by RH Advisors

Check Availability
$18,000,000
House - For Sale

11 E Rivo Alto Dr

Miami Beach, FL 33139
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
5050 Sqft
$108,533
Estimated Monthly
$0
HOA / Fees
-0.28%
Cap Rate

About This Property

EXCLUSIVE WATERFRONT OPPORTUNITY TO BUILD YOUR VERY OWN TROPICAL OASIS WITH UNPARALLELED SUNSET VIEWS ON THE COVETED VENETIAN ISLANDS. This prime location offers an oversized lot of 12,900 sf surrounded by lush landscaping and 105ft of waterfrontage. Perfect for enjoying boat rides through Miami's waterways and trending hotspots. City of Miami Beach will allow you to build near 6,700 sq feet custom luxury home. Don't miss the opportunity to build or renovate your new tropical haven. Just minutes from the finest nightlife, dining, and prestigious shopping throughout Miami.
Unit Size
5,050Ft²
Days on Market
116 days
Land Size
0.30 acres
Price per sqft
$3,564
Property Type
House
Property Taxes
$20,150
HOA Dues
-
Year Built
1935
Listed By
Last updated: 4 months ago (Miami MLS #A11509159)

Price History

Date / Event Date Event Price
Jan 12, 2024 Listed by The Corcoran Group $18,000,000
Listed by The Corcoran Group
EXCLUSIVE WATERFRONT OPPORTUNITY TO BUILD YOUR VERY OWN TROPICAL OASIS WITH UNPARALLELED SUNSET VIEWS ON THE COVETED VENETIAN ISLANDS. This prime location offers an oversized lot of 12,900 sf surrounded by lush landscaping and 105ft of waterfrontage. Perfect for enjoying boat rides through Miami's waterways and trending hotspots. City of Miami Beach will allow you to build near 6,700 sq feet custom luxury home. Don't miss the opportunity to build or renovate your new tropical haven. Just…

Property Highlights

Air Conditioning
With View
Parking Details
Has Garage
Has Open Parking
Parking Features: Circular Driveway
Garage Spaces: 2
Covered Parking Spaces: 2
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 5

Bedroom Information

Bedrooms: 5
Bedroom Features: Entry Level

Interior Information

Interior Features: First Floor Entry, No Additional Rooms
Appliances: Dishwasher, Dryer, Microwave
Flooring Type: Marble, Wood

Room Information

Living Room Features: No Additional Rooms

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 160
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 12,900
  • Total Building Area: 6,236
  • Gross Building Area: 6,236
  • Building Area: 5,050
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,050
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVO ALTO AMD
  • Land Acres: 0.296
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 33 53 42 RIVO ALTO AMD PB 7-74 LOT 1 & 8FT STRIP ADJ ON BAY BLK 4 AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE 12900 SQ FT OR 17891-3570 1297 1

Ownership

  • Current Owner : WU FANG
  • Previous Owner : KATZEN BRUCE A
  • Previous Owner 2: KATZEN DIANE W
  • Owner Before Previous Owner: HIRT FRED
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004102

Zoning

  • Zoning: 0800

Geography

  • Assessors Map Reference: 183
  • District: 02
  • Parcel: 02-3233-001-0540
  • Block: 4
  • Lot: 1
  • Meridian: SEC 33 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.788
  • Longitude: -80.1547

    Address

  • Full Address: 11 E Rivo Alto Dr
  • Address - House Number: 11
  • Street Direction: E
  • Address - Street Name: Rivo Alto
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 1243
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 5,152
  • Tax Year: 2023
  • Tax Amount: $241,797
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 49,392
  • High Value: 54,032
  • Low Value: 44,753

    Market Valuation

  • Market Total Value: $14,060,357
  • Market Land Value: $10,836,000
  • Market Improvement Value: $3,224,357

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,101,193

    Sales

  • Current Sale Contract Date: May 05, 2021
  • Current Sale Recording Date: May 21, 2021
  • Current Sale Transaction ID: 11838006528
  • Current Sale Price: $13,550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0361360
  • Previous Sale Recording Date: Dec 03, 1997
  • Previous Sale Amount: $530,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK FEDERAL SAVINGS BANK
  • Previous Mortgage Transaction Date: Dec 03, 1997
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $424,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
8 Baths
7,924 ft²
$1,641/ft²
$13,000,000 Jan 24, 2022
$13,000,000 Sep 29, 2023
$11,523/mo
House
5 Beds
5 Baths
5,562 ft²
$3,767/ft²
$20,950,000 Nov 4, 2023
-
$6,511/mo
House
5 Beds
4 Baths
3,488 ft²
$4,731/ft²
$16,500,000 Nov 29, 2023
-
-
House
6 Beds
6 Baths
4,784 ft²
$3,803/ft²
$18,195,000 Oct 21, 2023
-
$1,874/mo
House
6 Beds
7 Baths
5,292 ft²
$3,496/ft²
$18,500,000 Sep 25, 2023
-
$18,728/mo
House
4 Beds
5 Baths
5,501 ft²
$3,908/ft²
$21,500,000 Sep 26, 2023
-
$19,440/mo
House
4 Beds
6 Baths
3,756 ft²
$5,272/ft²
$19,800,000 Oct 9, 2023
-
$10,828/mo
House
4 Beds
5 Baths
3,089 ft²
$4,824/ft²
$14,900,000 Jun 22, 2023
-
$8,189/mo
House
5 Beds
6 Baths
-
$15,900,000 Sep 21, 2023
-
$1,521/mo
House
3 Beds
4 Baths
3,646 ft²
$4,498/ft²
$16,399,000 Nov 3, 2023
-
$2,451/mo

About Venetian Islands


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Frequently Asked Questions

When was property at 11 East Rivo Alto Drive built and last sold?
The property at 11 East Rivo Alto Drive was built in 1935 and last sold on May 5, 2021 for $13,550,000.
How much is this home worth?
The estimated value of the home located at 11 East Rivo Alto Drive is $18,180,000.
What are some comparable homes to 11 East Rivo Alto Drive?
Homes that are comparable to 11 East Rivo Alto Drive include a house property at 240 West Rivo Alto Drive, 205 North Hibiscus Drive, 409 East San Marino Drive.

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