NOT LISTED FOR SALE

Estimated Value: $6,837,000 - $7,823,000

0.31 Acre
$23,876,221 Price per Acre
13,373 Sq Ft Lot

Last Sold January 15, 2025

Last sale price $10,250,000 $1,001 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $48,242/month

88 Days on Market

Highlights

  • Property has ocean access
  • Dock Available
  • No HOA
  • North Beach Elementary School Rated A-
  • Property Fronts a Bay or Harbor
  • Landscaped with Trees

About This Lot

As of January 2025

Build your dream home on this prestigious waterfront property with approx.. 13,383 square feet with 104 ft of waterfrontage. Located at the SW tip of San Marco Island, this property offers captivating unobstructed open bay sunset views of the Miami downtown skyline. A captivating row of palm trees adorn the water's edge, creating a picturesque frame for breathtaking sunsets. Situated at the heart of the coveted Venetian Islands, this exceptional location is in close proximity to Sunset Harbour retail & restaurants, the Design District and world-class shopping, dining and beaches. Close to schools such as Ransom, Cushman, and Country Day, and close to the new office towers in Brickell. Ability to build over 9,000 sq feet of living space and luxurious roof top entertainment deck.

Last Listed By

Julian Johnston

The Corcoran Group License #3041178 Listed on: 08/02/2024

The Corcoran Group

Property Details

Property Type

  • Land

Year Built

  • 1980

Lot Details

  • 0.31 Acre Lot
  • 104 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • Southwest Facing Home
  • Landscaped with Trees
  • Property is zoned 0100

Listing and Financial Details

  • Assessor Parcel Number 01-32-32-001-0400

Community Details

Overview

  • No Home Owners Association
  • San Marco Condos
  • San Marco Subdivision

Recreation

  • Property has ocean access
  • Dock Available

Property Details

Property Type

Land

Year Built

1980

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Road Frontage Type: Bay
  • Horses: No
  • Inclusions: Dock Available
  • Lot Size Acres: 0.307
  • New Construction: No
  • Structure Type: Residential
  • Subdivision Name: SAN MARCO
  • Special Features: VirtualTour
  • Year Built: 1980

Interior Features

  • Possible Use: Primary

Exterior Features

  • Direction Faces: Southwest
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, Other
  • Other Structures: Other Bldg Incl
  • Pool Private: No
  • View: No
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: SAN MARCO

Utilities

  • Sewer: Other
  • Water Source: Other

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-32-32-001-0400
  • Additional Parcels: No
  • Current Use: Residential, Other Usage
  • Development Status: Other
  • Lot Size Sq Ft: 13383
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 264809

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Jan 14, 2025
Sold by
1234 Venetian Llc
Bought by
Casa Svw Llc
Seller's Agent
Julian Johnston
The Corcoran Group
Buyer's Agent
Julian Johnston
The Corcoran Group
List Price
$12,000,000
Sold Price
$10,250,000
Premium/Discount to List
-$1,750,000
-14.58%
Total Days on Market
88
Views
44
Current Estimated Value
$7,330,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,920,000
Avg. Annual Appreciation
-26.04%

Purchase Details

Listed on
Aug 2, 2024
Closed on
Jan 10, 2025
Sold by
1234 Venetian Llc
Bought by
1230 Venetian Llc
Seller's Agent
Julian Johnston
The Corcoran Group
Buyer's Agent
Julian Johnston
The Corcoran Group
List Price
$12,000,000
Sold Price
$10,250,000
Premium/Discount to List
-$1,750,000
-14.58%
Views
44

Purchase Details

Closed on
Jun 21, 2021
Sold by
M & A Venetian Llc
Bought by
1234 Venetian Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2009
Sold by
Capo Manuel and Capo Aida
Bought by
M & A Venetian Llc

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
Casa Svw Llc $10,250,000 None Listed On Document
Casa Svw Llc $10,250,000 None Listed On Document
1230 Venetian Llc $6,000,000 None Listed On Document
1230 Venetian Llc $6,000,000 None Listed On Document
1234 Venetian Llc $3,550,000 Attorney
M & A Venetian Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1234 Venetian Llc $10,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $10,250,000 +28.1% $1,001 / Sq Ft
01/10/2025 01/10/25 Sold $8,000,000 -33.3% $781 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
08/09/2024 08/09/24 Pending -- -- --
08/02/2024 08/02/24 For Sale $12,000,000 +9.1% $1,171 / Sq Ft
08/02/2024 08/02/24 For Sale $11,000,000 -- $1,074 / 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 $529,619 $24,311,848 -- --
2023 $529,619 $22,101,680 $0 $0
2022 $414,210 $20,092,437 $20,073,000 $19,437
2021 $261,155 $11,415,767 $0 $0
2020 $239,153 $12,866,679 $12,846,720 $19,959
2019 $260,415 $16,097,422 $14,854,020 $1,243,402
2018 $236,842 $11,289,451 $10,036,500 $1,252,951
2017 $260,519 $10,289,963 $0 $0
2016 $255,599 $9,354,512 $0 $0
2015 $208,331 $8,504,102 $0 $0
2014 $190,111 $7,731,002 $0 $0
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11633314

MIAMI REALTORS® MLS

APN: 01-3232-001-0400