$10,500,000
SOLD FEB 11, 2025
5 Beds
5 Baths
5,081 Sq Ft
0.87 Acres

Recently Sold

$2,067 Per Sq Ft

30% Below List Price

27 Days on Market

Highlights

  • Property has ocean access
  • Deeded Boat Dock
  • Gated Community
  • Sunset Elementary School Rated A
  • In Ground Pool
  • Home fronts a canal

About This Home

As of February 2025

Land opportunity to purchase this highly desirable 37,696 SF property within the exclusive Gables Estates community. Featuring 250 feet of private, rarely available southern exposure water frontage. This is the perfect setting to build your custom dream home. For boating enthusiasts the wide-water canal offers extra deep water, no fixed bridges and seamless access to the Ocean from your 70ft existing dock. Gables Estates’ residents enjoy privacy, security and world-class amenities including Tennis Club. Existing 5,534 SF home was built in 1990. Property being offered including plans and drawings approved by Gables Estates Association and the City of Coral Gables Board of Architects for a new 13,500 SF contemporary home designed by Martin Newman Office.

Last Agent to Sell the Property

Julian Cohen

Douglas Elliman License #3250730 Listed on: 11/13/2024

Douglas Elliman

Last Buyer's Agent

Alex Pirez

Mocca Realty, LLC. License #3486047

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $141,333

Year Built

  • Built in 1964

Lot Details

  • 0.87 Acre Lot
  • 250 Ft Wide Lot
  • Home fronts a canal
  • South Facing Home
  • Fenced
  • Property is zoned 0100

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Circular Driveway
  • Open Parking

Property Views

  • Canal
  • Pool

Home Design

  • Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,081 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Formal Dining Room
  • Den
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite
  • 5 Full Bathrooms
  • Dual Sinks

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Deeded Boat Dock
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 03-41-32-019-0920

Community Details

Overview

  • Club Membership Required
  • Gables Estates No 2,Gables Estates Subdivision
  • Mandatory home owners association

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$141,333

Year Built

Built in 1964

Lot Details

0

HOA Fees

$500 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1964
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story, Other
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock,Unrestricted Salt Water Access, Dock Owned/Included,Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: GABLES ESTATES NO 2,GABLES ESTATES
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: First Floor Entry, Den/Library/Office, Family Room, Separate Guest/In-Law Quarters
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 5081
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Entry Level, Primary Bedroom Ground Level
  • Dining Room Features: Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Separate Guest/In-Law Quarters
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • Roof: Curved/S-Tile Roof
  • View: Canal, Pool, Water
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Patio And Porch Features: Deck, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front, No Fixed Bridges
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: GABLES ESTATES NO 2
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 6000
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated Community, Mandatory Hoa, Security Patrol
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 03-41-32-019-0920
  • Lot Size Sq Ft: 37696
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 141333

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2024
Closed on
Feb 11, 2025
Sold by
Yellow House Three Llc
Bought by
Pirez Alex and Garcia-Pirez Carolina M
Seller's Agent
Julian Cohen
Douglas Elliman
Buyer's Agent
Alex Pirez
Mocca Realty, LLC.
List Price
$14,900,000
Sold Price
$10,500,000
Premium/Discount to List
-$4,400,000
-29.53%
Views
17
Current Estimated Value
$9,596,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$903,650
Avg. Annual Appreciation
-9.97%
Original Mortgage
$7,000,000
Outstanding Balance
$6,968,808
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$2,879,660

Purchase Details

Closed on
Jul 12, 2021
Sold by
Lopez Anthony M
Bought by
Yellow House Three Llc

Purchase Details

Listed on
Nov 7, 2016
Closed on
Jun 14, 2017
Sold by
Guerra Rene A and Guerra Marta
Bought by
Lopez Anthony M
Seller's Agent
Ana Maria Alexander
Compass Florida, LLC
Buyer's Agent
Dennis Carvajal
One Sotheby's International Realty
List Price
$6,950,000
Sold Price
$5,900,000
Premium/Discount to List
-$1,050,000
-15.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$4,720,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $10,500,000 None Listed On Document
Warranty Deed $10,500,000 None Listed On Document
Warranty Deed $6,000,000 Clear Title Group
Warranty Deed $5,900,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $7,000,000 New Conventional
Closed $7,000,000 New Conventional
Previous Owner $4,720,000 Adjustable Rate Mortgage/ARM
Previous Owner $500,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2025 02/11/25 Sold $10,500,000 -24.5% $2,067 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
11/24/2024 11/24/24 Price Changed $13,900,000 -6.7% $2,736 / Sq Ft
11/13/2024 11/13/24 For Sale $14,900,000 +152.5% $2,932 / Sq Ft
06/15/2017 06/15/17 Pending -- -- --
06/14/2017 06/14/17 Sold $5,900,000 -15.1% $858 / Sq Ft
11/07/2016 11/07/16 For Sale $6,950,000 -- $1,010 / 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 $141,911 $7,184,727 -- --
2024 $122,274 $6,531,570 -- --
2023 $122,274 $5,937,791 $0 $0
2022 $99,738 $5,397,992 $5,277,440 $120,552
2021 $103,965 $5,473,800 $5,277,440 $196,360
2020 $96,243 $5,097,415 $4,900,480 $196,935
2019 $88,190 $4,699,197 $0 $0
2018 $84,511 $4,611,578 $0 $0
2017 $28,860 $1,532,235 $0 $0
2016 $28,284 $1,500,720 $0 $0
2015 $28,287 $1,490,288 $0 $0
2014 $28,671 $1,478,461 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11692870

MIAMI REALTORS® MLS

APN: 03-4132-019-0920