NOT LISTED FOR SALE

7921 Noremac Ave Miami Beach, FL 33141

Biscayne Point Neighborhood

Estimated Value: $1,786,000 - $2,502,000

0.21 Acre
$10,329,160 Price per Acre
9,000 Sq Ft Lot

Last Sold May 08, 2023

Last sale price $1,825,000 $924 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $13,513/month

150 Days on Market

Highlights

  • Property has ocean access
  • Corner Lot
  • Landscaped with Trees
  • Home fronts a canal
  • No HOA
  • 1-minute walk to Crespi Park

About This Lot

As of May 2023

Achieve water views from all 4-bedrooms on Biscayne Point Island, Miami Beach, FL, new dev home site land for sale. Rare opportunity to build a 2-story luxury residence on the water. No fixed bridges to the Ocean via Haulover Cut. This 9,000 SF lot offers 210' of sea wall accommodating up to 60' boats with approximately a 4' to 5' draft in low tide. Sold as land value. Last similar lot sold for $2.825 mm. Sea wall permit is approved. Plans attached for a 4 bed & 5 bath pool home. Prime Island location surrounded by multi-million-dollar estates on a gated island. New Construction homes are listing for $13 mm for proforma profit could be $3.0 to $6 mm +/-.

Last Agent to Sell the Property

Brian Carter, MBA, CCIM

Douglas Elliman License #3022095 Listed on: 11/15/2022

Douglas Elliman

Co-Listed By

Daniel Hernandez

MMLS Assoc.-Inactive Member License #3347083

Last Buyer's Agent

Brian Carter, MBA, CCIM

Douglas Elliman License #3022095 Listed on: 11/15/2022

Douglas Elliman

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,650

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 60x150
  • Home fronts a canal
  • East Facing Home
  • Corner Lot
  • Landscaped with Trees
  • Property is zoned 0100

Additional Features

  • Canal Views
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 02-32-03-001-2900

Community Details

Overview

  • No Home Owners Association
  • Biscayne Point Condos
  • Biscayne Point,Biscayne Point Islan Subdivision

Recreation

  • Property has ocean access
  • No Fixed Bridges
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$14,650

Lot Details

9,000 Sq Ft Lot

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Co List Office Mls Id: DEOM10
  • Co List Office Phone: 305-677-5000
  • Directions: Use GPS and see sign on property. Sea Wall Permit Approved. Home a tear down. Plans submitted and in process.
  • Horses: No
  • Inclusions: Other
  • Lot Size Acres: 0.206
  • Lot Size: 60x150
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Paved Road
  • Road Surface Type: Paved Road, Paved
  • Structure Type: Residential
  • Subdivision Name: BISCAYNE POINT,Biscayne Point Islan
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • View: Canal View
  • Direction Faces: East
  • Lot Features: City Location, Corner Location, Less Than 1/4 Acre Lot, Sidewalk
  • Other Structures: None, Other Bldg Incl
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front, No Fixed Bridges, Ocean Access, Seawall
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: BISCAYNE POINT

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-32-03-001-2900
  • Additional Parcels: No
  • Current Use: Residential, Check Land Use Plan, Unused
  • Development Status: Undeveloped
  • Lot Size Sq Ft: 9000
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 14650

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2022
Closed on
May 8, 2023
Sold by
7921 Biscayne Point Llc
Bought by
7921 Noremac Llc
Seller's Agent
Brian Carter, MBA, CCIM
Douglas Elliman
Buyer's Agent
Brian Carter, MBA, CCIM
Douglas Elliman
List Price
$3,200,000
Sold Price
$1,825,000
Premium/Discount to List
-$1,375,000
-42.97%
Views
165
Current Estimated Value
$2,127,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,807
Avg. Annual Appreciation
5.53%

Purchase Details

Listed on
Nov 2, 2020
Closed on
Jun 14, 2021
Sold by
Singer Maurice S
Bought by
7921 Biscayne Point Llc
Seller's Agent
Daniel Hernandez
MMLS Assoc.-Inactive Member
Buyer's Agent
Brian Carter, MBA, CCIM
Douglas Elliman
List Price
$1,100,000
Sold Price
$850,000
Premium/Discount to List
-$250,000
-22.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.15%
Original Mortgage
$680,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2010
Sold by
Singer Maurice S
Bought by
Singer Maurice S
Source: Public Records
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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
7921 Noremac Llc $1,825,000 None Listed On Document
7921 Biscayne Point Llc $850,000 Clear Title Group
Singer Maurice S -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 7921 Biscayne Point Llc $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/08/2023 05/08/23 Sold $1,825,000 -3.9% $924 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
03/20/2023 03/20/23 Price Changed $1,900,000 -23.7% $962 / Sq Ft
02/08/2023 02/08/23 Price Changed $2,490,000 -9.5% $1,260 / Sq Ft
01/17/2023 01/17/23 Price Changed $2,750,000 -4.8% $1,392 / Sq Ft
11/29/2022 11/29/22 Price Changed $2,890,000 -9.7% $1,463 / Sq Ft
11/15/2022 11/15/22 For Sale $3,200,000 +276.5% $1,619 / Sq Ft
06/21/2021 06/21/21 Sold $850,000 -22.7% $430 / Sq Ft View Prior Sale
03/29/2021 03/29/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $1,100,000 0.0% $557 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
01/07/2021 01/07/21 Price Changed $1,100,000 -8.3% $557 / Sq Ft
11/02/2020 11/02/20 For Sale $1,200,000 -- $607 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $29,287 $1,530,000 $1,530,000 --
2024 $22,829 $1,529,690 $1,529,690 --
2023 $22,829 $993,374 $0 $0
2022 $17,650 $903,068 $899,993 $3,075
2021 $14,650 $720,102 $0 $0
2020 $13,880 $728,923 $562,535 $166,388
2019 $13,175 $728,923 $562,535 $166,388
2018 $12,205 $728,923 $562,535 $166,388
2017 $11,781 $491,841 $0 $0
2016 $11,459 $447,129 $0 $0
2015 $11,239 $406,481 $0 $0
2014 $9,770 $369,529 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Carter, MBA, CCIM

    Seller's Agent in 2023

    Brian Carter, MBA, CCIM

    Douglas Elliman

    (305) 582-2424

    2 in this area

    55 Total Sales

    Brian Carter, MBA, CCIM
    Section Image

  • D

    Seller Co-Listing Agent in 2023

    Daniel Hernandez

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11302518

MIAMI REALTORS® MLS

APN: 02-3203-001-2900

Florida Miami/Dade County Miami Beach 33141 Biscayne Point

7921 Noremac Ave, Miami Beach, FL

Not Listed for Sale

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