NOT LISTED FOR SALE

Estimated Value: $8,536,000 - $36,228,620

8 Beds
13 Baths
13,668 Sq Ft
$1,638/Sq Ft Est. Value

Last Sold March 28, 2013

Last sale price $11,500,000 $841 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $139,554/month

468 Days on Market

Highlights

  • Direct Ocean View
  • Property has ocean access
  • Home Theater
  • Sunset Elementary School Rated A
  • Private Dock
  • Newly Remodeled

About This Home

As of March 2013

Inspired by France's majestic châteaux, this palatial waterfront estate achieves perfection in scale, detail & design w/more than $20M lavished on its construction. Grand salon, formal dining rm, ultra-chef's kitchen, bfast rm, media rm, library, wine cel lar, staff qtrs, gym, infinity pool & spa. Rich w/royal details, period European cabinetry, mantels & collectibles. Wide lagoon setting w/sweeping bay views, direct ocean access, 180ft seawall w/protected dock. Available furnished!

Last Agent to Sell the Property

Toni Schrager

Brown Harris Stevens License #0403145 Listed on: 10/12/2011

Brown Harris Stevens

Co-Listed By

Saddy Delgado

One Sotheby's International Realty License #0430423

Last Buyer's Agent

Lourdes Alatriste

Douglas Elliman License #0693485

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $256,720

Year Built

  • Built in 2009 | Newly Remodeled

Lot Details

  • 0.95 Acre Lot
  • 180 Ft Wide Lot
  • Home fronts a lagoon or estuary
  • North Facing Home
  • Property is zoned 14/S FM

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Attached Carport Spaces
  • Circular Driveway
  • Open Parking

Property Views

  • Direct Ocean
  • Lagoon

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 13,668 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Vaulted Ceiling
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den

Kitchen

  • Gas Range
  • Dishwasher
  • Cooking Island
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Studio bedroom
  • In-Law or Guest Suite

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • High Impact Windows
  • High Impact Door

Pool

  • Heated In Ground Pool
  • Pool Bathroom

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Seawall
  • Private Dock
  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 03-51-05-002-0150

Community Details

Overview

  • Club Membership Required
  • Gables Ests No 3,Gables Estates Subdivision
  • Mandatory home owners association

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$256,720

Year Built

Built in 2009 | Newly Remodeled

Lot Details

0

HOA Fees

$500 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2009
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock,Unrestricted Salt Water Access
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: GABLES ESTS NO 3,Gables Estates
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Washer
  • Interior Amenities: Built-in Features, Cooking Island, Elevator, Entrance Foyer, Volume Ceilings, Wet Bar, Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Media Room, Other, Utility Room/Laundry
  • Spa Yn: Yes
  • Full Bathrooms: 9
  • Half Bathrooms: 4
  • Total Bedrooms: 8
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 13668
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Window Features: High Impact Windows
  • Bedroom Features: Primary Bedroom Upstairs, At Least 1 Bedroom Ground Level, Studio
  • Dining Room Features: Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Media Room, Other, Utility Room/Laundry

Exterior Features

  • Roof: Barrel Roof
  • View: Lagoon, Direct Ocean
  • Exterior Features: Built-In Grill, Lighting, Open Balcony
  • Direction Faces: North
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Features: In Ground, Heated, Pool Bath
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Lagoon, No Fixed Bridges, Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: GABLES ESTS NO 3
  • Carport Spaces: 2
  • Covered Parking Spaces: 4
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Attached Carport, Circular Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Owned Burglar Alarm

Condo/Co-op/Association

  • Association Fee: 6000
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated Community, Mandatory Hoa, Security Patrol
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 03-51-05-002-0150
  • Lot Size Sq Ft: 41382
  • Zoning: 14/S FM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 256720

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2019
Sold by
Alibhai Gudelay
Bought by
Alibhai Karim
Current Estimated Value
$22,382,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,375,000
Outstanding Balance
$10,828,185
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$11,251,038

Purchase Details

Listed on
Oct 12, 2011
Closed on
Mar 26, 2013
Sold by
Camner Alfred R and Camner Anne S
Bought by
Alibhai Karim
Seller's Agent
Toni Schrager
Brown Harris Stevens
Buyer's Agent
Lourdes Alatriste
Douglas Elliman
List Price
$15,900,000
Sold Price
$11,500,000
Premium/Discount to List
-$4,400,000
-27.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$7,475,000
Interest Rate
1.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 10, 2003
Sold by
Lashar William L
Bought by
Camner Alfred R and Camner Anne S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Alibhai Karim -- Old Republic Natl Ttl Ins Co
Alibhai Karim $11,500,000 Attorney
Camner Alfred R $41,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alibhai Karim $5,000,000
Open Alibhai Karim $12,375,000
Closed Alibhai Karim $3,000,000
Closed Alibhai Karim $1,500,000
Closed Alibhai Karim $7,475,000
Previous Owner Camner Alfred R $2,200,000
Previous Owner Camner Alfred R $4,000,000
Previous Owner Camner Alfred R $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2013 03/28/13 Sold $11,500,000 -27.7% $841 / Sq Ft
01/23/2013 01/23/13 Pending -- -- --
10/12/2011 10/12/11 For Sale $15,900,000 -- $1,163 / 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 $205,182 $11,637,439 -- --
2024 $200,341 $11,309,465 -- --
2023 $200,341 $10,980,064 $0 $0
2022 $194,368 $10,660,257 $0 $0
2021 $189,519 $10,109,403 $0 $0
2020 $188,305 $9,969,826 $0 $0
2019 $183,646 $9,745,676 $0 $0
2018 $174,909 $9,504,718 $0 $0
2017 $173,515 $9,309,225 $0 $0
2016 $173,398 $9,117,753 $0 $0
2015 $175,476 $9,054,373 $0 $0
2014 $177,871 $8,982,513 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1561226

MIAMI REALTORS® MLS

APN: 03-5105-002-0150