$6,800,000
SOLD MAR 11, 2022
4 Beds
3 Baths
2,987 Sq Ft
0.72 Acres

Recently Sold

$2,277 Per Sq Ft

6% Below List Price

117 Days on Market

Highlights

  • Property has ocean access
  • Deeded Boat Dock
  • Heated In Ground Pool
  • Sunset Elementary School Rated A
  • Boat Lift
  • Waterfront

About This Home

As of November 2024

Yacht OWNER'S DREAM - Location, Lifestyle and Luxury - Located in exclusive and prestigious Old Cutler Bay guard gated community - No bridges direct entry to Bay - with 31,305 SF of land and 240' of seawall and 50' X 25' hardwood T dock with two pilings out 20' and 67' apart - 100 amp dock power - 8000 pound lift - very hard to duplicate dock permits - PLEASE SEE VIDEO- House is 4,200' total area - 4 bed 3 bath - single level - 40X20 pool - fantastic entertaining home - beautifully maintained and upgraded - 2 1/2 car garage with fantastic storage -large marble throughout - with wood in bedrooms - granite counter tops - subzero refer - gas stove and oven - panoramic view - Patio / Pool entertaining with SW breeze - Radiates with Elegance - plans by Ramon Pacheco for a 10,034SF

Last Agent to Sell the Property

Tim Dolan

Lighthouse Rlty, Inc. License #0122072 Listed on: 07/15/2021

Last Buyer's Agent

Ale Alfonzo

Compass Florida, LLC. License #3248358

Compass Florida, LLC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,462

Year Built

  • Built in 1965

Lot Details

  • 0.72 Acre Lot
  • 240 Ft Wide Lot
  • Waterfront
  • North Facing Home
  • Fenced
  • Property is zoned 0100

HOA Fees

  • $83 Monthly HOA Fees

Parking

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

Property Views

  • Canal
  • Pool

Home Design

  • Substantially Remodeled
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,987 Sq Ft Home
  • 1-Story Property
  • Formal Dining Room
  • Open Floorplan
  • Atrium Room
  • Complete Panel Shutters or Awnings
  • Dryer
  • Attic

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Shower Only

Pool

  • Heated In Ground Pool
  • Outdoor Shower
  • Pool Bathroom
  • Pool Equipment Stays

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Canal Width is 121 Feet or More
  • Boat Lift
  • Deeded Boat Dock
  • Patio
  • Exterior Lighting

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Community Details

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

Listing and Financial Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,462

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
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Deeded Dock,Private Dock,Unrestricted Salt Water Access, Dock Owned/Included,Electric Available,Exclusive Use,Lift,Over 101 Ft Boat,Water Available
  • 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
  • ResoBuildingAreaSource: Owner
  • Special Features: VirtualTour

Interior Features

  • Appliances: Bottled Gas, Dishwasher, Disposal, Dryer, Electric Water Heater
  • Interior Amenities: First Floor Entry, Atrium, Attic, Family Room
  • Spa Yn: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 2987
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Window Features: Complete Panel Shutters/Awnings, Hurricane Shutters
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Master Bedroom Ground Level
  • Dining Room Features: Family/Dining Combination, Formal Dining, Kitchen Dining
  • Living Room Features: Atrium, Attic, Family Room
  • Master Bathroom Features: Bidet, Dual Sinks, Shower Only

Exterior Features

  • Roof: Barrel Roof
  • View: Canal, Pool
  • Exterior Features: Lighting, Outdoor Shower
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: Automatic Chlorination, In Ground, Equipment Stays, Heated, Pool Bath, Pool/Spa Combo
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Width 121 Feet Or More, No Fixed Bridges
  • 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: Circular Driveway, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Zoned
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Voluntary Hoa
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners, Voluntary

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: 2020
  • Tax Annual Amount: 45462

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
-33.80%

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
6.37%
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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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 Unknown
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
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: A11071507

MIAMI REALTORS® MLS

APN: 03-5105-005-0020