NOT LISTED FOR SALE

451 N Mashta Dr Key Biscayne, FL 33149

Estimated Value: $7,156,000 - $19,876,794

8 Beds
7.5 Baths
7,583 Sq Ft
$1,612/Sq Ft Est. Value

Last Sold September 01, 2016

Last sale price $6,800,000 $897 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $73,859/month

314 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • 15,888 Sq Ft lot
  • Key Biscayne K-8 Center Rated A-
  • In Ground Pool
  • Two Primary Bathrooms

About This Home

As of September 2016

Enjoy this 9bed/7baths Mediterranean style estate w/165ft of water frontage, 80ft dock & direct ocean access located on a quiet low traffic cul-de-sac in Key Biscayne. Marble & wood floors guide you through the impressive gourmet kitchen w/stainless steel appliances, large Master Suite, formal dining, wine cellar & large terraces that overlook the pool & water. Elevator, staff quarters & rare oversized 3+ car garage complete the luxurious lifestyle this property offers.

Last Agent to Sell the Property

Jorge Uribe

One Sotheby's International Realty License #3080567 Listed on: 09/14/2015

One Sotheby's International Realty

Last Buyer's Agent

Betty Portuondo

MMLS Assoc.-Inactive Member License #0512772

MMLS Assoc.-Inactive Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $120,342

Year Built

  • Built in 2006

Lot Details

  • 0.36 Acre Lot
  • 165 Ft Wide Lot
  • Home fronts a canal
  • East Facing Home
  • Fenced
  • Property is zoned 21/EST 1

Parking

  • 3 Car Attached Garage
  • Golf Cart Parking

Property Views

  • Canal
  • Garden

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,583 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Fireplace
  • Thermal Windows
  • French Doors
  • Entrance Foyer
  • Great Room
  • Family Room
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Marble Flooring
  • Dryer

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Free-Standing Freezer
  • Dishwasher
  • Cooking Island
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • Two Primary Bathrooms
  • Bidet

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Private Dock
  • Balcony
  • Patio
  • Outdoor Grill
  • Porch

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Smugglers Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-017-0030

Home Details

Home Type

Single Family

Est. Annual Taxes

$120,342

Year Built

Built in 2006

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: SMUGGLERS COVE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Free-Standing Freezer, Microwave, Gas Range, Refrigerator
  • Interior Amenities: Second Floor Entry, Cooking Island, Elevator, Entrance Foyer, French Doors, Family Room, Florida Room, Great Room, Other
  • Spa Yn: Yes
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Door Features: French Doors
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 7583
  • Other Equipment: Central Vacuum, Elevator
  • Possible Use: Unknown/Withheld
  • Window Features: Impact Glass, Thermal Windows
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Living Room Features: Family Room, Florida Room, Great Room, Other
  • Master Bathroom Features: 2 Primary Bathrooms, Bidet

Exterior Features

  • Roof: Barrel Roof
  • View: Canal, Garden
  • Exterior Features: Barbeque, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: SMUGGLERS COVE
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: Golf Cart Parking

Utilities

  • Sewer: Other
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Alarm

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 24-52-05-017-0030
  • Lot Size Sq Ft: 15888
  • Zoning: 21/EST 1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 120342

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2015
Closed on
Sep 1, 2016
Sold by
2010 3 Sfr Venture Reo Llc
Bought by
Kingfish Investment Holdings Inc
Seller's Agent
Jorge Uribe
One Sotheby's International Realty
Buyer's Agent
Betty Portuondo
MMLS Assoc.-Inactive Member
List Price
$8,900,000
Sold Price
$6,800,000
Premium/Discount to List
-$2,100,000
-23.6%
Current Estimated Value
$12,220,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,420,931
Avg. Annual Appreciation
6.55%

Purchase Details

Closed on
Jun 6, 2016
Sold by
2010 & 3 Sfr Venture Llc
Bought by
2010 & 3 Sfr Venture Reo Llc

Purchase Details

Closed on
Jul 17, 2015
Sold by
K B Paradise Estates Llc
Bought by
2010 & 3 Sfr Venture Llc

Purchase Details

Closed on
Feb 14, 2005
Sold by
Key North Properties Inc
Bought by
K B Paradise Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,800,000
Interest Rate
5.69%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 31, 2004
Sold by
Key North Corp
Bought by
Key North Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,800,000
Interest Rate
5.69%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kingfish Investment Holdings Inc $6,800,000 Attorney
2010 & 3 Sfr Venture Reo Llc -- Attorney
2010 & 3 Sfr Venture Llc -- Attorney
K B Paradise Estates Llc $7,400,000 Attorney
Key North Properties Inc $7,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner K B Paradise Estates Llc $4,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2016 09/01/16 Sold $6,800,000 -2.2% $897 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
06/28/2016 06/28/16 Price Changed $6,950,000 -6.7% $917 / Sq Ft
05/11/2016 05/11/16 Price Changed $7,450,000 -6.3% $982 / Sq Ft
02/26/2016 02/26/16 Price Changed $7,950,000 -5.9% $1,048 / Sq Ft
01/21/2016 01/21/16 Price Changed $8,450,000 -5.1% $1,114 / Sq Ft
09/14/2015 09/14/15 For Sale $8,900,000 -- $1,174 / 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 $117,190 $7,623,621 -- --
2024 $109,340 $6,930,565 -- --
2023 $109,340 $6,300,514 $0 $0
2022 $99,860 $5,727,740 $0 $0
2021 $86,744 $5,207,037 $3,892,560 $1,314,477
2020 $86,222 $5,222,289 $3,892,560 $1,329,729
2019 $86,687 $5,237,428 $3,892,560 $1,344,868
2018 $88,193 $5,506,775 $4,146,768 $1,360,007
2017 $88,933 $5,505,262 $0 $0
2016 $123,382 $7,461,606 $0 $0
2015 $119,082 $7,046,270 $0 $0
2014 $120,342 $6,857,477 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jorge Uribe

    Seller's Agent in 2016

    Jorge Uribe

    One Sotheby's International Realty

    (786) 371-8777

    5 in this area

    59 Total Sales

    Jorge Uribe
    Section Image

  • B

    Buyer's Agent in 2016

    Betty Portuondo

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2174328

MIAMI REALTORS® MLS

APN: 24-5205-017-0030

Florida Miami/Dade County Key Biscayne 33149

451 N Mashta Dr, Key Biscayne, FL

Not Listed for Sale

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