NOT LISTED FOR SALE

Estimated Value: $6,384,000 - $15,611,822

6 Beds
6.5 Baths
6,965 Sq Ft
$1,322/Sq Ft Est. Value

Last Sold March 19, 2014

Last sale price $10,000,000 $1,436 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $62,363/month

409 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Outdoor Pool
  • Key Biscayne K-8 Center Rated A-
  • Dock Available
  • Waterfront

About This Home

As of March 2014

An exquisite Mediterranean estate,stunningly finished&immaculately maintained on Key Biscayne's coveted Hurricane Harbor!This architectural masterpiece has oversized covered terraces and balconies,perfect for entertaining!The 6br,6.5bath home offers a gra nd,2 story foyer with a circular staircase!Spacious floor plan offers a huge,eat-in kitchen,formal living room,formal dining room,large family room,library/office&a home theater.The master BR suite features his&her bathrooms,plus 2 enormous walkin closet.

Last Agent to Sell the Property

Douglas Kinsley

Fortune Christie's International Real Estate License #0372853 Listed on: 01/18/2013

Fortune Christie's International Real Estate

Co-Listed By

Cristian Black

BHHS EWM Realty License #0669932

Last Buyer's Agent

Giulietta Ulloa

BHHS EWM Realty License #0658811

BHHS EWM Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $78,361

Year Built

  • Built in 2005

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150
  • Waterfront
  • East Facing Home
  • Property is zoned 20/ESTAT

Home Design

  • Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,965 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Marble Flooring
  • Ocean Views
  • Washer

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Parking

  • Circular Driveway
  • Open Parking

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Dock Available
  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Property has a Home Owners Association
  • Mashta Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-008-0030

Home Details

Home Type

Single Family

Est. Annual Taxes

$78,361

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Garage Yn: No
  • Horses: No
  • Inclusions: Dock Available,Other
  • Lot Size: 100x150
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: MASHTA ISLAND
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Second Floor Entry, Elevator, Entrance Foyer, Other, Pantry, Walk-In Closet(s), Den/Library/Office, Family Room
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Entry Location: Foyer
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 6965
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Other
  • Dining Room Features: Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Other

Exterior Features

  • Roof: Curved/S-Tile Roof
  • View: Ocean, Other
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Lot Features: Other Lot Description
  • Patio And Porch Features: Patio
  • Pool Features: Other
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MASHTA ISLAND
  • Open Parking: Yes
  • Parking Features: Circular Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-008-0030
  • Lot Size Sq Ft: 15000
  • Zoning: 20/ESTAT
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 78361

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2013
Closed on
Mar 19, 2014
Sold by
Lamela Luis and Lamela Clara
Bought by
Keylago Llc
Seller's Agent
Douglas Kinsley
Fortune Christie's International Real Estate
Buyer's Agent
Giulietta Ulloa
BHHS EWM Realty
List Price
$11,500,000
Sold Price
$10,000,000
Premium/Discount to List
-$1,500,000
-13.04%
Total Days on Market
409
Current Estimated Value
$9,204,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$795,294
Avg. Annual Appreciation
-0.75%

Purchase Details

Closed on
Nov 30, 1998
Sold by
Leon Silvia M
Bought by
Lamela Luis and Lamela Clara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.95%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Keylago Llc $10,000,000 Attorney
Lamela Luis $1,650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lamela Luis E $2,500,000
Previous Owner Lamela Luis $2,500,000
Previous Owner Lamela Luis $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2014 03/19/14 Sold $10,000,000 -8.7% $1,436 / Sq Ft
03/04/2014 03/04/14 Pending -- -- --
09/26/2013 09/26/13 Price Changed $10,950,000 -4.8% $1,572 / Sq Ft
01/18/2013 01/18/13 For Sale $11,500,000 -- $1,651 / 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 $128,299 $8,127,500 $5,775,000 $2,352,500
2023 $128,299 $7,891,505 $0 $0
2022 $119,862 $7,174,096 $0 $0
2021 $108,423 $6,521,906 $4,125,000 $2,396,906
2020 $108,186 $6,550,104 $4,125,000 $2,425,104
2019 $108,922 $6,578,302 $4,125,000 $2,453,302
2018 $105,815 $6,606,500 $4,125,000 $2,481,500
2017 $136,025 $8,419,698 $0 $0
2016 $139,731 $8,447,896 $0 $0
2015 $138,290 $8,181,084 $0 $0
2014 $79,883 $4,655,595 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1736982

MIAMI REALTORS® MLS

APN: 24-5205-008-0030