$25,500,000
SOLD APR 22, 2019
9 Beds
12 Baths
18,963 Sq Ft
1.24 Acres

Recently Sold

$1,345 Per Sq Ft

62% Below List Price

38 Days on Market

Highlights

  • Direct Ocean View
  • Property has ocean access
  • Property Fronts a Bay or Harbor
  • Sunset Elementary School Rated A
  • Deeded Boat Dock
  • Home Theater

About This Home

As of April 2019

Auction. Bid 3/19-3/22. Currently $68M. Selling without reserve. Showings Daily 1-4PM EST by Appointment. Preview Event 2/26 4-7 PM EST. Beyond the contemporary gates rests a waterfront oasis, a playground of sun-filled days and glamorous nights. Imagine glittering formal galas spilling from the magnificent chandelier-lit foyer to the sleek interior bar and beyond to expansive waterfront terraces overlooking Biscayne Bay to the Atlantic Ocean. At the point of the estate with water on two sides, 41 Arvida Parkway is a stunning location upon which to host magnificent sunset alfresco cocktails and poolside soirées beside Estudio Arqué designed pool. Surrounded by 574 feet of water with a private dock on a canal nearest Biscayne Bay, the largest of yachts may be at sea in only minutes.

Last Agent to Sell the Property

Marc hameroff

Engel & Voelkers Delray Beach License #3297430 Listed on: 02/08/2019

Engel & Voelkers Delray Beach

Co-Listed By

Lourdes Alatriste

Douglas Elliman License #0693485

Last Buyer's Agent

Jill Hertzberg

Coldwell Banker Realty License #0551544

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $192,590

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 1.24 Acre Lot
  • 574 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • Home fronts a canal
  • East Facing Home
  • Fenced
  • Property is zoned 0100

HOA Fees

  • $500 Monthly HOA Fees

Parking

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

Property Views

  • Direct Ocean
  • Bay

Home Design

  • Substantially Remodeled
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 18,963 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Furnished
  • Built-In Features
  • Vaulted Ceiling
  • Drapes & Rods
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Recreation Room

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Gas Range
  • Dishwasher

Flooring

  • Parquet
  • Marble

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Home Security

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

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Heated In Ground Pool
  • Property has ocean access
  • Deeded Boat Dock
  • Balcony
  • Deck
  • Exterior Lighting
  • Cottage Room
  • Porch

Schools

  • Sunset Elementary School

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 03-51-05-002-0650

Community Details

Overview

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

Amenities

  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$192,590

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$500 per month

Parking

5

Listing Details

  • Property Type: Residential
  • Year Built: 2017
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Co List Office Mls Id: ENGV01
  • Co List Office Phone: 305-443-2424
  • Directions: 41 Arvida Parkway, Coral Gables, Florida - Gables Estates AUCTION. Bid 3/19-3/22. Currently $68M. Selling without reserve. Showings Daily 1PM-4PM EST by Appointment. Preview Event 2/26 4-7 PM EST.
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Dock,Dock Available,Private Dock,Unrestricted Salt Water Access, Electric Available,Exclusive Use
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: GABLES ESTATES NO 3,GABLES ESTATES
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: 4160

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Gas Range, Self Cleaning Oven, Washer
  • Interior Amenities: First Floor Entry, Bar, Built-in Features, Closet Cabinetry, Elevator, Volume Ceilings, Walk-In Closet(s), Wet Bar, Cottage, Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Media Room, Recreation Room
  • Spa Yn: Yes
  • Full Bathrooms: 9
  • Half Bathrooms: 3
  • Total Bedrooms: 9
  • Door Features: High Impact Doors
  • Flooring: Marble, Parquet
  • Furnished: Furnished, Unfurnished, Turn Key Furnished
  • Living Area: 18963
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Possible Use: Unknown/Withheld
  • Window Features: Drapes, High Impact Windows
  • Bedroom Features: Sitting Area - Primary Bedroom, Primary Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Formal Dining
  • Living Room Features: Cottage, Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Media Room, Recreation Room

Exterior Features

  • Roof: Concrete, Other
  • View: Bay, Direct Ocean
  • Exterior Features: Lighting, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: 1 To Less Than 2 Acre Lot
  • Patio And Porch Features: Deck, Open Balcony, Open Porch
  • Pool Features: In Ground, Heated
  • Pool Private: No
  • Property Condition: Substantially Remodeled, New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: GABLES ESTATES NO 3
  • Covered Parking Spaces: 5
  • Garage Spaces: 5
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Covered, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Alarm

Condo/Co-op/Association

  • Association Fee: 6000
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Clubhouse, Mandatory Hoa, Private Membership Available
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Sunset

Lot Info

  • Parcel Number: 03-51-05-002-0650
  • Lot Size Sq Ft: 54014
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 192590

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2019
Closed on
Apr 22, 2019
Sold by
Icb Properties Of Miami Llc
Bought by
Lempera Steven
Seller's Agent
Marc hameroff
Engel & Voelkers Delray Beach
Buyer's Agent
Jill Hertzberg
Coldwell Banker Realty
List Price
$68,000,000
Sold Price
$25,500,000
Premium/Discount to List
-$42,500,000
-62.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%

Purchase Details

Listed on
Mar 28, 2012
Closed on
Jul 22, 2012
Sold by
Water Edge Investments
Bought by
Icb Properties Of Miami Llc
Seller's Agent
Audrey Ross, Ph.D
Compass Florida LLC
Buyer's Agent
Dora Puig
MMLS Assoc.-Inactive Member
List Price
$27,000,000
Sold Price
$25,000,000
Premium/Discount to List
-$2,000,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.29%

Purchase Details

Closed on
Feb 6, 2004
Sold by
Holtz Daniel and Holtz Toni
Bought by
Water Edge Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,400,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 23, 2002
Sold by
Matthew C Hudson M and Matthew Pamela M
Bought by
Holtz Daniel and Holtz Toni

Purchase Details

Closed on
Jun 17, 1999
Sold by
Schwartz Eric J and Schwartz Barbara A
Bought by
Hudson Matthew C

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
7.04%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $25,500,000 Attorney
Warranty Deed $250,000 Attorney
Warranty Deed $7,000,000 --
Quit Claim Deed -- --
Warranty Deed $6,000,000 --
Warranty Deed $3,950,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $18,500,000 No Value Available
Previous Owner $15,000,000 Future Advance Clause Open End Mortgage
Previous Owner $10,000,000 Unknown
Previous Owner $9,000,000 Unknown
Previous Owner $7,400,000 Unknown
Previous Owner $4,000,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 For Sale $54,900,000 +115.3% $2,895 / Sq Ft
04/22/2019 04/22/19 Sold $25,500,000 -15.0% $1,345 / Sq Ft
03/20/2019 03/20/19 Price Changed $30,000,000 -55.9% $1,582 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $68,000,000 +172.0% $3,586 / Sq Ft
07/27/2012 07/27/12 Sold $25,000,000 0.0% $1,843 / Sq Ft
04/10/2012 04/10/12 Off Market $25,000,000 -- --
03/28/2012 03/28/12 For Sale $27,000,000 -- $1,991 / 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 $407,832 $23,093,568 -- --
2024 $398,227 $22,442,729 -- --
2023 $398,227 $21,789,058 $0 $0
2022 $387,280 $21,154,426 $0 $0
2021 $386,646 $20,538,278 $0 $0
2020 $381,453 $20,254,713 $10,424,702 $9,830,011
2019 $399,084 $21,094,640 $10,424,702 $10,669,938
2018 $192,590 $10,424,702 $10,424,702 $0
2017 $195,958 $10,424,702 $0 $0
2016 $189,843 $9,938,576 $0 $0
2015 $274,142 $9,806,472 $0 $0
2014 $395,208 $19,873,565 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10615644

MIAMI REALTORS® MLS

APN: 03-5105-002-0650