NOT LISTED FOR SALE

48 E Rivo Alto Dr Miami Beach, FL 33139

Venetian Islands Neighborhood

Estimated Value: $2,637,406 - $4,944,000

4 Beds
3.5 Baths
2,824 Sq Ft
$1,501/Sq Ft Est. Value

Last Sold November 03, 2020

Last sale price $1,880,000 $666 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $26,718/month

468 Days on Market

Highlights

  • In Ground Pool
  • Garage Apartment
  • Mediterranean Architecture
  • North Beach Elementary School Rated A-
  • Garden View
  • No HOA

About This Home

As of November 2020

One of few homes on Venetian Islands situated on an oversized 11,270 sq. ft. lot. Renovated with modern finishes and spacious living areas this house offers all the luxuries of new construction at half of the price. Beautiful landscaping, guest house and two-car garage paired up with an incredible pool and backyard assures your every need will be met.

Last Agent to Sell the Property

Sladja Stantic

Real Broker LLC License #3044822 Listed on: 06/11/2019

Real Broker LLC

Last Buyer's Agent

Paola Marulanda

One Sotheby's International Realty License #3259504

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,815

Year Built

  • Built in 1925

Lot Details

  • 0.26 Acre Lot
  • East Facing Home
  • Property is zoned 0100

Parking

  • 2 Car Garage
  • Garage Apartment
  • Driveway
  • Open Parking

Property Views

  • Garden
  • Pool

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,824 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Decorative Fireplace
  • Entrance Foyer
  • Formal Dining Room
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Patio

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Rivo Alto Amd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-001-0700

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,815

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1925
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Mediterranean
  • Directions: From Venetian Causeway, head to Rivo Alto Island and turn South. Continue for two blocks and the property is located on the east corner of 1st Rivo Alto Terrace.
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: RIVO ALTO AMD
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Bottled Gas, Dishwasher, Dryer, Gas Water Heater, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Cooking Island, Entrance Foyer, Garage Apartment
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Location: Foyer
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 2824
  • Other Equipment: Natural Gas
  • Possible Use: Primary
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen, Formal Dining
  • Living Room Features: Garage Apartment

Exterior Features

  • Roof: Barrel Roof
  • View: Garden, Pool
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Park Building Name: RIVO ALTO AMD
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: None, Public Road, Sidewalks, Street Lights

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-33-001-0700
  • Lot Size Sq Ft: 11270
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 45815

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2019
Closed on
Nov 3, 2020
Sold by
Dearaujo Machado Fernando and Luchi Hellen Cristina
Bought by
Ruml C Carl and The Casa Azul Trust
Seller's Agent
Sladja Stantic
Real Broker LLC
Buyer's Agent
Paola Marulanda
One Sotheby's International Realty
List Price
$2,270,000
Sold Price
$1,880,000
Premium/Discount to List
-$390,000
-17.18%
Current Estimated Value
$4,239,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,359,352
Avg. Annual Appreciation
18.29%
Original Mortgage
$1,598,000
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 2, 2013
Closed on
Jul 7, 2014
Sold by
Sherman Matthew
Bought by
Machado Fernando De Araujo and Luchi Hellen Cristina
Seller's Agent
Dina Goldentayer
Douglas Elliman
Buyer's Agent
Barbara Miramontes
MMLS Assoc.-Inactive Member
List Price
$2,495,000
Sold Price
$2,300,000
Premium/Discount to List
-$195,000
-7.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.14%
Original Mortgage
$1,260,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 31, 2012
Closed on
Oct 10, 2012
Sold by
Kirovski Aleksandar and Kirovski Larissa
Bought by
Sherman Matthew
Seller's Agent
Dina Goldentayer
Douglas Elliman
Buyer's Agent
Dina Goldentayer
Douglas Elliman
List Price
$1,865,000
Sold Price
$1,865,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.80%

Purchase Details

Closed on
Mar 21, 2011
Sold by
Suarez Jorge L
Bought by
Kirovski Aleksandar

Purchase Details

Closed on
Nov 2, 2000
Sold by
Goldberg Jonathan S
Bought by
Suarez Jorge L

Purchase Details

Closed on
Jun 30, 1998
Sold by
Powell Axel & Jones Inc
Bought by
Katzenstein Sylvia S and Goldston Alan M
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
Ruml C Carl $1,880,000 Clear Title Services Inc
Machado Fernando De Araujo $2,300,000 Attorney
Sherman Matthew $1,865,000 Clear Title Services Inc
Kirovski Aleksandar $1,590,000 Attorney
Suarez Jorge L $575,000 --
Katzenstein Sylvia S $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Casa Azul Trust $7,035,000
Closed Casa Azul Trust $5,849,550
Closed Ruml C Carl $1,598,000
Previous Owner Machado Fernando De Araujo $350,000
Previous Owner Machado Fernando De Araujo $1,260,000
Previous Owner Suarez Jorge L $1,160,000
Previous Owner Suarez Jorge L $300,000
Previous Owner Suarez Jorge L $200,000
Previous Owner Suarez Jorge $800,000
Previous Owner Katzenstein Sylvia S $125,000
Previous Owner Katzenstein Sylvia S $605,500
Previous Owner Katzenstein Sylvia S $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2020 11/03/20 Sold $1,880,000 -12.6% $666 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
07/22/2020 07/22/20 Price Changed $2,150,000 -5.3% $761 / Sq Ft
06/11/2019 06/11/19 For Sale $2,270,000 -1.3% $804 / Sq Ft
07/07/2014 07/07/14 Sold $2,300,000 -7.8% $762 / Sq Ft
04/20/2014 04/20/14 Pending -- -- --
12/02/2013 12/02/13 For Sale $2,495,000 +33.8% $826 / Sq Ft
10/10/2012 10/10/12 Sold $1,865,000 0.0% $618 / Sq Ft
08/10/2012 08/10/12 Pending -- -- --
07/31/2012 07/31/12 For Sale $1,865,000 -- $618 / 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 $45,571 $4,587,670 -- --
2024 $39,491 $2,029,428 -- --
2023 $39,491 $1,844,935 $0 $0
2022 $43,403 $2,151,870 $0 $0
2021 $37,771 $1,956,246 $1,521,450 $434,796
2020 $35,756 $1,846,959 $1,408,750 $438,209
2019 $36,949 $1,906,722 $1,465,100 $441,622
2018 $45,815 $2,473,634 $2,028,600 $445,034
2017 $43,554 $2,196,049 $0 $0
2016 $38,779 $1,996,409 $0 $0
2015 $39,400 $1,988,638 $0 $0
2014 $32,791 $1,510,801 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sladja Stantic

    Seller's Agent in 2020

    Sladja Stantic

    Real Broker LLC

    (305) 799-7697

    2 in this area

    34 Total Sales

    Sladja Stantic
    Section Image
  • Paola Marulanda

    Buyer's Agent in 2020

    Paola Marulanda

    One Sotheby's International Realty

    (305) 496-0359

    1 in this area

    33 Total Sales

    Paola Marulanda
    Section Image
  • Dina Goldentayer

    Seller's Agent in 2014

    Dina Goldentayer

    Douglas Elliman

    (305) 695-6300

    34 in this area

    226 Total Sales

    Dina Goldentayer
    Section Image

  • B

    Buyer's Agent in 2014

    Barbara Miramontes

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10688908

MIAMI REALTORS® MLS

APN: 02-3233-001-0700

Florida Miami/Dade County Miami Beach 33139 Venetian Islands

48 E Rivo Alto Dr, Miami Beach, FL

This home is located at 48 E Rivo Alto Dr, Miami Beach, FL 33139 since 11 June 2019 and is currently estimated at $4,239,352, approximately $1,501 per square foot. This property was built in 1925. 48 E Rivo Alto Dr is a home located in Miami-Dade County with nearby schools including North Beach Elementary School, Nautilus Middle School, and Miami Beach 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.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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