NOT LISTED FOR SALE

Estimated Value: $6,713,000 - $20,381,177

8 Beds
8.5 Baths
5,602 Sq Ft
$2,418/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $16,875,000 $3,012 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $97,987/month

40 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • New Construction
  • Sunset Elementary School Rated A
  • Home Theater
  • In Ground Pool

About This Home

As of August 2021

Location, lifestyle, and luxury. Located in the exclusive Guard-Gated Community of Old Cutler Bay this custom new construction masterpiece leaves no box unchecked.Boasting marble & hardwood floors throughout, this home features 8 beds, 8/1 baths designed over 6,750 SqFt of LA & 11,223 total SqFt.Stunning kitchen w marble tops, expansive walk-in Pantry,gas stove & top of the line appliances is an epicurean delight.Master Suite includes sitting area,walk-in closets & oversize Master Bath steam rain shower w chroma therapy. Entertain indoors or out by the pool & expansive outdoor kitchen overlooking newly built seawall & dock accommodating a 100’ vessel & no bridges to bay.Full home generator,Savant smart home,elevator,2 garage w 15’ ceilings & bonus 2,000 SqFt basement complete this estate

Last Agent to Sell the Property

Lourdes Alatriste

Douglas Elliman License #0693485 Listed on: 05/12/2021

Douglas Elliman

Last Buyer's Agent

Judith Hansen

Compass Florida, LLC License #3184540

Compass Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $68,426

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 0.51 Acre Lot
  • 100 Ft Wide Lot
  • Home fronts a canal
  • West Facing Home
  • Fenced
  • Property is zoned 0100

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Property Views

  • Canal
  • Pool

Home Design

  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Fireplace
  • Great Room
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Marble Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • Two Primary Bathrooms
  • Bidet
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Washer

Home Security

  • Complete Impact Glass
  • High Impact Door

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Private Dock
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 03-51-05-006-0140

Community Details

Overview

  • Old Cutler Bay Sec 2 Subdivision

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$68,426

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2020
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock, Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: OLD CUTLER BAY SEC 2
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Water Heater, Ice Maker, Microwave, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Cooking Island, Elevator, Pantry, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Family Room, Great Room, Media Room, Utility Room/Laundry
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Door Features: High Impact Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble
  • Furnished: Unfurnished
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Window Features: Clear Impact Glass, Complete Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Sitting Area - Master Bedroom
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Great Room, Media Room, Utility Room/Laundry
  • Master Bathroom Features: 2 Master Bathrooms, Bidet, Separate Tub & Shower

Exterior Features

  • Roof: Flat Tile
  • View: Canal, Pool
  • Exterior Features: Barbeque, Lighting
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Fencing: Fenced
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Pool Features: In Ground
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: OLD CUTLER BAY SEC 2
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated Community, Security Patrol
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 03-51-05-006-0140
  • Lot Size Sq Ft: 22400
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 68426

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Aug 6, 2021
Sold by
Ocr Holdings Llc
Bought by
Tamier Zena M and 9360 Balada Trust
Seller's Agent
Lourdes Alatriste
Douglas Elliman
Buyer's Agent
Judith Hansen
Compass Florida, LLC
List Price
$17,450,000
Sold Price
$16,875,000
Premium/Discount to List
-$575,000
-3.3%
Current Estimated Value
$13,547,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,327,911
Avg. Annual Appreciation
-1.96%

Purchase Details

Closed on
Sep 28, 2018
Sold by
Marshall Kurt and Marshall Gladys B
Bought by
Ocb Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,760,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 10, 2012
Closed on
Sep 30, 2013
Sold by
Fraga Antonio C and Fraga Corina B
Bought by
Marshall Kurt and Marshall Glayds B
Seller's Agent
Toni Schrager
Brown Harris Stevens
Buyer's Agent
Toni Schrager
Brown Harris Stevens
List Price
$3,450,000
Sold Price
$3,250,000
Premium/Discount to List
-$200,000
-5.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.03%
Original Mortgage
$2,000,000
Interest Rate
4.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2004
Sold by
Epstein Abby
Bought by
Fraga Antonio C and Fraga Corina B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 24, 2004
Sold by
Kaplan Elaine and Kaplan Jerry
Bought by
Fraga Antonio C and Fraga Corina B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 7, 1998
Sold by
Epstein Bernard R and Epstein Liliana
Bought by
Epstein Bernard and Bernard Epstein Revocable Trust
Source: Public Records

Range of Values:

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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
Tamier Zena M $16,875,000 Attorney
Ocb Holdings Llc -- Attorney
Marshall Kurt $3,250,000 Attorney
Fraga Antonio C -- --
Fraga Antonio C $1,500,000 --
Fraga Antonio C -- --
Epstein Bernard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 9360 Balada Trust $8,437,500
Previous Owner Ocb Holdings Llc $4,760,000
Previous Owner Marshall Kurt $2,000,000
Previous Owner Fraga Antonio C $750,000
Previous Owner Fraga Antonio C $1,500,000
Previous Owner Fraga Antonio C $1,250,000
Previous Owner Fraga Antonio C $300,000
Previous Owner Fraga Antonio C $1,050,000
Previous Owner Fraga Antonio C $1,050,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Sold $16,875,000 -3.3% $3,012 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $17,450,000 +436.9% $3,115 / Sq Ft
10/11/2013 10/11/13 Sold $3,250,000 -5.8% $582 / Sq Ft
06/20/2013 06/20/13 Pending -- -- --
10/10/2012 10/10/12 For Sale $3,450,000 -- $618 / 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 $295,942 $16,117,556 $6,720,000 $9,397,556
2024 $288,916 $16,045,704 -- --
2023 $288,916 $15,578,354 $5,987,520 $9,590,834
2022 $262,857 $14,122,440 $4,435,200 $9,687,240
2021 $70,983 $3,539,200 $3,539,200 $0
2020 $68,426 $3,360,000 $3,360,000 $0
2019 $64,049 $3,153,920 $3,153,920 $0
2018 $55,023 $2,867,200 $2,867,200 $0
2017 $53,479 $2,439,360 $0 $0
2016 $51,832 $2,217,600 $0 $0
2015 $57,596 $2,766,906 $0 $0
2014 $55,484 $2,633,366 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11039851

MIAMI REALTORS® MLS

APN: 03-5105-006-0140