NOT LISTED FOR SALE

240 Edgewater Dr Coral Gables, FL 33133

Sunrise Point Neighborhood

Estimated Value: $4,441,000 - $9,292,000

3 Beds
3 Baths
3,298 Sq Ft
$2,082/Sq Ft Est. Value

Last Sold February 07, 2022

Last sale price $8,800,000 $2,668 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $46,772/month

37 Days on Market

Highlights

  • Property has ocean access
  • Concrete Pool
  • 62,291 Sq Ft lot
  • Coconut Grove Elementary School Rated A
  • Sitting Area In Primary Bedroom
  • 1-minute walk to Ingraham Park

About This Home

As of February 2022

Create a spectacular waterfront estate on 63,000 SF of land, ideally located on the Gables Waterway - with direct ocean access and no fixed bridges to Biscayne Bay. Extremely rare opportunity to own a magical, lush & ultra-private 1.5 acre property on prestigious Edgewater Drive. Enjoy walking or biking on the tree-canopied Commodore Trail into Coconut Grove's idyllic village with galleries, cafes, boutiques and marinas. Also, just a short drive down historic Old Cutler Road to Fairchild Tropical Botanic Garden & to the scenic, bayfront Matheson Hammock Park & Marina. Minutes to downtown Coral Gables and the city of South Miami's trendy shopping & dining venues.

Last Agent to Sell the Property

Riley Smith

Compass Florida, LLC License #3028618 Listed on: 12/27/2021

Compass Florida, LLC

Last Buyer's Agent

Dennis Carvajal

One Sotheby's International Realty License #3034699

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,750

Year Built

  • Built in 1956

Lot Details

  • 1.43 Acre Lot
  • 75 Ft Wide Lot
  • Home fronts a canal
  • North Facing Home
  • Property is zoned 0100

Parking

  • 2 Car Attached Garage
  • Circular Driveway
  • Open Parking

Home Design

  • Flat Tile Roof

Interior Spaces

  • 3,298 Sq Ft Home
  • 2-Story Property
  • Canal Views
  • Partial Storm Protection

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • 3 Full Bathrooms

Pool

  • Concrete Pool
  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Patio

Location

  • East of U.S. Route 1

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Baker Homestead Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-41-29-033-0010

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,750

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1956
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: BAKER HOMESTEAD
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: First Floor Entry, Other
  • Spa Yn: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 3298
  • Possible Use: Unknown/Withheld
  • Window Features: Partial Other Protection, Other Windows
  • Bedroom Features: At Least 1 Bedroom Ground Level, Sitting Area - Master Bedroom, Master Bedroom Upstairs
  • Dining Room Features: Other
  • Living Room Features: Other

Exterior Features

  • Roof: Flat Tile
  • View: Canal, Water
  • Direction Faces: North
  • Lot Features: 1 To Less Than 2 Acre Lot, East Of US 1
  • Patio And Porch Features: Patio, Screened Porch
  • Pool Features: In Ground, Concrete, Screen Enclosure
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front, No Fixed Bridges
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: BAKER HOMESTEAD
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 03-41-29-033-0010
  • Lot Size Sq Ft: 62291
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 52750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2021
Closed on
Feb 7, 2022
Sold by
Truist Bank Fbo Suntrust Bank Miami Fbo
Bought by
Jon Paul Perez 2018 Trust
Seller's Agent
Riley Smith
Compass Florida, LLC
Buyer's Agent
Dennis Carvajal
One Sotheby's International Realty
List Price
$8,100,000
Sold Price
$8,800,000
Premium/Discount to List
$700,000
8.64%
Current Estimated Value
$6,866,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,933,500
Avg. Annual Appreciation
-6.57%

Purchase Details

Closed on
Dec 4, 2001
Sold by
Aristi Tessaromatis I
Bought by
Tessaromatis Pericles
Source: Public Records

Range of Values:

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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
Jon Paul Perez 2018 Trust $8,800,000 Duane Morris Llp
Tessaromatis Pericles $1,800,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2022 02/07/22 Sold $8,800,000 +8.6% $2,668 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
12/27/2021 12/27/21 For Sale $8,100,000 -- $2,456 / 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 $124,420 $7,007,738 $7,007,738 --
2024 $134,469 $6,799,841 $6,799,841 --
2023 $134,469 $7,289,942 $6,799,841 $490,101
2022 $53,583 $2,966,227 $0 $0
2021 $54,383 $2,879,833 $0 $0
2020 $52,879 $2,840,072 $0 $0
2019 $51,807 $2,776,219 $0 $0
2018 $49,638 $2,724,455 $0 $0
2017 $49,234 $2,668,419 $0 $0
2016 $49,193 $2,613,535 $0 $0
2015 $49,781 $2,595,368 $0 $0
2014 $50,458 $2,574,770 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Riley Smith

    Seller's Agent in 2022

    Riley Smith

    Compass Florida, LLC

    (786) 550-6054

    9 in this area

    743 Total Sales

    Riley Smith
    Section Image
  • Dennis Carvajal

    Buyer's Agent in 2022

    Dennis Carvajal

    One Sotheby's International Realty

    (786) 295-4501

    6 in this area

    82 Total Sales

    Dennis Carvajal
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11140179

MIAMI REALTORS® MLS

APN: 03-4129-033-0010

Florida Miami/Dade County Coral Gables 33133 Sunrise Point

240 Edgewater Dr, Coral Gables, FL

This home is located at 240 Edgewater Dr, Coral Gables, FL 33133 since 27 December 2021 and is currently estimated at $6,866,500, approximately $2,082 per square foot. This property was built in 1956. 240 Edgewater Dr is a home located in Miami-Dade County with nearby schools including Coconut Grove Elementary School, Ponce de Leon Middle School, and Coral Gables Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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