NOT LISTED FOR SALE

720 S Mashta Dr Key Biscayne, FL 33149

Estimated Value: $5,881,000 - $12,893,031

6 Beds
5.5 Baths
6,395 Sq Ft
$1,338/Sq Ft Est. Value

Last Sold April 06, 2020

Last sale price $7,499,000 $1,173 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $54,074/month

307 Days on Market

Highlights

  • Property has ocean access
  • Dock Available
  • Media Room
  • Key Biscayne K-8 Center Rated A-
  • Property Fronts a Bay or Harbor
  • In Ground Pool

About This Home

As of April 2020

Completely remodeled home on Mashta island in Key Biscayne. Walk in to breathtaking water views. This home features 6 bedrooms, 5.5 bathrooms, a gourmet kitchen with top-of-the-line appliances, large dining room & great room with full bar, office/media room, separate maid’s quarters, a large laundry room, and a master suite with ocean views. This house has the perfect setting to enjoy the beautiful sunsets while dipping in an infinity pool, perfect for entertaining.

Last Agent to Sell the Property

Cristina Gort

Cervera Real Estate Inc. License #3190432 Listed on: 05/01/2019

Cervera Real Estate Inc.

Last Buyer's Agent

Marta Amador

Shelton and Stewart REALTORS License #3128992

Shelton and Stewart REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $126,283

Year Built

  • Built in 1964

Lot Details

  • 0.34 Acre Lot
  • 100 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • Northeast Facing Home
  • Property is zoned 2001

Parking

  • 4 Car Attached Garage
  • 5 Carport Spaces
  • Automatic Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Metal Roof

Interior Spaces

  • 6,395 Sq Ft Home
  • 2-Story Property
  • Bar
  • Casement Windows
  • French Doors
  • Great Room
  • Media Room
  • Marble Flooring
  • Bay Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Studio bedroom
  • Walk-In Closet

Laundry

  • Laundry in Utility Room
  • Dryer

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Dock Available
  • Balcony
  • Patio
  • Exterior Lighting

Schools

  • Keybiscayne Elementary School
  • Mast Academy High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Community Details

  • No Home Owners Association
  • Mashta Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-008-0260

Home Details

Home Type

Single Family

Est. Annual Taxes

$126,283

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 1964
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Dock Available
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: MASHTA ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Bar, Cooking Island, French Doors, Walk-In Closet(s), Great Room, Media Room, Utility Room/Laundry
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: High Impact Doors, French Doors
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 6395
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Window Features: Clear Impact Glass, Complete Impact Glass, Casement, High Impact Windows, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs, Studio
  • Living Room Features: Great Room, Media Room, Utility Room/Laundry

Exterior Features

  • Roof: Metal Roof
  • View: Bay
  • Exterior Features: Lighting, Open Balcony
  • Direction Faces: Northeast
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: MASHTA ISLAND
  • Carport Spaces: 5
  • Covered Parking Spaces: 9
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy

Lot Info

  • Parcel Number: 24-52-05-008-0260
  • Lot Size Sq Ft: 15000
  • Zoning: 2001
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 126283

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2022
Sold by
Blanco Alex Nick and Blanco Lourdes Cabassa
Bought by
Alex N Blanco Revocable Trust and Lourdes C Blanco Revocable Trust
Current Estimated Value
$8,558,010

Purchase Details

Listed on
May 1, 2019
Closed on
Apr 6, 2020
Sold by
Colmenares Enrique and Otero Julia Amodeo
Bought by
Blanco Alex Nick and Blanco Lourdes Cabassa
Seller's Agent
Cristina Gort
Cervera Real Estate Inc.
Buyer's Agent
Marta Amador
Shelton and Stewart REALTORS
List Price
$9,800,000
Sold Price
$7,499,000
Premium/Discount to List
-$2,301,000
-23.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.37%
Original Mortgage
$4,874,350
Interest Rate
2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 10, 2013
Closed on
Feb 21, 2014
Sold by
Sablotsky Noreen Gordon
Bought by
Colmenares Enrique and Otero Julia Amodeo
Seller's Agent
Tracey Spiegelman
Shelton and Stewart REALTORS
Buyer's Agent
Donato Calandriello
Proyecta Real Estate, LLC
List Price
$10,750,000
Sold Price
$9,800,000
Premium/Discount to List
-$950,000
-8.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.27%
Original Mortgage
$5,000,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 18, 2005
Sold by
Schaldach Nancy
Bought by
Sablotsky Noreen Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
5.54%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Alex N Blanco Revocable Trust -- None Listed On Document
Blanco Alex Nick $7,499,000 Attorney
Colmenares Enrique $9,799,999 Attorney
Sablotsky Noreen Gordon $5,800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blanco Alex Nick $4,874,350
Previous Owner Colmenares Enrique $5,000,000
Previous Owner Sablotsky Noreen Gordon $5,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/06/2020 04/06/20 Sold $7,499,000 0.0% $1,173 / Sq Ft
12/12/2019 12/12/19 Price Changed $7,499,000 -15.7% $1,173 / Sq Ft
10/10/2019 10/10/19 Price Changed $8,900,000 -9.2% $1,392 / Sq Ft
04/30/2019 04/30/19 For Sale $9,800,000 0.0% $1,532 / Sq Ft
11/15/2017 11/15/17 Rented $28,000 0.0% --
10/31/2017 10/31/17 For Rent $28,000 0.0% --
02/21/2014 02/21/14 Sold $9,800,000 -8.6% $1,549 / Sq Ft View Prior Sale
01/20/2014 01/20/14 Pending -- -- --
11/26/2013 11/26/13 Price Changed $10,725,000 -4.9% $1,695 / Sq Ft
07/24/2013 07/24/13 Price Changed $11,275,000 +4.9% $1,782 / Sq Ft
06/10/2013 06/10/13 For Sale $10,750,000 -- $1,699 / 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 $110,297 $7,167,195 -- --
2024 $108,825 $6,965,205 -- --
2023 $108,825 $6,762,335 $0 $0
2022 $104,852 $6,565,374 $0 $0
2021 $105,344 $6,951,725 $6,225,000 $726,725
2020 $129,523 $7,842,423 $6,000,000 $1,842,423
2019 $130,194 $7,863,476 $6,000,000 $1,863,476
2018 $126,283 $7,884,528 $6,000,000 $1,884,528
2017 $144,682 $8,955,579 $0 $0
2016 $142,358 $8,312,849 $0 $0
2015 $127,745 $7,557,136 $0 $0
2014 $106,912 $5,912,702 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cristina Gort

    Seller's Agent in 2020

    Cristina Gort

    Cervera Real Estate Inc.

    (305) 373-3510

    3 Total Sales

    Cristina Gort
    Section Image
  • Marta Amador

    Buyer's Agent in 2020

    Marta Amador

    Shelton and Stewart REALTORS

    (305) 205-0667

    7 in this area

    31 Total Sales

    Marta Amador
    Section Image
  • Brigitte De Langeron

    Seller's Agent in 2017

    Brigitte De Langeron

    DLS International Realty

    (305) 459-3875

    32 in this area

    40 Total Sales

    Brigitte De Langeron
    Section Image
  • Alina Meledina

    Buyer's Agent in 2017

    Alina Meledina

    AGK Realty LLC

    (786) 802-6340

    14 Total Sales

    Alina Meledina
    Section Image
  • Tracey Spiegelman

    Seller's Agent in 2014

    Tracey Spiegelman

    Shelton and Stewart REALTORS

    (786) 356-9228

    16 Total Sales

    Tracey Spiegelman
    Section Image
  • Donato Calandriello

    Buyer's Agent in 2014

    Donato Calandriello

    Proyecta Real Estate, LLC

    (305) 467-6007

    7 Total Sales

    Donato Calandriello
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10665045

MIAMI REALTORS® MLS

APN: 24-5205-008-0260

Florida Miami/Dade County Key Biscayne 33149

720 S Mashta Dr, Key Biscayne, FL

Not Listed for Sale

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