NOT LISTED FOR SALE
3 Beds
-- Baths
15,906 Sq Ft
1965 Built

Sale Details

Date Sold: February 6, 2025

Last sale price $5,750,000 $361 Per Sq Ft

349 Days on Market

Highlights

  • In Ground Pool
  • 4-minute walk to Dadeland North
  • Ceramic Tile Flooring
  • Pinecrest Elementary School Rated A
  • No HOA
  • Central Heating and Cooling System

About This Home

As of February 2025

Opportunity knocks.This 19 unit property is located in the affluent Village of Pinecrest, FL, offering a great mix of 1, 2, and 3 bedroom apartments. Central AC and remodeled units offer potential for top dollar rents. Outside, the property features large green spaces and a pool, perfect for resident relaxation and recreation. This gated property provides security and privacy, while the parking lot with 29 spaces ensures convenient parking for residents and guests. Situated in the heart of Pinecrest, this prime location offers easy access to major shopping centers, public transit options, and is surrounded by high-end homes in the multiple millions of dollars.

Last Agent to Sell the Property

Demitri De Varona

Compass Florida, LLC License #3280200 Listed on: 01/16/2024

Compass Florida, LLC

Last Buyer's Agent

Bridget Cabada-Penichet

Power One Real Estate Services, Inc. License #3483437

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $50,385

Year Built

  • Built in 1965 | Remodeled

Parking

  • 29 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 15,906 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Flooring

  • Ceramic Tile
  • Vinyl

Pool

  • In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2040350001162

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Ivy Cove Subdivision

Building Details

  • Gross Income $9,845

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$50,385

Year Built

Built in 1965 | Remodeled

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: Just east of US-1 on Kendall Dr. Signalized Corner of 68th Ct. and 88th St.
  • Year Built: 1965
  • New Construction: No
  • Structure Type: Multi Family
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Living Area: 15906.0
  • Stories: 2

Exterior Features

  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Property Condition: Resale, Updated/Remodeled
  • Roof: Shingle

Garage/Parking

  • Total Parking Spaces: 29.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Separate Meters
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 2040350001162
  • Lot Size: 37,478
  • Mobile Dim Units: Feet
  • Zoning: 6800

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 50385.0

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 9845.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2024
Closed on
Feb 6, 2025
Sold by
Santaco Llc
Bought by
Seller's Agent
Demitri De Varona
Compass Florida, LLC
Buyer's Agent
Bridget Cabada-Penichet
Power One Real Estate Services, Inc.
List Price
$5,900,000
Sold Price
$5,750,000
Premium/Discount to List
-$150,000
-2.54%

Purchase Details

Closed on
Dec 19, 2023
Sold by
Ivy Cove Homes 2018 Llc
Bought by
Santaco Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2019
Sold by
Kitu Investment Inc
Bought by
Ivy Cove Homes 2018 Llc

Purchase Details

Closed on
Nov 24, 1997
Sold by
Ivy Cove At Dadeland Inc
Bought by
Kitu Investments Inc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,750,000 Assured Title & Trust
Santaco Llc $4,500,000 Marrero Escrow & Title
Ivy Cove Homes 2018 Llc -- Attorney
Kitu Investments Inc $1,100,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner -- $3,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/06/2025 02/06/25 Sold $5,750,000 -2.5% $361 / Sq Ft
12/30/2024 12/30/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $5,900,000 0.0% $371 / Sq Ft
09/17/2023 09/17/23 Price Changed $1,850 +2.8% $4 / Sq Ft
08/25/2023 08/25/23 Price Changed $1,800 -2.7% $4 / Sq Ft
08/19/2023 08/19/23 Price Changed $1,850 -2.6% $4 / Sq Ft
08/07/2023 08/07/23 For Rent $1,900 0.0% --
07/04/2023 07/04/23 For Rent $1,900 0.0% --
06/16/2023 06/16/23 For Rent $1,900 0.0% --
05/20/2023 05/20/23 Price Changed $1,900 +2.7% $4 / Sq Ft
10/01/2022 10/01/22 For Rent $1,850 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $80,599 $4,335,235
2024 $50,385 $3,941,123 $2,810,850 $1,130,273
2023 $50,385 $2,722,112 $0 $0
2022 $47,649 $2,474,648 $0 $0
2021 $42,716 $2,249,680 $2,248,680 $1,000
2020 $42,832 $2,249,680 $2,248,680 $1,000
2019 $40,258 $2,249,680 $2,248,680 $1,000
2018 $37,276 $2,249,680 $2,248,680 $1,000
2017 $33,700 $1,650,000 $0 $0
2016 $27,396 $1,500,000 $0 $0
2015 $27,199 $1,460,000 $0 $0
2014 $25,685 $1,350,000 $0 $0
Source: Public Records

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11514691

BeachesMLS (Greater Fort Lauderdale)
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