Seller's Agent in 2021
Jill Eber
Coldwell Banker Realty
(305) 915-2556
6 in this area
137 Total Sales
Estimated Value: $7,465,000
1.03
Acres
$7,247,573
Price per Acre
44,867
Sq Ft Lot
Highlights
- Property has ocean access
- Private Dock
- 1.03 Acre Lot
- South Pointe Elementary School Rated A-
- Property Fronts a Bay or Harbor
- 4-minute walk to Central Park
About This Lot
As of August 2021A rare opportunity on the Estate section of guard-gated Palm Island with 150’ linear wide Biscayne Bay waterfront. The unique 45,000 SF waterfront property ready to build up to 22,500 SF home, with plenty of privacy. Existing dockage capable of accommodating large vessels. A true gem waiting to be rediscovered, with hard to find lighted Tennis Court & separate Guest House. Views facing North towards Star Island & Miami Beach. Enjoy all of Palm Island's amenities including tennis & basketball courts, playground and 24 hour police security, centrally located with easy access to all of Greater Miami’s main attractions. Owner willing to Develop & deliver a finished new construction home for an asking price of $34M.
Last Agent to Sell the Property
Coldwell Banker Realty License #0333469 Listed on: 03/01/2021
Property Details
Property Type
- Land
Est. Annual Taxes
- $220,428
Lot Details
- 1.03 Acre Lot
- Lot Dimensions are 150x300
- Property Fronts a Bay or Harbor
- East Facing Home
- Landscaped with Trees
- Property is zoned 2200
Additional Features
- Bay Views
- City Lot
Listing and Financial Details
- Assessor Parcel Number 02-42-05-001-0150
Community Details
Overview
- No Home Owners Association
- Palm Island Condos
- Palm Island Subdivision
Recreation
- Property has ocean access
- No Fixed Bridges
- Private Dock
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2021
Closed on
Aug 9, 2021
Sold by
Nestor Brenda Diana and Nestor Brenda Dian
Bought by
39 Palm Avenue Llc
Seller's Agent
Jill Eber
Coldwell Banker Realty
Buyer's Agent
Jill Eber
Coldwell Banker Realty
List Price
$25,000,000
Sold Price
$20,250,000
Premium/Discount to List
-$4,750,000
-19%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,785,000
Avg. Annual Appreciation
-19.20%
Purchase Details
Closed on
May 29, 2019
Sold by
Nestor Brenda and Castellano Robert S
Bought by
Rlt Nestor Brenda Diana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,300,000
Interest Rate
4.1%
Mortgage Type
Construction
Purchase Details
Closed on
Dec 12, 2005
Sold by
Palm Island One Llc
Bought by
Nestor Brenda
Purchase Details
Closed on
Sep 4, 2001
Sold by
Victor Posner I
Bought by
Palm Island One
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 39 Palm Avenue Llc | $20,250,000 | Attorney | |
| Rlt Nestor Brenda Diana | -- | Rtc Title Inc | |
| Nestor Brenda | -- | Weston Title & Escrow Inc | |
| Palm Island One | $100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Rlt Nestor Brenda Diana | $8,300,000 | |
| Previous Owner | Nestor Brenda | $2,500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2021 08/09/21 | Sold | $20,250,000 | -30.2% | $2,714 / Sq Ft |
| 04/26/2021 04/26/21 | Price Changed | $29,000,000 | +16.0% | $3,886 / Sq Ft |
| 02/25/2021 02/25/21 | For Sale | $25,000,000 | -- | $3,350 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $412,427 | $19,272,073 | -- | -- |
| 2024 | $347,164 | $19,813,487 | -- | -- |
| 2023 | $347,164 | $18,012,261 | $0 | $0 |
| 2022 | $310,595 | $16,374,783 | $13,500,000 | $2,874,783 |
| 2021 | $219,710 | $11,255,339 | $10,350,000 | $905,339 |
| 2020 | $220,428 | $11,262,464 | $10,350,000 | $912,464 |
| 2019 | $116,251 | $5,916,333 | $0 | $0 |
| 2018 | $110,706 | $5,806,019 | $0 | $0 |
| 2017 | $110,124 | $5,686,601 | $0 | $0 |
| 2016 | $109,428 | $5,569,639 | $0 | $0 |
| 2015 | $110,314 | $5,530,923 | $0 | $0 |
| 2014 | $112,290 | $5,487,027 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jill Eber
-
Jill Hertzberg
Seller Co-Listing Agent in 2021
Jill Hertzberg
Coldwell Banker Realty
(305) 788-5455
8 in this area
179 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11006412
APN: 02-4205-001-0150
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