NOT LISTED FOR SALE

Estimated Value: $5,830,000

0.34 Acre
$16,947,674 Price per Acre
14,985 Sq Ft Lot

Last Sold June 26, 2020

Last sale price $8,500,000 $567 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $42,041/month

188 Days on Market

Highlights

  • Ocean Front
  • Bay View
  • Landscaped with Trees
  • Key Biscayne K-8 Center Rated A-
  • No HOA
  • Fenced

About This Lot

As of June 2020

Unique and Rare waterfront development opportunity on Mashta Island. Build your custom dream home next to Key Biscayne’s premier multimillion dollar residences.

Last Agent to Sell the Property

Jessica Juliao

Cervera Real Estate Inc. License #3051821 Listed on: 11/26/2019

Cervera Real Estate Inc.

Last Buyer's Agent

Adriana Vollmer-Aguilar

Coldwell Banker Realty License #3013156

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $99,350

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • South Facing Home
  • Fenced
  • Cleared Lot
  • Landscaped with Trees
  • Property is zoned 2001

Additional Features

  • Bay Views
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-009-0110

Community Details

Overview

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

Recreation

  • No Fixed Bridges
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$99,350

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Road Frontage Type: Bay
  • Horses: No
  • Inclusions: Other
  • Lot Size Acres: 0.344
  • Lot Size: 100x150
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Paved Road, Public Road
  • Road Surface Type: Paved Road
  • Structure Type: Residential
  • Subdivision Name: MASHTA ISLAND A REPLAT OF
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • View: Bay View
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: City Location, Other Location, Other Soil Type, 1/4 To Less Than 1/2 Acre Lot, Build To Suit, Cleared, Fenced, Filled
  • Other Structures: None
  • Pool Private: No
  • View: Yes
  • Waterfront Features: No Fixed Bridges, Ocean Front, Seawall
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MASHTA ISLAND A REPLAT OF

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Utilities: No Utilities, None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 24-52-05-009-0110
  • Additional Parcels: No
  • Current Use: Residential, Check Land Use Plan
  • Development Status: Undeveloped
  • Lot Size Sq Ft: 15000
  • Zoning: 2001
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 99350

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2022
Sold by
Gisela J Franceschi Family Trust
Bought by
630 Kb Llc
Current Estimated Value
$5,830,000

Purchase Details

Listed on
Nov 26, 2019
Closed on
Jun 30, 2020
Sold by
Franceschi Gisela J
Bought by
Franceschi Gisela J and Esber Elias
Seller's Agent
Jessica Juliao
Cervera Real Estate Inc.
Buyer's Agent
Adriana Vollmer-Aguilar
Coldwell Banker Realty
List Price
$9,500,000
Sold Price
$8,500,000
Premium/Discount to List
-$1,000,000
-10.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.88%

Purchase Details

Listed on
Nov 26, 2019
Closed on
Jun 29, 2020
Sold by
Esber Elias
Bought by
Franceschi Gisela J
Seller's Agent
Jessica Juliao
Cervera Real Estate Inc.
Buyer's Agent
Adriana Vollmer-Aguilar
Coldwell Banker Realty
List Price
$9,500,000
Sold Price
$8,500,000
Premium/Discount to List
-$1,000,000
-10.53%

Purchase Details

Listed on
Nov 26, 2019
Closed on
Jun 26, 2020
Sold by
Oceana Key Biscayne Corporation
Bought by
Esber Elias
Seller's Agent
Jessica Juliao
Cervera Real Estate Inc.
Buyer's Agent
Adriana Vollmer-Aguilar
Coldwell Banker Realty
List Price
$9,500,000
Sold Price
$8,500,000
Premium/Discount to List
-$1,000,000
-10.53%

Purchase Details

Listed on
Dec 4, 2015
Closed on
Jan 11, 2019
Sold by
Jiamap Investment Inc
Bought by
Oceana Kcy Biscayne Corp
Seller's Agent
Ana Gutierrez
One Sotheby's International Realty
Buyer's Agent
MAR NON-MEMBER
NO MLS PARTICIPATION (MAR)
List Price
$7,950,000
Sold Price
$7,100,000
Premium/Discount to List
-$850,000
-10.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.21%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
630 Kb Llc -- Holland & Knight Llp
Franceschi Gisela J -- Attorney
Franceschi Gisela J -- Attorney
Esber Elias $8,500,000 Attorney
Oceana Kcy Biscayne Corp $7,100,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2020 06/26/20 Sold $8,500,000 -10.5% $567 / Sq Ft
05/01/2020 05/01/20 For Sale $9,500,000 +11.8% $633 / Sq Ft
04/30/2020 04/30/20 Off Market $8,500,000 -- --
11/26/2019 11/26/19 For Sale $9,500,000 +33.8% $633 / Sq Ft
01/12/2019 01/12/19 Sold $7,100,000 -10.7% $473 / Sq Ft View Prior Sale
10/01/2018 10/01/18 Pending -- -- --
01/18/2018 01/18/18 For Sale $7,950,000 +12.0% $530 / Sq Ft
01/15/2018 01/15/18 Off Market $7,100,000 -- --
12/02/2015 12/02/15 For Sale $8,750,000 -- $583 / 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 $133,566 $9,300,000 $9,300,000 --
2024 $123,368 $8,547,000 -- --
2023 $123,368 $7,770,000 $7,770,000 $0
2022 $110,989 $6,847,500 $0 $0
2021 $102,782 $6,225,000 $6,225,000 $0
2020 $99,104 $6,000,000 $6,000,000 $0
2019 $99,350 $6,000,000 $6,000,000 $0
2018 $96,102 $6,000,000 $6,000,000 $0
2017 $109,565 $6,576,918 $0 $0
2016 $106,748 $5,979,017 $0 $0
2015 $93,332 $5,435,470 $0 $0
2014 $90,941 $4,941,337 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10772640

MIAMI REALTORS® MLS

APN: 24-5205-009-0110