Seller's Agent in 2020
Saddy Delgado
One Sotheby's International Realty
(305) 632-4256
1 in this area
46 Total Sales
Estimated Value: $7,257,000 - $14,228,817
7
Beds
8.5
Baths
6,995
Sq Ft
$1,536/Sq Ft
Est. Value
Highlights
- Property has ocean access
- Private Dock
- Heated In Ground Pool
- South Pointe Elementary School Rated A-
- Property Fronts a Bay or Harbor
- 5-minute walk to Central Park
About This Home
As of November 2020This stunning gated WATERFRONT 2-story MODERN home+guest house on guard-gated Palm Island lies on an expansive 27,500 SF LOT w/100’of waterfront which overlooks Biscayne bay&the Miami skyline.Home offers 7 bed+7.5 bath,impact windows throughout,open spaces through the formal living rm&dining rm w/double height ceilings,updtd kitchen w/subzero&wolf appliances,3 beds w/ensuite bths,family room+views of the outside area which features a large edge pool+summer kitchen.Stairs to the master suite,w/private terrace.Separate 2 story guest home features 3 full beds w/ensuite baths as well as an additional room&laundry space.4 car grg+additional parking space inside.Palm Island has new landscape plan&features 24/7security,park,lighted tennis courts&more, the ideal location for a family!
Last Agent to Sell the Property
One Sotheby's International Realty License #0430423 Listed on: 09/14/2020
Last Buyer's Agent
Oren Alexander
MMLS Assoc.-Inactive Member License #3296414
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $163,033
Year Built
- Built in 2000
Lot Details
- 0.63 Acre Lot
- 100 Ft Wide Lot
- Property Fronts a Bay or Harbor
- North Facing Home
- Property is zoned 2200
Parking
- 4 Car Attached Garage
- Automatic Garage Door Opener
- Driveway
- Guest Parking
- Open Parking
Property Views
- Bay
- Pool
Home Design
- Flat Roof with Façade front
- Concrete Block And Stucco Construction
Interior Spaces
- 6,995 Sq Ft Home
- 2-Story Property
- Blinds
- Family or Dining Combination
- Den
- Storage Room
- Wood Flooring
Kitchen
- Built-In Oven
- Gas Range
- Microwave
- Dishwasher
- Cooking Island
- Snack Bar or Counter
Bedrooms and Bathrooms
- 7 Bedrooms
- Main Floor Bedroom
- Walk-In Closet
- Two Primary Bathrooms
- Maid or Guest Quarters
- In-Law or Guest Suite
- Dual Sinks
- Separate Shower in Primary Bathroom
Laundry
- Laundry in Utility Room
- Dryer
- Washer
Home Security
- High Impact Windows
- High Impact Door
Pool
- Heated In Ground Pool
- Outdoor Shower
Outdoor Features
- Property has ocean access
- Seawall
- Private Dock
- Exterior Lighting
- Outdoor Grill
- Porch
Schools
- South Pointe Elementary School
- Nautilus Middle School
- Miami Beach High School
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-42-05-001-0250
Community Details
Overview
- No Home Owners Association
- Palm Island Subdivision
Recreation
- Tennis Courts
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 14, 2020
Closed on
Nov 13, 2020
Sold by
Sharem Properties Llc
Bought by
Meyerson Joel J and Tamara Meyerson Revocable Trus
Seller's Agent
Saddy Delgado
One Sotheby's International Realty
Buyer's Agent
Oren Alexander
MMLS Assoc.-Inactive Member
List Price
$11,700,000
Sold Price
$10,650,000
Premium/Discount to List
-$1,050,000
-8.97%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,909
Avg. Annual Appreciation
1.62%
Original Mortgage
$6,390,000
Outstanding Balance
$5,695,212
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$5,806,664
Purchase Details
Closed on
Nov 27, 2006
Sold by
City National Bank Of Florida
Bought by
Sharem Properties Llc
Purchase Details
Closed on
Jan 21, 1998
Sold by
Jules and Trop Diane
Bought by
Madorski Martin and Richard Judith
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$671,250
Interest Rate
7.19%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Meyerson Joel J | $10,650,000 | Attorney | |
| Sharem Properties Llc | -- | Attorney | |
| Madorski Martin | $895,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Meyerson Joel J | $6,390,000 | |
| Previous Owner | City National Bank Of Florida | $4,977,000 | |
| Previous Owner | Madorski Martin | $670,000 | |
| Previous Owner | Madorski Martin | $50,314 | |
| Previous Owner | Madorski Martin | $671,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/13/2020 11/13/20 | Sold | $10,650,000 | -9.0% | $1,523 / Sq Ft |
| 09/14/2020 09/14/20 | For Sale | $11,700,000 | -- | $1,673 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $210,964 | $10,380,838 | -- | -- |
| 2024 | $202,188 | $9,437,126 | -- | -- |
| 2023 | $202,188 | $9,972,916 | $0 | $0 |
| 2022 | $180,983 | $9,066,288 | $0 | $0 |
| 2021 | $161,530 | $8,242,080 | $6,325,000 | $1,917,080 |
| 2020 | $162,416 | $8,265,893 | $6,325,000 | $1,940,893 |
| 2019 | $163,033 | $8,289,706 | $6,325,000 | $1,964,706 |
| 2018 | $158,629 | $8,313,517 | $6,325,000 | $1,988,517 |
| 2017 | $161,379 | $8,337,329 | $0 | $0 |
| 2016 | $155,340 | $7,609,254 | $0 | $0 |
| 2015 | $143,319 | $6,917,504 | $0 | $0 |
| 2014 | $131,117 | $6,288,640 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Saddy Delgado
-
O
Buyer's Agent in 2020
Oren Alexander
MMLS Assoc.-Inactive Member
Map
Source: MIAMI REALTORS® MLS
MLS Number: A10924358
APN: 02-4205-001-0250
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