NOT LISTED FOR SALE

590 Sabal Palm Rd Miami, FL 33137

Upper East Side South Neighborhood

Estimated Value: $3,127,000 - $8,479,000

0.5 Acre
$11,606,000 Price per Acre
21,780 Sq Ft Lot

Last Sold May 21, 2020

Last sale price $4,600,000 $1,323 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $42,576/month

94 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Gated Community
  • No HOA
  • Morningside K-8 Academy Rated 9+
  • 0.5 Acre Lot
  • 4-minute walk to Albert Pallot Park

About This Lot

As of May 2020

BUILD YOUR DREAM HOUSE IN PRIVATE GATED BAY POINT COMMUNITY. ONLY WATERFRONT PROPERTY FOR SALE. CLOSE PROXIMITY TO DESIGN DISTRICT, SOUTH BEACH PERFORMING ARTS CENTER AND GREAT SCHOOLS. OPEN BAY 100 FT WATER FRONTAGE,

Last Agent to Sell the Property

Lior Ben-Shmuel

Charles Rutenberg Realty FTL License #0625617 Listed on: 02/17/2020

Charles Rutenberg Realty FTL

Last Buyer's Agent

Lior Ben-Shmuel

Charles Rutenberg Realty FTL License #0625617 Listed on: 02/17/2020

Charles Rutenberg Realty FTL

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $53,410

Lot Details

  • 0.5 Acre Lot
  • 100 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • Southeast Facing Home
  • Cleared Lot
  • Landscaped with Trees
  • Additional Parcels
  • Property is zoned 0100

Utilities

  • Phone Connected
  • Cable TV Available

Additional Features

  • Bay Views
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 01-32-19-008-0480

Community Details

Overview

  • No Home Owners Association
  • Bay Point Condos
  • Bay Point Subdivision

Security

  • Gated Community

Recreation

  • Unrestricted saltwater access
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$53,410

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Directions: BISCYNE BLVD NORTH TO GATE LANE, MAKE A RIGHT, ENTERANCE TO BAY P0INT GUARD HOUSE
  • Road Frontage Type: Bay
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • Lot Size Acres: 0.5
  • New Construction: No
  • Road Frontage Type: Paved Road, Private Road
  • Road Surface Type: Paved Road, Paved
  • Structure Type: Residential
  • Subdivision Name: BAY POINT
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Primary

Exterior Features

  • View: Bay View
  • Direction Faces: Southeast
  • Lot Features: City Location, Cleared, Other, Sidewalk, Street Lights
  • Other Structures: None
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Seawall
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: BAY POINT

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Utilities: Cable Connected, Electricity Connected, Irrigation Water, Phone Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Phone Available, Sewer Available

Condo/Co-op/Association

  • Association: No
  • Community Features: Gated Community

Lot Info

  • Parcel Number: 01-32-19-008-0480
  • Additional Parcels: Yes
  • Current Use: Residential, Check Land Use Plan
  • Development Status: Recorded Plat
  • Lot Size Sq Ft: 21800
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 53410

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2020
Closed on
May 21, 2020
Sold by
590 Sabal Palm Llc
Bought by
Mijares Ramon
Seller's Agent
Lior Ben-Shmuel
Charles Rutenberg Realty FTL
Buyer's Agent
Lior Ben-Shmuel
Charles Rutenberg Realty FTL
List Price
$5,500,000
Sold Price
$4,600,000
Premium/Discount to List
-$900,000
-16.36%
Current Estimated Value
$5,803,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,203,000
Avg. Annual Appreciation
4.16%
Original Mortgage
$3,000,000
Outstanding Balance
$2,652,588
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$3,150,412

Purchase Details

Closed on
Sep 2, 2014
Sold by
Tesini Allan J and Tesini Susan S
Bought by
590 Sabal Palm Llc
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
Mijares Ramon $4,600,000 Attorney
590 Sabal Palm Llc $4,300,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mijares Ramon $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2020 05/21/20 Sold $4,600,000 -7.1% $1,323 / Sq Ft
03/17/2020 03/17/20 Price Changed $4,950,000 -10.0% $1,424 / Sq Ft
02/17/2020 02/17/20 For Sale $5,500,000 -- $1,582 / 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 $149,307 $12,935,307 $10,900,000 $2,035,307
2024 $113,988 $5,222,844 -- --
2023 $113,988 $4,748,040 $0 $0
2022 $100,762 $4,316,400 $0 $0
2021 $83,372 $3,924,000 $3,924,000 $0
2020 $87,752 $4,120,200 $4,120,200 $0
2019 $87,951 $4,120,200 $4,120,200 $0
2018 $86,299 $4,120,200 $4,120,200 $0
2017 $90,036 $4,088,590 $0 $0
2016 $85,832 $3,716,900 $0 $0
2015 $75,512 $3,379,000 $0 $0
2014 $15,062 $688,613 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lior Ben-Shmuel

    Charles Rutenberg Realty FTL

    (305) 790-7900

    Lior Ben-Shmuel
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10819418

MIAMI REALTORS® MLS

APN: 01-3219-008-0480

Florida Miami/Dade County Miami 33137 Upper East Side South

590 Sabal Palm Rd, Miami, FL

Not Listed for Sale

Lots

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