NOT LISTED FOR SALE

17401 Old Cutler Rd Palmetto Bay, FL 33157

Estimated Value: $1,030,000 - $7,024,000

6.38 Acres
$745,451 Price per Acre
277,913 Sq Ft Lot

Last Sold July 09, 2021

Last sale price $5,000,000 $1,973 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $31,469/month

15 Days on Market

Highlights

  • Ocean Front
  • 6.38 Acre Lot
  • 4-minute walk to Deering Point
  • Dr. Henry E. Perrine Academy Of The Arts Rated A-
  • No HOA

About This Lot

As of July 2021

BAYFRONT RETREAT BEYOND EXPECTATIONS. Unique and hard to find 6.38+ Acres (277,913) waterfront Estate, with 330 linear feet exposure with wide views of Biscayne Bay. Located directly on historic Old Cutler Road, includes a totally renovated (2017) guest house (3 bedrooms + 2 baths) as well as a covered two car garage. The new proposed main residence was designed by local architects Ralph-Levy. The land offers plenty of space, privacy, a fresh water spring, fruit trees, and local fauna as well as a convenient canoe/ kayak ramp and water well. Ideally located minutes from two major airports, top rated schools, convenient shopping and South Miami-Coral Gables urban centers. Rare offering, Real Seller.

Last Agent to Sell the Property

Fabian Garcia-Diaz

One Sotheby's International Re License #0492073 Listed on: 05/20/2021

One Sotheby's International Re

Co-Listed By

Allan Kleer

One Sotheby's International Re License #0675979

Last Buyer's Agent

Mike Diaz

Miami Brokers Group License #3245280

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $48,728

Lot Details

  • 6.38 Acre Lot
  • Lot Dimensions are 278x1000
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • West Facing Home
  • Property is zoned 2700

Property Views

  • Direct Ocean Views

Utilities

  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 33-50-35-001-0150

Community Details

Overview

  • No Home Owners Association
  • Richmonds Survey Condos
  • Richmonds Survey,Palmetto Bay Subdivision

Recreation

  • Property has ocean access

Property Details

Property Type

Land

Est. Annual Taxes

$48,728

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Co List Office Mls Id: OSIR03
  • Co List Office Phone: 305-538-9711
  • Road Frontage Type: Bay
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • Lot Size Acres: 6.38
  • Lot Size: 278x1000
  • New Construction: No
  • Structure Type: Residential
  • Subdivision Name: RICHMONDS SURVEY,Palmetto Bay
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • View: Direct Ocean, Ocean View
  • Direction Faces: West
  • Lot Features: 5 To Less Than 10 Acre Lot, Other
  • Other Structures: None
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: RICHMONDS SURVEY

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Utilities: Other Utilities Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 33-50-35-001-0150
  • Additional Parcels: No
  • Current Use: Residential, Unused
  • Development Status: Undeveloped
  • Lot Size Sq Ft: 277913
  • Zoning: 2700
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 48728

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Jul 9, 2021
Sold by
Hartz Michael O and Taitz Yardena
Bought by
Gonzalez Rene
Seller's Agent
Fabian Garcia-Diaz
One Sotheby's International Re
Buyer's Agent
Mike Diaz
Miami Brokers Group
List Price
$6,490,000
Sold Price
$5,000,000
Premium/Discount to List
-$1,490,000
-22.96%
Current Estimated Value
$4,755,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$244,025
Avg. Annual Appreciation
-1.15%

Purchase Details

Listed on
Jul 17, 2015
Closed on
Jul 17, 2015
Sold by
Cheek Gloria Dian
Bought by
Taitz Yardena and Taitz Michael O
Seller's Agent
Rosy Cancela
Coldwell Banker Realty
Buyer's Agent
Rosy Cancela
Coldwell Banker Realty
List Price
$4,100,000
Sold Price
$4,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.37%

Purchase Details

Listed on
Jul 17, 2015
Closed on
Jul 10, 2015
Sold by
Kunde Doris L
Bought by
Eternity Trust
Seller's Agent
Rosy Cancela
Coldwell Banker Realty
Buyer's Agent
Rosy Cancela
Coldwell Banker Realty
List Price
$4,100,000
Sold Price
$4,100,000

Purchase Details

Closed on
Jul 14, 2004
Sold by
Kunde George H and Kunde Gloria C
Bought by
Kunde Gloria Christine and Kunde George Henry
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
Gonzalez Rene $5,000,000 Southern Trust Title Company
Taitz Yardena $4,100,000 Attorney
Eternity Trust -- Attorney
Kunde Gloria Christine -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2021 07/09/21 Sold $5,000,000 -23.0% $1,973 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $6,490,000 +58.3% $2,561 / Sq Ft
07/20/2015 07/20/15 Sold $4,100,000 0.0% $1,600 / Sq Ft View Prior Sale
07/17/2015 07/17/15 Pending -- -- --
07/17/2015 07/17/15 For Sale $4,100,000 -- $1,600 / 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 $78,904 $3,929,189 -- --
2024 $71,691 $3,571,990 -- --
2023 $71,691 $3,247,264 $3,110,184 $137,080
2022 $60,310 $3,420,296 $2,744,280 $676,016
2021 $49,028 $2,685,351 $2,515,590 $169,761
2020 $48,728 $2,685,621 $2,515,590 $170,031
2019 $48,769 $2,685,892 $2,515,590 $170,302
2018 $47,673 $2,686,161 $2,515,590 $170,571
2017 $48,582 $2,686,432 $0 $0
2016 $49,587 $2,686,703 $0 $0
2015 $32,612 $1,458,503 $0 $0
2014 $27,354 $1,325,912 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fabian Garcia-Diaz

    Seller's Agent in 2021

    Fabian Garcia-Diaz

    One Sotheby's International Re

    (305) 785-8013

    1 in this area

    45 Total Sales

    Fabian Garcia-Diaz
    Section Image
  • Allan Kleer

    Seller Co-Listing Agent in 2021

    Allan Kleer

    One Sotheby's International Re

    (305) 798-8205

    1 in this area

    31 Total Sales

    Allan Kleer
    Section Image
  • Mike Diaz

    Buyer's Agent in 2021

    Mike Diaz

    Miami Brokers Group

    (786) 287-6453

    2 in this area

    53 Total Sales

    Mike Diaz
    Section Image
  • Rosy Cancela

    Seller's Agent in 2015

    Rosy Cancela

    Coldwell Banker Realty

    (305) 342-7442

    28 Total Sales

    Rosy Cancela
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11042558

MIAMI REALTORS® MLS

APN: 33-5035-001-0150

Florida Miami/Dade County Palmetto Bay 33157

17401 Old Cutler Rd, Palmetto Bay, FL

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