NOT LISTED FOR SALE

5881 SW 116th St Coral Gables, FL 33156

Gables By The Sea Neighborhood

Estimated Value: $3,825,000 - $4,202,000

6 Beds
5.5 Baths
5,195 Sq Ft
$764/Sq Ft Est. Value

Last Sold February 24, 2012

Last sale price $1,050,000 $202 Per Sq Ft

Est. 278% increase in value since last sale

Current estimated payment $23,436/month

36 Days on Market

Highlights

  • In Ground Pool
  • 37,561 Sq Ft lot
  • Main Floor Bedroom
  • Pinecrest Elementary School Rated A
  • Roman Tub
  • Garden View

About This Home

As of February 2012

Southern elegant charm, impressive grand 2-story foyer, 6 Bdrms, 5.5 Bths, enormous family home on 1 acre in Pine Bay Estates, in a quiet upscale neighborhood. Excellent public & private schools. Formal living room & dining room, eat-in kitchen w/ island, den, family room w/ F/P & wet bar. Great home for entertaining. Four Bdrms upstairs, including master, two bdrms downstairs. Covered patio off pool area, fenced yard. FHP roaming security. Fantastic opportunity to renovate into your dream home.

Last Agent to Sell the Property

Alan Drecksler

MMLS Assoc.-Inactive Member License #0316355 Listed on: 12/17/2011

Last Buyer's Agent

Alan Drecksler

MMLS Assoc.-Inactive Member License #0316355 Listed on: 12/17/2011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,550

Year Built

  • Built in 1970

Lot Details

  • 0.86 Acre Lot
  • South Facing Home
  • Fenced
  • Interior Lot
  • Property is zoned 1 /S FM

HOA Fees

  • $38 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Circular Driveway
  • Open Parking

Property Views

  • Garden
  • Pool

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 5,195 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Den
  • Intercom Access

Kitchen

  • Built-In Oven
  • Electric Range
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Roman Tub

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Pool

  • In Ground Pool
  • Gunite Pool

Outdoor Features

  • Patio
  • Exterior Lighting

Location

  • East of U.S. Route 1

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 03-50-12-030-0090

Community Details

Overview

  • Pine Bay Estates Sec No 1,Pine Bay Estates Subdivision

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,550

Year Built

Built in 1970

Lot Details

0

HOA Fees

$38 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Directions: TAKE RED ROAD (SW 57 AVE) - SOUTH TO SW 117 TERRACE, TURN RIGHT, GO TO STOP SIGN, TURN RIGHT, TO SW 116 STREET, TURN LEFT, HOUSE IS ON THE RIGHT SIDE OF THE STREET.
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: PINE BAY ESTATES SEC NO 1,Pine Bay Estates
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Ice Maker, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Entrance Foyer, Laundry Tub, Roman Tub, Wet Bar, Den/Library/Office, Family Room
  • Spa Yn: No
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Furnished: Unfurnished
  • Living Area: 5195
  • Other Equipment: Intercom
  • Window Features: Hurricane Shutters
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Living Room Features: Den/Library/Office, Family Room

Exterior Features

  • Roof: Barrel Roof
  • View: Garden, Pool
  • Exterior Features: Lighting
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: 1 To Less Than 2 Acre Lot, East Of US 1, Interior Lot
  • Patio And Porch Features: Patio
  • Pool Features: In Ground, Gunite
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: PINE BAY ESTATES SEC NO 1
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub

Condo/Co-op/Association

  • Association Fee: 450
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Paved Road, 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: 03-50-12-030-0090
  • Lot Size Sq Ft: 37561
  • Zoning: 1 /S FM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2009
  • Tax Annual Amount: 13550

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2024
Sold by
Gonzalez Mestre Manuel and Larrazabal Martinez Nydia
Bought by
Mestre Manuel Gonzalez and Martinez Nydia L
Current Estimated Value
$3,966,839

Purchase Details

Listed on
Dec 17, 2011
Closed on
Feb 21, 2012
Sold by
Rosen Howard B
Bought by
Mestre Manuel Gonzalez and Martinez Nydia L Larrazabal
Seller's Agent
Alan Drecksler
MMLS Assoc.-Inactive Member
Buyer's Agent
Alan Drecksler
MMLS Assoc.-Inactive Member
List Price
$1,050,000
Sold Price
$1,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.28%
Original Mortgage
$840,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 1997
Sold by
Rosen Howard B and Rosen Shirley B
Bought by
Rosen Shirley B and Rosen Suc Howard B
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
Mestre Manuel Gonzalez -- None Listed On Document
Mestre Manuel Gonzalez $1,050,000 Attorney
Rosen Shirley B $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mestre Manuel Gonzalez $840,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2012 02/24/12 Sold $1,050,000 0.0% $202 / Sq Ft
01/23/2012 01/23/12 Pending -- -- --
12/17/2011 12/17/11 For Sale $1,050,000 -- $202 / 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 $21,403 $1,092,345 -- --
2024 $20,946 $1,061,560 -- --
2023 $20,946 $1,030,641 $0 $0
2022 $20,383 $1,000,623 $0 $0
2021 $20,339 $971,479 $0 $0
2020 $19,686 $958,067 $0 $0
2019 $18,188 $936,527 $0 $0
2018 $18,255 $919,065 $0 $0
2017 $18,459 $900,162 $0 $0
2016 $18,239 $881,648 $0 $0
2015 $18,209 $875,520 $0 $0
2014 $18,290 $868,572 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Alan Drecksler

    MMLS Assoc.-Inactive Member

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1585116

MIAMI REALTORS® MLS

APN: 03-5012-030-0090

Florida Miami/Dade County Coral Gables 33156 Gables By The Sea

5881 SW 116th St, Coral Gables, FL

This home is located at 5881 SW 116th St, Coral Gables, FL 33156 since 17 December 2011 and is currently estimated at $3,966,839, approximately $763 per square foot. This property was built in 1970. 5881 SW 116th St is a home located in Miami-Dade County with nearby schools including Pinecrest Elementary School, Palmetto Middle School, and Miami Palmetto 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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