NOT LISTED FOR SALE

Estimated Value: $3,051,000 - $5,136,000

6 Beds
4.5 Baths
5,083 Sq Ft
$874/Sq Ft Est. Value

Last Sold March 27, 2019

Last sale price $2,650,000 $521 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $26,144/month

175 Days on Market

Highlights

  • Boat Ramp
  • Property has ocean access
  • Outdoor Pool
  • Howard Drive Elementary School Rated A-
  • Deeded Boat Dock
  • Waterfront

About This Home

As of March 2019

Custom Built Waterfront Estate located in a Gated Community of Coral Gables. Property overlooks a beautiful view into Deering Bay’s Marina offering its own private 100’ seawall for mooring with direct Ocean access with no bridges to Bay. Home offer a wonderful layout featuring 3 bedrooms on the main level and 3 bedrooms on the 2nd with large sitting area. Ample master suite with great views, master bath and double walk-in closets. Wall and Gated property with side gate for a trailer. 3 car garage. New roof and freshly painted. Ready to move in

Last Agent to Sell the Property

Michael Martinez

One Sotheby's International Realty License #0694150 Listed on: 08/20/2018

One Sotheby's International Realty

Last Buyer's Agent

Michael Martinez

One Sotheby's International Realty License #0694150 Listed on: 08/20/2018

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,652

Year Built

  • Built in 1996

Lot Details

  • 0.34 Acre Lot
  • Waterfront
  • South Facing Home
  • Property is zoned 0100

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Automatic Garage Door Opener
  • Driveway
  • Paver Block
  • Open Parking

Home Design

  • Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,083 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Casement Windows
  • Family Room
  • Formal Dining Room
  • Den
  • Water Views
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet
  • Bidet
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Pool

  • Outdoor Pool
  • Fence Around Pool

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Deeded Boat Dock
  • Balcony
  • Patio

Schools

  • Howard Drive Elementary School
  • Palmetto Middle School
  • Miami Palmetto High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 03-50-24-002-0940

Community Details

Overview

  • Kings Bay Sub Subdivision
  • Maintained Community

Recreation

  • Boat Ramp
  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,652

Year Built

Built in 1996

Lot Details

0

HOA Fees

$4 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1996
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Community Boat Dock,Community Boat Ramp,Deeded Dock,Unrestricted Salt Water Access
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: KINGS BAY SUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Cooking Island, Vaulted Ceiling(s), Walk-In Closet(s), Attic, Den/Library/Office, Family Room, Utility Room/Laundry
  • Spa Yn: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Marble, Tile, Wood
  • Furnished: Partially Furnished
  • Living Area: 5083
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Window Features: Hurricane Shutters, Casement
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Formal Dining
  • Living Room Features: Attic, Den/Library/Office, Family Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Separate Tub & Shower

Exterior Features

  • Roof: Curved/S-Tile Roof
  • View: Water
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Features: Fenced
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, No Fixed Bridges
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: KINGS BAY SUB
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Driveway, Paver Block

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association Fee: 50
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Maintained Community
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Howard Drive
  • High School: Miami Palmetto
  • Middle Or Junior School: Palmetto

Lot Info

  • Parcel Number: 03-50-24-002-0940
  • Lot Size Sq Ft: 15000
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 19652

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2018
Closed on
Mar 25, 2019
Sold by
Borbolla Ignacio and Borbolla Leticia
Bought by
Lorenzo Raydel
Seller's Agent
Michael Martinez
One Sotheby's International Realty
Buyer's Agent
Michael Martinez
One Sotheby's International Realty
List Price
$2,995,000
Sold Price
$2,650,000
Premium/Discount to List
-$345,000
-11.52%
Current Estimated Value
$4,444,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,794,909
Avg. Annual Appreciation
7.99%
Original Mortgage
$2,120,000
Outstanding Balance
$1,860,044
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$2,584,865
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lorenzo Raydel $2,650,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lorenzo Raydel $2,120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2019 03/27/19 Sold $2,650,000 -8.5% $521 / Sq Ft
01/28/2019 01/28/19 Price Changed $2,895,000 -1.9% $570 / Sq Ft
11/26/2018 11/26/18 Price Changed $2,950,000 -1.5% $580 / Sq Ft
08/16/2018 08/16/18 For Sale $2,995,000 -- $589 / 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 $33,104 $1,795,599 -- --
2024 $32,310 $1,744,995 -- --
2023 $32,310 $1,694,170 $0 $0
2022 $32,288 $1,644,826 $0 $0
2021 $31,323 $1,596,919 $0 $0
2020 $30,990 $1,574,871 $0 $0
2019 $21,580 $1,073,501 $0 $0
2018 $20,630 $1,053,485 $0 $0
2017 $20,470 $1,031,817 $0 $0
2016 $20,381 $1,010,595 $0 $0
2015 $20,453 $1,003,571 $0 $0
2014 $20,534 $995,607 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10521627

MIAMI REALTORS® MLS

APN: 03-5024-002-0940