NOT LISTED FOR SALE

Estimated Value: $10,342,180

5 Beds
7 Baths
5,802 Sq Ft
$1,783/Sq Ft Est. Value

Last Sold February 21, 2017

Last sale price $12,850,000 $2,215 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $73,856/month

104 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Property Fronts a Bay or Harbor
  • North Beach Elementary School Rated A-
  • 1 Bedroom Guest House
  • Above Ground Pool

About This Home

As of February 2017

Calvin Klein's private waterfront sanctuary, securely situated on North Bay Road with dock and infinity pool overlooking 113 feet of open bay views. 5 BR / 5 en suite BATHS / 2 HALF BATHS and 2 car garage. 5,800 total sq. feet. Open floor plan with Europe an craftsmanship throughout captures the essence of Zen. Furnishings and antiques by world renowned designer Axel Vervoordt. Impressively landscaped outdoor living/dining areas that increase living space to 7,966 sq. ft. on a 16,709 sq. ft. lot.

Last Agent to Sell the Property

Pablo Alfaro

Compass Florida, LLC. License #0630752 Listed on: 10/21/2016

Compass Florida, LLC.

Last Buyer's Agent

Toni Schrager

Brown Harris Stevens License #0403145

Brown Harris Stevens

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $103,279

Year Built

  • Built in 1929

Lot Details

  • 113 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Property is zoned 80/PUBLI

Parking

  • 2 Car Attached Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,802 Sq Ft Home
  • 2-Story Property
  • Family or Dining Combination
  • Bay Views

Kitchen

  • Dome Kitchens
  • Electric Range
  • Microwave
  • Free-Standing Freezer
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Outdoor Features

  • Above Ground Pool
  • Property has ocean access
  • Seawall
  • Private Dock
  • Balcony
  • Patio
  • Porch

Additional Homes

  • 1 Bedroom Guest House
  • One Bathroom Guest House

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Nautilus Sub,Miami Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-22-011-0220

Home Details

Home Type

Single Family

Est. Annual Taxes

$103,279

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1929
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other,Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: NAUTILUS SUB,MIAMI BEACH
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Free-Standing Freezer, Ice Maker, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Washer
  • Interior Amenities: Dome Kitchen, Other, Family Room
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 5802
  • Possible Use: Unknown/Withheld
  • Window Features: Impact Glass, Other Windows
  • Bedroom Features: Other
  • Dining Room Features: Family/Dining Combination
  • Living Room Features: Family Room

Exterior Features

  • Roof: Other
  • View: Bay, Water
  • Exterior Features: Open Balcony, Other
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Lot Features: Other Lot Description
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Features: Above Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: NAUTILUS SUB
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Other

Utilities

  • Sewer: Other
  • Water Source: Other
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-22-011-0220
  • Zoning: 80/PUBLI
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 103279

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2016
Closed on
Feb 6, 2017
Sold by
Klein Calvin
Bought by
Drexler Millard S and Drexler Peggy
Seller's Agent
Pablo Alfaro
Compass Florida, LLC.
Buyer's Agent
Toni Schrager
Brown Harris Stevens
List Price
$15,000,000
Sold Price
$12,850,000
Premium/Discount to List
-$2,150,000
-14.33%
Total Days on Market
104
Current Estimated Value
$10,342,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,507,820
Avg. Annual Appreciation
-2.59%

Purchase Details

Closed on
Jul 7, 2004
Sold by
Rosen Gregg M
Bought by
City National Bank Of Florida

Purchase Details

Closed on
Nov 2, 1999
Sold by
4452 Investments Inc
Bought by
Rosen Gregg M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
7.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 1999
Sold by
M B Bayfront Inc
Bought by
4452 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
$425,000
Interest Rate
7.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 1996
Sold by
Herbert and Rothman Carol A
Bought by
M B Bayfront Inc
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 Buyer Sale Price Title Company
Drexler Millard S $12,850,000 Attorney
City National Bank Of Florida -- --
Rosen Gregg M $1,625,000 --
4452 Investments Inc $1,375,000 --
M B Bayfront Inc $1,575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner M B Bayfront Inc $2,500,000
Previous Owner M B Bayfront Inc $900,000
Previous Owner M B Bayfront Inc $425,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2017 02/21/17 Sold $12,850,000 -14.3% $2,215 / Sq Ft
10/21/2016 10/21/16 For Sale $15,000,000 -- $2,585 / 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
2024 $227,641 $11,009,478 -- --
2023 $227,641 $10,008,617 $0 $0
2022 $185,263 $9,098,743 $0 $0
2021 $158,617 $8,215,050 $6,015,240 $2,199,810
2020 $146,577 $7,571,263 $5,346,880 $2,224,383
2019 $147,196 $7,595,833 $5,346,880 $2,248,953
2018 $195,139 $10,377,390 $8,103,865 $2,273,525
2017 $129,508 $6,202,593 $0 $0
2016 $125,650 $5,638,721 $0 $0
2015 $111,862 $5,126,110 $0 $0
2014 $103,279 $4,660,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10167112

MIAMI REALTORS® MLS

APN: 02-3222-011-0220