$10,500,000
$3M PRICE DROP

Estimated payment $65,635/month

Total Views 17,571
4 Beds
4.5 Baths
2,340 Sq Ft
$4,487 Price per Sq Ft

Highlights

  • Private Dock
  • Property Fronts a Bay or Harbor
  • Gated Community
  • South Pointe Elementary School Rated A-
  • In Ground Pool
  • 4-minute walk to Watson Island Park

About This Home

Experience the chance to build your dream home or update the current 2-story waterfront residence on Palm Island’s sought-after western tip, showcasing panoramic views of the Miami skyline and Biscayne Bay. The home features travertine and original wood floors, a spacious family room, and an open living area with direct access to the pool deck. The open kitchen offers a center island and an adjacent dining area. The 2nd-floor primary suite includes custom closets and a lounge area overlooking the city and bay. Outdoors, enjoy a heated pool, seating areas, and covered porch. Boaters will appreciate 78’ of waterfront, private dock, and easy ocean access.

Listing Agent

Greg Mirmelli

Sterling Equity Realty LLC License #3350322

Co-Listing Agent

Daniel Bortunk

Sterling Equity Realty LLC License #3267411

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $85,698

Year Built

  • Built in 1940

Lot Details

  • 8,736 Sq Ft Lot
  • 78 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Property is zoned 0100

Parking

  • 2 Carport Spaces

Interior Spaces

  • 2,340 Sq Ft Home
  • 2-Story Property
  • Bay Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Outdoor Features

  • In Ground Pool
  • Private Dock

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 02-42-05-002-0570

Community Details

Overview

  • Property has a Home Owners Association
  • Riviera 1St & 2Nd Addn Am Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$85,698

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1940
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Co List Office Mls Id: EQUT01
  • Co List Office Phone: 305-804-4848
  • Road Frontage Type: Bay
  • Garage Yn: No
  • Horses: No
  • Inclusions: Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: RIVIERA 1ST & 2ND ADDN AM
  • Year Built Details: Unknown
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: Other
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Other
  • Living Area: 2340
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Living Room Features: Other

Exterior Features

  • Roof: Other
  • View: Bay
  • Exterior Features: Other
  • Construction Type: Other
  • Direction Faces: East
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Pool/No Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: RIVIERA 1ST & 2ND ADDN AM
  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: Covered

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Gated Community

Association/Amenities

  • MIAMIRE_TypeofAssociation: Voluntary

Lot Info

  • Parcel Number: 02-42-05-002-0570
  • Lot Size Sq Ft: 8736
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 85698

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

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 $85,698 $4,554,116 -- --
2023 $85,698 $4,421,472 $0 $0
2022 $82,806 $4,292,692 $4,062,240 $230,452
2021 $69,496 $3,475,482 $3,144,960 $330,522
2020 $66,205 $3,296,256 $3,144,960 $151,296
2019 $68,932 $3,433,731 $3,144,960 $288,771
2018 $66,918 $3,436,328 $3,144,960 $291,368
2017 $77,748 $3,945,615 $0 $0
2016 $27,560 $1,354,941 $0 $0
2015 $27,391 $1,345,523 $0 $0
2014 $27,929 $1,334,845 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Price Changed $10,500,000 0.0% $4,487 / Sq Ft
02/04/2025 02/04/25 Price Changed $49,000 0.0% $21 / Sq Ft
01/30/2025 01/30/25 Price Changed $11,770,000 +9.3% $5,030 / Sq Ft
01/24/2025 01/24/25 Price Changed $10,770,000 -12.9% $4,603 / Sq Ft
01/12/2025 01/12/25 Price Changed $12,360,000 0.0% $5,282 / Sq Ft
11/15/2024 11/15/24 Price Changed $65,000 +32.7% $28 / Sq Ft
10/15/2024 10/15/24 Price Changed $49,000 0.0% $21 / Sq Ft
10/06/2024 10/06/24 For Sale $13,770,000 0.0% $5,885 / Sq Ft
07/25/2024 07/25/24 Price Changed $44,900 +12.9% $19 / Sq Ft
06/25/2024 06/25/24 Price Changed $39,770 -16.6% $17 / Sq Ft
06/21/2024 06/21/24 Price Changed $47,700 -2.7% $20 / Sq Ft
05/06/2024 05/06/24 Price Changed $49,000 -16.9% $21 / Sq Ft
02/22/2024 02/22/24 Price Changed $59,000 -5.6% $25 / Sq Ft
08/16/2023 08/16/23 For Rent $62,500 0.0% --
01/15/2021 01/15/21 Sold $4,900,000 -5.8% $2,094 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
08/29/2020 08/29/20 For Sale $5,200,000 +33.3% $2,222 / Sq Ft
03/31/2019 03/31/19 Sold $3,900,000 -2.3% $1,618 / Sq Ft
01/13/2019 01/13/19 Price Changed $3,990,000 -4.9% $1,656 / Sq Ft
11/15/2018 11/15/18 For Sale $4,195,000 -- $1,741 / Sq Ft
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed $2,695,000 Mirmelli Law Firm Pa
Warranty Deed $4,900,000 Attorney
Special Warranty Deed $3,900,000 Attorney
Warranty Deed $2,468,800 Attorney
Quit Claim Deed -- None Available
Interfamily Deed Transfer $260,000 --
Warranty Deed $690,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,000,000 New Conventional
Previous Owner $1,800,000 New Conventional
Previous Owner $2,500,000 Future Advance Clause Open End Mortgage
Previous Owner $2,940,000 Commercial
Previous Owner $2,340,000 Construction
Previous Owner $2,695,000 Construction
Previous Owner $2,000,000 Future Advance Clause Open End Mortgage
Previous Owner $1,140,000 Unknown
Previous Owner $552,000 New Conventional
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11672207

MIAMI REALTORS® MLS

APN: 02-4205-002-0570