NOT LISTED FOR SALE

640 N Mashta Dr Key Biscayne, FL 33149

Estimated Value: $4,810,752 - $5,719,000

5 Beds
4.5 Baths
3,673 Sq Ft
$1,444/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $3,000,000 $817 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $31,101/month

322 Days on Market

Highlights

  • Guest House
  • 1 Bedroom Guest House
  • Marble Flooring
  • Key Biscayne K-8 Center Rated A-
  • In Ground Pool
  • Main Floor Bedroom

About This Home

As of September 2020

Corner and oversized lot with 10,000 Sq Ft located on exclusive and private Mashta Island. This gorgeous two story home has high ceilings, impact glass, two car garage, 5 bedrooms with 4.5 bathrooms which make it the perfect fit for any family that is ready for the island life Key Biscayne has to offer. This home has been remodeled and updated with a wonderful kitchen and family room, luminous rooms with tons of natural light throughout, great storage space, spacious pool and patio area for those who like to entertain, circular driveway to fit several vehicles and so much more. Easy to show.. call or text listing agent.

Last Agent to Sell the Property

Brigitte Nachtigall

One Sotheby's International Realty License #0542022 Listed on: 10/24/2019

One Sotheby's International Realty

Co-Listed By

Olga Cuesta Lerma

One Sotheby's International Realty License #3264681

Last Buyer's Agent

Nancy Batchelor

Compass Florida, LLC License #0416207

Compass Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,661

Year Built

  • Built in 1991

Lot Details

  • 10,000 Sq Ft Lot
  • North Facing Home
  • Fenced
  • Property is zoned IR

Parking

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

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,673 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Family Room
  • Formal Dining Room
  • Marble Flooring
  • Garden Views

Kitchen

  • Built-In Self-Cleaning Oven
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Dual Sinks
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Patio
  • Exterior Lighting

Additional Homes

  • Guest House
  • 1 Bedroom Guest House
  • One Bathroom Guest House

Schools

  • Keybiscayne Elementary School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-008-0150

Community Details

Overview

  • Property has a Home Owners Association
  • Voluntary home owners association
  • Mashta Island Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,661

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1991
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Co List Office Mls Id: GRTP01
  • Co List Office Phone: 305-365-0711
  • Directions: HARBOR DRIVE SOUTH TO MASHTA ISLAND
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: Mashta Island
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_GuestHouseDescription: 1 Bath, 1 Bedroom
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: Cooking Island, Walk-In Closet(s), Family Room
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 3673
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Window Features: Blinds
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs
  • Dining Room Features: Formal Dining, Kitchen Dining
  • Living Room Features: Family Room, Guest House
  • Master Bathroom Features: Dual Sinks, Shower Only

Exterior Features

  • Roof: Other
  • View: Garden
  • Exterior Features: Lighting
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Other Structures: Guest House
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Mashta Island
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Fire Alarm, Owned Burglar Alarm, Smoke Detector

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Pool, Voluntary Hoa

Association/Amenities

  • MIAMIRE_TypeofAssociation: Voluntary

Schools

  • Elementary School: Keybiscayne

Lot Info

  • Parcel Number: 24-52-05-008-0150
  • Lot Size Sq Ft: 10000
  • Zoning: IR
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 30661

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2019
Closed on
Sep 24, 2020
Sold by
Garcia Fernandez Jose Ignacio and Rio Sisniega Laura
Bought by
Raffeti Diego
Seller's Agent
Brigitte Nachtigall
One Sotheby's International Realty
Buyer's Agent
Nancy Batchelor
Compass Florida, LLC
List Price
$3,420,000
Sold Price
$3,000,000
Premium/Discount to List
-$420,000
-12.28%
Current Estimated Value
$5,304,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,304,938
Avg. Annual Appreciation
11.56%

Purchase Details

Listed on
Aug 16, 2011
Closed on
Apr 3, 2012
Sold by
Pernas Alfredo A and Pernas Eleonora B
Bought by
Garcia Fernandez Jose Ignacio and Del Rio Sisniega Laura
Seller's Agent
Joan McCaughan
Coldwell Banker Realty
Buyer's Agent
Susana Roth
BHHS EWM Realty
List Price
$1,900,000
Sold Price
$1,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%
Original Mortgage
$1,270,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 1995
Sold by
Sala Juan C and Sala Eleanor M
Bought by
Pernas Alfredo A and Pernas Elenora B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,000
Interest Rate
7.5%

Purchase Details

Closed on
Aug 23, 1994
Sold by
Key Biscayne Luxury Homes Inc
Bought by
Sala Juan C and Sala Eleanor M
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
Raffeti Diego $3,000,000 Attorney
Garcia Fernandez Jose Ignacio $1,900,000 Attorney
Pernas Alfredo A $800,000 --
Sala Juan C $742,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Fernandez Jose Ignacio $1,270,000
Previous Owner Pernas Alfredo A $633,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2020 09/25/20 Sold $3,000,000 -12.3% $817 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
10/22/2019 10/22/19 For Sale $3,420,000 +80.0% $931 / Sq Ft
04/03/2012 04/03/12 Sold $1,900,000 0.0% $517 / Sq Ft View Prior Sale
02/16/2012 02/16/12 Pending -- -- --
08/16/2011 08/16/11 For Sale $1,900,000 -- $517 / 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 $39,343 $2,519,087 -- --
2024 $38,832 $2,448,093 -- --
2023 $38,832 $2,376,790 $0 $0
2022 $37,205 $2,307,564 $0 $0
2021 $37,333 $2,240,354 $1,650,000 $590,354
2020 $32,844 $2,025,150 $0 $0
2019 $32,172 $1,979,619 $0 $0
2018 $30,493 $1,942,708 $0 $0
2017 $30,120 $1,902,751 $0 $0
2016 $30,225 $1,863,616 $0 $0
2015 $30,661 $1,850,662 $0 $0
2014 $31,133 $1,835,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10760812

MIAMI REALTORS® MLS

APN: 24-5205-008-0150