NOT LISTED FOR SALE

Estimated Value: $5,748,000 - $10,559,894

5 Beds
5 Baths
4,140 Sq Ft
$2,031/Sq Ft Est. Value

Last Sold March 22, 2022

Last sale price $7,800,000 $1,884 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $53,780/month

Highlights

  • Property has ocean access
  • Boat Lift
  • In Ground Pool
  • Sunset Elementary School Rated A
  • Bar or Lounge
  • Waterfront

About This Home

As of December 2024

This stunning rental property is located in the highly sought-after gated community of Old Cutler Bay, offering the ultimate in luxury & privacy. Enjoy views of the pool & water from all rooms. The property features a bar area, perfect for entertaining guests, as well as a formal dining room. Relax in the family living room or entertain in the formal living room. The primary bedroom, complete w/ an expansive walk-in closet & a large bath. 2 guest rooms provide ample space for visitors. The additional family room next to the pool comes w/ a full bath. Service bedroom w/a full bath is conveniently located off the kitchen, the laundry room & 2-car garage. Enjoy plenty of outdoor space w/ a covered terrace, deck, playground, & yard w/access to a boat dock & lift w/ no bridges to bay.

Last Agent to Rent the Property

Saddy Delgado

One Sotheby's International Realty License #0430423 Listed on: 09/16/2024

One Sotheby's International Realty

Last Renter's Agent

NON-MLS MEMBER

MAR NON MLS MEMBER License #SEF

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • 0.57 Acre Lot
  • 80 Ft Wide Lot
  • Waterfront
  • East Facing Home
  • Property is zoned 0100

Parking

  • 5 Car Attached Garage

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,140 Sq Ft Home
  • Built-In Features
  • Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Canal Views

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Boat Lift
  • Deck
  • Patio

Schools

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

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 9/16/24
  • 1 Year With Renewal Option,More Than 1 Year Lease Term
  • Assessor Parcel Number 03-51-05-010-0290

Community Details

Overview

  • No Home Owners Association
  • Voluntary home owners association
  • Old Cutler Bay Sec Five,Old Cutler Bay Subdivision

Additional Features

  • Bar or Lounge
  • Security Service

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

0.57 Acres

Parking

5

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2024-09-16
  • Lease Term: 1 Year With Renewal Option,More Than 1 Year

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1974
  • Property Sub Type: Single Family Residence
  • Architectural Style: First Floor Entry, Other
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Unrestricted Salt Water Access, Lift
  • Lease Assignable: No
  • New Construction: No
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: OLD CUTLER BAY SEC FIVE,Old Cutler Bay
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Bar, Built-in Features, Cooking Island, Entrance Foyer, Vaulted Ceiling(s), Family Room
  • Spa Yn: No
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Other, Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 4140
  • Window Features: High Impact Windows, Impact Glass
  • Dining Room Features: Formal Dining, Other, Snack Bar/Counter
  • Living Room Features: Family Room

Exterior Features

  • Roof: Barrel Roof
  • View: Canal, Water
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Patio And Porch Features: Deck, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: No Fixed Bridges, Ocean Access, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: OLD CUTLER BAY SEC FIVE
  • Covered Parking Spaces: 5
  • Garage Spaces: 5
  • Parking Features: 2 Spaces

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Security Patrol

Condo/Co-op/Association

  • Amenities: Bar, Security Patrol
  • Association: No
  • Community Features: Public Road, Security Patrol, Voluntary Hoa

Schools

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

Lot Info

  • Parcel Number: 03-51-05-010-0290
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 24900
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
Mar 22, 2022
Sold by
Ocean Expedition Llc
Bought by
Comseca Land Trust
Seller's Agent
Isabel Dohse
Compass Florida, LLC
Buyer's Agent
Salesperson Non Member
Non-MLS Member
List Price
$7,500,000
Sold Price
$7,800,000
Premium/Discount to List
$300,000
4%
Current Estimated Value
$8,408,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$608,965
Avg. Annual Appreciation
1.94%

Purchase Details

Listed on
Oct 4, 2013
Closed on
Jun 12, 2014
Sold by
Fernandez Marta N and Fernandez Federico J
Bought by
Ocean Expedition Llc
Seller's Agent
Drew Kern
BHHS EWM Realty
Buyer's Agent
Adriana Guerra De Castro
One Sotheby's International Realty
List Price
$3,650,000
Sold Price
$3,140,000
Premium/Discount to List
-$510,000
-13.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.41%
Original Mortgage
$1,990,000
Interest Rate
3.24%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 23, 1996
Sold by
Blumberg Morton B and Blumberg Carol Nudelman
Bought by
Fernandez Federico J and Fernandez Marta M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
8.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Comseca Land Trust $7,300,000 Galego Law Group
Ocean Expedition Llc $3,140,000 Attorney
Fernandez Federico J $925,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ocean Expedition Llc $1,990,000
Previous Owner Fernandez Federico J $1,250,000
Previous Owner Fernandez Federico J $160,000
Previous Owner Fernandez Federico J $150,000
Previous Owner Fernandez Federico J $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2024 12/06/24 Rented $15,500 -16.2% --
11/27/2024 11/27/24 Under Contract -- -- --
09/16/2024 09/16/24 For Rent $18,500 0.0% --
03/22/2022 03/22/22 Sold $7,800,000 +4.0% $1,884 / Sq Ft View Prior Sale
02/21/2022 02/21/22 For Sale $7,500,000 +138.9% $1,812 / Sq Ft
06/12/2014 06/12/14 Sold $3,140,000 -9.0% $690 / Sq Ft View Prior Sale
03/21/2014 03/21/14 Pending -- -- --
01/28/2014 01/28/14 Price Changed $3,450,000 -5.5% $758 / Sq Ft
10/04/2013 10/04/13 For Sale $3,650,000 -- $802 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $125,531 $6,934,909 -- --
2024 $110,326 $6,304,463 -- --
2023 $110,326 $5,731,330 $5,324,616 $406,714
2022 $98,403 $4,826,804 $0 $0
2021 $87,926 $4,388,004 $3,934,200 $453,804
2020 $84,459 $4,192,468 $3,735,000 $457,468
2019 $80,327 $3,967,048 $3,505,920 $461,128
2018 $71,155 $3,651,990 $3,187,200 $464,790
2017 $69,792 $3,273,891 $0 $0
2016 $65,249 $2,976,265 $0 $0
2015 $56,405 $2,705,696 $0 $0
2014 $24,995 $1,139,909 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11660140

MIAMI REALTORS® MLS

APN: 03-5105-010-0290

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