$9,500,000
SOLD OCT 31, 2024 RENTED FEB 6, 2025
4 Beds
4.5 Baths
3,528 Sq Ft
0.47 Acres

Recently Sold

$2,693 Per Sq Ft

14 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • In Ground Pool
  • Sunset Elementary School Rated A
  • Home fronts navigable water
  • Gated Community

About This Home

As of October 2024

Located on a wide waterway with no bridges and a short boat ride to the open bay, this 20,300 square foot lot is the opportunity of a lifetime in guard gated Old Cutler Bay! The existing 1-story 4 bedroom, 4.5 bathroom home spans 4,108 square feet and is an ideal rental property while you work on plans to expand or build new. With approximately 139’ on the water, build your waterfront dream home in one of South Florida’s finest neighborhoods!

Last Agent to Sell the Property

Ashley Cusack

BHHS EWM Realty License #0578555 Listed on: 09/12/2024

BHHS EWM Realty

Last Buyer's Agent

Dennis Carvajal

One Sotheby's International Realty License #3034699

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,546

Year Built

  • Built in 1968

Lot Details

  • 0.47 Acre Lot
  • 139 Ft Wide Lot
  • Home fronts navigable water
  • Home fronts a canal
  • Southeast Facing Home
  • Property is zoned 0100

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Circular Driveway
  • Open Parking

Property Views

  • Canal
  • Pool

Home Design

  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,528 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Formal Dining Room
  • Laundry in Utility Room

Kitchen

  • Breakfast Area or Nook
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Private Dock
  • Porch

Schools

  • Sunset Elementary School
  • Ponce De Leon Middle School
  • Coral Gables High School

Additional Features

  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 03-51-05-008-0040

Community Details

Overview

  • Old Cutler Bay Sec 4 Subdivision
  • The community has rules related to no recreational vehicles or boats

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,546

Year Built

Built in 1968

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1968
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: OLD CUTLER BAY SEC 4
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Interior Amenities: First Floor Entry, Entrance Foyer, Utility Room/Laundry
  • Spa Yn: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Location: Foyer
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 3528
  • Possible Use: Unknown/Withheld
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Breakfast Area, Formal Dining
  • Living Room Features: Utility Room/Laundry

Exterior Features

  • Roof: Flat Tile
  • View: Canal, Pool
  • Construction Type: CBS Construction
  • Direction Faces: Southeast
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, East Of US 1
  • Patio And Porch Features: Open Porch
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front, Navigable Water, No Fixed Bridges
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: OLD CUTLER BAY SEC 4
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, No Rv/Boats

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 Fee: 1000
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated Community, Paved Road, Public Road
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Sunset
  • High School: Coral Gables
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel Number: 03-51-05-008-0040
  • Lot Size Sq Ft: 20300
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 28546

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Oct 25, 2024
Sold by
Irvin Mary Frances
Bought by
Four Cps Genesis I Llc
Seller's Agent
Ashley Cusack
BHHS EWM Realty
Buyer's Agent
Dennis Carvajal
One Sotheby's International Realty
List Price
$9,500,000
Sold Price
$9,500,000
Current Estimated Value
$8,175,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,324,611
Avg. Annual Appreciation
-19.31%

Purchase Details

Closed on
Feb 21, 2024
Sold by
Irvin Mary Frances
Bought by
Irvin Mary Frances
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Real Property Title Group
Warranty Deed -- Real Property Title Group
Warranty Deed -- None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2025 02/06/25 Rented $12,500 0.0% --
01/16/2025 01/16/25 Price Changed $12,500 -30.6% $4 / Sq Ft
12/02/2024 12/02/24 For Rent $18,000 0.0% --
10/31/2024 10/31/24 Sold $9,500,000 0.0% $2,693 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $9,500,000 -- $2,693 / 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 $28,546 $1,344,348 -- --
2023 $28,546 $1,305,193 $0 $0
2022 $26,896 $1,267,178 $0 $0
2021 $26,844 $1,230,270 $0 $0
2020 $26,587 $1,213,285 $0 $0
2019 $27,022 $1,186,007 $0 $0
2018 $25,029 $1,163,894 $0 $0
2017 $24,854 $1,139,955 $0 $0
2016 $24,330 $1,116,509 $0 $0
2015 $24,548 $1,108,748 $0 $0
2014 $24,201 $1,099,949 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11658142

MIAMI REALTORS® MLS

APN: 03-5105-008-0040