NOT LISTED FOR SALE

511 N Mashta Dr Key Biscayne, FL 33149

Estimated Value: $6,134,000 - $12,720,991

3 Beds
3 Baths
4,510 Sq Ft
$2,088/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $11,800,000 $2,616 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $62,110/month

86 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Property Fronts a Bay or Harbor
  • Key Biscayne K-8 Center Rated A-
  • Guest House
  • Outdoor Pool

About This Home

As of April 2022

Exceptional and rare opportunity to renovate or build your dream home on one of the most sought-after double plus lots on wide-bodied Hurricane Harbour. Oversized 31,966 sq ft lot. includes 152 linear ft seawall and long deck jetting into the harbor. Ideal for multiple boat dockage and/or yacht. This unique custom Polynesian style pool home and guest house features Guyana Greenheart wood, teak, copper, and coral rock.

Last Agent to Sell the Property

Julian Johnston

The Corcoran Group License #3041178 Listed on: 01/11/2022

The Corcoran Group

Last Buyer's Agent

Vanesa Carpignano

Douglas Elliman License #3261456

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $147,267

Year Built

  • Built in 1985

Lot Details

  • 0.73 Acre Lot
  • 152 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • West Facing Home
  • Property is zoned 2001

Home Design

  • Concrete Roof

Interior Spaces

  • 4,510 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Formal Dining Room
  • Storage Room
  • Washer
  • Efficiency Studio
  • Wood Flooring
  • Water Views

Kitchen

  • Built-In Oven
  • Electric Range
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Parking

  • 4 Carport Spaces
  • Driveway
  • Open Parking
  • RV or Boat Parking

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Seawall
  • Private Dock
  • Shed
  • Porch

Additional Homes

  • Guest House
  • One Bathroom Guest House

Utilities

  • Central Air
  • Reverse Cycle Heating System

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-009-0080

Home Details

Home Type

Single Family

Est. Annual Taxes

$147,267

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1985
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Road Frontage Type: Bay
  • Garage Yn: No
  • 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_GuestHouseDescription: 1 Bath, Efficiency
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Built-in Features, Cooking Island, Walk-In Closet(s), Storage
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 4510
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Other
  • Dining Room Features: Formal Dining, Snack Bar/Counter
  • Living Room Features: Guest House, Storage Room

Exterior Features

  • Roof: Concrete
  • View: Water
  • Exterior Features: Fruit Trees
  • Construction Type: Other
  • Direction Faces: West
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Other Structures: Extra Building/Shed, Guest House
  • Patio And Porch Features: Open Porch
  • Pool Features: Other, Pool/Spa Combo
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Seawall
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MASHTA ISLAND A REPLAT OF
  • Carport Spaces: 4
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Covered, Driveway, Rv/Boat Parking, Limited # Of Vehicle

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Reverse Cycle Unit
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 24-52-05-009-0080
  • Lot Size Sq Ft: 31966
  • Zoning: 2001
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 147267

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2022
Closed on
Apr 8, 2022
Sold by
Warwick Mobile Home Park Llc
Bought by
Nores Tomas and Font Marina E
Seller's Agent
Julian Johnston
The Corcoran Group
Buyer's Agent
Vanesa Carpignano
Douglas Elliman
List Price
$12,500,000
Sold Price
$11,800,000
Premium/Discount to List
-$700,000
-5.6%
Current Estimated Value
$9,415,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,384,336
Avg. Annual Appreciation
-5.77%

Purchase Details

Listed on
Jun 19, 2019
Closed on
Mar 24, 2021
Sold by
Hegamyer Katharine and Hinckley Jacqueline Hegamyer
Bought by
Warwick Mobile Home Park Llc
Seller's Agent
Maureen Jauregui
Coldwell Banker Realty
Buyer's Agent
Maureen Jauregui
Coldwell Banker Realty
List Price
$8,995,000
Sold Price
$8,850,000
Premium/Discount to List
-$145,000
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.87%

Purchase Details

Closed on
May 22, 2012
Sold by
Hegamyer Katherine and Hinckley Jacquelyn Hegamyer
Bought by
Hegamyer Katherine and Hinckley Jacquelyn Hegamyer

Purchase Details

Closed on
Apr 9, 2008
Sold by
Hegamyer William H
Bought by
Hegamyer William H
Source: Public Records
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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
Nores Tomas $11,800,000 Marx Rosenthal Pllc
Warwick Mobile Home Park Llc $8,850,000 Sunbelt Title Agency
Hegamyer Katherine -- Attorney
Hegamyer William H -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2022 04/08/22 Sold $11,800,000 -5.6% $2,616 / Sq Ft
01/11/2022 01/11/22 For Sale $12,500,000 +41.2% $2,772 / Sq Ft
03/24/2021 03/24/21 Sold $8,850,000 -1.6% $2,250 / Sq Ft View Prior Sale
02/25/2021 02/25/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $8,995,000 +1.6% $2,286 / Sq Ft
12/23/2020 12/23/20 Off Market $8,850,000 -- --
06/23/2020 06/23/20 Price Changed $8,995,000 -9.1% $2,286 / Sq Ft
06/14/2019 06/14/19 For Sale $9,900,000 -- $2,517 / 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 $158,601 $10,321,786 -- --
2024 $161,900 $10,030,891 -- --
2023 $161,900 $9,738,730 $0 $0
2022 $188,152 $11,766,302 $11,667,590 $98,712
2021 $147,267 $8,881,163 $8,790,650 $90,513
2020 $153,334 $9,283,333 $8,790,650 $492,683
2019 $153,787 $9,287,649 $8,790,650 $496,999
2018 $148,828 $9,291,964 $8,790,650 $501,314
2017 $184,347 $9,000,000 $0 $0
2016 $180,782 $9,200,574 $0 $0
2015 $172,762 $8,364,159 $0 $0
2014 $157,680 $7,603,781 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11145202

MIAMI REALTORS® MLS

APN: 24-5205-009-0080