living Area: 5870
  • Possible Use: Unknown/Withheld
  • Window Features: Other Windows
  • Bedroom Features: Entry Level, Other
  • Dining Room Features: Breakfast Area, Dining/Living Room, Other
  • Living Room Features: Family Room, Other

Exterior Features

  • Roof: Wood Shake Roof
  • View: Ocean, Pool
  • Exterior Features: Other
  • Construction Type: Other, Wood Siding
  • Direction Faces: Northwest
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: OLD CUTLER BAY SEC FIVE
  • Carport Spaces: 1
  • Covered Parking Spaces: 3
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Detached Carport, Circular Driveway, Paver Block

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 1500
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Voluntary Hoa
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Sunset
  • High School: Coral Gables
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel Number: 03-51-05-010-0040
  • Lot Size Sq Ft: 31130
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 35639

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2023
Closed on
Jul 22, 2024
Sold by
Seiderman Roni and Mair Linda Nicole
Bought by
165 Solano Llc
Seller's Agent
Judith Zeder
Coldwell Banker Realty
Buyer's Agent
Alex Pirez
Mocca Realty, LLC.
List Price
$24,975,000
Sold Price
$17,450,000
Premium/Discount to List
-$7,525,000
-30.13%
Views
323
Current Estimated Value
$11,941,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,508,872
Avg. Annual Appreciation
-31.89%
Original Mortgage
$11,505,000
Outstanding Balance
$11,405,718
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$709,549

Purchase Details

Closed on
May 28, 2019
Sold by
Seiderman Sondra
Bought by
Sondra Seiderman Revocable Trust

Purchase Details

Closed on
Jul 5, 2007
Sold by
Seiderman Sondra
Bought by
Seiderman Sondra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2006
Sold by
Seiderman Sondra
Bought by
Seiderman Sondra
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $17,450,000 None Listed On Document
Quit Claim Deed -- --
Interfamily Deed Transfer -- Supreme Title & Escrow Inc
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $11,505,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $1,650,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,750,000 New Conventional
Previous Owner $800,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2024 07/22/24 Sold $17,450,000 -12.1% $2,973 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
03/09/2024 03/09/24 Price Changed $19,850,000 -20.5% $3,382 / Sq Ft
08/30/2023 08/30/23 For Sale $24,975,000 -- $4,255 / 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
2024 $233,246 $13,746,385 -- --
2023 $233,246 $12,496,714 $12,019,293 $477,421
2022 $35,639 $1,745,008 $0 $0
2021 $35,573 $1,694,183 $0 $0
2020 $36,117 $1,670,792 $0 $0
2019 $35,481 $1,633,228 $0 $0
2018 $33,137 $1,602,776 $0 $0
2017 $32,897 $1,569,810 $0 $0
2016 $32,369 $1,537,523 $0 $0
2015 $32,683 $1,526,836 $0 $0
2014 $32,448 $1,514,719 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11437804

MIAMI REALTORS® MLS

APN: 03-5105-010-0040