NOT LISTED FOR SALE

Estimated Value: $6,203,000 - $14,090,803

8 Beds
8.5 Baths
6,658 Sq Ft
$1,524/Sq Ft Est. Value

Last Sold February 28, 2018

Last sale price $8,200,000 $1,232 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $70,475/month

200 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Boat Lift
  • North Beach Elementary School Rated A-
  • Private Dock
  • Property Fronts a Bay or Harbor

About This Home

As of February 2018

Beautiful Modern 8 bed 8 1/2 bath with stunning westerly Miami skyline and wide bay views. The home was recently renovated with luxurious interior design by Allen Saunders, spacious master suite with his/her dressing rooms, large living and dining areas with adjacent chef's kitchen. Lush terraces and outdoor seating summer kitchen, bar, cabana bath, infinity edge pool, hot tub and boat dock. Also available for rental, $45,000.00 monthly.

Last Agent to Sell the Property

Mirce Curkoski

One Sotheby's International Re License #3187828 Listed on: 03/02/2017

One Sotheby's International Re

Co-Listed By

Albert Justo

One Sotheby's International Re License #3070592

Last Buyer's Agent

Anthony Criscito

Douglas Elliman License #0693914

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,379

Year Built

  • Built in 2003

Lot Details

  • 10,500 Sq Ft Lot
  • 60 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Property is zoned RS-3

Parking

  • 2 Car Attached Garage
  • Driveway
  • Open Parking

Property Views

  • Ocean
  • Bay

Home Design

  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,658 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Boat Lift
  • Private Dock
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Club Membership Available
  • San Marino Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-32-003-0210

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,379

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Co List Office Mls Id: OSIR03
  • Co List Office Phone: 305-538-9711
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: San Marino Island
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Gas Range, Refrigerator, Washer
  • Interior Amenities: Bar, Built-in Features, Entrance Foyer, Pantry, Volume Ceilings, Walk-In Closet(s), Other
  • Spa Yn: Yes
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Entry Location: Foyer
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 6658
  • Possible Use: Unknown/Withheld
  • Window Features: Blinds
  • Bedroom Features: Sitting Area - Primary Bedroom
  • Dining Room Features: Breakfast Area, Dining/Living Room
  • Living Room Features: Other
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Flat Tile
  • View: Bay, Ocean
  • Exterior Features: Barbeque, Lighting
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: San Marino Island
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Other Membership Available

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-32-003-0210
  • Lot Size Sq Ft: 10500
  • Zoning: RS-3
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 48379

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2017
Closed on
Feb 24, 2018
Sold by
Kib I Llc
Bought by
314 W San Marino Llc
Seller's Agent
Mirce Curkoski
One Sotheby's International Re
Buyer's Agent
Anthony Criscito
Douglas Elliman
List Price
$8,950,000
Sold Price
$8,200,000
Premium/Discount to List
-$750,000
-8.38%
Current Estimated Value
$10,146,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,946,902
Avg. Annual Appreciation
3.16%
Original Mortgage
$7,000,000
Outstanding Balance
$5,978,753
Interest Rate
4.15%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$4,374,807

Purchase Details

Listed on
Jan 26, 2016
Closed on
Jun 10, 2016
Sold by
Hofeldt Margo Lee
Bought by
Kib 1 Llc
Seller's Agent
Julian Johnston
The Corcoran Group
Buyer's Agent
Julian Johnston
The Corcoran Group
List Price
$8,500,000
Sold Price
$6,600,000
Premium/Discount to List
-$1,900,000
-22.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.93%

Purchase Details

Closed on
Jul 28, 2011
Sold by
Hofeldt Margo Lee and Hofeldt Albert J
Bought by
Hofeldt Margo Lee

Purchase Details

Closed on
Jul 20, 2011
Sold by
Bessemer Trust Company Na
Bought by
Hofeldt Margo Lee

Purchase Details

Closed on
Nov 30, 2004
Sold by
Lee Lucile O and Hofeldt Margo Lee
Bought by
Hofeldt Margo Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,000
Interest Rate
3.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 6, 2003
Sold by
Jkmp Group Llc
Bought by
Cook William R and Cook Kim K

Purchase Details

Closed on
Mar 9, 2001
Sold by
Leon Dermer M and Leon Jenifer D
Bought by
Lee Lucile M Trust
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
314 W San Marino Llc $8,200,000 Clear Title Group
Kib 1 Llc $6,600,000 Clear Title Group Llc
Hofeldt Margo Lee -- Attorney
Hofeldt Margo Lee -- Attorney
Hofeldt Margo Lee -- Attorney
Hofeldt Margo Lee -- Attorney
Hofeldt Margo Lee $224,000 --
Bessemer Trust Co Na $672,000 --
Bessemer Trust Co Na $672,000 --
Bessemer Trust Co Na $672,000 --
Cook William R $3,440,000 --
Lee Lucile M Trust $1,375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 314 W San Marino Llc $4,000,000
Open 314 W San Marino Llc $7,000,000
Previous Owner Bessemer Trust Co Na $672,000
Previous Owner Hofeldt Margo Lee $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2018 02/28/18 Sold $8,200,000 -8.4% $1,232 / Sq Ft
09/19/2017 09/19/17 Pending -- -- --
03/02/2017 03/02/17 For Sale $8,950,000 +35.6% $1,344 / Sq Ft
08/08/2016 08/08/16 Sold $6,600,000 -16.5% $991 / Sq Ft
04/27/2016 04/27/16 Price Changed $7,900,000 +14.5% $1,187 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
04/26/2016 04/26/16 Price Changed $6,900,000 -12.7% $1,036 / Sq Ft
04/05/2016 04/05/16 Price Changed $7,900,000 -7.1% $1,187 / Sq Ft
01/26/2016 01/26/16 For Sale $8,500,000 -- $1,277 / 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 $182,256 $9,502,905 -- --
2024 $174,069 $8,639,005 -- --
2023 $174,069 $7,853,641 $0 $0
2022 $140,065 $7,139,674 $0 $0
2021 $125,321 $6,490,613 $4,200,000 $2,290,613
2020 $122,136 $6,308,813 $3,990,000 $2,318,813
2019 $126,393 $6,522,321 $3,990,000 $2,532,321
2018 $95,880 $5,098,870 $3,990,000 $1,108,870
2017 $109,744 $5,762,974 $0 $0
2016 $48,379 $2,531,219 $0 $0
2015 $49,000 $2,513,624 $0 $0
2014 $49,848 $2,493,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10234528

MIAMI REALTORS® MLS

APN: 02-3232-003-0210