NOT LISTED FOR SALE

Estimated Value: $6,166,000 - $6,678,000

1.2 Acres
$5,351,667 Price per Acre
52,272 Sq Ft Lot

Last Sold January 22, 2021

Last sale price $8,200,000 $156 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $40,604/month

Highlights

  • Property has ocean access
  • Private Dock
  • Home fronts a canal
  • Sunset Elementary School Rated A
  • Gated Community
  • Cul-De-Sac

About This Lot

As of January 2021

Unique waterfront property located in the exclusive, guard gated community of Gables Estates. This 1.2 acre lot includes 202 feet of water frontage with direct access to Biscayne Bay.

Last Agent to Sell the Property

Corey Schwartz

Gravity Real Estate, LLC License #3095131 Listed on: 01/22/2021

Co-Listed By

Ashlee Hernandez

Gravity Real Estate, LLC License #3374173

Last Buyer's Agent

Matthew Elliott

The Corcoran Group License #3306817

The Corcoran Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $130,841

Lot Details

  • 1.2 Acre Lot
  • 202 Ft Wide Lot
  • Home fronts a canal
  • Cul-De-Sac
  • East Facing Home
  • Cleared Lot
  • Property is zoned 0100

Property Views

  • Canal Views

Location

  • Flood Zone Lot
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 03-41-32-019-0300

Community Details

Overview

  • Gables Estates No 2 Condos
  • Gables Estates No 2 Subdivision
  • Mandatory Home Owners Association

Security

  • Gated Community

Recreation

  • Property has ocean access
  • No Fixed Bridges
  • Private Dock

Property Details

Property Type

Land

Est. Annual Taxes

$130,841

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Co List Office Mls Id: ADVA02
  • Co List Office Phone: 305-444-7111
  • Horses: No
  • Inclusions: Private Dock
  • Lot Size Acres: 1.2
  • New Construction: No
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Structure Type: Residential
  • Subdivision Name: GABLES ESTATES NO 2
  • Special Features: None

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • View: Canal View
  • Direction Faces: East
  • Lot Features: City Location, Cul-De-Sac Location, Lot Located In A Flood Zone, 1 To Less Than 2 Acre Lot, Cleared
  • Other Structures: None
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front, No Fixed Bridges, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: GABLES ESTATES NO 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Utilities: Other Utilities Available, Other

Condo/Co-op/Association

  • Association: No
  • Community Features: Gated Community, Mandatory Hoa

Lot Info

  • Parcel Number: 03-41-32-019-0300
  • Additional Parcels: No
  • Current Use: Residential, Other Usage
  • Development Status: Other
  • Lot Size Sq Ft: 52502
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 130841

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2021
Closed on
Jan 7, 2021
Sold by
David And Ibelisse Llc
Bought by
20 Casuarina Llc
Seller's Agent
Corey Schwartz
Gravity Real Estate, LLC
Buyer's Agent
Matthew Elliott
The Corcoran Group
List Price
$8,200,000
Sold Price
$8,200,000
Current Estimated Value
$6,422,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,778,000
Avg. Annual Appreciation
-5.07%
Original Mortgage
$16,005,000
Outstanding Balance
$14,284,517
Interest Rate
2.71%
Mortgage Type
Commercial
Estimated Equity
-$7,862,517

Purchase Details

Listed on
Feb 17, 2017
Closed on
Aug 9, 2017
Sold by
Berrebi Daniel
Bought by
David And Ibelisse Llc
Seller's Agent
Jorge Uribe
One Sotheby's International Realty
Buyer's Agent
MAR NON-MEMBER
NO MLS PARTICIPATION (MAR)
List Price
$7,950,000
Sold Price
$7,550,000
Premium/Discount to List
-$400,000
-5.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.42%

Purchase Details

Listed on
Jul 15, 2016
Closed on
Sep 9, 2016
Sold by
Jeffrey E Lehrman Esq Trs
Bought by
Berrebi Daniel
Seller's Agent
Saddy Delgado
One Sotheby's International Realty
Buyer's Agent
Toni Schrager
Brown Harris Stevens
List Price
$7,900,000
Sold Price
$7,300,000
Premium/Discount to List
-$600,000
-7.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.35%

Purchase Details

Closed on
Oct 13, 2015
Sold by
Cascudo Jorge
Bought by
Reyes Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2010
Sold by
Casuarina 20 Llc
Bought by
Lehrman Jeffrey E

Purchase Details

Closed on
Oct 20, 2003
Sold by
Wackenhut George R and Wackenhut Ruth J
Bought by
Casuarina 20 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,750,000
Interest Rate
6.03%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
20 Casuarina Llc $8,200,000 Attorney
David And Ibelisse Llc $7,550,000 Attorney
Berrebi Daniel $6,550,000 --
Reyes Ramon $130,000 Attorney
Lehrman Jeffrey E $10,650,000 Transamerica Title Svcs Inc
Casuarina 20 Llc $10,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 20 Casuarina Llc $16,005,000
Previous Owner Reyes Ramon $91,000
Previous Owner Casuarina 20 Llc $6,750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/22/2021 01/22/21 Sold $8,200,000 0.0% $156 / Sq Ft
01/22/2021 01/22/21 For Sale $8,200,000 +8.6% $156 / Sq Ft
08/09/2017 08/09/17 Sold $7,550,000 -5.0% $144 / Sq Ft View Prior Sale
04/19/2017 04/19/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $7,950,000 +8.9% $151 / Sq Ft
10/25/2016 10/25/16 Sold $7,300,000 +11.5% $139 / Sq Ft View Prior Sale
09/12/2016 09/12/16 Sold $6,550,000 -17.1% $125 / Sq Ft View Prior Sale
07/15/2016 07/15/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $7,900,000 +9.7% $150 / Sq Ft
05/03/2016 05/03/16 Pending -- -- --
03/28/2016 03/28/16 For Sale $7,200,000 -- $137 / 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 $218,687 $9,230,329 -- --
2024 $211,614 $8,391,209 -- --
2023 $211,614 $7,628,372 $0 $0
2022 $126,886 $6,934,884 $6,930,264 $4,620
2021 $130,484 $6,934,884 $6,930,264 $4,620
2020 $130,841 $6,934,884 $6,930,264 $4,620
2019 $121,245 $6,409,864 $6,405,244 $4,620
2018 $118,418 $6,409,864 $6,405,244 $4,620
2017 $103,247 $5,517,330 $0 $0
2016 $104,222 $4,735,680 $0 $0
2015 $204,725 $9,421,146 $0 $0
2014 $181,327 $9,119,908 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10987478

MIAMI REALTORS® MLS

APN: 03-4132-019-0300