NOT LISTED FOR SALE

520 S Mashta Dr Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood

Estimated Value: $4,793,000 - $15,518,832

4 Beds
4 Baths
3,085 Sq Ft
$3,091/Sq Ft Est. Value

Last Sold February 26, 2024

Last sale price $16,500,000 $5,348 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $67,730/month

25 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • In Ground Pool
  • Key Biscayne K-8 Center Rated A-
  • Property Fronts a Bay or Harbor
  • 22,140 Sq Ft lot

About This Home

As of February 2024

CROWN JEWEL OF KEY BISCAYNE! Captivating wide open Bay vistas on rare
sought after S. Mashta Drive. Situated among luxurious multi-million dollar
mansions, it offers unparalleled privacy and security. Highlight of this property
is its expansive 22,140 sq.ft. WF lot providing breathtaking views of the Bay,
from private yachts passing by to mesmerizing sunsets. Enjoy 3,085 sq.ft. recently
renovated “Hamptons like” villa as you imagine your dream home. Home can
also be easily leased to generate income. Excellent school system, Int'l
boutiques, and restaurants. Nestled between two exquisite parks boasting pristine
white sandy beaches, golf & tennis centers. Twenty minutes from vibrant
areas of Brickell Ave & Coconut Grove. 25 minutes from heart of S. Beach and
Miami Int’l. airport.

Last Agent to Sell the Property

Pamela Ibarguen-Mann

Fortune Christie's Intl R.E. License #0360342 Listed on: 12/20/2023

Fortune Christie's Intl R.E.

Co-Listed By

Nelson Duque

Fortune Christie's Intl R.E. License #3123356

Last Buyer's Agent

Jonathan Matos

Douglas Elliman License #3299627

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $163,377

Year Built

  • Built in 1961

Lot Details

  • 0.51 Acre Lot
  • 135 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • West Facing Home
  • Property is zoned 20/ESTAT

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Guest Parking

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 3,085 Sq Ft Home
  • 1-Story Property
  • Sliding Windows
  • Ceramic Tile Flooring
  • Bay Views
  • High Impact Door

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Dryer

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Seawall
  • Private Dock
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Mashta Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-009-0170

Home Details

Home Type

Single Family

Est. Annual Taxes

$163,377

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1961
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Co List Office Mls Id: FINR02
  • Co List Office Phone: 305-856-2600
  • Directions: TAKE CRANDON BLVD. TO W. MASHATA DR.. RT. ALL THE WAY TO S. MASHTA DRIVE. RT. TO THIRD HOUSE ON LEFT.
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: MASHTA ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Cooking Island, Pantry, Split Bedroom, Walk-In Closet(s), Utility Room/Laundry
  • Spa Yn: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 3085
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Window Features: Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Eat-In Kitchen
  • Living Room Features: Utility Room/Laundry

Exterior Features

  • Roof: Barrel Roof
  • View: Bay, Water
  • Exterior Features: Lighting
  • Direction Faces: West
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, No Fixed Bridges, Seawall
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MASHTA ISLAND
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Covered, Guest

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 24-52-05-009-0170
  • Lot Size Sq Ft: 22140
  • Zoning: 20/ESTAT
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 163377

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2023
Closed on
Feb 23, 2024
Sold by
Ferre Maurice R and Ferre Maria Dolores
Bought by
Finch Development Corp
Seller's Agent
Pamela Ibarguen-Mann
Fortune Christie's Intl R.E.
Buyer's Agent
Jonathan Matos
Douglas Elliman
List Price
$17,200,000
Sold Price
$16,500,000
Premium/Discount to List
-$700,000
-4.07%
Views
146
Current Estimated Value
$9,534,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,965,389
Avg. Annual Appreciation
-28.84%

Purchase Details

Listed on
Feb 19, 2014
Closed on
Apr 11, 2014
Sold by
Donner Joseph W and Donner Pamela C
Bought by
Ferre Maurice R and Ferre Maria Dolores
Seller's Agent
Pamela Ibarguen-Mann
Fortune Christie's Intl R.E.
Buyer's Agent
Elizabeth Warner
MMLS Assoc.-Inactive Member
List Price
$9,000,000
Sold Price
$8,700,000
Premium/Discount to List
-$300,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%
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
Finch Development Corp $16,500,000 None Listed On Document
Ferre Maurice R $8,700,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferre Maurice R $8,901,000
Previous Owner Ferre Maurice R $5,655,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2024 02/26/24 Sold $16,500,000 -4.1% $5,348 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
12/20/2023 12/20/23 For Sale $17,200,000 0.0% $5,575 / Sq Ft
06/01/2018 06/01/18 Rented $24,000 -12.7% --
02/16/2018 02/16/18 For Rent $27,500 +77.4% --
08/01/2015 08/01/15 Rented $15,500 -22.5% --
07/02/2015 07/02/15 Under Contract -- -- --
10/28/2014 10/28/14 For Rent $20,000 0.0% --
04/15/2014 04/15/14 Sold $8,700,000 -3.3% $2,397 / Sq Ft
03/10/2014 03/10/14 Pending -- -- --
02/19/2014 02/19/14 For Sale $9,000,000 -- $2,479 / 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 $194,171 $13,967,621 $13,726,800 $240,821
2024 $179,582 $11,953,597 -- --
2023 $179,582 $10,866,907 $0 $0
2022 $163,377 $9,879,007 $0 $0
2021 $154,367 $9,313,016 $9,188,100 $124,916
2020 $148,349 $8,981,814 $8,856,000 $125,814
2019 $148,733 $8,982,712 $8,856,000 $126,712
2018 $143,889 $8,983,609 $8,856,000 $127,609
2017 $167,074 $10,194,286 $0 $0
2016 $162,580 $9,267,533 $0 $0
2015 $142,423 $8,425,030 $0 $0
2014 $140,649 $7,688,036 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Pamela Ibarguen-Mann

    Fortune Christie's Intl R.E.

    (305) 856-2600

    2 in this area

    4 Total Sales

    Pamela Ibarguen-Mann
    Section Image
  • Nelson Duque

    Seller Co-Listing Agent in 2024

    Nelson Duque

    Fortune Christie's Intl R.E.

    (305) 332-3343

    2 in this area

    14 Total Sales

    Nelson Duque
    Section Image
  • Jonathan Matos

    Buyer's Agent in 2024

    Jonathan Matos

    Douglas Elliman

    (305) 695-6300

    2 in this area

    7 Total Sales

    Jonathan Matos
    Section Image
  • Shelia Gasson

    Buyer's Agent in 2018

    Shelia Gasson

    Compass Florida, LLC

    (305) 323-0963

    12 Total Sales

    Shelia Gasson
    Section Image

  • E

    Buyer's Agent in 2014

    Elizabeth Warner

    MMLS Assoc.-Inactive Member

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11502495

MIAMI REALTORS® MLS

APN: 24-5205-009-0170

Florida Miami/Dade County Key Biscayne 33149 Village of Key Biscayne

520 S Mashta Dr, Key Biscayne, FL

This home is located at 520 S Mashta Dr, Key Biscayne, FL 33149 since 20 December 2023 and is currently estimated at $9,534,611, approximately $3,090 per square foot. This property was built in 1961. 520 S Mashta Dr is a home located in Miami-Dade County with nearby schools including Key Biscayne K-8 Center, Ponce de Leon Middle School, and Coral Gables 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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