$10,825,000
SOLD NOV 14, 2024
4 Beds
3 Baths
2,987 Sq Ft
0.72 Acres

Recently Sold

$3,624 Per Sq Ft

25% Below List Price

57 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Boat Lift
  • Sunset Elementary School Rated A
  • Home fronts navigable water
  • In Ground Pool

About This Home

As of November 2024

Welcome to Casa Solano, a yacht owner's paradise located in the prestigious guard-gated community of Old Cutler Bay. This exceptional 31,304 sq ft corner lot boasts 240 feet of wide canal waterfront, offering direct Bay access with no bridges. Whether you're looking for a move-in ready home or the perfect spot to build your dream estate, this property has it all. A brand new T dock with an 80,000 lb lift is currently in progress. The fully renovated single-story residence features marble floors, wood flooring in the bedrooms, granite kitchen countertops, and a gas range. With expansive living areas, this is a rare opportunity to own a trophy home in one of Miami’s most desirable locations.

Last Agent to Sell the Property

Ana Teresa Rodriguez

Coldwell Banker Realty License #3219652 Listed on: 09/18/2024

Coldwell Banker Realty

Co-Listed By

Virginia Aizpurua

Coldwell Banker Realty License #3320401

Last Buyer's Agent

Michael Martinez

One Sotheby's International Realty License #0694150

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $111,961

Year Built

  • Built in 1965

Lot Details

  • 0.72 Acre Lot
  • 240 Ft Wide Lot
  • Home fronts navigable water
  • Home fronts a canal
  • Northwest Facing Home
  • Property is zoned 0100

HOA Fees

  • $83 Monthly HOA Fees

Parking

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

Home Design

  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,987 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Family Room
  • Canal Views
  • Complete Panel Shutters or Awnings

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • <<microwave>>
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Canal Width is 121 Feet or More
  • Boat Lift
  • Private Dock
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 03-51-05-005-0020

Community Details

Overview

  • Voluntary home owners association
  • Old Cutler Bay Sec 1 Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$111,961

Year Built

Built in 1965

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1965
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Co List Office Mls Id: CBRE52
  • Co List Office Phone: 305-667-4815
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Dock Available,Private Dock, Dock Available,Lift
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: OLD CUTLER BAY SEC 1
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Gas Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Other, Family Room, Utility Room/Laundry
  • Spa Yn: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Marble, Tile
  • Furnished: Unfurnished, Furniture Negotiable
  • Living Area: 2987
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Window Features: Complete Panel Shutters/Awnings, Blinds
  • Bedroom Features: Entry Level, Primary Bedroom Ground Level
  • Dining Room Features: Eat-In Kitchen
  • Living Room Features: Family Room, Utility Room/Laundry

Exterior Features

  • Roof: Concrete
  • View: Canal
  • Construction Type: CBS Construction
  • Direction Faces: Northwest
  • 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, Canal Width 121 Feet Or More, Navigable Water
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: OLD CUTLER BAY SEC 1
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gas Metered, Gated Community, Paved Road, Voluntary Hoa
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 03-51-05-005-0020
  • Lot Size Sq Ft: 31305
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2024
Closed on
Nov 14, 2024
Sold by
Valdivieso Luis Manuel and Ciuffreda Margarita Giacobbe
Bought by
Dionicio Investment Group Inc
Seller's Agent
Ana Teresa Rodriguez
Coldwell Banker Realty
Buyer's Agent
Michael Martinez
One Sotheby's International Realty
List Price
$14,500,000
Sold Price
$10,825,000
Premium/Discount to List
-$3,675,000
-25.34%
Views
48
Current Estimated Value
$8,668,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,156,556
Avg. Annual Appreciation
-27.87%

Purchase Details

Closed on
Dec 20, 2023
Sold by
Valdivieso Luis M and Giacobbe Margarita
Bought by
Aeclanum Revocable Living Trust and Valdivieso

Purchase Details

Listed on
Jul 15, 2021
Closed on
Mar 10, 2022
Sold by
Vanessa Hernandez
Bought by
Valdivieso Luis M and Ciuffreda Margarita Giacobbe
Seller's Agent
Tim Dolan
Lighthouse Rlty, Inc.
Buyer's Agent
Ale Alfonzo
Compass Florida, LLC.
List Price
$7,200,000
Sold Price
$6,800,000
Premium/Discount to List
-$400,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%
Original Mortgage
$3,850,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2005
Sold by
Hernandez Harvey and Hernandez Vanessa
Bought by
Hernandez Vanessa

Purchase Details

Closed on
May 3, 2002
Sold by
Luis G Fernandez M and Luis Yamilet Fernandez
Bought by
Harvey Hernandez and Harvey Vanessa

Purchase Details

Closed on
Apr 21, 2000
Sold by
Watkins Gerald M and Watkins Norma D
Bought by
Fernandez Luis G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.27%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Range of Values:

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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 -- Real Property Title Group
Quit Claim Deed -- Fl Title Insurance Inc
Warranty Deed $6,800,000 Mg Title
Interfamily Deed Transfer -- --
Warranty Deed $1,800,000 --
Warranty Deed $960,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,850,000 New Conventional
Previous Owner $3,000,000 New Conventional
Previous Owner $1,000,000 Commercial
Previous Owner $1,000,000 Credit Line Revolving
Previous Owner $1,800,000 New Conventional
Previous Owner $315,000 Balloon
Previous Owner $325,000 New Conventional
Previous Owner $300,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2024 11/14/24 Sold $10,825,000 -25.3% $3,624 / Sq Ft
09/18/2024 09/18/24 For Sale $14,500,000 +113.2% $4,854 / Sq Ft
03/11/2022 03/11/22 Sold $6,800,000 -5.6% $2,277 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $7,200,000 -- $2,410 / 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 $111,961 $9,323,239 $8,452,350 $870,889
2024 $115,971 $5,938,089 -- --
2023 $115,971 $5,765,135 $0 $0
2022 $126,236 $6,655,536 $6,198,390 $457,146
2021 $45,925 $2,196,423 $0 $0
2020 $45,462 $2,166,098 $0 $0
2019 $44,640 $2,117,398 $0 $0
2018 $42,801 $2,077,918 $0 $0
2017 $42,484 $2,035,180 $0 $0
2016 $42,557 $1,993,321 $0 $0
2015 $41,491 $1,979,465 $0 $0
2014 $41,376 $1,963,755 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11660848

MIAMI REALTORS® MLS

APN: 03-5105-005-0020