NOT LISTED FOR SALE

Estimated Value: $8,655,000 - $10,945,391

6 Beds
6.5 Baths
7,712 Sq Ft
$1,239/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $10,750,000 $1,394 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $58,849/month

Highlights

  • Lake Front
  • In Ground Pool
  • Maid or Guest Quarters
  • Pinecrest Elementary School Rated A
  • Gated Community
  • Vaulted Ceiling

About This Home

As of May 2024

Serenely situated on the shores of Hammock Lake 2, this magnificent 6 BR, 6.5 BA 8,267 SF home looks straight out of Architectural Digest! The Cali-Mediterranean style property sits on a 43,996 SF lot in gated Hammock Lake & features stunning details throughout. Special features include a chef’s kitchen w/ hand-painted ceiling beams, antique French mantle detail around the Wolf range, & walk-in pantry. Gorgeous arches grace the central hallway & are echoed by the impact glass doors & windows. Arabesque-shaped tile flrs feature keystone trim that flows out to the patio. The home includes a formal living rm, dining rm, family rm, office, 2 BRs & BAs downstairs, w/ 4 BRs & BAs including the primary suite, on the 2nd floor. This is a home that must seen to be believed coveted Coral Gables!

Last Agent to Sell the Property

Ashley Cusack

BHHS EWM Realty License #0578555 Listed on: 02/12/2024

BHHS EWM Realty

Last Buyer's Agent

Ashley Cusack

BHHS EWM Realty License #0578555 Listed on: 02/12/2024

BHHS EWM Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $67,965

Year Built

  • Built in 2003

Lot Details

  • 1.01 Acre Lot
  • Lake Front
  • South Facing Home
  • Property is zoned 0100

HOA Fees

  • $412 Monthly HOA Fees

Parking

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

Property Views

  • Lake
  • Garden
  • Pool

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,712 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • French Doors
  • Entrance Foyer
  • Family Room

Kitchen

  • <<selfCleaningOvenToken>>
  • Gas Range
  • <<microwave>>
  • Dishwasher
  • Cooking Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Maid or Guest Quarters
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer

Home Security

  • High Impact Windows
  • High Impact Door

Outdoor Features

  • In Ground Pool
  • Patio
  • Exterior Lighting
  • Porch

Location

  • East of U.S. Route 1

Schools

  • Pinecrest Elementary School
  • Palmetto Middle School
  • Miami Palmetto High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 03-51-06-003-0170

Community Details

Overview

  • Hammock Lake No 2 Subdivision

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$67,965

Year Built

Built in 2003

Lot Details

0

HOA Fees

$412 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: HAMMOCK LAKE NO 2
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Gas Range, Refrigerator, Self Cleaning Oven
  • Interior Amenities: First Floor Entry, Cooking Island, Entrance Foyer, French Doors, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Family Room, Maid/In-Law Quarters, Utility Room/Laundry
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: High Impact Doors, French Doors
  • Entry Location: Foyer
  • Flooring: Ceramic Floor, Wood
  • Furnished: Unfurnished
  • Living Area: 7712
  • Possible Use: Unknown/Withheld
  • Window Features: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs
  • Living Room Features: Family Room, Maid/In-Law Quarters, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Barrel Roof
  • View: Garden, Lake, Pool
  • Exterior Features: Lighting
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Lot Features: 1 To Less Than 2 Acre Lot, East Of US 1
  • Patio And Porch Features: Open Porch, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Pool/No Ocean Access, Lake
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: HAMMOCK LAKE NO 2
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Paver Block

Utilities

  • Sewer: Septic Tank
  • 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 Fee: 4947
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated Community, Public Road, Security Patrol
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Pinecrest
  • High School: Miami Palmetto
  • Middle Or Junior School: Palmetto

Lot Info

  • Parcel Number: 03-51-06-003-0170
  • Lot Size Sq Ft: 43996
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 67965

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
May 1, 2024
Sold by
Fredman Kerin
Bought by
Mcdowell Derek and Mcdowell Julianne
Seller's Agent
Ashley Cusack
BHHS EWM Realty
Buyer's Agent
Ashley Cusack
BHHS EWM Realty
List Price
$11,995,000
Sold Price
$10,750,000
Premium/Discount to List
-$1,245,000
-10.38%
Views
17
Current Estimated Value
$9,555,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,194,536
Avg. Annual Appreciation
-9.50%

Purchase Details

Closed on
Feb 24, 2004
Sold by
Renaissance Companies Inc
Bought by
Fredman Andrew and Fredman Kerin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.75%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 26, 2000
Sold by
Roberto and Vazquez Suzel
Bought by
Renaissance Companies Inc
Source: Public Records

Range of Values:

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Average Value
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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
Mcdowell Derek $10,750,000 P & P Title Services
Fredman Andrew $4,199,000 --
Renaissance Companies Inc $825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fredman Andrew $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $10,750,000 -10.4% $1,394 / Sq Ft
02/13/2024 02/13/24 Pending -- -- --
02/12/2024 02/12/24 For Sale $11,995,000 -- $1,555 / 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
2024 $67,965 $3,583,595 -- --
2023 $67,965 $3,479,219 $0 $0
2022 $66,576 $3,377,883 $0 $0
2021 $66,462 $3,279,499 $0 $0
2020 $65,777 $3,234,220 $0 $0
2019 $64,556 $3,161,506 $0 $0
2018 $61,960 $3,102,558 $0 $0
2017 $61,501 $3,038,745 $0 $0
2016 $60,933 $2,976,244 $0 $0
2015 $61,169 $2,955,556 $0 $0
2014 $58,498 $2,932,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11531898

MIAMI REALTORS® MLS

APN: 03-5106-003-0170