NOT LISTED FOR SALE

571 N Mashta Dr Key Biscayne, FL 33149

Estimated Value: $6,274,000 - $7,921,115

0.34 Acre
$20,875,171 Price per Acre
14,810 Sq Ft Lot

Last Sold December 20, 2019

Last sale price $5,250,000 $1,621 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $44,561/month

150 Days on Market

Highlights

  • Up to 90-Foot Boat
  • Property Fronts a Bay or Harbor
  • No HOA
  • Key Biscayne K-8 Center Rated A-
  • Canal Width is 81-120 Feet
  • Landscaped with Trees

About This Lot

As of December 2019

Fabulous waterfront land. Ultra prestigious Mashta Island on Key Biscayne. Large 15,200 sq ft directly on protected Harbor. Build to suit on the last available parcel on North Mashta Drive. Your dream home awaits!

Last Agent to Sell the Property

Maria Cecilia Sanchez

Great Properties International LLC License #3265314 Listed on: 06/11/2019

Great Properties International LLC

Last Buyer's Agent

Sea Realty

Sea Grove Realty License #3338135

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $66,953

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x152
  • Property Fronts a Bay or Harbor
  • North Facing Home
  • Landscaped with Trees
  • Property is zoned 2001

Property Views

  • Bay
  • Canal

Location

  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-009-0050

Community Details

Overview

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

Recreation

  • No Fixed Bridges
  • Canal Width is 81-120 Feet
  • Unrestricted saltwater access
  • Seawall
  • Up to 90-Foot Boat

Property Details

Property Type

Land

Est. Annual Taxes

$66,953

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Directions: From Rickenbacker Cswy turn right onto Harbor Dr, turn right at the roundabout with West Mashta Drive, turn right again onto N Mashta Drive, within 600 ft the lot will be on your right
  • Road Frontage Type: Bay
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access, Up to 90 Ft Boat
  • Lot Size Acres: 0.34
  • Lot Size: 100x152
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road
  • Road Surface Type: Paved
  • Structure Type: Residential
  • Subdivision Name: MASHTA ISLAND A REPLAT OF
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • View: Bay View, Canal View
  • Direction Faces: North
  • Lot Features: City Location, 1/4 To Less Than 1/2 Acre Lot, Build To Suit, Waterfront Bulkhead
  • Other Structures: None
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Width 81-120 Feet, No Fixed Bridges, Seawall
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MASHTA ISLAND A REPLAT OF

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Utilities: No Utilities, Electricity Available, Sewer Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 24-52-05-009-0050
  • Additional Parcels: No
  • Current Use: Residential, Check Land Use Plan, Unused
  • Development Status: Undeveloped
  • Lot Size Sq Ft: 15200
  • Zoning: 2001
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 66953

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2019
Closed on
Dec 20, 2019
Sold by
Pugla Investments Llc
Bought by
Carton Andrew
Seller's Agent
Maria Cecilia Sanchez
Great Properties International LLC
Buyer's Agent
Sea Realty
Sea Grove Realty
List Price
$5,900,000
Sold Price
$5,250,000
Premium/Discount to List
-$650,000
-11.02%
Current Estimated Value
$7,100,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,850,371
Avg. Annual Appreciation
5.07%

Purchase Details

Listed on
Jan 18, 2012
Closed on
Sep 9, 2013
Sold by
Zarif Salim and Zarif Kay
Bought by
Pugla Investments Llc
Seller's Agent
Audrey Ross, Ph.D
Compass Florida, LLC
Buyer's Agent
Kenneth Plotkin
MMLS Assoc.-Inactive Member
List Price
$7,500,000
Sold Price
$6,700,000
Premium/Discount to List
-$800,000
-10.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.81%

Purchase Details

Closed on
May 30, 2013
Sold by
Salim Zarim
Bought by
Tebille Consultants Inc

Purchase Details

Closed on
Jun 30, 1995
Sold by
Price Marjorie Vaughan
Bought by
Zarif Salim
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
Carton Andrew $5,250,000 Attorney
Pugla Investments Llc $6,700,000 Attorney
Tebille Consultants Inc -- Attorney
Zarif Salim $1,550,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2019 12/20/19 Sold $5,250,000 -11.0% $1,621 / Sq Ft
11/07/2019 11/07/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $5,900,000 -11.9% $1,822 / Sq Ft
09/09/2013 09/09/13 Sold $6,700,000 -10.7% $2,069 / Sq Ft View Prior Sale
05/31/2013 05/31/13 Pending -- -- --
02/28/2012 02/28/12 For Sale $7,500,000 -- $2,316 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $91,852 $6,119,938 -- --
2024 $84,924 $5,563,580 -- --
2023 $84,924 $5,057,800 $0 $0
2022 $79,673 $4,598,000 $0 $0
2021 $69,131 $4,180,000 $4,180,000 $0
2020 $69,055 $4,180,000 $4,180,000 $0
2019 $69,227 $4,180,000 $4,180,000 $0
2018 $66,954 $4,180,000 $4,180,000 $0
2017 $96,756 $5,988,800 $0 $0
2016 $98,963 $5,977,400 $0 $0
2015 $93,889 $5,434,000 $0 $0
2014 $85,466 $4,940,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10687785

MIAMI REALTORS® MLS

APN: 24-5205-009-0050