$12,250,000
SOLD MAY 11, 2021
10 Beds
13 Baths
11,878 Sq Ft
0.9 Acres

Recently Sold

$1,031 Per Sq Ft

28% Below List Price

42 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • 1 Bedroom Guest House
  • North Beach Elementary School Rated A-
  • Guest House
  • 2-minute walk to Pinetree Park

About This Home

As of March 2024

One of a kind estate on a 39,000 sq ft lot. Beautiful open courtyard. A recently renovated grand estate offering exquisite mahogany wood details, 25' fireplace, game room, 2 separate private guest houses, staff room, office, gourmet kitchen w/island, impressive large master suite, terraces, loggias, fountains, resort style pool, gazebo, summer kitchen, and outstanding grounds. 10 bedrooms, 10 bathrooms, 3 half baths. A total of 4 kitchens throughout the property. Excellent dockage for large 100ft+ yacht plus additional boat lift and jet ski lift. Equipped with natural gas generator to power the complete home. Luxury abounds throughout this extraordinary waterfront estate. Impressive views to the historical founainebleau hotel. No neighbors to your left side.

Last Agent to Sell the Property

Karolyn Henao

BZG International, LLC License #3282599 Listed on: 02/26/2021

Co-Listed By

Adriana Henao

The Keyes Company License #0653872

Last Buyer's Agent

Karolyn Henao

BZG International, LLC License #3282599 Listed on: 02/26/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $121,690

Year Built

  • Built in 1933

Lot Details

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

Parking

  • 4 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway
  • Open Parking

Property Views

  • Ocean
  • Intracoastal

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 11,878 Sq Ft Home
  • Fireplace
  • Blinds
  • Sliding Windows
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Microwave
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • In-Law or Guest Suite
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Clear Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

  • Heated In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Seawall
  • Boat Lift
  • Deeded Boat Dock
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Additional Homes

  • Guest House
  • 1 Bedroom Guest House
  • One Bathroom Guest House
  • Guest House Includes Living Room

Utilities

  • Cooling Available
  • Central Heating
  • Lake Drain

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

$121,690

Year Built

Built in 1933

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 1933
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Mediterranean
  • Co List Office Mls Id: KEYE15
  • Co List Office Phone: 305-594-2600
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Unrestricted Salt Water Access, Dock Owned/Included,Lift
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: FLAMINGO BAY SUB NO 1
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_GuestHouseDescription: 1 Bath, 1 Bedroom, Living Room
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Bar, Cooking Island, Entrance Foyer, Pantry, Walk-In Closet(s), Den/Library/Office, Family Room, Separate Guest/In-Law Quarters
  • Spa Yn: Yes
  • Full Bathrooms: 10
  • Half Bathrooms: 3
  • Total Bedrooms: 10
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Other, Wood
  • Furnished: Unfurnished
  • Living Area: 11878
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Window Features: Clear Impact Glass, Blinds, Sliding
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Guest House
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Curved/S-Tile Roof
  • View: Intracoastal View, Ocean
  • Exterior Features: Built-In Grill, Lighting
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Fencing: Fenced
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Other Structures: Guest House
  • Patio And Porch Features: Patio
  • Pool Features: In Ground, Heated
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front, No Fixed Bridges, Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: FLAMINGO BAY SUB NO 1
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Laked Drain
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Gas Metered, 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

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 121690

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

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Range of Values:

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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: A11002518

MIAMI REALTORS® MLS

APN: 02-3223-003-0120