NOT LISTED FOR SALE

Estimated Value: $7,707,000 - $16,727,028

5 Beds
5.5 Baths
6,553 Sq Ft
$1,864/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $10,975,000 $1,675 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $81,419/month

193 Days on Market

Highlights

  • Ocean View
  • Private Dock
  • In Ground Pool
  • Property has ocean access
  • Property Fronts a Bay or Harbor
  • Gated Community

About This Home

As of May 2021

This stunning contemporary bayfront house in Miami’s exclusive Bay Point neighborhood has been completely renovated, including advanced reengineering to raise ceilings and create sweeping open spaces that take advantage of the unparalleled bay views. The southeastern exposure gives the house a truly tropical panorama, from the downtown Miami skyline all the way to North Beach, framed by swaying palm trees. The 6,553 square foot home offers five bedrooms, including a massive master suite with private home gym, at least two VIP suites, a pneumatic tube elevator, a climate-controlled wine cabinet, and a striking oculus over the front motor court. The home is exquisitely close to Miami’s booming Design District and Wynwood neighborhoods, as well as excellent private and magnet schools.

Last Agent to Sell the Property

Oren Alexander

MMLS Assoc.-Inactive Member License #3296414 Listed on: 09/11/2020

Last Buyer's Agent

Alex Fernandez-Pascual

Fortune Christie's International Real Estate License #0698062

Fortune Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $105,397

Year Built

  • Built in 1949

Lot Details

  • 0.43 Acre Lot
  • 95 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • North Facing Home
  • Property is zoned 0100

Parking

  • 4 Car Attached Garage
  • 5 Attached Carport Spaces
  • Automatic Garage Door Opener
  • Driveway
  • Open Parking

Property Views

  • Ocean
  • Bay
  • Pool

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,553 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Sliding Windows
  • French Doors
  • Formal Dining Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Disposal

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Maid or Guest Quarters
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Private Dock
  • Deck
  • Patio

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-32-19-008-2500

Community Details

Overview

  • No Home Owners Association
  • Bay Point Subdivision

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$105,397

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 1949
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Carport Y N: Yes
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: BAY POINT
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Bar, Cooking Island, Elevator, Fire Sprinklers, French Doors, Walk-In Closet(s), Den/Library/Office, Family Room, Maid/In-Law Quarters
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Flooring: Marble, Tile
  • Furnished: Unfurnished
  • Living Area: 6553
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Window Features: Blinds, High Impact Windows, Sliding
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Family/Dining Combination, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Maid/In-Law Quarters
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • Roof: Barrel Roof
  • View: Bay, Ocean, Pool
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Deck, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: BAY POINT
  • Carport Spaces: 5
  • Covered Parking Spaces: 9
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Attached Carport, Covered, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Gated, Gated Community, Security Patrol

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-32-19-008-2500
  • Lot Size Sq Ft: 18525
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 105397

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2020
Closed on
May 14, 2021
Sold by
Bay Love Llc
Bought by
4411 Trust Llc
Seller's Agent
Oren Alexander
MMLS Assoc.-Inactive Member
Buyer's Agent
Alex Fernandez-Pascual
Fortune Christie's International Real Estate
List Price
$10,900,000
Sold Price
$10,975,000
Premium/Discount to List
$75,000
0.69%
Current Estimated Value
$11,260,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,585
Avg. Annual Appreciation
0.94%

Purchase Details

Closed on
Jan 18, 2019
Sold by
Atkins Zack Stephen N and Atkins Zack Marguerite Ann
Bought by
Bay Love Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,500,000
Interest Rate
4.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 1, 2013
Sold by
The Northern Trust Company
Bought by
Zack Stephen N

Purchase Details

Closed on
Sep 11, 2009
Sold by
Iglesias Enrique
Bought by
Northern Trust Na

Purchase Details

Closed on
Jun 3, 1996
Sold by
Rosenweig Philip E and Drecksler Rhonda R
Bought by
Iglesias Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
7.93%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
4411 Trust Llc $10,975,000 Attorney
Bay Love Llc $6,500,000 Association Title Svcs Llc
Zack Stephen N $6,722,500 Old Florida Title Company
Northern Trust Na -- Attorney
Iglesias Enrique $640,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4411 Trust Llc $7,630,000
Previous Owner Bay Love Llc $4,350,000
Previous Owner Bay Love Llc $4,500,000
Previous Owner Iglesias Enrique $675,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2021 05/17/21 Sold $10,975,000 +0.7% $1,675 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
02/17/2021 02/17/21 Price Changed $10,900,000 0.0% $1,663 / Sq Ft
12/02/2020 12/02/20 Rented $45,000 -99.5% --
11/30/2020 11/30/20 Under Contract -- -- --
11/09/2020 11/09/20 Price Changed $9,800,000 0.0% $1,495 / Sq Ft
11/02/2020 11/02/20 For Rent $60,000 0.0% --
09/11/2020 09/11/20 For Sale $10,900,000 -- $1,663 / 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 $237,188 $11,898,174 -- --
2024 $202,515 $10,816,522 -- --
2023 $202,515 $9,833,202 $6,113,250 $3,719,952
2022 $184,923 $8,951,780 $5,187,000 $3,764,780
2021 $106,056 $4,973,803 $3,334,500 $1,639,303
2020 $110,318 $5,161,846 $3,501,225 $1,660,621
2019 $105,397 $4,919,642 $3,501,225 $1,418,417
2018 $70,580 $3,393,552 $0 $0
2017 $69,664 $3,312,305 $0 $0
2016 $70,278 $3,244,178 $0 $0
2015 $71,092 $3,221,627 $0 $0
2014 $71,928 $3,196,059 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10912939

MIAMI REALTORS® MLS

APN: 01-3219-008-2500