NOT LISTED FOR SALE

Estimated Value: $909,000 - $1,407,896

2 Beds
1 Bath
1,030 Sq Ft
$1,111/Sq Ft Est. Value

Last Sold September 13, 2024

Last sale price $1,700,000 $1,650 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $7,935/month

6 Days on Market

Highlights

  • No HOA
  • Views
  • Central Heating and Cooling System
  • Coconut Grove Elementary School Rated A
  • 1-Story Property
  • 5-minute walk to Elizabeth Virrick Park

About This Home

As of September 2024

The only available listing of its kind! Nestled in the heart of Coconut Grove, this exceptional 9,500 sqft parcel is a stellar development opportunity less than half a mile from the best Coconut Grove has to offer. Zoned for a duplex or single family home, this parcel provides versatile options for those looking to create their dream home or investment property. One of the highest elevations in all of Miami. No flood insurance required! The current residence requires significant TLC, making it an ideal canvas for renovation or redevelopment. Located near Coconut Grove's finest including parks, world class award winning dining, shopping, and entertainment, this property is a rare find. Don’t miss out on investing in Miami’s most sought-after neighborhood!

Last Agent to Sell the Property

Lindsey Lamchick

The Edit License #3263120 Listed on: 06/11/2024

Last Buyer's Agent

Lindsey Lamchick

The Edit License #3263120 Listed on: 06/11/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,426

Year Built

  • Built in 1952

Lot Details

  • 9,500 Sq Ft Lot
  • West Facing Home
  • Property is zoned 5700

Home Design

  • Shingle Roof

Interior Spaces

  • 1,030 Sq Ft Home
  • 1-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • On-Street Parking
  • Open Parking

Schools

  • Coconut Grove Elementary School
  • Ponce De Leon Middle School
  • Coral Gables High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Frow Homestead Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-21-007-0160

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,426

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1952
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story, Other
  • Directions: Situated at intersection of Elizabeth Street and Day Ave. Most convenient access points are at US-1 at 37th Ave and McDonald Street. Also accessible via 27th Ave at Day Ave. Half a mile NW of CocoWalk.
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: FROW HOMESTEAD
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • 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: 1
  • Total Bedrooms: 2
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 1030
  • Possible Use: Unknown/Withheld
  • Window Features: Other Windows
  • Bedroom Features: Other
  • Living Room Features: Other

Exterior Features

  • Roof: Shingle
  • View: Other
  • Exterior Features: Other
  • Direction Faces: West
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: FROW HOMESTEAD
  • Open Parking: Yes
  • Parking Features: Driveway, On Street

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

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Coconut Grove
  • High School: Coral Gables
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel Number: 01-41-21-007-0160
  • Lot Size Sq Ft: 9500
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 23426

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2024
Closed on
Sep 13, 2024
Sold by
Albury Arnold
Bought by
303 Miramar Lane Llc
Seller's Agent
Lindsey Lamchick
The Edit
Buyer's Agent
Lindsey Lamchick
The Edit
List Price
$1,300,000
Sold Price
$1,700,000
Premium/Discount to List
$400,000
30.77%
Views
8
Current Estimated Value
$1,143,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$556,026
Avg. Annual Appreciation
-29.57%
Original Mortgage
$2,020,000
Interest Rate
6.73%

Purchase Details

Closed on
Oct 14, 2023
Sold by
Mellerson Constance
Bought by
Mellerson Constance and Rhea Tangella

Purchase Details

Closed on
Sep 13, 2014
Sold by
Albury Arnold and Mellerson Constance
Bought by
303 Miramar Lane Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,020,000
Interest Rate
6.73%
Mortgage Type
Construction
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
303 Miramar Lane Llc -- None Listed On Document
Mellerson Constance -- None Listed On Document
303 Miramar Lane Llc $1,700,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 303 Miramar Lane Llc $2,020,000
Previous Owner 303 Miramar Lane Llc $2,020,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2024 09/13/24 Sold $1,700,000 +30.8% $1,650 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
06/11/2024 06/11/24 For Sale $1,300,000 -- $1,262 / 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 $23,015 $1,414,844 $1,330,000 $84,844
2024 $23,426 $1,129,882 $1,045,000 $84,882
2023 $23,426 $1,121,106 $1,045,000 $76,106
2022 $2,732 $156,603 $0 $0
2021 $2,713 $152,042 $0 $0
2020 $2,676 $149,943 $0 $0
2019 $2,609 $146,572 $0 $0
2018 $2,503 $143,840 $0 $0
2017 $2,470 $140,882 $0 $0
2016 $2,472 $137,985 $0 $0
2015 $2,494 $137,026 $0 $0
2014 $2,517 $135,939 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11604097

MIAMI REALTORS® MLS

APN: 01-4121-007-0160