Seller's Agent in 2023
Jessica Adams
Douglas Elliman
(305) 877-0212
33 in this area
105 Total Sales
Park Grove 2821 S Bayshore Dr Unit UPH-A Miami, FL 33133
Northeast Coconut Grove NeighborhoodEstimated Value: $4,335,000 - $18,112,679
5
Beds
8
Baths
6,927
Sq Ft
$10,747/mo
HOA Fee
Highlights
- Valet Parking
- Ocean View
- Property Fronts a Bay or Harbor
- Coconut Grove Elementary School Rated A
- Community Cabanas
- 3-minute walk to Regatta Park
About This Home
As of July 2023Located in Park Grove Condominiums, this rare Upper Penthouse sets a new bar for luxury hi-rise living in Miami. Featuring soaring 12’ ceilings, natural light throughout and deep, shade covered patios, this penthouse offers 270 degrees of panorama views of Biscayne Bay and Coconut Grove. The kitchen features custom Italcraft cabinetry with bespoke finishes and a large family room. The main living room is designed for entertaining guests inside and out. The master suite has two walk-in closets, exercise room, oversized tub, steam sauna, his/her vanities and private home office. The defining feature of this penthouse is the private, 4,000+ sf rooftop level complete with pool, heated spa, summer kitchen, cabana and bath. Add’l amenities include laundry, storage and 2 parking spaces.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $134,225
Year Built
- Built in 2018
Lot Details
- Property Fronts a Bay or Harbor
- East Facing Home
HOA Fees
- $10,747 Monthly HOA Fees
Parking
- 2 Car Garage
- Assigned Parking
Property Views
Home Design
- Penthouse
- Elevated Home
Interior Spaces
- 6,927 Sq Ft Home
- Built-In Features
- Entrance Foyer
- Great Room
- Open Floorplan
- Den
- Recreation Room
- Marble Flooring
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Electric Range
- Ice Maker
- Dishwasher
- Cooking Island
- Snack Bar or Counter
Bedrooms and Bathrooms
- 5 Bedrooms
- Closet Cabinetry
- Walk-In Closet
- Maid or Guest Quarters
- Bidet
- Dual Sinks
- Bathtub
- Shower Only in Primary Bathroom
Laundry
- Laundry in Utility Room
- Dryer
Home Security
Accessible Home Design
- Handicap Accessible
Outdoor Features
- Courtyard
- Deck
Schools
- Coconut Grove Elementary School
- Ponce De Leon Middle School
- Coral Gables High School
Utilities
- Cooling Available
- Heating Available
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 01-41-21-401-0190
Community Details
Overview
- High-Rise Condominium
- Park Grove Condos
- Two Park Grove Condo Subdivision
- 23-Story Property
Amenities
- Valet Parking
- Community Barbecue Grill
- Billiard Room
- Business Center
- Community Center
- Party Room
- Community Library
- Bike Room
- Community Storage Space
- Elevator
Recreation
- Community Spa
Pet Policy
- Breed Restrictions
Security
- Security Service
- Card or Code Access
- Secure Elevator
- High Impact Door
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2022
Closed on
Jul 11, 2023
Sold by
Hughes Daniel J and Hughes Beth Ann
Bought by
Penchant 2821 Ph Land Trust and Silverman
Seller's Agent
Jessica Adams
Douglas Elliman
Buyer's Agent
Wesley Ulloa
Luxe Properties
List Price
$18,000,000
Sold Price
$17,500,000
Premium/Discount to List
-$500,000
-2.78%
Total Days on Market
378
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,276,160
Avg. Annual Appreciation
-36.50%
Original Mortgage
$13,125,000
Outstanding Balance
$12,834,269
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
-$4,928,500
Purchase Details
Closed on
May 18, 2021
Sold by
2701 Bayshore Ventures Llc
Bought by
Hughes Daniel J and Hughes Beth Ann
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Penchant 2821 Ph Land Trust | $17,500,000 | None Listed On Document | |
| Hughes Daniel J | $10,000,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Penchant 2821 Ph Land Trust | $13,125,000 | |
| Previous Owner | Hughes Daniel J | $5,500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/13/2023 07/13/23 | Sold | $17,500,000 | -2.8% | $2,526 / Sq Ft |
| 05/23/2023 05/23/23 | Pending | -- | -- | -- |
| 11/10/2022 11/10/22 | For Sale | $18,000,000 | +2.9% | $2,599 / Sq Ft |
| 10/14/2022 10/14/22 | Off Market | $17,500,000 | -- | -- |
| 10/14/2022 10/14/22 | For Sale | $18,000,000 | +2.9% | $2,599 / Sq Ft |
| 09/27/2022 09/27/22 | Off Market | $17,500,000 | -- | -- |
| 05/10/2022 05/10/22 | For Sale | $18,000,000 | -- | $2,599 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $170,080 | $14,519,115 | -- | -- |
| 2023 | $170,080 | $8,315,665 | $0 | $0 |
| 2022 | $165,570 | $8,073,462 | $0 | $0 |
| 2021 | $128,856 | $6,317,500 | $0 | $0 |
| 2020 | $134,551 | $6,317,500 | $0 | $0 |
| 2019 | $141,954 | $6,650,000 | $0 | $0 |
| 2018 | $9,403 | $792,617 | $0 | $0 |
| 2017 | $9,235 | $260,128 | $0 | $0 |
| 2016 | $9,233 | $236,480 | $0 | $0 |
| 2015 | $4,780 | $214,982 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Adams
-
Wesley Ulloa
Buyer's Agent in 2023
Wesley Ulloa
Luxe Properties
(305) 423-9294
6 in this area
519 Total Sales
-
Angelina Escorcia
Buyer Co-Listing Agent in 2023
Angelina Escorcia
Luxe Properties
(786) 342-4747
1 in this area
67 Total Sales
About Park Grove
Map
Similar Homes in the area
Source: MIAMI REALTORS® MLS
MLS Number: A11197709
APN: 01-4121-401-0190
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