$19,500,000
SOLD NOV 27, 2024
7 Beds
7.5 Baths
8,132 Sq Ft
1.14 Acres

Recently Sold

$2,398 Per Sq Ft

22% Below List Price

390 Days on Market

Highlights

  • Property has ocean access
  • Guest House
  • Deeded Boat Dock
  • Harbordale Elementary School Rated A-
  • Home fronts navigable water
  • Bar or Lounge

About This Home

As of November 2024

BUILDERS DREAM! Luxurious and one of a kind Estate in Las Olas! Idyllically located on a private 1.14-acre point lot on the Rio Grande Canal, this 7BR/7.5BA, 8,132sqft abode impresses with jaw-dropping Mediterranean architectures and 550’ of protected waterfront for mega-yachts. The impeccable interior features towering ceilings, exotic marble floors and a gourmet kitchen with premium stainless appliances. Entertainment-ready, the home boasts a billiard room, bar, lounge, sparkling pool, and intoxicating water views. The first-floor master bedroom pampers with coffered ceilings, a walk-in closet, hardwood floors, pool access, and a European spa-inspired en suite with a Romanesque shower and a deep soaking tub. 3-car garage, laundry area, guest home and quick access to ocean.

Last Agent to Sell the Property

Chenet Nelson

Compass Florida, LLC License #3178003

Compass Florida, LLC

Last Buyer's Agent

Chenet Nelson

Compass Florida, LLC License #3178003

Compass Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $224,374

Year Built

  • Built in 1981

Lot Details

  • 1.14 Acre Lot
  • 550 Ft Wide Lot
  • Home fronts navigable water
  • Property fronts an intracoastal waterway
  • Waterfront Tip Lot
  • South Facing Home
  • Fenced

Parking

  • 3 Car Garage
  • Garage Apartment
  • Automatic Garage Door Opener
  • Circular Driveway
  • Open Parking

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,132 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Furnished
  • Fireplace
  • Family Room
  • Home Theater
  • Den
  • Sun or Florida Room
  • Intracoastal Views
  • High Impact Door
  • Washer

Kitchen

  • Gas Range
  • Dishwasher
  • Cooking Island
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Maid or Guest Quarters
  • In-Law or Guest Suite

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Deeded Boat Dock
  • Patio

Additional Features

  • Guest House
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 504201360013

Community Details

Overview

  • No Home Owners Association
  • Voluntary home owners association
  • Merritt Isle Subdivision

Additional Features

  • Bar or Lounge
  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$224,374

Year Built

Built in 1981

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Directions: East on Las Olas Blvd. Left to Seven Isles Dr. Then right on 5th st Barcelona over the bridge , turn right onto the to private street .
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: MERRITT ISLE
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Other Equipment/Appliances, Gas Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Bar, Cooking Island, Walk-In Closet(s), Wet Bar, Den/Library/Office, Family Room, Florida Room, Garage Apartment, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Media Room
  • Accessibility Features: Accessible
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Door Features: High Impact Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Furnished: Furnished, Partially Furnished
  • Living Area: 8132
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Ground Level
  • Living Room Features: Den/Library/Office, Family Room, Florida Room, Garage Apartment, Separate Guest/In-Law Quarters, Guest House, Maid/In-Law Quarters, Media Room

Exterior Features

  • Roof: Barrel Roof
  • View: Intracoastal View
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: 1 To Less Than 2 Acre Lot
  • Other Structures: Guest House
  • Patio And Porch Features: Patio, Wrap Around
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Intracoastal Front, Navigable Water, Point Lot
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MERRITT ISLE
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Covered

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Bar, Security Patrol, Voluntary Hoa

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 504201360013
  • Lot Size Sq Ft: 49581
  • Zoning: res
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 224374

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $19,500,000 -22.0% $2,398 / Sq Ft
10/28/2024 10/28/24 Pending -- -- --
10/04/2023 10/04/23 For Sale $25,000,000 +92.3% $3,074 / Sq Ft
03/29/2022 03/29/22 Sold $13,000,000 -18.7% $1,599 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/07/2022 03/07/22 Price Changed $15,995,000 +23.0% $1,967 / Sq Ft
11/19/2021 11/19/21 For Sale -- -- --
11/11/2021 11/11/21 Off Market $13,000,000 -- --
04/01/2021 04/01/21 For Sale $19,995,000 +63.9% $2,459 / Sq Ft
01/31/2020 01/31/20 Sold $12,200,000 -12.8% $1,305 / Sq Ft
01/01/2020 01/01/20 Pending -- -- --
09/10/2019 09/10/19 For Sale $13,995,000 -- $1,497 / 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 $227,586 $12,237,930 $4,958,100 $7,279,830
2024 $242,132 $12,237,930 $4,958,100 $7,279,830
2023 $242,132 $12,834,550 $4,958,100 $7,876,450
2022 $233,722 $12,078,000 $0 $0
2021 $204,224 $10,980,000 $4,958,100 $6,021,900
2020 $133,586 $7,209,640 $4,958,100 $2,251,540
2019 $133,674 $7,175,980 $4,958,100 $2,217,880
2018 $128,979 $7,090,430 $4,958,100 $2,132,330
2017 $123,743 $6,683,870 $0 $0
2016 $125,678 $6,582,920 $0 $0
2015 $122,651 $6,243,020 $0 $0
2014 $124,941 $6,243,020 $0 $0
2013 -- $6,060,100 $4,214,390 $1,845,710
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,800,000 New Conventional
Closed $10,800,000 New Conventional
Previous Owner $10,095,000 New Conventional
Previous Owner $3,500,000 Seller Take Back
Previous Owner $4,000,000 Unknown
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $19,000,000 None Listed On Document
Warranty Deed $19,000,000 None Listed On Document
Warranty Deed $13,000,000 Lexant Title
Warranty Deed $12,200,000 Attorney
Warranty Deed $7,500,000 --
Warranty Deed $9,250,000 --
Quit Claim Deed $10,000 --
Warranty Deed $5,350,000 --
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11702343

MIAMI REALTORS® MLS

APN: 50-42-01-36-0013