NOT LISTED FOR SALE

Estimated Value: $5,443,000 - $7,585,107

4 Beds
4 Baths
4,236 Sq Ft
$1,512/Sq Ft Est. Value

Last Sold February 27, 2023

Last sale price $5,000,000 $1,180 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $41,088/month

115 Days on Market

Highlights

  • Property has ocean access
  • Up to 40-Foot Boat
  • Guest House
  • Sunset Elementary School Rated A
  • Dock Available
  • Outdoor Pool

About This Home

As of February 2023

Charming waterfront living in South Gables. This unique two-story home has 4 bedrooms and 3 1/2 baths plus a 1/1 guest cottage that is great for the in-laws. The main house has spacious staging areas, formal dining room, family room and study. Other distinctive features include a working elevator, wine cellar, and gorgeous high windows. Oak tree-filled lot provides beautiful views of nature all around you. Come home to your very own paradise. This is a unique house has a 20,000 square feet lot with lots of potential for several outdoor recreation areas with canal access and waterways that are only 10-15 minutes from Biscayne Bay.

Last Agent to Sell the Property

Betty Fernandez

Florida Realty of Miami Corp License #3382488 Listed on: 11/03/2022

Florida Realty of Miami Corp

Last Buyer's Agent

John Costello

Keller Williams Realty Premier Properties License #3285902

Keller Williams Realty Premier Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,037

Year Built

  • Built in 1990

Lot Details

  • 37 Ft Wide Lot
  • Home fronts a canal
  • North Facing Home

Parking

  • 2 Car Attached Garage
  • Garage Apartment
  • Converted Garage
  • Automatic Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 1-Story Property
  • Decorative Fireplace
  • French Doors
  • Family Room
  • Combination Dining and Living Room
  • Den
  • Sun or Florida Room
  • Wood Flooring
  • Canal Views
  • Pull Down Stairs to Attic
  • Clear Impact Glass
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Dome Kitchens
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Two Primary Bathrooms
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • 4 Full Bathrooms
  • Dual Sinks
  • Jetted Tub and Shower Combination in Primary Bathroom
  • Bathtub

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Up to 40-Foot Boat
  • Dock Available
  • Patio
  • Cottage Room

Additional Homes

  • Guest House
  • Two Bathroom Guest House

Utilities

  • Cooling Available
  • Central Heating
  • Water Heater Leased
  • Septic Tank

Community Details

  • No Home Owners Association
  • Coral Gables Riviera Sec Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-41-29-032-1380

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,037

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1990
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story, Mediterranean
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Dock Available, Dock Available,UP to 40 Ft Boat
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: CORAL GABLES RIVIERA SEC
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_GuestHouseDescription: 2 Baths
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Water Heater, Water Heater Leased, Microwave, Refrigerator
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Cooking Island, Dome Kitchen, Elevator, French Doors, Pantry, Pull Down Stairs, Attic, Cottage, Den/Library/Office, Family Room, Florida Room, Garage Apartment, Garage Converted, Separate Guest/In-Law Quarters, Maid/In-Law Quarters
  • Spa Yn: Yes
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Fireplace Features: Fireplace, Decorative
  • Fireplace: Yes
  • Flooring: Wood
  • Furnished: Unfurnished
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Possible Use: Primary
  • Window Features: Clear Impact Glass
  • Bedroom Features: Sitting Area - Primary Bedroom, Primary Bedroom Upstairs, Primary Bath Shower, Primary Bath Tub
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Living Room Features: Attic, Cottage, Den/Library/Office, Family Room, Florida Room, Garage Apartment, Garage Converted, Separate Guest/In-Law Quarters, Guest House, Maid/In-Law Quarters
  • Master Bathroom Features: 2 Primary Bathrooms, Dual Sinks, Whirlpool/Spa

Exterior Features

  • Roof: Other
  • View: Canal
  • Direction Faces: North
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Other Structures: Guest House
  • Patio And Porch Features: Patio
  • Pool Features: Pool/Spa Combo
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: CORAL GABLES RIVIERA SEC
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, Limited # Of Vehicle

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 03-41-29-032-1380
  • Zoning: SFR
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Efficiency: Water Heater

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 29037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2023
Sold by
Machado Humberto C
Bought by
Humberto C Machado Jr Revocable Trust and Machado
Current Estimated Value
$6,414,284

Purchase Details

Listed on
Nov 3, 2022
Closed on
Feb 27, 2023
Sold by
Fernandez Reinaldo and Fernandez Beatriz
Bought by
Machado Humberto
Seller's Agent
Betty Fernandez
Florida Realty of Miami Corp
Buyer's Agent
John Costello
Keller Williams Realty Premier Properties
List Price
$5,800,000
Sold Price
$5,000,000
Premium/Discount to List
-$800,000
-13.79%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.33%
Original Mortgage
$2,500,000
Interest Rate
6.15%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 31, 2006
Sold by
Granoff Jeffrey and Granoff Susan
Bought by
Fernandez Reinaldo and Fernandez Beatriz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,130,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 10, 1996
Sold by
Crudele Vincent A and Crudele Elinor B
Bought by
Granoff Jeffrey and Granoff Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
7.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 1995
Sold by
Crudele Vincent
Bought by
Crudele Tr Vincent A
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 Buyer Sale Price Title Company
Humberto C Machado Jr Revocable Trust -- None Listed On Document
Machado Humberto $5,000,000 C & C Title
Fernandez Reinaldo $2,840,000 None Available
Granoff Jeffrey $995,000 --
Crudele Tr Vincent A $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Humberto C Machado Jr Revocable Trust $2,550,000
Previous Owner Machado Humberto $2,500,000
Previous Owner Fernandez Beatriz $200,000
Previous Owner Fernandez Reinaldo $421,170
Previous Owner Fernandez Reinaldo $500,000
Previous Owner Fernandez Reinaldo $2,130,000
Previous Owner Granoff Jeffrey $650,000
Previous Owner Crudele Tr Vincent A $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $5,000,000 -9.1% $1,180 / Sq Ft
01/10/2023 01/10/23 Price Changed $5,500,000 -90.0% $1,298 / Sq Ft
01/10/2023 01/10/23 Price Changed $55,000,000 +848.3% $12,984 / Sq Ft
11/03/2022 11/03/22 For Sale $5,800,000 0.0% $1,369 / Sq Ft
06/08/2020 06/08/20 Rented $11,000 0.0% --
06/01/2020 06/01/20 Off Market $11,000 -- --
05/19/2020 05/19/20 For Rent $11,000 -- --
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 $76,906 $4,109,345 $3,373,089 $736,256
2024 $32,529 $4,250,000 $3,550,620 $699,380
2023 $32,529 $1,744,670 $0 $0
2022 $31,214 $1,693,855 $0 $0
2021 $30,247 $1,644,520 $0 $0
2020 $29,904 $1,621,815 $0 $0
2019 $29,290 $1,585,352 $0 $0
2018 $28,943 $1,555,792 $0 $0
2017 $27,824 $1,523,793 $0 $0
2016 $27,796 $1,492,452 $0 $0
2015 $28,127 $1,482,078 $0 $0
2014 $28,509 $1,470,316 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11297429

MIAMI REALTORS® MLS

APN: 03-4129-032-1380