NOT LISTED FOR SALE

550 Sabal Palm Rd Miami, FL 33137

Upper East Side South Neighborhood

Estimated Value: $4,390,000 - $6,854,282

5 Beds
5.5 Baths
5,366 Sq Ft
$1,116/Sq Ft Est. Value

Last Sold January 09, 2017

Last sale price $2,080,000 $388 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $35,209/month

67 Days on Market

Highlights

  • Heated In Ground Pool
  • Gated Community
  • Recreation Room
  • Sitting Area In Primary Bedroom
  • Deck
  • 3-minute walk to Albert Pallot Park

About This Home

As of January 2017

This architecturally significant Bay Point residence is reminiscent of an inviting & stately French Chateau. This home is ready for you to make it their own & move right into the prestigious privately guard gated community w/ 24/7 security. Designed for current sole owners the interior spaces flow seamlessly blending w/ the exterior. Chef’s kitchen, library, Billiard’s & Florida room. Bathrooms renovated elegantly w/Waterworks. Impact glass & doors. Gorgeous yard w/ pool surrounded by rose gardens.

Last Agent to Sell the Property

Jill Penman

One Sotheby's International Realty License #3055685 Listed on: 08/29/2016

One Sotheby's International Realty

Last Buyer's Agent

Jill Penman

One Sotheby's International Realty License #3055685 Listed on: 08/29/2016

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,278

Year Built

  • Built in 1972

Lot Details

  • 0.37 Acre Lot
  • North Facing Home
  • Fenced
  • Oversized Lot

HOA Fees

  • $220 Monthly HOA Fees

Property Views

  • Garden
  • Pool

Home Design

  • Flat Roof with Façade front
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,366 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Fireplace
  • Awning
  • Drapes & Rods
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Recreation Room
  • Sun or Florida Room
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Parquet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Parking

  • Driveway
  • On-Street Parking
  • Open Parking

Pool

  • Heated In Ground Pool
  • Pool Equipment Stays

Outdoor Features

  • Deck
  • Porch

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 01-32-19-008-0431

Community Details

Overview

  • Bay Point Subdivision
  • Mandatory home owners association

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,278

Year Built

Built in 1972

Lot Details

0

HOA Fees

$220 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1972
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Directions: ENTRY INTO GUARD GATED BAYPOINT COMMUNITY AT 45TH & BISCAYNE BLVD RIGHT ON BAY POINT RD TO SABAL PALM ROAD. CLOSE TO WYNWOOD, DESIGN DISTRICT & MIAMI BEACH. LIVE IN THE EPICENTER OF THE CITY OF MIAMI!
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: Bay Point
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Other Equipment/Appliances, Gas Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Entrance Foyer, French Doors, Pantry, Walk-In Closet(s), Den/Library/Office, Family Room, Florida Room, Recreation Room, Storage, Utility Room/Laundry
  • Spa Yn: No
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: High Impact Doors, French Doors
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble, Parquet, Wood
  • Furnished: Unfurnished
  • Living Area: 5366
  • Other Equipment: Natural Gas
  • Possible Use: Unknown/Withheld
  • Window Features: Drapes, High Impact Windows, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Sitting Area - Primary Bedroom, Primary Bedroom Upstairs, Other
  • Dining Room Features: Eat-In Kitchen, Formal Dining, Other
  • Living Room Features: Den/Library/Office, Family Room, Florida Room, Recreation Room, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Flat Roof With Facade Front
  • View: Garden, Pool
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, East Of US 1, Oversized Lot
  • Patio And Porch Features: Awning(s), Deck, Open Porch
  • Pool Features: In Ground, Equipment Stays, Heated
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Bay Point
  • Open Parking: Yes
  • Parking Features: Driveway, On Street

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
  • Security: Owned Burglar Alarm, Smoke Detector

Condo/Co-op/Association

  • Association Fee: 2634
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated Community, Mandatory Hoa, Private Roads, Security Patrol, Street Lights
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 01-32-19-008-0431
  • Lot Size Sq Ft: 16315
  • Zoning: R-1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 9278

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2016
Closed on
Jan 9, 2017
Sold by
Apfel Robert and Apfel Kay Hancock
Bought by
Helmstetter George and Helmstetter Nicole
Seller's Agent
Jill Penman
One Sotheby's International Realty
Buyer's Agent
Jill Penman
One Sotheby's International Realty
List Price
$2,389,000
Sold Price
$2,080,000
Premium/Discount to List
-$309,000
-12.93%
Current Estimated Value
$5,988,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,908,071
Avg. Annual Appreciation
13.45%
Original Mortgage
$1,614,000
Interest Rate
2.65%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Helmstetter George $2,017,600 San Carlos Title Services In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Helmstetter George $1,700,000
Closed Helmstetter George $500,000
Closed Helmsteffer George $500,000
Closed Helmstetter George $1,614,000
Previous Owner Apfel Robert $100,000
Previous Owner Apfel Kay Hancock $255,000
Previous Owner Apfel Robert $170,000
Previous Owner Affel Robert $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2017 01/09/17 Sold $2,080,000 -12.9% $388 / Sq Ft
11/05/2016 11/05/16 Pending -- -- --
08/29/2016 08/29/16 For Sale $2,389,000 -- $445 / 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 $37,021 $1,925,016 -- --
2024 $36,856 $1,870,764 -- --
2023 $36,856 $1,816,276 $0 $0
2022 $35,866 $1,763,375 $0 $0
2021 $35,867 $1,712,015 $0 $0
2020 $35,453 $1,688,378 $0 $0
2019 $34,722 $1,650,419 $1,109,420 $540,999
2018 $33,557 $1,625,957 $1,109,420 $516,537
2017 $9,114 $454,037 $0 $0
2016 $9,178 $444,699 $0 $0
2015 $9,278 $441,608 $0 $0
2014 $9,381 $438,104 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jill Penman

    Seller's Agent in 2017

    Jill Penman

    One Sotheby's International Realty

    (786) 321-2190

    124 Total Sales

    Jill Penman
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10138737

MIAMI REALTORS® MLS

APN: 01-3219-008-0431

Florida Miami/Dade County Miami 33137 Upper East Side South

550 Sabal Palm Rd, Miami, FL

This home is located at 550 Sabal Palm Rd, Miami, FL 33137 since 29 August 2016 and is currently estimated at $5,988,071, approximately $1,115 per square foot. This property was built in 1972. 550 Sabal Palm Rd is a home located in Miami-Dade County with nearby schools including Morningside K-8 Academy, Horace Mann Middle School, and Booker T. Washington 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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