$3,100,000
SOLD AUG 19, 2024
0.38 Acre
$8,072,917 Price per Acre
16,727 Sq Ft Lot

Recently Sold

6% Below List Price

841 Days on Market

About This Lot

As of August 2024

Develop your custom office/showroom fronting Biscayne or retail for income in Miami, FL. Build up to 3-stories (35 feet) Retail, Residential, Short-term rental, office, or other mixed uses in the MIMO District of Miami's Upper East Side. 7011 - 7029 Biscayne Blvd is 4 properties at NE 71st & Biscayne Blvd zoned T5-O totaling 16,734 SF. Sell the excess development rights (TDD's & TDR's) to offset development costs. Over 141 front feet on Biscayne with exposure to over 51,000 cars per day.

Last Agent to Sell the Property

Brian Carter, MBA, CCIM

Douglas Elliman Brokerage Email: brian.carter@elliman.com License #3022095 Listed on: 03/01/2022

Douglas Elliman

Co-Listed By

David Nguah

Douglas Elliman Brokerage Email: brian.carter@elliman.com License #0672492

Last Buyer's Agent

Filiz Kayali

Elite Sales Group License #0705455

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,943

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 141x117
  • Corner Lot
  • Additional Parcels
  • Property is zoned 6101

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Baywood Condos
  • Baywood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-32-18-004-0010

Property Details

Property Type

Land

Est. Annual Taxes

$12,943

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Property Sub Type: Commercial
  • Co List Office Mls Id: DEOM01
  • Co List Office Phone: 305-695-6300
  • Directions: See attached information for more details on development potential.
  • Horses: No
  • Lot Size Acres: 0.384
  • Lot Size: 141x117
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road, U.S. Highway
  • Road Surface Type: Paved
  • Structure Type: Commercial
  • Subdivision Name: BAYWOOD
  • Attribution Contact: brian.carter@elliman.com
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld, Urban Commercial

Exterior Features

  • Lot Features: City Location, Corner Lot, Less Than 1 Acre, Other Lot Description
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: BAYWOOD

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-32-18-004-0010
  • Additional Parcels: Yes
  • Current Use: Unimproved Business/Commercial, Unimproved Hotel/Motel, Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 16734
  • Zoning: 6101
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 12943

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
Aug 16, 2024
Sold by
Kirby Charles and Shorecrest Development Trust
Bought by
Mada Invest Llc
Seller's Agent
Brian Carter, MBA, CCIM
Douglas Elliman
Buyer's Agent
Filiz Kayali
Elite Sales Group
List Price
$3,290,000
Sold Price
$3,100,000
Premium/Discount to List
-$190,000
-5.78%
Views
72

Purchase Details

Closed on
Feb 2, 2006
Sold by
Cook Daniel
Bought by
Kirby Charles

Purchase Details

Closed on
Dec 29, 1998
Sold by
Equitable Bank
Bought by
Cook Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 1998
Sold by
Clerk Of The Court
Bought by
Equitable Bank
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 Type Sale Price Title Company
Warranty Deed $2,480,000 Florida Title & Trust
Warranty Deed $2,480,000 Florida Title & Trust
Quit Claim Deed -- Attorney
Deed $55,000 --
Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $45,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2024 08/19/24 Sold $3,100,000 -5.8% --
06/20/2024 06/20/24 Pending -- -- --
01/08/2024 01/08/24 For Sale $3,290,000 +6.1% --
12/19/2023 12/19/23 Off Market $3,100,000 -- --
09/20/2023 09/20/23 Price Changed $3,290,000 +10.0% --
08/03/2022 08/03/22 Price Changed $2,990,000 -14.6% --
03/01/2022 03/01/22 For Sale $3,500,000 -- --
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 $14,224 $1,103,291 $1,096,950 $6,341
2024 $13,809 $606,557 -- --
2023 $13,809 $551,416 $0 $0
2022 $13,098 $501,288 $0 $0
2021 $12,943 $455,717 $0 $0
2020 $12,436 $920,969 $914,125 $6,844
2019 $11,931 $921,070 $914,125 $6,945
2018 $11,068 $921,171 $914,125 $7,046
2017 $7,024 $311,263 $0 $0
2016 $6,567 $282,967 $0 $0
2015 $7,386 $329,964 $0 $0
2014 $6,803 $299,968 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11162826

MIAMI REALTORS® MLS

APN: 01-3218-004-0010