NOT LISTED FOR SALE

3031 Prairie Ave Miami Beach, FL 33140

Bayshore Neighborhood

Estimated Value: $5,521,500

306 Acres
$18,044 Price per Acre
13,329,360 Sq Ft Lot

Last Sold February 03, 2021

Last sale price $1,300,000 $586 Per Sq Ft

Est. 325% increase in value since last sale

Current estimated payment $32,560/month

26 Days on Market

Highlights

  • 306 Acre Lot
  • No HOA
  • Landscaped with Trees
  • North Beach Elementary School Rated A-

About This Lot

As of February 2021

VACANT LAND OPPORTUNITY ON PRAIRIE AVENUE. LOT SIZE 13,360 SQFT (80’ X 167’). PRICE INCLUDES FULLY APPROVED PLANS FOR A NEW 5,444 SQFT (UNDER A/C) TRANSITIONAL HOME DESIGNED BY THE WEBER STUDIO AND INTERIOR DESIGN BY JAMES DUNCAN. HOME WILL FEATURE 7 BEDROOMS, 7 FULL BATHROOMS, 2 HALF-BATHROOMS, OUTDOOR KITCHEN UNDER COVERED TERRACE WITH BBQ + PIZZA OVEN. MASTER SUITE WITH HIS + HER WINGS WITH PRIVATE STAIRCASE, DUMBWAITER, LAUNDRY CHUTE, FIREPLACE, CHEF’S KITCHEN, BAR, SUNDECK, HERB GARDEN, HEATED SWIMMING POOL WITH SPILLOVER EDGE, SPA + 2-CAR GARAGE.

Last Agent to Sell the Property

David Solomon

BHHS EWM Realty License #3185025 Listed on: 11/06/2020

BHHS EWM Realty

Co-Listed By

David Miller

BHHS EWM Realty License #3357331

Last Buyer's Agent

Menachem Fellig

Compass Florida, LLC License #3291623

Compass Florida, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,370

Lot Details

  • 306 Acre Lot
  • Lot Dimensions are 80x167
  • West Facing Home
  • Landscaped with Trees
  • Property is zoned 0100

Community Details

  • No Home Owners Association
  • Orchard Sub No 1 Condos
  • Orchard Sub No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-27-001-0230

Property Details

Property Type

Land

Est. Annual Taxes

$20,370

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Co List Office Mls Id: EWM 04
  • Co List Office Phone: 305-674-4000
  • Horses: No
  • Lot Size Acres: 306
  • Lot Size: 80x167
  • New Construction: No
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Structure Type: Residential
  • Subdivision Name: ORCHARD SUB NO 1
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • Direction Faces: West
  • Lot Features: Other Location, Other Soil Type, 1/4 To Less Than 1/2 Acre Lot, Other
  • Other Structures: None
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: ORCHARD SUB NO 1

Utilities

  • Sewer: Public Sewer
  • Utilities: Other Utilities Available, Other

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-32-27-001-0230
  • Additional Parcels: No
  • Current Use: Residential, Other Usage
  • Development Status: Other
  • Lot Size Sq Ft: 13360
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 20370

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Feb 3, 2021
Sold by
Miller David N
Bought by
Westreich Adam J and Westreich Dayna Y
Seller's Agent
David Solomon
BHHS EWM Realty
Buyer's Agent
Menachem Fellig
Compass Florida, LLC
List Price
$1,800,000
Sold Price
$1,300,000
Premium/Discount to List
-$500,000
-27.78%
Current Estimated Value
$5,521,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,221,500
Original Mortgage
$700,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 6, 2017
Closed on
Oct 22, 2018
Sold by
Borkan Burton
Bought by
Miller David N
Seller's Agent
Randy Rose
Rose And Rose Rlty, P.A.
Buyer's Agent
Esther Percal
BHHS EWM Realty
List Price
$1,295,000
Sold Price
$1,000,000
Premium/Discount to List
-$295,000
-22.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.25%

Purchase Details

Listed on
Nov 6, 2017
Closed on
Sep 24, 2018
Sold by
Borkan Cicienne
Bought by
Borkan Burton
Seller's Agent
Randy Rose
Rose And Rose Rlty, P.A.
Buyer's Agent
Esther Percal
BHHS EWM Realty
List Price
$1,295,000
Sold Price
$1,000,000
Premium/Discount to List
-$295,000
-22.78%

Purchase Details

Closed on
Jun 14, 2016
Sold by
Borkan Jennie
Bought by
Borkan Jennie

Purchase Details

Closed on
Jun 10, 2016
Sold by
Borkan Vivienne
Bought by
Jennie Borkan Declaration Trust

Purchase Details

Closed on
Jun 25, 2012
Sold by
Borkan Jennie
Bought by
Borkan Jennie and Borkan William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2003
Sold by
Borkan Jenny
Bought by
Borkan Jenny

Purchase Details

Closed on
Jun 27, 2003
Sold by
Borkan Bill and Borkan Burt
Bought by
Borkan Jennie
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
Westreich Adam J $1,300,000 Attorney
Miller David N $1,000,000 Attorney
Borkan Burton -- Attorney
Borkan Jennie -- Attorney
Jennie Borkan Declaration Trust -- Attorney
Borkan Jennie -- None Available
Borkan Jenny -- --
Borkan Jenny -- --
Borkan Jennie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Westreich Adam J $700,000
Previous Owner Borkan Jennie $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/03/2021 02/03/21 Sold $1,300,000 -27.8% $586 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $1,800,000 +80.0% $812 / Sq Ft
10/30/2018 10/30/18 Sold $1,000,000 -16.3% $451 / Sq Ft View Prior Sale
05/02/2018 05/02/18 Price Changed $1,195,000 -7.7% $539 / Sq Ft
11/06/2017 11/06/17 For Sale $1,295,000 -- $584 / 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 $43,905 $7,221,325 -- --
2024 $40,121 $1,687,813 -- --
2023 $40,121 $1,534,376 $0 $0
2022 $26,209 $1,622,299 $1,393,848 $228,451
2021 $20,281 $1,091,338 $962,192 $129,146
2020 $20,344 $1,091,636 $962,192 $129,444
2019 $20,370 $1,091,935 $962,192 $129,743
2018 $0 $643,806 $0 $0
2017 $0 $630,565 $0 $0
2016 -- $617,596 $0 $0
2015 -- $613,303 $0 $0
2014 -- $608,436 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Solomon

    Seller's Agent in 2021

    David Solomon

    BHHS EWM Realty

    (847) 414-6259

    7 in this area

    30 Total Sales

    David Solomon
    Section Image

  • D

    Seller Co-Listing Agent in 2021

    David Miller

    BHHS EWM Realty

    (305) 205-2487

    1 in this area

    1 Total Sale

    David Miller
    Section Image
  • Menachem Fellig

    Buyer's Agent in 2021

    Menachem Fellig

    Compass Florida, LLC

    (305) 632-8803

    26 in this area

    152 Total Sales

    Menachem Fellig
    Section Image
  • Randy Rose

    Seller's Agent in 2018

    Randy Rose

    Rose And Rose Rlty, P.A.

    (305) 335-8428

    36 Total Sales

    Randy Rose
    Section Image
  • Jeffrey Rose

    Seller Co-Listing Agent in 2018

    Jeffrey Rose

    Rose And Rose Rlty, P.A.

    (305) 733-2485

    20 Total Sales

    Jeffrey Rose
    Section Image
  • Esther Percal

    Buyer's Agent in 2018

    Esther Percal

    BHHS EWM Realty

    (305) 674-4022

    9 in this area

    108 Total Sales

    Esther Percal
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10954194

MIAMI REALTORS® MLS

APN: 02-3227-001-0230

Florida Miami/Dade County Miami Beach 33140 Bayshore

3031 Prairie Ave, Miami Beach, FL

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