NOT LISTED FOR SALE

505 Palermo Ave Coral Gables, FL 33134

Central Coral Gables Neighborhood

Estimated Value: $1,892,000 - $2,567,915

4 Beds
3.5 Baths
2,565 Sq Ft
$827/Sq Ft Est. Value

Sale Details

Date Sold: November 9, 2022

Last sale price $1,900,000 $741 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $13,977 / mo

63 Days on Market

Highlights

  • Room in yard for a pool
  • Wood Flooring
  • Fireplace
  • Coral Gables Preparatory Academy Rated A-
  • No HOA
  • 1 Car Attached Garage

About This Home

As of November 2022

EXCEPTIONAL single family home in the esteemed heart of Coral Gables on a double corner lot. This single level residence in The City Beautiful enjoys an enlarged and gracious outdoor social area and stunning landscaping. The interior boasts a distinct floor plan with the main house consisting of three bedrooms, two and a half baths, a new kitchen with custom cabinets, a large den area with multiple uses making it flexible for the next homeowner's needs. Finally there is a separate in-law suite with a full bathroom, kitchenette and separate entrance. All bathrooms are updated and the Master bathroom features a “spa” like wet room. Additionally, there is room for a pool or an addition allowing for a custom build-out.

Last Agent to Sell the Property

Charles Irwin

Compass Florida, LLC License #3489973 Listed on: 09/06/2022

Compass Florida, LLC

Last Buyer's Agent

Marc Sacheli

Sterling Equity Realty LLC License #3222170

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,746

Year Built

  • Built in 1941

Lot Details

  • 12,570 Sq Ft Lot
  • South Facing Home
  • Property is zoned 0100

Parking

  • 1 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Studio
  • Concrete Block With Brick
  • Flat Roof with Façade front
  • Tile Roof

Interior Spaces

  • 2,565 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Family Room
  • Property Views

Kitchen

  • Electric Range
  • Ice Maker

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub
  • Primary Bathroom includes a Walk-In Shower

Additional Features

  • Room in yard for a pool
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Coral Gables Biltmore Sec Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-41-17-008-3470

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,746

Year Built

Built in 1941

Lot Details

0.29 Acres

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1941
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: CORAL GABLES BILTMORE SEC
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Ice Maker, Electric Range, Refrigerator
  • Interior Amenities: Family Room, Studio Apartment
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Ceramic Floor, Wood
  • Furnished: Unfurnished
  • Living Area: 2565
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Master Bedroom Ground Level, Master Bath Shower, Master Bath Tub
  • Living Room Features: Family Room, Studio Apartment

Exterior Features

  • Roof: Flat Roof With Facade Front, Curved/S-Tile Roof
  • View: Other
  • Exterior Features: Room For Pool
  • Construction Type: Concrete Block With Brick
  • Direction Faces: South
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: CORAL GABLES BILTMORE SEC
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 03-41-17-008-3470
  • Lot Size Sq Ft: 12570
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 14746

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2024
Sold by
Bought by
Current Estimated Value
$2,121,229

Purchase Details

Listed on
Sep 6, 2022
Closed on
Nov 8, 2022
Sold by
Bought by
Seller's Agent
Charles Irwin
Compass Florida, LLC
Buyer's Agent
Marc Sacheli
Sterling Equity Realty LLC
List Price
$1,949,000
Sold Price
$1,900,000
Premium/Discount to List
-$49,000
-2.51%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.00%
Original Mortgage
$1,520,000
Interest Rate
0.0692%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 17, 2020
Closed on
Aug 6, 2020
Sold by
Bought by
Seller's Agent
Alex Castro
Coldwell Banker Realty
Buyer's Agent
Anabella Hidalgo
Compass Florida, LLC
List Price
$1,100,000
Sold Price
$940,000
Premium/Discount to List
-$160,000
-14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.53%

Purchase Details

Closed on
Apr 14, 2017
Sold by
Bought by

Purchase Details

Listed on
Oct 3, 2011
Closed on
Jan 26, 2012
Sold by
Bought by
Seller's Agent
Magaly Hurtado
MMLS Assoc.-Inactive Member
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Original Mortgage
$417,000
Interest Rate
0.0397%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 1999
Sold by
Bought by

Purchase Details

Closed on
Aug 27, 1996
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,900,000 Union Title
$940,000 Attorney
-- None Available
$550,000 Title Services Of Dade Inc
$229,000 --
$160,000 --
$100 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,520,000
Previous Owner $750,000
Previous Owner $225,000
Previous Owner $160,000
Previous Owner $417,000
Previous Owner $250,000
Previous Owner $290,000
Previous Owner $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2022 11/09/22 Sold $1,900,000 -2.5% $741 / Sq Ft
09/06/2022 09/06/22 For Sale $1,949,000 +107.3% $760 / Sq Ft
08/06/2020 08/06/20 Sold $940,000 -8.3% $366 / Sq Ft View Prior Sale
03/23/2020 03/23/20 Price Changed $1,025,000 -4.2% $400 / Sq Ft
03/13/2020 03/13/20 Price Changed $1,070,000 -2.7% $417 / Sq Ft
01/17/2020 01/17/20 For Sale $1,100,000 0.0% $429 / Sq Ft
08/01/2017 08/01/17 Rented $4,250 -6.6% --
06/19/2017 06/19/17 Under Contract -- -- --
05/26/2017 05/26/17 For Rent $4,550 +7.1% --
07/01/2016 07/01/16 Rented $4,250 -6.6% --
05/26/2016 05/26/16 Under Contract -- -- --
05/03/2016 05/03/16 Price Changed $4,550 -22.9% $2 / Sq Ft
02/19/2016 02/19/16 For Rent $5,900 0.0% --
01/27/2012 01/27/12 Sold $550,000 0.0% $236 / Sq Ft View Prior Sale
12/15/2011 12/15/11 Pending -- -- --
10/03/2011 10/03/11 For Sale $550,000 -- $236 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $27,958 $1,618,665
2024 $27,282 $1,573,047
2023 $27,282 $1,527,231 $0 $0
2022 $15,688 $845,296 $0 $0
2021 $14,746 $820,676 $660,399 $160,277
2020 $17,453 $873,755 $660,399 $213,356
2019 $17,328 $874,130 $660,399 $213,731
2018 $16,020 $874,504 $660,399 $214,105
2017 $14,026 $710,427 $0 $0
2016 $13,118 $639,111 $0 $0
2015 $12,269 $581,010 $0 $0
2014 $10,452 $501,333 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Charles Irwin

    Compass Florida, LLC

    (917) 374-8239

    2 in this area

    6 Total Sales

    Charles Irwin
    Section Image
  • Marc Sacheli

    Buyer's Agent in 2022

    Marc Sacheli

    Sterling Equity Realty LLC

    (305) 898-2818

    1 in this area

    20 Total Sales

    Marc Sacheli
    Section Image
  • Alex Castro

    Seller's Agent in 2020

    Alex Castro

    Coldwell Banker Realty

    (305) 972-4117

    1 in this area

    33 Total Sales

    Alex Castro
    Section Image
  • Anabella Hidalgo

    Buyer's Agent in 2020

    Anabella Hidalgo

    Compass Florida, LLC

    (305) 302-8118

    7 Total Sales

    Anabella Hidalgo
    Section Image

  • J

    Seller's Agent in 2016

    Juan Patino

    Avanti Way Realty LLC

    (305) 332-6452

    8 Total Sales

    Juan Patino
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11268614

MIAMI REALTORS® MLS

APN: 03-4117-008-3470

Florida Miami/Dade County Coral Gables 33134 Central Coral Gables

505 Palermo Ave, Coral Gables, FL

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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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