NOT LISTED FOR SALE

501 N Mashta Dr Key Biscayne, FL 33149

Estimated Value: $7,134,000 - $14,154,928

6 Beds
5.5 Baths
6,020 Sq Ft
$1,641/Sq Ft Est. Value

Last Sold May 20, 2022

Last sale price $11,000,000 $1,827 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $66,265/month

259 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • In Ground Pool
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Sauna

About This Home

As of May 2022

Please contact listing agent for any additional information.

Last Agent to Sell the Property

Dora Puig

Luxe Living Realty License #3268462 Listed on: 07/19/2021

Luxe Living Realty

Last Buyer's Agent

Renzo Mannarelli

Centennial Realty Group LLC License #3457422

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $147,431

Year Built

  • Built in 1974

Lot Details

  • 0.72 Acre Lot
  • 113 Ft Wide Lot
  • Home fronts a canal
  • Southwest Facing Home
  • Property is zoned 2001

Parking

  • 2 Car Attached Garage
  • Circular Driveway
  • Paver Block
  • Open Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,020 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Drapes & Rods
  • Blinds
  • Family Room
  • Formal Dining Room
  • Den
  • Sauna
  • Canal Views
  • Dryer

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Slate Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Shower Only

Outdoor Features

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-009-0100

Community Details

Overview

  • No Home Owners Association
  • Mashta Island A Replat Of Subdivision

Recreation

  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$147,431

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • 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: MASHTA ISLAND A REPLAT OF
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Wall Oven
  • Interior Amenities: First Floor Entry, Built-in Features, Walk-In Closet(s), Den/Library/Office, Family Room, Sauna
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Slate, Wood
  • Furnished: Unfurnished
  • Living Area: 6020
  • Possible Use: Secondary
  • Window Features: Blinds, Drapes
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Sauna
  • Master Bathroom Features: Bidet, Dual Sinks, Shower Only

Exterior Features

  • Roof: Other
  • View: Canal
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: Southwest
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Patio And Porch Features: Open Balcony, 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: MASHTA ISLAND A REPLAT OF
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Paver Block

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Pool, Exercise Room, Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 24-52-05-009-0100
  • Lot Size Sq Ft: 31474
  • Zoning: 2001
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 147431

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2023
Sold by
Martinez Jean Paul Martin Gabuteau
Bought by
G Mashta Llc
Current Estimated Value
$9,878,976

Purchase Details

Listed on
Jul 19, 2021
Closed on
May 17, 2022
Sold by
501 Key Biscayne Holdings Llc
Bought by
Martinez Jean Paul Martin
Seller's Agent
Dora Puig
Luxe Living Realty
Buyer's Agent
Renzo Mannarelli
Centennial Realty Group LLC
List Price
$12,500,000
Sold Price
$11,000,000
Premium/Discount to List
-$1,500,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.98%
Original Mortgage
$5,525,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2021
Sold by
Analakmar Llc
Bought by
Biscayne Holdings Llc

Purchase Details

Closed on
Mar 29, 2019
Sold by
Llobera Ana Margarita
Bought by
Analakmar Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
G Mashta Llc -- --
Martinez Jean Paul Martin $11,000,000 Contreras & Camacho Pa
Biscayne Holdings Llc $7,250,000 Attorney
Analakmar Llc $1,951,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinez Jean Paul Martin $5,525,000
Previous Owner Analakmar Llc $5,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2022 05/20/22 Sold $11,000,000 -12.0% $1,827 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
07/19/2021 07/19/21 For Sale $12,500,000 -- $2,076 / 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 $173,453 $12,027,455 -- --
2024 $161,517 $10,934,050 $10,444,056 $489,994
2023 $161,517 $10,007,237 $9,512,899 $494,338
2022 $187,532 $11,724,146 $10,908,062 $816,084
2021 $146,542 $8,834,019 $8,218,402 $615,617
2020 $147,431 $8,922,745 $8,218,402 $704,343
2019 $145,694 $8,928,741 $8,218,402 $710,339
2018 $126,612 $8,934,734 $8,218,402 $716,332
2017 $178,323 $9,000,000 $0 $0
2016 $174,761 $9,020,000 $0 $0
2015 $201,603 $11,924,430 $0 $0
2014 $46,765 $2,736,989 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dora Puig

    Seller's Agent in 2022

    Dora Puig

    Luxe Living Realty

    (305) 673-6787

    6 in this area

    184 Total Sales

    Dora Puig
    Section Image

  • R

    Buyer's Agent in 2022

    Renzo Mannarelli

    Centennial Realty Group LLC

    (786) 516-0659

    5 in this area

    12 Total Sales

    Renzo Mannarelli
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11068384

MIAMI REALTORS® MLS

APN: 24-5205-009-0100

Florida Miami/Dade County Key Biscayne 33149

501 N Mashta Dr, Key Biscayne, FL

Not Listed for Sale

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