NOT LISTED FOR SALE

Estimated Value: $2,737,000 - $4,646,000

2.63 Acres
$1,403,612 Price per Acre
114,563 Sq Ft Lot

Last Sold January 31, 2020

Last sale price $2,450,000

Est. 51% increase in value since last sale

Current estimated payment $20,114/month

297 Days on Market

Highlights

  • 2.63 Acre Lot
  • Home fronts a canal
  • Cul-De-Sac
  • Phyllis R. Miller Elementary School Rated 9+

About This Lot

As of January 2020

PRICE REDUCTION in OPPORTUNITY ZONE: ** Little River Plaza is one of the largest buildable lots left in the City of Miami. It is located in the Little River Opportunity Zone, bound to the north by El Portal, 2 blocks west of Biscayne Boulevard and 1 mile from I-95.

It is located in one of Miami’s oldest residential neighborhoods and with easy access to and from Miami Beach.

The T-3-O zoning allows up to 47 units on the lot’s 2.63 acres. There have been talks of a Tri-Rail Coastal Link station one block south of the subject property.

Listed at $2.45MM, it breaks down to $21.39 per square foot and $52,127 per buildable unit.

Last Agent to Sell the Property

George Traikos

George Traikos License #3015333 Listed on: 03/09/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,034

Lot Details

  • 2.63 Acre Lot
  • Lot Dimensions are 140x600
  • Home fronts a canal
  • Cul-De-Sac
  • Property is zoned 5700

Additional Features

  • Canal Views
  • City Lot

Community Details

  • Tuttles Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-32-07-020-0310

Property Details

Property Type

Land

Est. Annual Taxes

$1,034

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Residential
  • Property Sub Type Additional: Residential
  • Directions: From I-95, exit on 79th St, go E to NE 2nd Ave, left to 82nd Ter, right to end of the street. Lot is on your left. From Biscayne, W to NE 3rd Pl, go right to 82nd Ter then right again. Lot is on your left.
  • Ownership: Partnership
  • Special Features: VirtualTour

Exterior Features

  • View: Canal
  • Lot Features: Cul-De-Sac, City Lot
  • Waterfront Features: Canal Front, Other
  • Waterfront: Yes
  • Disclosures: Owner Is Listing Agent

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Trash Collection, Water Available
  • Water Source: Public

Lot Info

  • Parcel #: 01-32-07-020-0310
  • Current Use: Multi-Family
  • Lot Size Acres: 2.63
  • Lot Size: 140x600
  • Lot Size Sq Ft: 114563.0
  • Number Of Lots: 1
  • Zoning Description: 5700
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1034.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2019
Closed on
Jan 31, 2020
Sold by
Littic River Plaza Llc
Bought by
Pelican Harbor Seabird Station Inc
Seller's Agent
George Traikos
George Traikos
List Price
$3,100,000
Sold Price
$2,450,000
Premium/Discount to List
-$650,000
-20.97%
Current Estimated Value
$3,691,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,241,500
Avg. Annual Appreciation
7.62%
Original Mortgage
$550,000
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 5, 2006
Sold by
Traikos Katia T
Bought by
Little River Plaza Llc

Purchase Details

Closed on
Sep 8, 2003
Sold by
Afrc Realty Corp
Bought by
Traikos Katia

Purchase Details

Closed on
Jun 1, 1995
Sold by
State Of Florida/Miami Dade County
Bought by
Tralkos Katia T G
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pelican Harbor Seabird Station Inc $2,450,000 Old Republic Natl Ttl Ins Co
Little River Plaza Llc -- Certified Title
Traikos Katia -- --
Tralkos Katia T G $81,756 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pelican Harbor Seabird Station $2,000,000
Open Pelican Harbor Seabird Station $7,520,000
Closed Pelican Harbor Seabird Station $1,580,400
Closed Pelican Harbor Seabird Station Inc $550,000
Closed Pelican Harbor Seabird Station Inc $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $2,450,000 -21.0% --
01/01/2020 01/01/20 Pending -- -- --
03/09/2019 03/09/19 For Sale $3,100,000 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

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 -- $183,064 -- --
2024 -- $166,422 -- --
2023 $0 $152,482 $0 $0
2022 $0 $138,620 $0 $0
2021 $0 $126,019 $126,019 $0
2020 $1,348 $134,039 $134,039 $0
2019 $1,156 $111,699 $111,699 $0
2018 $1,077 $111,699 $111,699 $0
2017 $1,076 $20,792 $0 $0
2016 $1,092 $18,902 $0 $0
2015 $382 $17,184 $0 $0
2014 $369 $15,752 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10165482

BeachesMLS (Greater Fort Lauderdale)

APN: 01-3207-020-0310