NOT LISTED FOR SALE

Estimated Value: $5,514,000 - $18,015,524

6 Beds
8 Baths
10,065 Sq Ft
$12,929/mo HOA Fee

Last Sold August 16, 2024

Last sale price $19,500,000 $1,937 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $92,941/month

268 Days on Market

Highlights

  • Doorman
  • Ocean View
  • Fitness Center
  • Coconut Grove Elementary School Rated A
  • Community Cabanas
  • 4-minute walk to Regatta Park

About This Home

As of August 2024

Discover Miami's grandest single-floor condo in Miami, spanning 11,000 sq. ft with 12' ceilings. This penthouse, designed by Nick Luaces, showcases 6 beds, 6 baths, 2 powder rooms, a theater, library, office, and distinct seating zones. Boasting Bang & Olufsen home automation, the 3,000 sq. ft master suite stuns with a chic dressing area, midnight kitchen, gym, sauna, and terraces accessible from public spaces. This home includes access to a 4-car private garage with storage. Enjoy bay views from the unique wrap-around terrace, private elevator foyer, and deluxe kitchen. This masterpiece resides in Grove at Grand Bay by architect Bjarke Engels. Experience an unparalleled lifestyle living in the heart of the Grove!

Last Agent to Sell the Property

Chad Carroll

Compass Florida, LLC License #3231797 Listed on: 08/16/2023

Compass Florida, LLC

Co-Listed By

Lisandra Martinez

Barnes International Realty, LLC License #3427711

Last Buyer's Agent

Malgozata Makovska Fuller

One Sotheby's International Re License #3440640

One Sotheby's International Re

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $179,736

Year Built

  • Built in 2016

HOA Fees

  • $12,929 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Assigned Parking

Property Views

Home Design

  • Penthouse
  • Entry on the 21st floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 10,065 Sq Ft Home
  • Furnished
  • Vaulted Ceiling
  • Blinds
  • Entrance Foyer
  • Formal Dining Room
  • Home Theater
  • Den
  • Storage Room

Kitchen

  • Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Grill

Additional Features

  • Waterfront
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-22-040-0550

Community Details

Overview

  • High-Rise Condominium
  • Grove At Grand Bay Condos
  • Dinner Key Subdivision
  • 22-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Sauna
  • Community Kitchen
  • Community Center
  • Party Room
  • Community Library
  • Secure Lobby

Recreation

  • Community Playground
  • Community Cabanas
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Secure Elevator
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$179,736

Year Built

Built in 2016

Lot Details

0

HOA Fees

$12,929 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise, Penthouse
  • Co List Office Mls Id: COMP05
  • Co List Office Phone: 305-851-2820
  • Entry Level: 21
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: DINNER KEY
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Gas Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: First Floor Entry, Second Floor Entry, Entrance Foyer, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Den/Library/Office, Media Room, Storage, Utility Room/Laundry
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Entry Location: Foyer
  • Flooring: Marble, Wood
  • Furnished: Furnished
  • Living Area: 10065
  • Possible Use: Primary
  • Stories: 22
  • Window Features: Blinds, Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Formal Dining
  • Living Room Features: Den/Library/Office, Media Room, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Bay, Intracoastal View, Ocean View, Other View, Skyline, Water View
  • Exterior Features: Barbeque, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony, Wrap Around
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: GROVE AT GRAND BAY
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Parking Features: 2 Or More Spaces, Assigned, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Smoke Detector, Doorman, Elevator Secure, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 12929
  • Amenities: Barbecue, Bike Storage, Cabana, Child Play Area, Community Room, Exercise Room, Heated Pool, Kitchen Facilities, Library, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-22-040-0550
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 179736

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2023
Closed on
Aug 14, 2024
Sold by
Lph Grove Grand Bay Llc
Bought by
Brecka Gary and Workinger Cicely Sage
Seller's Agent
Chad Carroll
Compass Florida, LLC
Buyer's Agent
Malgozata Makovska Fuller
One Sotheby's International Re
List Price
$23,000,000
Sold Price
$19,500,000
Premium/Discount to List
-$3,500,000
-15.22%
Views
235
Current Estimated Value
$11,764,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,735,238
Avg. Annual Appreciation
-37.10%
Original Mortgage
$12,000,000
Outstanding Balance
$11,887,509
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$122,747
Source: Public Records

Range of Values:

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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
Brecka Gary $19,500,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brecka Gary $12,000,000
Previous Owner Lph Grove Grand Bay Llc $2,800,000
Previous Owner Lph Grove Grand Bay Llc $2,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $19,500,000 +2.6% $1,937 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
01/08/2024 01/08/24 Price Changed $19,000,000 0.0% $1,888 / Sq Ft
11/01/2023 11/01/23 Rented $80,000 -5.9% --
10/20/2023 10/20/23 Under Contract -- -- --
09/11/2023 09/11/23 Price Changed $85,000 0.0% $8 / Sq Ft
09/11/2023 09/11/23 Price Changed $20,000,000 0.0% $1,987 / Sq Ft
08/16/2023 08/16/23 For Rent $100,000 0.0% --
08/16/2023 08/16/23 For Sale $23,000,000 0.0% $2,285 / Sq Ft
10/31/2022 10/31/22 Rented $80,000 -5.9% --
07/11/2022 07/11/22 For Rent $85,000 -- --
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 $214,596 $15,090,560 -- --
2024 $214,245 $8,559,794 -- --
2023 $214,245 $7,781,631 $0 $0
2022 $179,736 $7,074,210 $0 $0
2021 $136,639 $6,431,100 $0 $0
2020 $136,970 $6,431,100 $0 $0
2019 $141,527 $6,630,000 $0 $0
2018 $163,374 $7,800,000 $0 $0
2017 $158,882 $7,500,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11433836

MIAMI REALTORS® MLS

APN: 01-4122-040-0550