$16,000,000
SOLD MAR 12, 2024
10 Beds
13 Baths
12,761 Sq Ft
0.9 Acres

Recently Sold

$1,254 Per Sq Ft

11% Below List Price

Highlights

  • Property has ocean access
  • In Ground Pool
  • Home fronts a canal
  • North Beach Elementary School Rated A-
  • 39,000 Sq Ft lot
  • 2-minute walk to Pinetree Park

About This Home

As of March 2024

Luxurious Mediterranean style estate located on coveted Pine Tree Drive.

Last Agent to Sell the Property

Menachem Fellig

Compass Florida, LLC. License #3291623 Listed on: 03/08/2024

Compass Florida, LLC.

Last Buyer's Agent

Babba Mehrpouyan

Beachfront Realty Inc License #3151736

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $246,932

Year Built

  • Built in 1933

Lot Details

  • 0.9 Acre Lot
  • 100 Ft Wide Lot
  • Home fronts a canal
  • West Facing Home
  • Property is zoned 2200

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 12,761 Sq Ft Home
  • Canal Views
  • Microwave

Bedrooms and Bathrooms

  • 10 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Property has ocean access

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Flamingo Bay Sub No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-23-003-0120

Home Details

Home Type

Single Family

Est. Annual Taxes

$246,932

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1933
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Other
  • Garage Yn: No
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: FLAMINGO BAY SUB NO 1
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dryer, Microwave, Refrigerator, Washer
  • Interior Amenities: Other
  • Full Bathrooms: 10
  • Half Bathrooms: 3
  • Total Bedrooms: 10
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 12761
  • Possible Use: Primary
  • Bedroom Features: Other
  • Living Room Features: Other

Exterior Features

  • Roof: Other
  • View: Canal
  • Exterior Features: Other
  • Construction Type: CBS Construction, Other
  • Direction Faces: West
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: FLAMINGO BAY SUB NO 1
  • Parking Features: Other

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-23-003-0120
  • Lot Size Sq Ft: 39000
  • Zoning: 2200
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 246932

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
Mar 8, 2024
Sold by
4411 Florida Llc
Bought by
Yesharim Babba Joshua
Seller's Agent
Menachem Fellig
Compass Florida, LLC.
Buyer's Agent
Babba Mehrpouyan
Beachfront Realty Inc
List Price
$17,995,000
Sold Price
$16,000,000
Premium/Discount to List
-$1,995,000
-11.09%
Views
18
Current Estimated Value
$9,861,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,138,165
Avg. Annual Appreciation
-29.94%
Original Mortgage
$5,000,000
Outstanding Balance
$4,928,410
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$4,933,425

Purchase Details

Closed on
Oct 19, 2023
Sold by
4411 Florida Llc
Bought by
Yesharim Babba Joshua

Purchase Details

Listed on
Feb 26, 2021
Closed on
May 11, 2021
Sold by
Marin Maria and Maria Marin Revocable Trust
Bought by
4411 Florida Llc
Seller's Agent
Karolyn Henao
BZG International, LLC
Buyer's Agent
Karolyn Henao
BZG International, LLC
List Price
$16,999,000
Sold Price
$12,250,000
Premium/Discount to List
-$4,749,000
-27.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.03%
Original Mortgage
$2,800,000
Interest Rate
2.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2012
Sold by
Marin Maria and Marin Yaddiel
Bought by
Maria Marin Revocable Trust

Purchase Details

Listed on
Dec 7, 2009
Closed on
Sep 4, 2012
Sold by
Touchdown At Doral Ii Llc
Bought by
Marin Maria and Marin Yaddiel
Seller's Agent
Nelson Gonzalez
BHHS EWM Realty
Buyer's Agent
Brandon Brugal
BZG International, LLC
List Price
$7,250,000
Sold Price
$7,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.42%

Purchase Details

Closed on
Aug 31, 2004
Sold by
Layfield Kathy
Bought by
Touchdown At Doral Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,600,000
Interest Rate
6.01%
Mortgage Type
Construction

Purchase Details

Closed on
May 19, 1995
Sold by
Russo Anthony L and Russo To Chau D
Bought by
Layfield Richard and Layfield Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
8.22%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $16,000,000 None Listed On Document
Contract Of Sale -- None Listed On Document
Warranty Deed $12,250,000 Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $7,250,000 Attorney
Warranty Deed $3,200,000 --
Interfamily Deed Transfer -- --
Warranty Deed $850,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,000,000 New Conventional
Previous Owner $600,000 New Conventional
Previous Owner $1,200,000 New Conventional
Previous Owner $2,800,000 New Conventional
Previous Owner $2,800,000 Balloon
Previous Owner $9,600,000 Commercial
Previous Owner $2,000,000 Unknown
Previous Owner $2,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,000,000 Credit Line Revolving
Previous Owner $1,000,000 New Conventional
Previous Owner $1,975,000 Credit Line Revolving
Previous Owner $4,200,000 Unknown
Previous Owner $3,600,000 Construction
Previous Owner $510,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2024 03/12/24 Sold $16,000,000 -11.1% $1,254 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
03/08/2024 03/08/24 For Sale $17,995,000 +46.9% $1,410 / Sq Ft
05/11/2021 05/11/21 Sold $12,250,000 -27.9% $1,031 / Sq Ft
02/19/2021 02/19/21 For Sale $16,999,000 +134.5% $1,431 / Sq Ft
09/04/2012 09/04/12 Sold $7,250,000 0.0% $610 / Sq Ft
12/24/2011 12/24/11 Pending -- -- --
12/07/2009 12/07/09 For Sale $7,250,000 -- $610 / 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 $250,761 $12,726,224 $11,700,000 $1,026,224
2024 $251,972 $13,206,172 -- --
2023 $251,972 $12,005,611 $0 $0
2022 $205,070 $10,914,192 $7,995,000 $2,919,192
2021 $164,410 $8,515,075 $5,655,000 $2,860,075
2020 $121,690 $6,326,559 $0 $0
2019 $185,291 $9,561,673 $6,630,000 $2,931,673
2018 $0 $6,069,009 $0 $0
2017 $112,418 $5,944,182 $0 $0
2016 $112,299 $5,821,922 $0 $0
2015 $55,935 $5,781,452 $0 $0
2014 $55,935 $5,735,568 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11546976

MIAMI REALTORS® MLS

APN: 02-3223-003-0120