NOT LISTED FOR SALE
0.67 Acres
-- Price per Acre
29,100 Sq Ft Lot

Last Sold April 26, 2017

Last sale price $10,500,000

84 Days on Market

Highlights

  • Bay View
  • 3-minute walk to School Board
  • Corner Lot
  • 0.67 Acre Lot
  • Partially Wooded Lot
  • No HOA

About This Lot

As of April 2017

HUGE PRICE REDUCTION IN MIAMI EDGEWATER AREA! 29,100 SF ZONED T6-24-0 PERMITTING UP TO 500 UNITS PER ACRE TO BE BUILT OR UP TO 1000 HOTEL UNITS PER ACRE OR A MIXED USE.

ON THIS SITE, 335 MULTIFAMILY UNITS OR 670 HOTEL UNITS CAN BNE BUILT OR A COMBINATION OF MULTI-FAMILY, HOTEL AND OFFICE CAN BE BUILT.

LOCATED JUST WEST OF THE GREATLY "IN-DEMAND" EDGEWATER AREA !!

Last Agent to Sell the Property

Louis Gallo

MMLS Assoc.-Inactive Member License #0030046 Listed on: 12/15/2016

MMLS Assoc.-Inactive Member

Co-Listed By

Andrea Colombo

The Keyes Company License #3341258

Last Buyer's Agent

Louis Gallo

MMLS Assoc.-Inactive Member License #0030046 Listed on: 12/15/2016

MMLS Assoc.-Inactive Member

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $48,352

Lot Details

  • 29,100 Sq Ft Lot
  • Corner Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Property is zoned T6-24-O

Additional Features

  • Bay Views
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Robbins Graham & Chilling Condos
  • Robbins Graham & Chilling Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-36-005-0301

Property Details

Property Type

Land

Est. Annual Taxes

$48,352

Lot Details

0.67 Acres

Listing Details

  • Property Type: Commercial Land
  • Ownership: Corporation
  • Property Sub Type: Commercial
  • Co List Office Mls Id: KEYE01
  • Co List Office Phone: 305-371-3592
  • Directions: LOCATED NORTH OF I-395, EAST OF I-95 AND 6 BLOCKS WEST OF BISCAYNE BAY.
  • Horses: No
  • Lot Size Acres: 0.67
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road
  • Road Surface Type: Paved
  • Structure Type: Commercial
  • Subdivision Name: Robbins Graham & Chilling
  • Special Features: None

Interior Features

  • Possible Use: Unknown/Withheld, Central Urban, Professional, Urban Commercial

Exterior Features

  • View: Bay View
  • Lot Features: Central Business District, Corner Location, Corner Lot, Sand, 1-2.5 Acres, Cleared Land
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Robbins Graham & Chilling

Utilities

  • Sewer: Other
  • Water Source: Municipal Water
  • Green Building Features: Build To Suit, Clearing Required, Light Traffic
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Water Connected, Cable Available, Electricity Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-36-005-0301
  • Current Use: Unimproved Business/Commercial, Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 29100
  • Zoning: T6-24-O
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 48352

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2016
Closed on
Apr 25, 2017
Sold by
Pls Realty Inc
Bought by
Arts Luxury Rentals Llc
Seller's Agent
Louis Gallo
MMLS Assoc.-Inactive Member
Buyer's Agent
Louis Gallo
MMLS Assoc.-Inactive Member
List Price
$14,000,000
Sold Price
$10,500,000
Premium/Discount to List
-$3,500,000
-25%

Purchase Details

Closed on
Dec 1, 2004
Sold by
Miami Martime Group Inc
Bought by
Pls Realty Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2002
Sold by
Lasse Moe I
Bought by
Miami Maritime Group Inc

Purchase Details

Closed on
Apr 22, 2002
Sold by
Jose A Adams I
Bought by
Moe Lasse and Griffin Leif

Purchase Details

Closed on
Nov 25, 1997
Sold by
Jaca Frederico
Bought by
Adams Jose A and Jaca-Adams Frances A
Source: Public Records
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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
Arts Luxury Rentals Llc -- Attorney
Pls Realty Inc $1,720,000 --
Miami Maritime Group Inc -- --
Moe Lasse $46,800 --
Adams Jose A $3,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pls Realty Inc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2017 04/26/17 Sold $10,500,000 -25.0% --
03/09/2017 03/09/17 Pending -- -- --
12/15/2016 12/15/16 For Sale $14,000,000 -- --
Source: MIAMI REALTORS® MLS

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 $131,124 $6,103,832 -- --
2024 $127,260 $5,548,939 -- --
2023 $127,260 $5,044,490 $0 $0
2022 $109,236 $4,585,900 $0 $0
2021 $92,573 $4,169,000 $0 $0
2020 $82,494 $4,469,904 $3,690,000 $779,904
2019 $97,020 $4,447,490 $3,690,000 $757,490
2018 $95,427 $4,456,393 $3,690,000 $766,393
2017 $54,497 $1,929,590 $0 $0
2016 $48,352 $1,622,355 $0 $0
2015 $42,352 $1,474,869 $0 $0
2014 $37,841 $1,340,790 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10194195

MIAMI REALTORS® MLS

APN: 01-3136-005-0301

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