$4,900,000
SOLD JAN 15, 2021
5 Beds
3.5 Baths
2,340 Sq Ft
8,736 Sq Ft Lot

Recently Sold

$2,094 Per Sq Ft

6% Below List Price

94 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Intracoastal View
  • South Pointe Elementary School Rated A-
  • Property Fronts a Bay or Harbor
  • 4-minute walk to Watson Island Park

About This Home

As of May 2025

One of a kind. The views you dream of having. Direct westerly exposure home for sale, sunset and downtown views without obstruction. Ready to move in. Ideal for investors and full time residents. Rare find having this exposure. Owner ready to make a fast sale.

Last Agent to Sell the Property

Daniel Sepe

COSMORE Florida Corp. License #0637510 Listed on: 08/29/2020

Last Buyer's Agent

Greg Mirmelli

Sterling Equity Realty LLC License #3350322

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $68,932

Year Built

  • Built in 1940

Lot Details

  • 8,736 Sq Ft Lot
  • 70 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Property is zoned 0100

Parking

  • 3 Attached Carport Spaces

Property Views

  • Intracoastal
  • Bay

Home Design

  • Tile Roof

Interior Spaces

  • 2,340 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Awning

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Maid or Guest Quarters

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Private Dock
  • Deck
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-05-002-0570

Community Details

Overview

  • Property has a Home Owners Association
  • Riviera 1St & 2Nd Addn Am Subdivision

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$68,932

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1940
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Carport Y N: Yes
  • Road Frontage Type: Bay
  • Garage Yn: No
  • Horses: No
  • Inclusions: Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: RIVIERA 1ST & 2ND ADDN AM
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal
  • Interior Amenities: First Floor Entry, Maid/In-Law Quarters
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Marble, Wood
  • Furnished: Furnished
  • Living Area: 2340
  • Possible Use: Investment
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Living Room Features: Maid/In-Law Quarters

Exterior Features

  • Roof: Curved/S-Tile Roof
  • View: Bay, Intracoastal View, Water
  • Exterior Features: Barbeque
  • Direction Faces: East
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Awning(s), Deck
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: RIVIERA 1ST & 2ND ADDN AM
  • Carport Spaces: 3
  • Covered Parking Spaces: 3
  • Parking Features: Attached Carport, Covered

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 Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Security Patrol
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 02-42-05-002-0570
  • Lot Size Sq Ft: 8736
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 68932

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2024
Closed on
May 20, 2025
Sold by
Mms 316 Coconut Llc
Bought by
316 South Coconut Lane Llc
Seller's Agent
Greg Mirmelli
Sterling Equity Realty LLC
Buyer's Agent
Amber Warren
Cervera Real Estate Inc.
List Price
$13,770,000
Sold Price
$8,910,000
Premium/Discount to List
-$4,860,000
-35.29%
Views
250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-77.58%

Purchase Details

Closed on
Jul 23, 2024
Sold by
Mirmelli Gregory
Bought by
Mms 316 Coconut Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2021
Sold by
Mms 316 Coconut Llc
Bought by
Mirmelli Gregory Lawrence

Purchase Details

Listed on
Aug 29, 2020
Closed on
Jan 15, 2021
Sold by
Bork International Llc
Bought by
Mms 316 Coconut Llc
Seller's Agent
Daniel Sepe
COSMORE Florida Corp.
Buyer's Agent
Greg Mirmelli
Sterling Equity Realty LLC
List Price
$5,200,000
Sold Price
$4,900,000
Premium/Discount to List
-$300,000
-5.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.87%
Original Mortgage
$2,500,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Nov 15, 2018
Closed on
Mar 28, 2019
Sold by
Sheddfi Fl5 Llc
Bought by
Bork International Llc
Seller's Agent
Gilda Molina
MMLS Assoc.-Inactive Member
Buyer's Agent
Daniel Sepe
COSMORE Florida Corp.
List Price
$4,195,000
Sold Price
$3,900,000
Premium/Discount to List
-$295,000
-7.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.52%
Original Mortgage
$2,695,000
Interest Rate
4.3%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 14, 2016
Sold by
Maino Walter
Bought by
Sheddfi Fl5 Llc

Purchase Details

Closed on
Jul 16, 2009
Sold by
Pereira Darcy G
Bought by
Maino Walter

Purchase Details

Closed on
Mar 29, 2004
Sold by
Pereira Darcy G
Bought by
Pereira Darcy G and Maino Walter

Purchase Details

Closed on
Sep 22, 1998
Sold by
Vestey Angela
Bought by
Pereira Darcy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
6.95%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $8,910,000 None Listed On Document
Special Warranty Deed $8,910,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed $2,695,000 Mirmelli Law Firm Pa
Warranty Deed $4,900,000 Attorney
Special Warranty Deed $3,900,000 Attorney
Warranty Deed $2,468,800 Attorney
Quit Claim Deed -- None Available
Interfamily Deed Transfer $260,000 --
Warranty Deed $690,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $6,000,000 New Conventional
Previous Owner $1,800,000 New Conventional
Previous Owner $2,500,000 Future Advance Clause Open End Mortgage
Previous Owner $2,940,000 Commercial
Previous Owner $2,340,000 Construction
Previous Owner $2,695,000 Construction
Previous Owner $2,000,000 Future Advance Clause Open End Mortgage
Previous Owner $1,140,000 Unknown
Previous Owner $552,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 Sold $8,910,000 -15.1% $3,808 / Sq Ft
02/25/2025 02/25/25 Price Changed $10,500,000 -10.8% $4,487 / Sq Ft
01/30/2025 01/30/25 Price Changed $11,770,000 +9.3% $5,030 / Sq Ft
01/24/2025 01/24/25 Price Changed $10,770,000 -12.9% $4,603 / Sq Ft
01/12/2025 01/12/25 Price Changed $12,360,000 -10.2% $5,282 / Sq Ft
10/06/2024 10/06/24 For Sale $13,770,000 +181.0% $5,885 / Sq Ft
01/15/2021 01/15/21 Sold $4,900,000 -5.8% $2,094 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
08/29/2020 08/29/20 For Sale $5,200,000 +33.3% $2,222 / Sq Ft
03/31/2019 03/31/19 Sold $3,900,000 -2.3% $1,618 / Sq Ft
01/13/2019 01/13/19 Price Changed $3,990,000 -4.9% $1,656 / Sq Ft
11/15/2018 11/15/18 For Sale $4,195,000 -- $1,741 / 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 $87,728 $7,235,625 $6,988,800 $246,825
2024 $85,698 $4,554,116 -- --
2023 $85,698 $4,421,472 $0 $0
2022 $82,806 $4,292,692 $4,062,240 $230,452
2021 $69,496 $3,475,482 $3,144,960 $330,522
2020 $66,205 $3,296,256 $3,144,960 $151,296
2019 $68,932 $3,433,731 $3,144,960 $288,771
2018 $66,918 $3,436,328 $3,144,960 $291,368
2017 $77,748 $3,945,615 $0 $0
2016 $27,560 $1,354,941 $0 $0
2015 $27,391 $1,345,523 $0 $0
2014 $27,929 $1,334,845 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10917107

MIAMI REALTORS® MLS

APN: 02-4205-002-0570