NOT LISTED FOR SALE

Estimated Value: $3,819,000 - $16,210,239

6 Beds
11 Baths
10,966 Sq Ft
$831/Sq Ft Est. Value

Last Sold June 05, 2024

Last sale price $17,000,000 $1,550 Per Sq Ft

Est. 46% decrease in value since last sale

Current estimated payment $52,393/month

218 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • In Ground Pool
  • Bayview Elementary School Rated A
  • New Construction
  • 5-minute walk to Willingham Park

About This Home

As of June 2024

Direct unobstructed ocean views just steps from the sand.Luxurious 6-bedroom, 8-full bath, and 2-half bath beachfront residence, complete with a gym and sauna, featuring exquisite craftsmanship and high-end finishes throughout. Italian porcelain graces the floors, with two distinct kitchen spaces. Enjoy the main kitchen which boasts elegant Aqua Quartzite countertops, and a chef's kitchen, perfect for entertaining. Additional highlights include a 4-car garage, Boffi vanities, and top-tier brands like B&B Italia, Maxalto, and Roche Bobois. Enjoy Euro wall sliders on each floor, a custom wine cellar, a Lutron smart home system, and a theater room with a 100-inch drop-down projector screen. Trimless lighting and Henge fixtures add to the modern elegance.

Last Agent to Sell the Property

Lourdes Maestres

Compass Florida, LLC License #3224157 Listed on: 10/04/2023

Compass Florida, LLC

Co-Listed By

Nidhi Sharma

Compass Florida, LLC License #3556423

Last Buyer's Agent

Spencer Carey

The Keyes Company License #3300338

The Keyes Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $99,651

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.35 Acre Lot
  • 100 Ft Wide Lot
  • Ocean Front
  • Northeast Facing Home
  • Property is zoned RS-8

Parking

  • 4 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway
  • On-Street Parking
  • Open Parking

Property Views

  • Ocean
  • Pool

Home Design

  • Metal Roof

Interior Spaces

  • 10,966 Sq Ft Home
  • Furnished
  • Built-In Features
  • Great Room
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Storage Room
  • Sauna

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Las Olas By The Sea Ext Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494331020350

Home Details

Home Type

Single Family

Est. Annual Taxes

$99,651

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 2023
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Three Or More Stories
  • Co List Office Mls Id: COMP01
  • Co List Office Phone: 305-851-2820
  • Garage Yn: Yes
  • Horses: No
  • New Construction: Yes
  • Structure Type: House
  • Subdivision Name: LAS OLAS BY THE SEA EXT
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Bar, Built-in Features, Cooking Island, Elevator, Pantry, Split Bedroom, Walk-In Closet(s), Den/Library/Office, Family Room, Great Room, Media Room, Other, Sauna, Storage, Utility Room/Laundry
  • Spa Yn: Yes
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 8
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Door Features: High Impact Doors
  • Flooring: Other
  • Furnished: Partially, Furnished
  • Living Area: 10966
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Possible Use: Unknown/Withheld
  • Window Features: High Impact Windows
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Great Room, Media Room, Other, Sauna, Storage Room, Utility Room/Laundry

Exterior Features

  • Roof: Metal Roof
  • View: Ocean, Pool
  • Exterior Features: Open Balcony, Outdoor Shower
  • Direction Faces: Northeast
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: WF/Pool/No Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: LAS OLAS BY THE SEA EXT
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway, On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494331020350
  • Lot Size Sq Ft: 15260
  • Zoning: RS-8
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 99651

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Jul 25, 2024
Sold by
Catherine Holmes Family Trust and Holmes Catherine
Bought by
1717 Ft Lauderdale Beach Boulevard Llc
Seller's Agent
Lourdes Maestres
Compass Florida, LLC
Buyer's Agent
Spencer Carey
The Keyes Company
List Price
$21,000,000
Sold Price
$17,000,000
Premium/Discount to List
-$4,000,000
-19.05%
Views
232
Current Estimated Value
$9,117,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,882,254
Avg. Annual Appreciation
-38.20%

Purchase Details

Listed on
Oct 4, 2023
Closed on
May 28, 2024
Sold by
Sharma Rajiv and Sharma Ritu
Bought by
Catherine Holmes Family Trust and Holmes
Seller's Agent
Lourdes Maestres
Compass Florida, LLC
Buyer's Agent
Spencer Carey
The Keyes Company
List Price
$21,000,000
Sold Price
$17,000,000
Premium/Discount to List
-$4,000,000
-19.05%
Views
232

Purchase Details

Listed on
Aug 26, 2020
Closed on
Apr 9, 2021
Sold by
Udis Gary
Bought by
Sharma Rajiv and Sharma Ritu
Seller's Agent
Heather Lefka
Florida Luxurious Properties
Buyer's Agent
Ester Kadosh
Coldwell Banker Residential RE
List Price
$6,395,000
Sold Price
$5,700,000
Premium/Discount to List
-$695,000
-10.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.47%
Original Mortgage
$4,275,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2016
Sold by
United Bank Inc
Bought by
Udis Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 20, 2016
Sold by
White Clarence E
Bought by
United Bank Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 25, 2003
Sold by
Cohen Gerard and Cohen Mireille
Bought by
White Clarence E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.45%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 7, 2000
Sold by
Lowry Harry E and Lowry Marion T
Bought by
Cohen Gerard and Cohen Mireille

Purchase Details

Closed on
Dec 1, 1989
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1717 Ft Lauderdale Beach Boulevard Llc -- Mariner Title
Catherine Holmes Family Trust $17,000,000 Mariner Title
Sharma Rajiv $5,700,000 None Listed On Document
Udis Gary $4,000,000 Attorney
United Bank Inc $1,902,800 None Available
White Clarence E $1,750,000 --
Cohen Gerard $1,300,000 --
Available Not $585,357 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sharma Rajiv $4,275,000
Previous Owner Udis Gary $2,400,000
Previous Owner White C E $2,225,000
Previous Owner White Clarence E $4,420,061
Previous Owner White Clarence E $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2024 06/05/24 Sold $17,000,000 -8.1% $1,550 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
02/28/2024 02/28/24 Price Changed $18,499,000 -7.5% $1,687 / Sq Ft
01/18/2024 01/18/24 Price Changed $20,000,000 -4.8% $1,824 / Sq Ft
10/25/2023 10/25/23 For Sale $21,000,000 +268.4% $1,915 / Sq Ft
04/12/2021 04/12/21 Sold $5,700,000 -10.9% $520 / Sq Ft
03/13/2021 03/13/21 Pending -- -- --
08/26/2020 08/26/20 For Sale $6,395,000 -- $583 / 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 $50,915 $14,420,750 $1,831,200 $12,589,550
2024 $51,624 $2,710,410 $1,831,200 $879,210
2023 $51,624 $2,710,410 $1,831,200 $879,210
2022 $99,651 $5,348,020 $1,831,200 $3,516,820
2021 $106,984 $5,636,670 $0 $0
2020 $100,660 $5,425,020 $1,831,200 $3,593,820
2019 $96,969 $5,252,470 $1,831,200 $3,421,270
2018 $86,115 $4,780,410 $1,831,200 $2,949,210
2017 $85,027 $4,588,330 $0 $0
2016 $82,220 $4,289,510 $0 $0
2015 $77,172 $3,899,560 $0 $0
2014 $74,168 $3,545,060 $0 $0
2013 -- $3,222,790 $1,533,500 $1,689,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11454582

MIAMI REALTORS® MLS

APN: 49-43-31-02-0350