NOT LISTED FOR SALE

Estimated Value: $7,326,000 - $14,357,478

3 Beds
2.5 Baths
2,225 Sq Ft
$4,590/Sq Ft Est. Value

Sale Details

Date Sold: October 16, 2017

Last sale price $2,700,000 $1,213 Per Sq Ft

Est. 278% increase in value since last sale

Current estimated payment $64,327 / mo

420 Days on Market

Highlights

  • Property has ocean access
  • Property fronts an intracoastal waterway
  • Vaulted Ceiling
  • South Pointe Elementary School Rated 9+
  • Room in yard for a pool
  • Wood Flooring

About This Home

As of October 2017

Best waterfront deal in South Beach. BACKUPS WANTED. Turnkey. Immaculate complete renovation, with classical features maintained. Total area of 2,225 sf.- 3BD, 2.5 BA wide waterfront on prestigious guard-gated Palm Island. Significant original features. Huge volume; 11' ceiling, with layered moldings. New electric, plumbing, impact doors and windows. New roof, sprinkler system, A/C system, landscaping. All new high grade appliances. Renovated bathrooms, full laundry room. New electric garage door. Quiet water, facing Hibiscus Island. 50' of waterfront, 7,000 sf lot. Room for pool. Excellent position on the street. Serene South Beach living at its finest.

Last Agent to Sell the Property

Peter Chadwick

MMLS Assoc.-Inactive Member License #3012864 Listed on: 07/01/2016

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Arshan Borhan

Iconic Properties License #3220150

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,305

Year Built

  • Built in 1936

Lot Details

  • 7,000 Sq Ft Lot
  • 50 Ft Wide Lot
  • Property fronts an intracoastal waterway
  • South Facing Home
  • Property is zoned RS-4

Parking

  • 1 Car Attached Garage
  • Driveway
  • Open Parking

Property Views

  • Intracoastal
  • Bay

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 2,225 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Fireplace
  • Sliding Windows
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Wood Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

  • Room in yard for a pool
  • Property has ocean access
  • Patio
  • Awning

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-42-05-002-0270

Community Details

Overview

  • No Home Owners Association
  • Riviera Add 01 02 Amd Subdivision

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,305

Year Built

Built in 1936

Lot Details

7,000 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1936
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Directions: MacArthur Causeway to Fountain Street, left on Palm Ave., right on N. Coconut Lane.
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: Riviera Add 01 02 Amd
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Other, Split Bedroom, Volume Ceilings, Florida Room
  • Spa Yn: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Wood
  • Furnished: Unfurnished
  • Possible Use: Unknown/Withheld
  • Window Features: High Impact Windows, Impact Glass, Sliding
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bedroom Ground Level
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Florida Room
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • Roof: Barrel Roof
  • View: Bay, Intracoastal View
  • Exterior Features: Room For Pool
  • Direction Faces: South
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Awning(s), Patio
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Ocean Access, Intracoastal Front, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Riviera Add 01 02 Amd
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Paved Road, Public Road, Security Patrol

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-42-05-002-0270
  • Lot Size Sq Ft: 7000
  • Zoning: RS-4
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 29305

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2023
Sold by
Bought by
Current Estimated Value
$10,213,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Outstanding Balance
$2,406,977
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$7,806,849

Purchase Details

Listed on
Jul 1, 2016
Closed on
Oct 13, 2017
Sold by
Bought by
Seller's Agent
Peter Chadwick
MMLS Assoc.-Inactive Member
Buyer's Agent
Arshan Borhan
Iconic Properties
List Price
$3,400,000
Sold Price
$2,700,000
Premium/Discount to List
-$700,000
-20.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.59%
Original Mortgage
$1,700,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
$2,700,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,500,000
Closed $2,500,000
Previous Owner $1,700,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/16/2017 10/16/17 Sold $2,700,000 -9.2% $1,213 / Sq Ft
09/16/2017 09/16/17 Price Changed $2,975,000 -7.0% $1,337 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
04/08/2017 04/08/17 Price Changed $3,200,000 -5.9% $1,438 / Sq Ft
03/03/2017 03/03/17 For Sale $3,400,000 0.0% $1,528 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
11/21/2016 11/21/16 Price Changed $3,400,000 0.0% $1,528 / Sq Ft
11/21/2016 11/21/16 For Sale $3,400,000 +25.9% $1,528 / Sq Ft
10/06/2016 10/06/16 Off Market $2,700,000 -- --
08/18/2016 08/18/16 Price Changed $3,450,000 -13.6% $1,551 / Sq Ft
06/30/2016 06/30/16 For Sale $3,995,000 -- $1,796 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $111,195 $5,809,671 -- --
2024 $52,667 $5,645,939 -- --
2023 $52,667 $2,673,475 $0 $0
2022 $50,919 $2,595,607 $0 $0
2021 $50,277 $2,556,301 $0 $0
2020 $52,338 $2,620,726 $2,520,007 $100,719
2019 $52,000 $2,620,726 $2,520,007 $100,719
2018 $51,581 $2,620,719 $2,520,000 $100,719
2017 $30,069 $1,483,203 $0 $0
2016 $29,449 $1,452,697 $0 $0
2015 $29,305 $1,442,599 $0 $0
2014 $33,176 $1,431,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10108923

MIAMI REALTORS® MLS

APN: 02-4205-002-0270

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