NOT LISTED FOR SALE

38 Indian Creek Island Rd Indian Creek Village, FL 33154

Estimated Value: $4,533,000 - $30,751,352

8 Beds
12 Baths
9,709 Sq Ft
$1,817/Sq Ft Est. Value

Last Sold April 08, 2020

Last sale price $17,027,500 $1,754 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $130,556/month

55 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • 1 Bedroom Guest House
  • Ruth K. Broad Bay Harbor K-8 Center Rated A
  • Guest House
  • 3-minute walk to Hawthorne Tot Lot

About This Home

As of April 2020

Rebuilt and remodeled (2017) Estate on private Indian Creek Island, w/24hr police force & 18-hole championship golf course/club. Large 1.25 acre lot. Dubbed the "Billionaire Bunker" by Forbes, this 300-acre island has less than 40 home sites! 8BR, 12BA, elevator, office, huge gym (could be 9th BR) w/steam shower & water views. Huge dock w/lifts. New resort-style pool w/multiple entertainment areas. This magnificent home is the least expensive property (home or lot) available on Indian Creek Island. Reduced for a quick sale!

Last Agent to Sell the Property

Rafael Arias

One Sotheby's International Re License #0607359 Listed on: 02/01/2020

One Sotheby's International Re

Last Buyer's Agent

Rafael Arias

One Sotheby's International Re License #0607359 Listed on: 02/01/2020

One Sotheby's International Re

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $274,719

Year Built

  • Built in 2017

Lot Details

  • 1.23 Acre Lot
  • 118 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • Home fronts a canal
  • On Golf Course
  • West Facing Home
  • Property is zoned 0100

Parking

  • 4 Car Attached Garage
  • Automatic Garage Door Opener
  • Circular Driveway
  • Open Parking

Property Views

  • Bay
  • Golf Course

Home Design

  • Barrel Roof Shape
  • Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 9,709 Sq Ft Home
  • 2-Story Property
  • Furniture for Sale
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Drapes & Rods
  • Arched Windows
  • French Doors
  • Family Room
  • Formal Dining Room
  • Den
  • Storage Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Boat Lift
  • Private Dock
  • Balcony
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Additional Homes

  • Guest House
  • 1 Bedroom Guest House
  • One Bathroom Guest House

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Additional Features

  • Accessible Elevator Installed
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 21-22-34-002-0380

Community Details

Overview

  • No Home Owners Association
  • Indian Creek Golf Club Is Subdivision

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$274,719

Year Built

Built in 2017

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 2017
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Directions: Collins or Harding Ave to Surfside Blvd (91 St), then west to Indian Creek Island entrance gate. Access to the island is restricted to owners, club members, or their registered guests. Island access by appointment only.
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Private Dock,Unrestricted Salt Water Access
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: INDIAN CREEK GOLF CLUB IS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_GuestHouseDescription: 1 Bath, 1 Bedroom
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Cooking Island, Elevator, French Doors, Pantry, Vaulted Ceiling(s), Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Other, Storage, Utility Room/Laundry
  • Spa Yn: Yes
  • Full Bathrooms: 10
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Door Features: High Impact Doors, French Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Ceramic Floor, Marble, Tile, Wood
  • Furnished: Furniture For Sale, Unfurnished, Furniture Negotiable
  • Living Area: 9709
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Possible Use: Unknown/Withheld
  • Window Features: Arched Windows, Drapes, High Impact Windows
  • Bedroom Features: At Least 1 Bedroom Ground Level, Sitting Area - Master Bedroom, Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Guest House, Maid/In-Law Quarters, Other, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Barrel Roof, Curved/S-Tile Roof
  • View: Bay, Golf Course, Water
  • Exterior Features: Barbeque, Lighting, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Lot Features: 1 To Less Than 2 Acre Lot, East Of US 1, On Golf Course
  • Other Structures: Guest House
  • Patio And Porch Features: Open Balcony, Open Porch
  • Pool Features: In Ground, Pool/Spa Combo
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front, No Fixed Bridges
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: INDIAN CREEK GOLF CLUB IS
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Fire Alarm, Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Gated Community, Security Patrol

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 21-22-34-002-0380
  • Lot Size Sq Ft: 53696
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 274719

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2020
Closed on
Apr 8, 2020
Sold by
Pitino Richard A and Pitino Joanne M
Bought by
38 Ich Llc
Seller's Agent
Rafael Arias
One Sotheby's International Re
Buyer's Agent
Rafael Arias
One Sotheby's International Re
List Price
$21,495,000
Sold Price
$17,027,500
Premium/Discount to List
-$4,467,500
-20.78%
Current Estimated Value
$17,642,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$614,676
Avg. Annual Appreciation
0.86%

Purchase Details

Closed on
Jun 9, 2015
Sold by
Pitino Joanne M
Bought by
Pitino Joanne M

Purchase Details

Closed on
Sep 30, 2011
Sold by
Pitino Richard and Pitino Joanne
Bought by
Pitino Joanne M and The Joanne M Pitino Qualified Personal R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4.55%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 25, 2011
Sold by
Pitino Richard and Pitino Joanne
Bought by
Pitino Richard A and The Richard A Pitino Qualified Personal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4.55%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 16, 1999
Sold by
Felix and Cohen Patricia
Bought by
Pitino Richard and Pitino Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 1994
Sold by
Warren 3 Alexandra Inc
Bought by
Cohen Felix and Cohen Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
9.17%
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
38 Ich Llc $17,027,500 Attorney
Pitino Joanne M -- Attorney
Pitino Richard A -- Attorney
Pitino Joanne M -- Attorney
Pitino Richard A -- Attorney
Pitino Richard $5,400,000 --
Cohen Felix $1,350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pitino Richard A $3,000,000
Previous Owner Pitino Richard A $9,800,000
Previous Owner Pitino Richard A $3,000,000
Previous Owner Pitino Richard $0
Previous Owner Pitino Richard $4,000,000
Previous Owner Cohen Felix $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2020 04/08/20 Sold $17,027,500 -20.8% $1,754 / Sq Ft
02/01/2020 02/01/20 For Sale $21,495,000 -- $2,214 / 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
2024 $394,079 $17,844,128 -- --
2023 $394,079 $16,221,935 $0 $0
2022 $362,222 $14,747,214 $0 $0
2021 $294,640 $13,406,559 $10,739,200 $2,667,359
2020 $303,089 $15,038,554 $12,081,600 $2,956,954
2019 $286,166 $15,073,287 $12,081,600 $2,991,687
2018 $242,101 $13,990,656 $12,081,600 $1,909,056
2017 $222,955 $8,961,881 $0 $0
2016 $218,034 $8,147,165 $0 $0
2015 $208,650 $7,406,514 $0 $0
2014 -- $6,733,195 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rafael Arias

    One Sotheby's International Re

    (786) 543-7873

    10 Total Sales

    Rafael Arias
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10810412

MIAMI REALTORS® MLS

APN: 21-2234-002-0380

Florida Miami/Dade County Indian Creek Village 33154

38 Indian Creek Island Rd, Indian Creek Village, FL

This home is located at 38 Indian Creek Island Rd, Indian Creek Village, FL 33154 since 01 February 2020 and is currently estimated at $17,642,176, approximately $1,817 per square foot. This property was built in 2017. 38 Indian Creek Island Rd is a home located in Miami-Dade County with nearby schools including Ruth K. Broad Bay Harbor K-8 Center, Nautilus Middle School, and Miami Beach 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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