NOT LISTED FOR SALE

700 Lake Rd Miami, FL 33137

Upper East Side South Neighborhood

Estimated Value: $6,342,000 - $9,421,995

6 Beds
5 Baths
4,857 Sq Ft
$1,681/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $5,300,000 $1,091 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $56,471/month

Highlights

  • Deeded Boat Dock
  • In Ground Pool
  • Marble Flooring
  • Up to 60-Foot Boat
  • Home fronts a canal
  • Furnished

About This Home

As of October 2023

Extraordinary Waterfront modern masterpiece residence perfectly remodeled and decorated by the world-renowned interior designer and architect of 1 Hotel South Beach and Hyde Beach Debora Aguiar. This home offers 6 Bedrooms 6.5 Bathrooms 5,166 Interior sqft situated on an enormous lot with approximately 150 linear feet of water frontage with no fixed bridges. Foyer entrance offers high ceilings and spectacular water views the moment you enter the residence.The Backyard is a Zen Paradise that offers lush landscaping, gorgeous pools, full outdoor summer kitchen with a huge oversized island recently done.Centrally located in Bay Point, one of the most exclusive gated communities in Miami. Please see our Matterport virtual 360 tour of the home.

Last Agent to Rent the Property

Alberto Fernandez

LoKation License #3148696 Listed on: 07/15/2023

LoKation

Last Renter's Agent

Alberto Fernandez

LoKation License #3148696 Listed on: 07/15/2023

LoKation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $141,305

Year Built

  • 1981

Lot Details

  • 0.44 Acre Lot
  • 150 Ft Wide Lot
  • Home fronts a canal
  • North Facing Home
  • Property is zoned 0100

Parking

  • Secure Parking

Interior Spaces

  • 4,857 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Awning
  • Formal Dining Room
  • Canal Views

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • No Fixed Bridges
  • Up to 60-Foot Boat
  • Deeded Boat Dock
  • Outdoor Grill

Utilities

  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Bay Point Subdivision
  • Maintained Community

Listing and Financial Details

  • Property Available on 8/15/23
  • Assessor Parcel Number 01-32-19-008-1640

Home Details

Home Type

Single Family

Est. Annual Taxes

$141,305

Year Built

1981

Lot Details

0

Rental Info

  • Pets Allowed: No
  • Available Date: 2023-08-15

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Directions: Exit I-195 head north. one half mile and entrance to Baypoint neighborhood is on the right.
  • Garage Yn: No
  • Horses: No
  • Inclusions: Private Dock, Dock Owned/Included,Private Dock,Up to 60 Ft Boat
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: BAY POINT
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1981

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Flooring: Carpet, Marble
  • Furnished: Furnished
  • Living Area: 4857
  • Stories: 2
  • Dining Room Features: Formal Dining

Exterior Features

  • View: Canal
  • Exterior Features: Barbeque, Built-In Grill
  • Direction Faces: North
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Awning(s)
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front, No Fixed Bridges
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: BAY POINT

Utilities

  • Security: Fire Alarm, Owned Burglar Alarm, Key/Card Entry Parking

Condo/Co-op/Association

  • Association: No
  • Community Features: Lawn/Pool Maintenance

Lot Info

  • Parcel Number: 01-32-19-008-1640
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 19110
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2019
Closed on
Apr 22, 2021
Sold by
Blue Capital Management Inc
Bought by
Fernandez Aurelio E and Fernandez Berta
Seller's Agent
Denise Rubin
Coldwell Banker Realty
Buyer's Agent
Denise Rubin
Coldwell Banker Realty
List Price
$7,100,000
Sold Price
$5,300,000
Premium/Discount to List
-$1,800,000
-25.35%
Current Estimated Value
$8,163,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,863,499
Avg. Annual Appreciation
10.07%

Purchase Details

Listed on
Feb 28, 2013
Closed on
Sep 19, 2013
Sold by
Lake Road 700 Llc
Bought by
Blue Capital Management Inc
Seller's Agent
Dora Puig
MMLS Assoc.-Inactive Member
Buyer's Agent
Aires Balieiro
A Balieiro Real Estate
List Price
$5,495,000
Sold Price
$5,116,000
Premium/Discount to List
-$379,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.47%
Original Mortgage
$3,290,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 15, 2013
Sold by
Good Weather Today Lp
Bought by
Lake Road 700 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.43%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 26, 2012
Sold by
Demora Ricardo and Clara Elena
Bought by
Good Weather Today Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.43%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 30, 2007
Sold by
700 Lake Road Llc
Bought by
Demora Clara Elena Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.55%
Mortgage Type
Balloon

Purchase Details

Closed on
May 18, 2005
Sold by
Bay Investments Group Llc
Bought by
700 Lake Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.88%
Mortgage Type
Unknown

Purchase Details

Closed on
May 11, 2005
Sold by
Lake Road Investments Inc
Bought by
Bay Investments Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 28, 2003
Sold by
Zampieri Alejandro
Bought by
Lake Road Investments Inc

Purchase Details

Closed on
Mar 1, 1996
Sold by
Young Bob W and Young Carol Y
Bought by
Zampieri Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fernandez Aurelio E $5,300,000 Attorney
Blue Capital Management Inc $5,116,000 Attorney
Lake Road 700 Llc -- Attorney
Good Weather Today Lp $200,100 None Available
Demora Clara Elena Ricardo -- None Available
700 Lake Road Llc $2,500,000 --
Bay Investments Group Llc -- --
Lake Road Investments Inc $1,475,000 --
Zampieri Alejandro $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blue Capital Management Inc $4,485,000
Previous Owner Blue Capital Management Inc $3,290,000
Previous Owner Lake Road 700 Llc $1,500,000
Previous Owner Lake Road 700 Llc $500,000
Previous Owner Demora Clara Elena Ricardo $325,000
Previous Owner Demora Clara Elena Ricardo $2,975,000
Previous Owner 700 Lake Road Llc $2,000,000
Previous Owner Zampieri Alejandro $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2023 11/01/23 Under Contract -- -- --
10/30/2023 10/30/23 Rented $33,000 -10.8% --
10/05/2023 10/05/23 Price Changed $37,000 -7.5% $8 / Sq Ft
08/14/2023 08/14/23 Price Changed $40,000 -20.0% $8 / Sq Ft
08/05/2023 08/05/23 For Rent $50,000 +25.0% --
10/15/2021 10/15/21 Rented -- -- --
08/13/2021 08/13/21 Under Contract -- -- --
06/29/2021 06/29/21 For Rent $40,000 0.0% --
04/23/2021 04/23/21 Sold $5,300,000 -11.6% $922 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
03/16/2020 03/16/20 Price Changed $5,998,000 0.0% $1,043 / Sq Ft
12/15/2019 12/15/19 Rented $25,000 -10.7% --
11/04/2019 11/04/19 Price Changed $28,000 0.0% $6 / Sq Ft
11/04/2019 11/04/19 Price Changed $6,900,000 -2.8% $1,200 / Sq Ft
10/23/2019 10/23/19 For Sale $7,100,000 +34.0% $1,235 / Sq Ft
09/24/2019 09/24/19 Off Market $5,300,000 -- --
09/16/2019 09/16/19 Price Changed $7,100,000 -99.0% $1,235 / Sq Ft
09/16/2019 09/16/19 For Sale $710,000,000 0.0% $123,457 / Sq Ft
09/13/2019 09/13/19 For Rent $29,000 0.0% --
09/20/2013 09/20/13 Sold $5,116,000 -6.9% $990 / Sq Ft
09/13/2013 09/13/13 For Sale $5,495,000 0.0% $1,064 / Sq Ft
09/10/2013 09/10/13 Pending -- -- --
02/28/2013 02/28/13 For Sale $5,495,000 -- $1,064 / 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 $141,305 $6,389,520 -- --
2024 $113,991 $5,808,655 -- --
2023 $113,991 $5,280,596 $0 $0
2022 $99,344 $4,800,542 $4,204,200 $596,342
2021 $104,685 $4,909,240 $3,411,135 $1,498,105
2020 $108,444 $5,073,884 $3,559,238 $1,514,646
2019 $111,075 $5,185,659 $3,559,238 $1,626,421
2018 $109,008 $5,203,235 $3,559,238 $1,643,997
2017 $106,459 $4,707,458 $0 $0
2016 $101,678 $4,279,508 $0 $0
2015 $90,242 $3,890,462 $0 $0
2014 $80,589 $3,536,784 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Landlord's Agent in 2023

    Alberto Fernandez

    LoKation Real Estate

    (954) 545-5583

    7 Total Sales

    Section Image
  • Denise Rubin

    Seller's Agent in 2021

    Denise Rubin

    Coldwell Banker Realty

    (305) 409-0019

    206 Total Sales

    Section Image
  • Renata Santos

    Seller Co-Listing Agent in 2021

    Renata Santos

    Coldwell Banker Realty

    (305) 528-7366

    8 Total Sales

    Section Image
  • Daniela Bonetti

    Buyer's Agent in 2021

    Daniela Bonetti

    One Sotheby's International Re

    (305) 582-1639

    1 in this area

    39 Total Sales

    Section Image

  • D

    Seller's Agent in 2013

    Dora Puig

    MMLS Assoc.-Inactive Member

    Section Image

  • A

    Buyer's Agent in 2013

    Aires Balieiro

    A Balieiro Real Estate

    6 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11420066

MIAMI REALTORS® MLS

APN: 01-3219-008-1640

Florida Miami/Dade County Miami 33137 Upper East Side South

700 Lake Rd, Miami, FL

This home is located at 700 Lake Rd, Miami, FL 33137 since 15 July 2023 and is currently priced at $8,163,499. This property was built in 1981. 700 Lake Rd is a home located in Miami-Dade County with nearby schools including Morningside K-8 Academy, Horace Mann Middle School, and Booker T. Washington Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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