NOT LISTED FOR SALE

Estimated Value: $5,259,000 - $6,451,000

5 Beds
5.5 Baths
4,997 Sq Ft
$1,194/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $4,250,000 $851 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $38,246/month

Highlights

  • Bar or Lounge
  • Gated with Attendant
  • Sitting Area In Primary Bedroom
  • Sunset Elementary School Rated A
  • Outdoor Pool
  • Maid or Guest Quarters

About This Home

As of April 2024

Come and live in the prestigious gated community of Hammock Lakes in Coral Gables. House has 39,204 sq foot of land surrounded by tropical lush landscaping. It features floor to ceiling windows w/ views to pool/backyard area. Features 2 bdrms downstairs & 3 upstairs w/ add'l office loft on last level. All ensuites. Comes w/ gourmet kitchen, wet bar/family room area, formal living/dining room, private sauna, outside walkway trails, oversized pool and plenty of outdoor space. The community is one of a kind. Living in Hammock Lakes is like living in your own private community away from it all. Can be rented short term. Lawn & pool maintenance included.

Last Agent to Rent the Property

Maria Isabel Salum

One Sotheby's International Realty License #3338536 Listed on: 01/23/2024

One Sotheby's International Realty

Last Renter's Agent

Yazan Kherfan

Miami Elite Homes, LLC License #3255081

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $80,748

Year Built

  • Built in 1987

Lot Details

  • 0.9 Acre Lot
  • North Facing Home
  • Property is zoned 0100

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Circular Driveway
  • Open Parking

Property Views

  • Garden
  • Pool

Home Design

  • Flat Roof with Façade front
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,997 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Built-In Features
  • Vaulted Ceiling
  • Blinds
  • Family Room
  • Combination Dining and Living Room
  • Den
  • Sun or Florida Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Property Available on 1/22/24
  • 1 Year With Renewal Option,Short Term Lease Lease Term
  • Assessor Parcel Number 03-51-06-015-0020

Community Details

Overview

  • No Home Owners Association
  • Hammock Pk 1St Addn Subdivision
  • Maintained Community

Amenities

  • Sauna
  • Bar or Lounge

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$80,748

Year Built

Built in 1987

Lot Details

0

Parking

2

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2024-01-22
  • Lease Term: 1 Year With Renewal Option,Short Term Lease

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1987
  • Property Sub Type: Single Family Residence
  • Architectural Style: First Floor Entry, Multi Level
  • Garage Yn: Yes
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: HAMMOCK PK 1ST ADDN
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, 3 Bedroom Split, Volume Ceilings, Walk-In Closet(s), Wet Bar, Den/Library/Office, Family Room, Florida Room, Maid/In-Law Quarters, Utility Room/Laundry
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Flooring: Carpet, Tile
  • Furnished: Unfurnished
  • Living Area: 4997
  • Other Equipment: Automatic Garage Door Opener
  • Stories: 3
  • Window Features: Clear Impact Glass, Blinds, High Impact Windows, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs, Sitting Area - Primary Bedroom
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Living Room Features: Den/Library/Office, Family Room, Florida Room, Laundry, Maid/In-Law Quarters, Utility Room/Laundry

Exterior Features

  • Roof: Flat Roof With Facade Front
  • View: Garden, Pool
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Pool Features: Other
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: HAMMOCK PK 1ST ADDN
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Spaces, Circular Driveway

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Laundry Room, Utility Room/Laundry
  • Security: Smoke Detector, Gated with Guard, Security Patrol

Condo/Co-op/Association

  • Amenities: Bar, Guard At Gate, Sauna, Security Patrol
  • Association: No
  • Community Features: Maintained Community, Security Patrol

Lot Info

  • Parcel Number: 03-51-06-015-0020
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 39204
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Sep 1, 2022
Sold by
Weinberger Malvin H and Weinberger Irene H
Bought by
494 Hammock Lake Dr Llc
Seller's Agent
Lisa Fox
Coldwell Banker Realty
Buyer's Agent
Maria Isabel Salum
One Sotheby's International Realty
List Price
$4,200,000
Sold Price
$4,250,000
Premium/Discount to List
$50,000
1.19%
Views
4
Current Estimated Value
$5,967,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,717,999
Avg. Annual Appreciation
11.81%
Source: Public Records

Range of Values:

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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
494 Hammock Lake Dr Llc $4,250,000 --
494 Hammock Lake Dr Llc $4,250,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weinberger Malvin $128,129
Previous Owner Weinberger Malvin $150,000
Previous Owner Weinberger Malvin $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Rented $10,500 0.0% --
03/13/2024 03/13/24 Under Contract -- -- --
03/04/2024 03/04/24 Price Changed $10,500 -4.5% $2 / Sq Ft
02/27/2024 02/27/24 Price Changed $11,000 -6.4% $2 / Sq Ft
02/23/2024 02/23/24 Price Changed $11,750 -2.1% $2 / Sq Ft
02/13/2024 02/13/24 Price Changed $12,000 -4.0% $2 / Sq Ft
02/02/2024 02/02/24 Price Changed $12,500 -3.8% $3 / Sq Ft
01/29/2024 01/29/24 Price Changed $13,000 -13.3% $3 / Sq Ft
01/23/2024 01/23/24 For Rent $15,000 0.0% --
09/01/2022 09/01/22 Sold $4,250,000 +1.2% $870 / Sq Ft
07/18/2022 07/18/22 For Sale $4,200,000 -- $860 / 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 $80,748 $4,008,235 $3,136,320 $871,915
2024 $79,576 $3,973,662 -- --
2023 $79,576 $3,612,420 $2,727,394 $885,026
2022 $27,629 $1,249,251 $0 $0
2021 $27,577 $1,212,866 $0 $0
2020 $27,324 $1,196,121 $0 $0
2019 $26,871 $1,169,229 $0 $0
2018 $25,840 $1,147,428 $0 $0
2017 $25,667 $1,123,828 $0 $0
2016 $25,121 $1,100,714 $0 $0
2015 $24,926 $1,093,063 $0 $0
2014 $21,761 $1,084,388 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11518833

MIAMI REALTORS® MLS

APN: 03-5106-015-0020