NOT LISTED FOR SALE

Estimated Value: $6,456,000 - $13,599,297

5 Beds
6.5 Baths
5,967 Sq Ft
$1,648/Sq Ft Est. Value

Last Sold December 23, 2021

Last sale price $10,900,000 $1,827 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $67,730/month

44 Days on Market

Highlights

  • Ocean Front
  • Dock Available
  • Home Theater
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Above Ground Pool

About This Home

As of December 2021

ONE & ONLY Open Bay Waterfront Home located at the end of Mashta Dr., the most prestigious street on Key Biscayne. COMPLETELY RENOVATED IN 2015, wide open living spaces ideal for entertainment and spectacular unobstructed ocean views. The Second floor includes 5 Bedroom/ 6.5 Baths. Unique residence has a multilevel structure with master suite on the last floor and expansive waterfront balcony. Enjoy luxury features including an outdoor summer kitchen, wine cellar, and two separate maid’s quarters, Infinity pool, private expansive terraces, gym and private dock, which can accommodate yachts up to 50 feet. Two car garage with storage area, surround sound and security cameras throughout the house.

Last Agent to Sell the Property

Monica Defortuna

Fortune Christie's Intl R.E. License #0577279 Listed on: 11/08/2021

Fortune Christie's Intl R.E.

Last Buyer's Agent

Monica Defortuna

Fortune Christie's Intl R.E. License #0577279 Listed on: 11/08/2021

Fortune Christie's Intl R.E.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $111,775

Year Built

  • Built in 1994

Lot Details

  • 0.26 Acre Lot
  • 70 Ft Wide Lot
  • Ocean Front
  • East Facing Home
  • Property is zoned 2001

Parking

  • 4 Car Attached Garage
  • Driveway
  • Guest Parking
  • Open Parking
  • Golf Cart Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,967 Sq Ft Home
  • Built-In Features
  • Blinds
  • Formal Dining Room
  • Home Theater
  • Den
  • Marble Flooring
  • Direct Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Built-In Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Maid or Guest Quarters
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

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

Outdoor Features

  • Above Ground Pool
  • Property has ocean access
  • Dock Available
  • Balcony
  • Deck
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Keybiscayne Elementary School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-06-003-0010

Community Details

Overview

  • No Home Owners Association
  • Mashta Point Sub Subdivision

Amenities

  • Game Room

Recreation

  • Fitness Center

Home Details

Home Type

Single Family

Est. Annual Taxes

$111,775

Year Built

Built in 1994

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 1994
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Three Or More Stories
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Dock Available
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: MASHTA POINT SUB
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Cooking Island, Other, Pantry, Split Bedroom, 3 Bedroom Split, Walk-In Closet(s), Den/Library/Office, Maid/In-Law Quarters, Media Room, Utility Room/Laundry
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 5967
  • Possible Use: Unknown/Withheld
  • Window Features: Blinds, High Impact Windows
  • Bedroom Features: Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Dining/Living Room, Formal Dining
  • Living Room Features: Den/Library/Office, Maid/In-Law Quarters, Media Room, Utility Room/Laundry
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • Roof: Other
  • View: Ocean, Direct Ocean
  • Exterior Features: Barbeque, Lighting, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Lot Features: Regular Lot
  • Patio And Porch Features: Deck, Open Balcony
  • Pool Features: Above Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: MASHTA POINT SUB
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Covered, Driveway, Golf Cart Parking, Guest

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Fire Alarm, Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Exercise Room, Game Room

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Keybiscayne

Lot Info

  • Parcel Number: 24-52-06-003-0010
  • Lot Size Sq Ft: 11280
  • Zoning: 2001
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 111775

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Jan 14, 2022
Sold by
Le Glyvec Llc
Bought by
Sullivan Amanda
Seller's Agent
Monica Defortuna
Fortune Christie's Intl R.E.
Buyer's Agent
Monica Defortuna
Fortune Christie's Intl R.E.
List Price
$11,000,000
Sold Price
$10,900,000
Premium/Discount to List
-$100,000
-0.91%
Total Days on Market
44
Current Estimated Value
$9,833,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,066,901
Avg. Annual Appreciation
-2.95%
Original Mortgage
$5,900,000
Outstanding Balance
$5,452,744
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$4,380,355

Purchase Details

Listed on
Nov 8, 2021
Closed on
Dec 21, 2021
Sold by
Maryvadimar Llc
Bought by
Guardalavaca Llc
Seller's Agent
Monica Defortuna
Fortune Christie's Intl R.E.
Buyer's Agent
Monica Defortuna
Fortune Christie's Intl R.E.
List Price
$11,000,000
Sold Price
$10,900,000
Premium/Discount to List
-$100,000
-0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,900,000
Outstanding Balance
$5,452,744
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$4,380,355

Purchase Details

Listed on
Sep 17, 2019
Closed on
Apr 29, 2020
Sold by
Caraballo Jorge and Perez Glenda
Bought by
Maryvadimar Llc
Seller's Agent
Monica Defortuna
Fortune Christie's Intl R.E.
Buyer's Agent
Jose Armesto
Semsch Realty
List Price
$7,995,000
Sold Price
$6,600,000
Premium/Discount to List
-$1,395,000
-17.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.53%
Original Mortgage
$3,960,000
Interest Rate
3.3%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 26, 2013
Closed on
Feb 18, 2015
Sold by
Olive Developments Llc
Bought by
Caraballo Jorge and Perez Glenda
Seller's Agent
Maureen Jauregui
Coldwell Banker Realty
Buyer's Agent
Maria De Armas
Compass Florida, LLC
List Price
$11,900,000
Sold Price
$9,100,000
Premium/Discount to List
-$2,800,000
-23.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.04%
Original Mortgage
$4,000,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 14, 2012
Sold by
Olive Developments Llc
Bought by
Olive Developments Llc

Purchase Details

Closed on
Nov 3, 2010
Sold by
Lee Andrew R
Bought by
745 South Mashta Drive Llc

Purchase Details

Closed on
Feb 2, 2004
Sold by
Borkowski Ricardo Dunin and Borkowski Claudia Dunin
Bought by
Lampert Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Interest Rate
3.5%
Mortgage Type
Unknown
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
Sullivan Amanda $390,000 Garcia & Xiques Pa
Guardalavaca Llc $10,900,000 Garcia & Xiques Pa
Maryvadimar Llc $66,000 South Coast Title Co
Caraballo Jorge $9,100,000 Attorney
Olive Developments Llc -- Attorney
745 South Mashta Drive Llc $6,000,000 Key International Title & Es
Lampert Bruce $3,900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guardalavaca Llc $5,900,000
Previous Owner Maryvadimar Llc $3,960,000
Previous Owner Caraballo Rodriguez Jorge Luis $600,000
Previous Owner Caraballo Jorge $4,000,000
Previous Owner Lampert Bruce $1,950,000
Previous Owner Borkowsky Ricardo Dunin $1,493,000
Previous Owner Borkowsky Ricardo Dunin $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2021 12/23/21 Sold $10,900,000 -0.9% $1,827 / Sq Ft
11/08/2021 11/08/21 For Sale $11,000,000 +66.7% $1,843 / Sq Ft
04/30/2020 04/30/20 Sold $6,600,000 -11.9% $1,106 / Sq Ft
02/20/2020 02/20/20 Price Changed $7,495,000 -6.3% $1,256 / Sq Ft
09/16/2019 09/16/19 For Sale $7,995,000 -12.1% $1,340 / Sq Ft
03/04/2015 03/04/15 Sold $9,100,000 -8.5% $1,514 / Sq Ft
12/02/2014 12/02/14 Pending -- -- --
11/04/2014 11/04/14 Price Changed $9,950,000 -8.7% $1,655 / Sq Ft
06/17/2014 06/17/14 Price Changed $10,900,000 -8.4% $1,813 / Sq Ft
09/26/2013 09/26/13 For Sale $11,900,000 -- $1,980 / 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 $150,384 $9,916,197 $6,429,600 $3,486,597
2023 $150,384 $9,368,805 $5,843,040 $3,525,765
2022 $142,909 $8,922,931 $5,358,000 $3,564,931
2021 $91,136 $5,473,639 $4,681,200 $792,439
2020 $111,775 $6,808,949 $4,512,000 $2,296,949
2019 $113,110 $6,833,614 $4,512,000 $2,321,614
2018 $109,839 $6,858,277 $4,512,000 $2,346,277
2017 $119,365 $7,389,048 $0 $0
2016 $122,560 $7,411,594 $0 $0
2015 $95,735 $5,664,587 $0 $0
2014 $95,082 $5,339,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11118843

MIAMI REALTORS® MLS

APN: 24-5206-003-0010