NOT LISTED FOR SALE

Estimated Value: $13,097,137

0.63 Acre
$20,789,106 Price per Acre
27,443 Sq Ft Lot

Last Sold October 23, 2024

Last sale price $26,000,000 $5,379 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $87,702/month

108 Days on Market

Highlights

  • Dock Available
  • Property fronts an intracoastal waterway
  • No HOA
  • Ruth K. Broad Bay Harbor K-8 Center Rated A
  • 0.63 Acre Lot
  • Landscaped with Trees

About This Lot

As of October 2024

Assouline Team is recognized for raising home values in the neighborhood and is ranked the #1 Team in Bal Harbour and the #3 Team in Miami.

Last Listed By

Ruthie Assouline

Douglas Elliman Brokerage Email: Ruthie.assouline@elliman.com License #3470533 Listed on: 05/02/2024

Douglas Elliman

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $175,225

Year Built

  • 1958

Lot Details

  • 0.63 Acre Lot
  • 150 Ft Wide Lot
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Landscaped with Trees
  • Property is zoned 1100

Listing and Financial Details

  • Assessor Parcel Number 12-22-26-002-0180

Community Details

Overview

  • No Home Owners Association
  • Bal Harbour Residential S Condos
  • Bal Harbour Residential S Subdivision

Recreation

  • Unrestricted saltwater access
  • Boat Lock
  • Dock Available

Property Details

Property Type

Land

Est. Annual Taxes

$175,225

Year Built

1958

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Co List Office Mls Id: DEOM01
  • Co List Office Phone: 305-695-6300
  • Road Frontage Type: Bay
  • Horses: No
  • Inclusions: Boatlock,Dock Available,Unrestricted Salt Water Access
  • Lot Size Acres: 0.63
  • New Construction: No
  • Structure Type: Residential
  • Subdivision Name: BAL HARBOUR RESIDENTIAL S
  • Attribution Contact: Ruthie.assouline@elliman.com
  • Special Features: VirtualTour
  • Year Built: 1958

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • Direction Faces: East
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot, Other
  • Other Structures: None
  • Pool Private: No
  • View: No
  • Waterfront Features: Intracoastal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: BAL HARBOUR RESIDENTIAL S

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 12-22-26-002-0180
  • Additional Parcels: No
  • Current Use: Residential, Check Land Use Plan
  • Development Status: Undeveloped
  • Lot Size Sq Ft: 27796
  • Zoning: 1100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 175225

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Oct 14, 2024
Sold by
148 Bal Bay Drive Propco Llc
Bought by
Mdh Miami Llc
Seller's Agent
Ruthie Assouline
Douglas Elliman
Buyer's Agent
Bento Queiroz
Compass Florida, LLC.
List Price
$28,500,000
Sold Price
$26,000,000
Premium/Discount to List
-$2,500,000
-8.77%
Total Days on Market
108
Views
68
Current Estimated Value
$13,097,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,902,863
Avg. Annual Appreciation
-64.12%

Purchase Details

Closed on
Apr 7, 2021
Sold by
Philipson Bent and Philipson Deborah
Bought by
148 Bal Bay Drive Propco Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 1, 2019
Closed on
Aug 5, 2020
Sold by
Miroshkin Robert and Miroshkin Ekaterina
Bought by
Philipson Ben and Philipson Deborah
Seller's Agent
Lydia Eskenazi
One Sotheby's International Realty
Buyer's Agent
Moshe Goldshtein
One Sotheby's International Realty
List Price
$10,900,000
Sold Price
$9,300,000
Premium/Discount to List
-$1,600,000
-14.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.57%

Purchase Details

Closed on
Dec 30, 2009
Sold by
Irsay James S
Bought by
Miroshkin Robert and Miroshkin Ekaterina

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
Mdh Miami Llc $26,000,000 Bh Title Agency
148 Bal Bay Drive Propco Llc -- First Intl Ttl Reo Div
Philipson Ben $9,300,000 Attorney
Miroshkin Robert $3,175,000 Attorney
Miroshkin Robert -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 148 Bal Bay Drive Propco Llc $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Sold $26,000,000 -8.8% $5,379 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $28,500,000 +206.5% $5,896 / Sq Ft
08/10/2020 08/10/20 Sold $9,300,000 -12.3% $1,924 / Sq Ft
07/26/2020 07/26/20 Pending -- -- --
12/18/2019 12/18/19 Price Changed $10,600,000 -2.8% $2,193 / Sq Ft
10/01/2019 10/01/19 For Sale $10,900,000 -- $2,255 / 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 $175,225 $10,102,847 -- --
2023 $175,225 $9,184,407 $0 $0
2022 $167,848 $9,468,216 $8,339,678 $1,128,538
2021 $137,777 $7,674,062 $6,566,624 $1,107,438
2020 $66,345 $3,590,445 $0 $0
2019 $64,071 $3,509,722 $0 $0
2018 $61,050 $3,444,281 $0 $0
2017 $60,670 $3,373,439 $0 $0
2016 $59,884 $3,304,054 $0 $0
2015 $60,667 $3,281,087 $0 $0
2014 $61,784 $3,255,047 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11579862

MIAMI REALTORS® MLS

APN: 12-2226-002-0180