See Home Value
$5,663,007*
House - Off Market

1040 South Shore Drive

Miami Beach, FL 33141
bedrooms
6 Beds
bathrooms
5.5 Baths
square feet
6417 Sqft
$2,691,000 - $3,289,000
Reference Base Price*
89.40%
Since Aug 1, 2017
FL-Miami
Primary Model
Sold Jun 06, 2022
$4,200,000
$2,940,000 by Jpmorgan Chase Bank Na
Mortgage Due Sep 01, 2052
Sold Nov 15, 2017
$2,800,000
$2,100,000 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2047

About This Property

Live large in a beautifully renovated 5600+ sq ft waterfront house in Miami Beach at the best price. Situated in guard-gated Normandy Isle, the open-plan 6-bedroom home boasts chef's kitchen, 100-bottle wine cellar, state-of-art security system, 6 baths, media room, office, contemporary finishes and gracious entertaining areas around an expansive pool. Separate master suite features massive walk-in closets and overlooks a private dock that fits a 60-ft boat with no fixed bridges and access to open bay.

The manager has listed the unit size as 6417 square feet.
Unit Size
6,417Ft²
Days on Market
-
Land Size
-
Price per sqft
$466
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950

Price History

Date / Event Date Event Price
Jun 6, 2022 Sold to Kiet Law $4,200,000
Sold to Kiet Law
Nov 15, 2017 Sold to Donald Williams Barron $2,800,000
Sold to Donald Williams Barron
Jul 30, 2017 Listed $2,990,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Quality: E
  • Construction Type: Concrete block
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Rigid frame bar
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,200
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 600
  • Total Building Area: 6,417
  • Gross Building Area: 6,417
  • Building Area: 5,647
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,647
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORMANDY GOLF COURSE SUB
  • Land Acres: 0.234
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORMANDY GOLF COURSE SUB LOT 3 LESS W20FT & W20FT LOT 4 BLK 46 PB 44-62 LOT SIZE 60 X 170 OR 19582-2011 03 2001 1

Ownership

  • Current Owner : LAW KIET
  • Previous Owner : WILLIAMS BARRON DONALD
  • Owner Before Previous Owner: NOVA II LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 003916

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 165
  • District: 02
  • Parcel: 02-3203-007-0030
  • Block: 46
  • Lot: 3,4
  • Meridian: SEC 03 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.854
  • Longitude: -80.145

    Address

  • Full Address: 1040 S Shore Dr
  • Address - House Number: 1040
  • Street Direction: S
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C018
  • 4-Digit Zip Code: 2414
  • Zip Code: 33141

Valuation

    Tax

  • Total Area: 5,834
  • Tax Year: 2023
  • Tax Amount: $70,692
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 201

    Appraisal Valuation

  • Standard Deviation: 0.1776
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 5,033,929
  • High Value: 5,928,211
  • Low Value: 4,139,647

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,988,150
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Aug 11, 2022
  • First Open Lien Mortgage Loan Amount: $2,940,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2052
  • Second Open Lien Mortgage Lender: PAY AT CLOSE LOANS INC.
  • Second Open Lien Mortgage Recording Date: Jul 13, 2023
  • Second Open Lien Mortgage Loan Amount: $48,150
  • Second Open Lien Mortgage Term: 24
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jun 29, 2025

    Market Valuation

  • Market Total Value: $3,580,537
  • Market Land Value: $1,785,300
  • Market Improvement Value: $1,795,237

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,580,537
  • Assessed Land Value: $1,785,300
  • Assessed Improvements Value: $1,795,237

    Sales

  • Current Sale Contract Date: May 31, 2022
  • Current Sale Recording Date: Jun 06, 2022
  • Current Sale Transaction ID: 11890050635
  • Current Sale Price: $4,200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 452814
  • Previous Sale Recording Date: Nov 15, 2017
  • Previous Sale Contract Date: Nov 06, 2017
  • Previous Sale Amount: $2,800,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Nov 15, 2017
  • Previous Mortgage Loan Amount: $2,100,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2047



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
7 Beds
4 Baths
3,203 ft²
$944/ft²
$3,025,000 May 14, 2023
$3,025,000 Dec 22, 2023
$535/mo
House
5 Beds
4 Baths
2,694 ft²
$1,037/ft²
$2,795,000 Nov 10, 2023
$2,795,000 Dec 4, 2023
$1,117/mo
House
5 Beds
5 Baths
2,673 ft²
$1,122/ft²
$3,000,000 Jul 7, 2023
$3,000,000 Dec 22, 2023
$348/mo
Other
Loft
-
3,779 ft²
$635/ft²
$2,400,000 Apr 17, 2023
$2,400,000 Oct 6, 2023
$1,471/mo
Townhouse
3 Beds
4 Baths
3,647 ft²
$865/ft²
$3,154,000 Apr 21, 2023
$3,154,000 Nov 2, 2023
$4,244/mo
House
4 Beds
4 Baths
3,235 ft²
$773/ft²
$2,500,000 Oct 6, 2023
$2,500,000 Dec 4, 2023
$2,548/mo
Other
Loft
-
5,764 ft²
$460/ft²
$2,650,000 Dec 28, 2022
-
$2,457/mo
House
4 Beds
3 Baths
2,970 ft²
$872/ft²
$2,590,000 Jul 20, 2023
-
$682/mo
Townhouse
4 Beds
3 Baths
2,770 ft²
$866/ft²
$2,400,000 Apr 27, 2023
-
$83/mo
House
3 Beds
2 Baths
2,284 ft²
$1,440/ft²
$3,290,000 Dec 6, 2023
-
$860/mo
Condo
2 Beds
2 Baths
2,062 ft²
$1,370/ft²
$2,825,000 Sep 25, 2023
-
-
House
4 Beds
3 Baths
2,256 ft²
$1,108/ft²
$2,500,000 May 12, 2023
-
$364/mo

About Normandy Shores


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Frequently Asked Questions

When was property at 1040 South Shore Drive built and last sold?
The property at 1040 South Shore Drive was built in 1950 and last sold on May 31, 2022 for $4,200,000.
How much is this home worth?
The estimated value of the home located at 1040 South Shore Drive is $3,007,390.
What are some comparable homes to 1040 South Shore Drive?
There are currently no comparable homes to 1040 South Shore Drive.

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