RENTED AUG 15, 2025

Estimated Value: $5,920,000 - $11,652,927

4 Beds
4 Baths
3,514 Sq Ft
$2,500/Sq Ft Est. Value

Last Sold February 28, 2025

Last sale price $14,000,000 $3,984 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $53,784/month

Highlights

  • Private Dock
  • Property Fronts a Bay or Harbor
  • In Ground Pool
  • Morningside K-8 Academy Rated 9+
  • Gated with Attendant
  • 4-minute walk to Albert Pallot Park

About This Home

As of August 2025

Located in the prestigious, guard-gated community of Bay Point, this well-maintained residence offers comfort, privacy, and recent updates throughout. The home features the primary suite and an additional bedroom upstairs, and two more bedrooms conveniently situated on the ground floor. Freshly painted and move-in ready, the property includes two brand-new A/C units and new refrigerator, dishwasher, washer, and dryer. Enjoy stunning open bay views with 100 feet of water frontage and a private dock—perfect for boaters looking to take full advantage of Miami’s waterfront lifestyle. Live just minutes from the Design District, Midtown, and Miami Beach in one of the city’s most exclusive and secure neighborhoods.

Last Agent to Rent the Property

Sylvia Chamorro

Douglas Elliman License #3277604 Listed on: 05/08/2025

Douglas Elliman

Last Renter's Agent

Gustavo Moreira

EXP Realty South LLC License #3301753

EXP Realty South LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 0.52 Acre Lot
  • 100 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • Property is zoned 0100

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener
  • Circular Driveway
  • Open Parking

Interior Spaces

  • 3,514 Sq Ft Home
  • Property has 2 Levels
  • Bay Views
  • Dryer

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 4 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Private Dock

Listing and Financial Details

  • Property Available on 5/9/25
  • 12 Months Lease Term
  • Assessor Parcel Number 01-32-19-008-0500

Community Details

Overview

  • No Home Owners Association
  • Bay Point Subdivision
  • Maintained Community
  • The community has rules related to no trucks or trailers

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2025-05-09
  • Lease Term: 12 Months

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1950
  • Property Sub Type: Single Family Residence
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock, Private Dock
  • Lease Assignable: No
  • Unit Levels: 2
  • New Construction: No
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: BAY POINT
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator
  • Interior Amenities: Walk-In Closet(s)
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Furnished: Unfurnished
  • Living Area: 3514
  • Other Equipment: Automatic Garage Door Opener
  • Bedroom Features: At Least 1 Bedroom Ground Level

Exterior Features

  • View: Bay
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: BAY POINT
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Circular Driveway, No Trucks/Trailers

Utilities

  • Security: Gated with Guard, Security Patrol

Condo/Co-op/Association

  • Amenities: Maintained Community
  • Association: No
  • Community Features: Gated Community, Private Roads, Security Patrol

Lot Info

  • Parcel Number: 01-32-19-008-0500
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 22800
  • Zoning: 0100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2023
Closed on
Feb 28, 2025
Sold by
Brandariz Jose Manuel and Brandariz Marcela
Bought by
610 Sabal Palm Rd Llc
Seller's Agent
Daniel Glynn
One Sotheby's International Realty
Buyer's Agent
Sylvia Chamorro
Douglas Elliman
List Price
$18,000,000
Sold Price
$14,000,000
Premium/Discount to List
-$4,000,000
-22.22%
Views
218
Current Estimated Value
$8,786,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,213,536
Avg. Annual Appreciation
-39.73%
Original Mortgage
$7,000,000
Outstanding Balance
$5,340,006
Interest Rate
6.96%
Mortgage Type
Balloon
Estimated Equity
$3,446,458

Purchase Details

Closed on
Mar 23, 2009
Sold by
610 Sabal Palm Road Investments Inc
Bought by
Brandariz Jose Manuel and Brandariz Marcela

Purchase Details

Closed on
Jun 11, 2004
Sold by
Kaplan Neil J
Bought by
610 Sabal Palm Road Investments Inc

Purchase Details

Closed on
Jan 22, 2004
Sold by
Kaplan Teresa
Bought by
Kaplan Neil J
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
610 Sabal Palm Rd Llc $14,000,000 None Listed On Document
Brandariz Jose Manuel $2,175,000 Attorney
610 Sabal Palm Road Investments Inc $2,450,000 --
Kaplan Neil J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 610 Sabal Palm Rd Llc $7,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2025 08/15/25 Rented $21,000 -16.0% --
07/11/2025 07/11/25 Under Contract -- -- --
06/17/2025 06/17/25 Price Changed $25,000 -16.7% $7 / Sq Ft
05/08/2025 05/08/25 For Rent $30,000 0.0% --
02/28/2025 02/28/25 Sold $14,000,000 -12.5% $3,943 / Sq Ft View Prior Sale
12/22/2024 12/22/24 Pending -- -- --
03/11/2024 03/11/24 Price Changed $16,000,000 -11.1% $4,506 / Sq Ft
03/04/2024 03/04/24 Price Changed $18,000,000 +12.5% $5,069 / Sq Ft
03/04/2024 03/04/24 Price Changed $16,000,000 -11.1% $4,506 / Sq Ft
03/04/2024 03/04/24 For Sale $18,000,000 0.0% $5,069 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
12/30/2023 12/30/23 For Sale $18,000,000 -- $5,069 / 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 $97,900 $5,052,049 -- --
2024 $97,505 $4,909,669 -- --
2023 $97,505 $4,766,669 $0 $0
2022 $94,862 $4,625,112 $0 $0
2021 $94,899 $4,490,400 $4,104,000 $386,400
2020 $99,567 $4,698,709 $4,309,200 $389,509
2019 $99,431 $4,681,821 $4,309,200 $372,621
2018 $86,496 $4,684,774 $4,309,200 $375,574
2017 $86,050 $3,490,759 $0 $0
2016 $82,589 $3,173,418 $0 $0
2015 $72,282 $2,884,926 $0 $0
2014 $65,022 $2,622,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11799003

MIAMI REALTORS® MLS

APN: 01-3219-008-0500