NOT LISTED FOR SALE

Estimated Value: $6,457,000

27,679 Acres
$233 Price per Acre
1,205,697,000 Sq Ft Lot

Last Sold January 02, 2012

Last sale price $6,950,000 $251 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $42,703/month

514 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • 27,679 Acre Lot
  • Cul-De-Sac
  • Key Biscayne K-8 Center Rated A-
  • No HOA

About This Lot

As of January 2012

UNIQUE PIECE OF LAND IN MASHTA ISLAND ( ALMOST 28,000 SQ.FT) WATERFRONT. MIAMI SKYLINE POSSIBLE BEACH. EXCELLENT LOCATION AND VIEW.

Last Agent to Sell the Property

Brigitte De Langeron

DLS International Realty License #0545936 Listed on: 07/02/2010

Last Buyer's Agent

Elizabeth Warner

MMLS Assoc.-Inactive Member License #0335156

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $133,652

Year Built

  • 2016

Lot Details

  • 27,679 Acre Lot
  • Property Fronts a Bay or Harbor
  • Cul-De-Sac
  • Southwest Facing Home
  • Property is zoned 21/EST 1

Interior Spaces

  • 27,679 Sq Ft Home
  • Bay Views

Community Details

  • No Home Owners Association
  • Mashta Island Replat Condos
  • Mashta Island Replat Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-52-06-002-0020

Property Details

Property Type

Land

Est. Annual Taxes

$133,652

Year Built

2016

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Road Frontage Type: Bay
  • Horses: No
  • Inclusions: Other
  • Lot Size Acres: 27679
  • New Construction: No
  • Road Frontage Type: Paved Road
  • Road Surface Type: Paved Road
  • Structure Type: Residential
  • Subdivision Name: MASHTA ISLAND REPLAT
  • Special Features: None
  • Year Built (Public Record): 2016

Exterior Features

  • View: Bay View
  • Direction Faces: Southwest
  • Disclosures: Disclosure
  • Waterfront Elevation: 5
  • Lot Features: Cul-De-Sac Location, Other Soil Type, 1/4 To Less Than 1/2 Acre Lot, Waterfront Bulkhead
  • Other Structures: None
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MASHTA ISLAND REPLAT

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Utilities: Other Utilities Available, None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 24-52-06-002-0020
  • Additional Parcels: No
  • Current Use: Residential, Other Usage
  • Development Status: Undeveloped
  • Lot Size Sq Ft: 27679
  • Zoning: 21/EST 1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2009
  • Tax Annual Amount: 133652

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2017
Sold by
Bryan Timothy and Bryan Nna
Bought by
Bryan Timothy
Total Days on Market
514
Current Estimated Value
$6,457,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,500,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 2, 2010
Closed on
Dec 23, 2011
Sold by
Farah Michel
Bought by
Bryan Timothy and Bryan Nina
Seller's Agent
Brigitte De Langeron
DLS International Realty
Buyer's Agent
Elizabeth Warner
MMLS Assoc.-Inactive Member
List Price
$8,400,000
Sold Price
$6,950,000
Premium/Discount to List
-$1,450,000
-17.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.71%
Original Mortgage
$3,475,000
Interest Rate
4.06%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 29, 2010
Sold by
745 South Mashta Drive Llc
Bought by
Bryan Timothy and Bryan Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
4.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 27, 2005
Sold by
381383 Alberta Ltd
Bought by
Tancogne Xavier

Purchase Details

Closed on
Jul 2, 2003
Sold by
Carriere Property Inc
Bought by
745 South Mashta Drive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,665,000
Interest Rate
4.87%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 11, 2001
Sold by
Pozo Jaime A and Pozo Graciela
Bought by
Carriere Property
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 Buyer Sale Price Title Company
Bryan Timothy -- Attorney
Bryan Timothy $6,950,000 Attorney
Bryan Timothy $8,499,999 Attorney
Tancogne Xavier $4,425,000 --
745 South Mashta Drive Llc $4,100,000 --
Carriere Property $4,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bryan Timothy $16,500,000
Closed Carriere Property $16,500,000
Closed Bryan Timothy $21,826,566
Closed Bryan Timothy $16,500,000
Closed Bryan Timothy $12,680,400
Closed Bryan Timothy $6,000,000
Closed Bryan Timothy $3,475,000
Previous Owner Bryan Timothy $8,000,000
Previous Owner 745 South Mashta Drive Llc $2,665,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2012 01/02/12 Sold $6,950,000 -17.3% $251 / Sq Ft
11/28/2011 11/28/11 Pending -- -- --
07/02/2010 07/02/10 For Sale $8,400,000 -- $303 / 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 $370,521 $25,060,261 $18,330,059 $6,730,202
2023 $370,521 $22,847,270 $0 $0
2022 $340,697 $20,770,246 $0 $0
2021 $340,114 $20,467,868 $0 $0
2020 $336,105 $20,353,104 $13,333,521 $7,019,583
2019 $338,139 $20,425,448 $13,333,521 $7,091,927
2018 $328,279 $20,496,732 $13,333,521 $7,163,211
2017 $364,540 $22,565,090 $0 $0
2016 $247,425 $14,664,047 $0 $0
2015 $225,342 $13,330,952 $0 $0
2014 $230,600 $13,330,952 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: M1401068

MIAMI REALTORS® MLS

APN: 24-5206-003-0030