NOT LISTED FOR SALE

4505 Sabal Palm Rd Miami, FL 33137

Upper East Side South Neighborhood

Estimated Value: $7,080,000 - $39,788,206

7 Beds
8.5 Baths
8,207 Sq Ft
$2,855/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $38,500,000 $4,691 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $175,004/month

213 Days on Market

Highlights

  • Property has ocean access
  • Home fronts navigable water
  • Intracoastal View
  • Private Dock
  • Boat Lift
  • In Ground Pool

About This Home

As of February 2023

Magnificent open Bayfront Masterpiece you don't want to miss! Casa Bahia, is located on the exclusive island of Bay Point, Miami’s most secluded true gated community. Enjoy the most breathtaking wide open Biscayne Bay views, Miami skyline, and beautiful sunrises. Just 10 minutes from Miami Beach, Miami International airport. Next to the Design District, Midtown, Wynwood, Downtown and Brickell. For the next level Miami living don't miss the unique opportunity to buy this home combined Casa Club (MLS A11248644). The ideal compound adding a 5 bedroom guest house with all the toys to entertain: tennis court, basketball court, gym, billiard room and more. This compound offers OVER 1 acre of land, 3 lots, 13,748 sq ft, 12 bedrooms, and 12.5 bathrooms. Asking price for both: $72,500,000

Last Agent to Sell the Property

Ana Teresa Rodriguez

Coldwell Banker Realty License #3219652 Listed on: 07/29/2022

Coldwell Banker Realty

Last Buyer's Agent

Valeriya Strohschein

Lifestyle International Realty License #3422522

Lifestyle International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $164,619

Year Built

  • Built in 2016

Lot Details

  • 0.47 Acre Lot
  • 100 Ft Wide Lot
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • West Facing Home
  • Fenced
  • Property is zoned 0100

HOA Fees

  • $267 Monthly HOA Fees

Parking

  • 8 Car Garage
  • Automatic Garage Door Opener
  • Driveway
  • Open Parking

Property Views

  • Intracoastal
  • Bay

Home Design

  • Concrete Roof

Interior Spaces

  • 8,207 Sq Ft Home
  • Built-In Features
  • Vaulted Ceiling
  • Fireplace
  • Family Room
  • Formal Dining Room
  • Den
  • Recreation Room
  • Marble Flooring

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Jettted Tub and Separate Shower in Primary Bathroom
  • Bathtub

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • Impact Glass
  • High Impact Door

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Boat Lift
  • Private Dock
  • Balcony
  • Deck
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Shadowlawn Elementary School
  • Miami Edison Middle School
  • Miami Edison High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 01-32-19-008-2570

Community Details

Overview

  • Bay Point Subdivision
  • Mandatory home owners association

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$164,619

Year Built

Built in 2016

Lot Details

0

HOA Fees

$267 per month

Parking

8

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Private Dock, Lift,Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: BAY POINT
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Gas Range, Refrigerator, Washer
  • Interior Amenities: Built-in Features, Cooking Island, Elevator, Pantry, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Family Room, Other, Recreation Room, Utility Room/Laundry
  • Spa Yn: Yes
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Door Features: High Impact Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 8207
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Possible Use: Primary
  • Window Features: Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Tub
  • Dining Room Features: Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Other, Recreation Room, Utility Room/Laundry
  • Master Bathroom Features: Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • Roof: Concrete
  • View: Bay, Intracoastal View
  • Exterior Features: Barbeque, Built-In Grill, Lighting, Open Balcony
  • Direction Faces: West
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Deck, Open Balcony
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Navigable Water
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: BAY POINT
  • Covered Parking Spaces: 8
  • Garage Spaces: 8
  • Open Parking: Yes
  • Parking Features: Covered, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association Fee: 3200
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated Community, Mandatory Hoa, Private Roads
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Shadowlawn
  • High School: Miami Edison
  • Middle Or Junior School: Miami Edison

Lot Info

  • Parcel Number: 01-32-19-008-2570
  • Lot Size Sq Ft: 20279
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 164619

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Feb 27, 2023
Sold by
Gerardo Luis Garcia Revocable Living Tru
Bought by
Bakhtin Arkady
Seller's Agent
Ana Teresa Rodriguez
Coldwell Banker Realty
Buyer's Agent
Valeriya Strohschein
Lifestyle International Realty
List Price
$55,000,000
Sold Price
$38,500,000
Premium/Discount to List
-$16,500,000
-30%
Views
364
Current Estimated Value
$23,434,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,065,897
Avg. Annual Appreciation
-18.32%

Purchase Details

Closed on
Jun 3, 2020
Sold by
Garcia Gerardo Luis
Bought by
Garcia Gerardo Luis and Fourth Amended & Restated Gera

Purchase Details

Closed on
Oct 30, 2018
Sold by
4505 Sabal Palm Llc
Bought by
Garcia Gerardo Luis

Purchase Details

Closed on
Feb 15, 2010
Sold by
Garcia Gerardo Luis
Bought by
4505 Sabal Palm Llc

Purchase Details

Closed on
Sep 10, 2009
Sold by
The Art Of Living Usa Lc
Bought by
Garcia Gerado Luis

Purchase Details

Closed on
Jun 7, 2001
Sold by
Of Living Art I
Bought by
Justo Carlos and Clark Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,625,000
Interest Rate
7.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2000
Sold by
Alvarez Jose M and Alvarez Anette
Bought by
The Art Of Living Usa Lc

Purchase Details

Closed on
Dec 3, 1998
Sold by
Leopoldo and Hellmund Mary W
Bought by
Alvarez Jose M and Alvarez Anette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.77%
Mortgage Type
New Conventional
Source: Public Records

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 Buyer Sale Price Title Company
Bakhtin Arkady $38,500,000 None Listed On Document
Garcia Gerardo Luis -- Attorney
Garcia Gerardo Luis -- Attorney
4505 Sabal Palm Llc -- Attorney
Garcia Gerado Luis $2,530,000 None Available
Justo Carlos $100 --
The Art Of Living Usa Lc $1,450,000 --
Alvarez Jose M $1,470,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Gerardo Luis $6,600,000
Previous Owner The Art Of Living Usa Lc $1,989,000
Previous Owner Alvarez Jose M $1,625,000
Previous Owner Alvarez Jose M $375,000
Previous Owner Alvarez Jose M $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $38,500,000 -30.0% $4,691 / Sq Ft
07/29/2022 07/29/22 For Sale $55,000,000 -- $6,702 / 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 $567,592 $27,115,158 $10,139,500 $16,975,658
2024 $169,022 $28,313,592 $11,153,450 $17,160,142
2023 $169,022 $8,264,184 $0 $0
2022 $164,540 $8,023,480 $0 $0
2021 $164,619 $7,789,787 $3,650,220 $4,139,567
2020 $169,826 $8,015,389 $3,832,731 $4,182,658
2019 $171,131 $8,058,479 $3,832,731 $4,225,748
2018 $165,742 $8,100,115 $3,832,731 $4,267,384
2017 $160,859 $7,113,132 $0 $0
2016 $66,669 $2,549,193 $0 $0
2015 $57,815 $2,317,449 $0 $0
2014 $51,597 $2,106,772 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ana Teresa Rodriguez

    Seller's Agent in 2023

    Ana Teresa Rodriguez

    Coldwell Banker Realty

    (786) 442-5309

    5 in this area

    80 Total Sales

    Ana Teresa Rodriguez
    Section Image

  • V

    Buyer's Agent in 2023

    Valeriya Strohschein

    Lifestyle International Realty

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11248531

MIAMI REALTORS® MLS

APN: 01-3219-008-2570

Florida Miami/Dade County Miami 33137 Upper East Side South

4505 Sabal Palm Rd, Miami, FL

This home is located at 4505 Sabal Palm Rd, Miami, FL 33137 since 29 July 2022 and is currently estimated at $23,434,103, approximately $2,855 per square foot. This property was built in 2016. 4505 Sabal Palm Rd is a home located in Miami-Dade County with nearby schools including Morningside K-8 Academy, Horace Mann Middle School, and Booker T. Washington Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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