NOT LISTED FOR SALE

Bay Harbor Islands, FL 33154

Estimated Value: $7,229,000

4 Beds
4 Baths
4,697 Sq Ft
$1,539/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $3,730,000 $794 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $42,699/month

73 Days on Market

Highlights

  • Home fronts a canal
  • No HOA
  • Central Air
  • Ruth K. Broad Bay Harbor K-8 Center Rated A
  • Tile Flooring
  • 3-minute walk to Officer Scott Winters Park

About This Home

As of December 2021

Great redevelopment opportunity in Bay Harbor Islands.
Prime location zoned RM-1 (4 stories -8 unit multifamily), or landlord trying to build or add to their portfolio. This existing 4 Unit Apartment building is fully yearly rented and could be used as a vacation rental.
Just appraised, appraisal available upon request.

Last Agent to Sell the Property

Maria Lea Plaza

LP Realty, LLC. License #3228685 Listed on: 08/24/2021

Last Buyer's Agent

Enrique Feldman

Yaffe International Realty License #3222208

Yaffe International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $43,815

Year Built

  • Built in 1950

Lot Details

  • 39 Ft Wide Lot
  • Home fronts a canal

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,697 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Utilities

  • Central Air
  • No Heating

Community Details

  • No Home Owners Association
  • 4 Units
  • Bay Harbor Island Condos
  • Bay Harbor Island Subdivision

Listing and Financial Details

  • Rent includes pest control, sewer, trash collection
  • Assessor Parcel Number 13-22-27-001-0750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$43,815

Year Built

Built in 1950

Lot Details

0.26 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1950
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: BAY HARBOR ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 4697
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Concrete
  • Construction Type: CBS Construction
  • Lot Features: Other Lot Description
  • Pool Private: No
  • View: No
  • Waterfront Features: Canal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: BAY HARBOR ISLAND
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 13-22-27-001-0750
  • Zoning: 4500
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Pest Control, Sewer, Trash Collection

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 43815

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2024
Sold by
9700 W Bay Harbor Dr Llc
Bought by
Aire Bay Harbor Llc
Current Estimated Value
$7,229,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500,000
Outstanding Balance
$6,359,380
Interest Rate
6.61%
Mortgage Type
Seller Take Back
Estimated Equity
$869,620

Purchase Details

Listed on
Aug 24, 2021
Closed on
Nov 19, 2021
Sold by
9700 Bay Harbor Llc
Bought by
9700 W Bay Harbor Dr Llc
Seller's Agent
Maria Lea Plaza
LP Realty, LLC.
Buyer's Agent
Enrique Feldman
Yaffe International Realty
List Price
$4,000,000
Sold Price
$3,730,000
Premium/Discount to List
-$270,000
-6.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.02%

Purchase Details

Closed on
Nov 4, 2013
Sold by
Casarapa Llc
Bought by
9700 Bay Harbor Llc

Purchase Details

Closed on
May 19, 2005
Sold by
Bay Harbor One Llc
Bought by
Casarapa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,070,000
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2005
Sold by
Pausyl Corp
Bought by
Bay Harbor One Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,070,000
Interest Rate
5.88%
Mortgage Type
Commercial
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
Aire Bay Harbor Llc $7,518,000 None Listed On Document
9700 W Bay Harbor Dr Llc $3,730,000 R&S International Law Group Ll
9700 Bay Harbor Llc $1,600,000 Attorney
Casarapa Llc $1,653,100 Toma Title Group Inc
Bay Harbor One Llc $1,240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aire Bay Harbor Llc $6,500,000
Previous Owner Casarapa Llc $1,070,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2021 12/03/21 Sold $3,730,000 -6.8% $794 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $4,000,000 0.0% $852 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $4,000,000 -- $852 / 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 $65,507 $3,937,500 $3,937,500 --
2024 $61,358 $3,403,125 -- --
2023 $61,358 $3,349,632 $3,093,750 $255,882
2022 $56,656 $3,094,750 $3,093,750 $1,000
2021 $46,166 $2,318,208 $0 $0
2020 $43,815 $2,532,250 $2,531,250 $1,000
2019 $41,577 $2,532,250 $2,531,250 $1,000
2018 $38,513 $2,532,250 $2,531,250 $1,000
2017 $37,642 $1,583,369 $0 $0
2016 $29,488 $1,439,427 $0 $0
2015 $26,950 $1,308,570 $0 $0
2014 $27,782 $1,301,771 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Maria Lea Plaza

    LP Realty, LLC.

    (305) 967-8820

    1 in this area

    68 Total Sales

    Maria Lea Plaza
    Section Image

  • E

    Buyer's Agent in 2021

    Enrique Feldman

    Yaffe International Realty

    (305) 586-4987

    1 in this area

    2 Total Sales

    Enrique Feldman
    Section Image
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Source: MIAMI REALTORS® MLS

MLS Number: A11087902

MIAMI REALTORS® MLS

APN: 13-2227-001-0750

Florida Miami/Dade County Bay Harbor Islands

33154

Not Listed for Sale

MultiFamily

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