NOT LISTED FOR SALE

Estimated Value: $1,766,657

0.14 Acre
$12,618,979 Price per Acre
6,454 Sq Ft Lot

Last Sold May 20, 2024

Last sale price $1,995,000 $309 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $11,827/month

297 Days on Market

About This Lot

As of May 2024

Prime corner site for residential or commercial development in the heart of Miami Design District. Use existing plans to build four sizable luxury 3 story townhomes. Steps away from shops, fine dining and world class museums. Approvals in place from The City of Miami for redevelopment.

Last Agent to Sell the Property

Chris Nicotra

Ocean Delray Real Estate License #3572237 Listed on: 05/07/2023

Co-Listed By

Robert Guntmacher

The Corcoran Group License #3365074

Last Buyer's Agent

Chris Nicotra

Ocean Delray Real Estate License #3572237 Listed on: 05/07/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $26,610

Lot Details

  • 6,454 Sq Ft Lot
  • Property is zoned 4801

Community Details

  • Shadowlawn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-24-017-0300

Property Details

Property Type

Land

Est. Annual Taxes

$26,610

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Commercial
  • Property Sub Type Additional: Commercial
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: < 1/4 Acre
  • Waterfront: No

Lot Info

  • Parcel #: 01-31-24-017-0300
  • Development Status: Raw Land
  • Lot Size Acres: 0.14
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 6454.0
  • Zoning Description: 4801
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 26610.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2023
Closed on
May 15, 2024
Sold by
4798 Ne 8Th Llc
Bought by
4798 Ne 2Nd Ave Llc
Seller's Agent
Chris Nicotra
Ocean Delray Real Estate
Buyer's Agent
Chris Nicotra
Ocean Delray Real Estate
List Price
$2,400,000
Sold Price
$1,995,000
Premium/Discount to List
-$405,000
-16.88%
Views
45
Current Estimated Value
$1,766,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$228,343
Avg. Annual Appreciation
-9.31%
Original Mortgage
$1,500,000
Outstanding Balance
$713,866
Interest Rate
7.09%
Mortgage Type
Construction
Estimated Equity
$1,058,712

Purchase Details

Listed on
Jun 23, 2021
Closed on
Dec 15, 2021
Sold by
Bv 4798 Llc
Bought by
4798 Ne 8Th Llc
Seller's Agent
Richard Raimann
MMLS Assoc.-Inactive Member
Buyer's Agent
Richard Raimann
MMLS Assoc.-Inactive Member
List Price
$1,799,000
Sold Price
$1,600,000
Premium/Discount to List
-$199,000
-11.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.50%
Original Mortgage
$1,400,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2015
Sold by
Europe In Buena Vista Llc
Bought by
Bv 4798 Llc

Purchase Details

Closed on
Jun 28, 2010
Sold by
Noble Savage Workshop Inc
Bought by
Europe In Buena Vista Llc

Purchase Details

Closed on
Dec 20, 2000
Sold by
Madina Francisco R
Bought by
Noble Savage Workshop Inc

Purchase Details

Closed on
Apr 13, 1995
Sold by
Clerk Of Circuit Court
Bought by
Millor Luz
Source: Public Records

Range of Values:

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Average Value
Not Available
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
4798 Ne 2Nd Ave Llc $1,800,000 None Listed On Document
4798 Ne 8Th Llc $1,600,000 All Country Title
Bv 4798 Llc $1,170,000 Attorney
Europe In Buena Vista Llc $85,000 Attorney
Noble Savage Workshop Inc $42,000 --
Millor Luz $9,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4798 Ne 2Nd Ave Llc $1,500,000
Closed 4798 Ne 2Nd Ave Llc $1,500,000
Previous Owner 4798 Ne 8Th Llc $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2024 05/20/24 Sold $1,995,000 0.0% $309 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
11/28/2023 11/28/23 Price Changed $1,995,000 -5.0% $309 / Sq Ft
11/02/2023 11/02/23 Price Changed $2,100,000 -12.5% $325 / Sq Ft
05/08/2023 05/08/23 For Sale $2,400,000 +50.0% $372 / Sq Ft
12/15/2021 12/15/21 Sold $1,600,000 -11.1% $248 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
06/19/2021 06/19/21 For Sale $1,799,000 -- $279 / Sq Ft
Source: BeachesMLS

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 $25,859 $1,452,150 $1,452,150 --
2024 $26,534 $1,290,800 $1,290,800 --
2023 $26,534 $1,290,800 $1,290,800 $0
2022 $26,610 $1,290,800 $1,290,800 $0
2021 $11,574 $415,768 $0 $0
2020 $11,107 $806,750 $806,750 $0
2019 $10,645 $806,750 $806,750 $0
2018 $9,871 $806,750 $806,750 $0
2017 $9,672 $283,976 $0 $0
2016 $5,634 $258,160 $0 $0
2015 $3,785 $124,448 $0 $0
2014 $3,722 $113,135 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10888113

BeachesMLS

APN: 01-3124-017-0300