Seller's Agent in 2024
Liz Hogan
Compass Florida, LLC
(305) 804-9700
8 in this area
278 Total Sales
Estimated Value: $8,285,000 - $46,356,730
8
Beds
13
Baths
14,930
Sq Ft
$1,830/Sq Ft
Est. Value
Highlights
- Ocean View
- Property has ocean access
- Guest House
- South Pointe Elementary School Rated 9+
- Private Dock
- 4-minute walk to Central Park
About This Home
As of May 2024Discover this exquisite waterfront new construction masterpiece, designed by renowned Tropical Modern architect, Cesar Molina. The interior features are truly exceptional, with Mia Cucina cabinetry, Wolf + Subzero appliances, state-of-the-art home theatre, gym with steam & sauna. The primary bedroom has a private patio with pool, and an incredibly large closet incl. wet bar. A rare full size rooftop terrace with elevator access is perfect for unforgettable day and nighttime gatherings overlooking the beautiful Miami Skyline. 4 car electric garage with detached upstairs guest house. A private boat dock with 100 ft of water frontage provides a gateway to the open ocean. With its flawless craftsmanship, unrivaled amenities, & idyllic setting, this waterfront estate transcends the ordinary.
Last Agent to Sell the Property
Compass Florida, LLC License #3045004 Listed on: 11/27/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $164,952
Year Built
- Built in 2023 | New Construction
Lot Details
- 32,000 Sq Ft Lot
- 100 Ft Wide Lot
- Home fronts navigable water
- Property fronts an intracoastal waterway
- Property Fronts a Bay or Harbor
- Northeast Facing Home
- Fenced
- Property is zoned 2200
Parking
- 4 Car Garage
- Electric Vehicle Home Charger
- Driveway
- Open Parking
Property Views
- Ocean
- Intracoastal
- Bay
Home Design
- Concrete Roof
Interior Spaces
- 14,930 Sq Ft Home
- 2-Story Property
- Wet Bar
- Furniture for Sale
- Built-In Features
- Bar
- Vaulted Ceiling
- Fireplace
- Family Room
- Formal Dining Room
- Media Room
- Den
- Sauna
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Gas Range
- Microwave
- Dishwasher
- Cooking Island
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- Main Floor Bedroom
- Closet Cabinetry
- Walk-In Closet
- Maid or Guest Quarters
- In-Law or Guest Suite
- Bidet
- Dual Sinks
- Separate Shower in Primary Bathroom
Laundry
- Laundry in Utility Room
- Dryer
- Washer
Home Security
- High Impact Windows
- High Impact Door
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- In Ground Pool
- Property has ocean access
- Private Dock
- Balcony
- Deck
- Exterior Lighting
- Outdoor Grill
Additional Homes
- Guest House
- 1 Bedroom Guest House
- One Bathroom Guest House
- Guest House Includes Kitchen
Schools
- South Pointe Elementary School
- Nautilus Middle School
- Miami Beach High School
Utilities
- Central Heating and Cooling System
- Whole House Permanent Generator
- Well
Listing and Financial Details
- Assessor Parcel Number 02-42-05-001-0270
Community Details
Overview
- Property has a Home Owners Association
- Voluntary home owners association
- Palm Island Subdivision
Security
- Security Service
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 25, 2025
Sold by
Mi 8787 Llc
Bought by
40 Palm Llc
Current Estimated Value
Purchase Details
Listed on
Nov 27, 2023
Closed on
May 8, 2024
Sold by
Fk Florida Investments Llc
Bought by
Mi 8787 Llc
Seller's Agent
Liz Hogan
Compass Florida, LLC
Buyer's Agent
Matthew Dugow
Compass Florida, LLC
List Price
$48,500,000
Sold Price
$40,000,000
Premium/Discount to List
-$8,500,000
-17.53%
Views
714
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.76%
Purchase Details
Listed on
Sep 21, 2012
Closed on
Dec 28, 2012
Sold by
40 Palm Ave Llc
Bought by
Fk Florida Investments Llc
Seller's Agent
Irving Padron
Engel & Voelkers
Buyer's Agent
Dora Puig
MMLS Assoc.-Inactive Member
List Price
$5,900,000
Sold Price
$5,400,000
Premium/Discount to List
-$500,000
-8.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.28%
Purchase Details
Closed on
May 25, 2007
Sold by
Dunmore Jeremy and Dunmore Sidney
Bought by
40 Palm Avenue Llc
Purchase Details
Closed on
Aug 5, 2004
Sold by
Esi S A
Bought by
Dunmore Sidney and Dunmore Jeremy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 20, 1994
Sold by
Solomon Max and Solomon Judith F
Bought by
E S I
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 40 Palm Llc | $45,000,000 | None Listed On Document | |
| Mi 8787 Llc | $37,960,000 | None Listed On Document | |
| Fk Florida Investments Llc | $5,400,000 | Attorney | |
| 40 Palm Avenue Llc | $4,000,000 | Attorney | |
| Dunmore Sidney | $3,650,000 | -- | |
| E S I | $850,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Dunmore Sidney | $2,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2024 05/08/24 | Sold | $40,000,000 | -17.5% | $2,679 / Sq Ft | |
| 11/27/2023 11/27/23 | For Sale | $48,500,000 | +798.1% | $3,248 / Sq Ft | |
| 12/31/2012 12/31/12 | Sold | $5,400,000 | -8.5% | $1,636 / Sq Ft | View Prior Sale |
| 12/10/2012 12/10/12 | Pending | -- | -- | -- | |
| 09/25/2012 09/25/12 | For Sale | $5,900,000 | -- | $1,788 / Sq Ft |
Source: MIAMI REALTORS® MLS
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 | $303,585 | $28,955,560 | $19,200,000 | $9,755,560 |
| 2024 | $186,581 | $16,757,820 | -- | -- |
| 2023 | $186,581 | $8,905,600 | $0 | $0 |
| 2022 | $164,952 | $8,096,000 | $0 | $0 |
| 2021 | $144,499 | $7,360,000 | $7,360,000 | $0 |
| 2020 | $144,878 | $7,360,000 | $7,360,000 | $0 |
| 2019 | $145,017 | $7,360,000 | $7,360,000 | $0 |
| 2018 | $134,284 | $7,360,000 | $7,360,000 | $0 |
| 2017 | $128,885 | $6,207,784 | $0 | $0 |
| 2016 | $124,218 | $5,643,440 | $0 | $0 |
| 2015 | $112,843 | $5,130,400 | $0 | $0 |
| 2014 | $100,531 | $4,664,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Liz Hogan
-
Matthew Dugow
Buyer's Agent in 2024
Matthew Dugow
Compass Florida, LLC
(305) 400-9507
1 in this area
60 Total Sales
-
Irving Padron
Seller's Agent in 2012
Irving Padron
Engel & Voelkers
(305) 444-9500
3 Total Sales
-
M
Seller Co-Listing Agent in 2012
Marnette Wegmann
Wegmann Real Estate LLC
-
D
Buyer's Agent in 2012
Dora Puig
MMLS Assoc.-Inactive Member
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11476859
APN: 02-4205-001-0270
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