by RH Advisors

Check Availability
$20,950,000
House - For Sale

1230 S Venetian Way

Miami, FL 33139
bedrooms
Studio
bathrooms
0 Bath
$147,003
Estimated Monthly
$0
HOA / Fees
-2.39%
Cap Rate

About This Property

Build the estate of your dreams on this prestigious waterfront property and spanning approximately 27,000 square feet with 208 ft of waterfrontage. Spectacular approved plans for a stunning contemporary waterfront home. Located on the southwest tip of San Marco Island, this property offers captivating unobstructed open bay vistas that showcase the mesmerizing Miami skyline. A captivating row of palm trees adorn the water's edge, creating a picturesque frame for breathtaking sunsets. Situated at the heart of the coveted Venetian Islands, this exceptional location is in close proximity to Sunset Harbour, the Design District and world-class shopping, dining and beaches.
Unit Size
-
Days on Market
47 days
Land Size
0.62 acres
Price per sqft
-
Property Type
House
Property Taxes
$44,135
HOA Dues
-
Year Built
1980
Listed By
Last updated: 2 months ago (Miami MLS #A11550506)

Price History

Date / Event Date Event Price
Mar 15, 2024 Listed by The Corcoran Group $20,950,000
Listed by The Corcoran Group
Mar 12, 2024 No longer available -
No longer available
Oct 22, 2023 Price Decreased $20,950,000
↓ $1M (4.8%)
Price Decreased
Jun 9, 2023 Listed by Coldwell Banker Realty $21,995,000
Listed by Coldwell Banker Realty
Build the estate of your dreams on this prestigious waterfront property and spanning approximately 27,000 square feet with 208 ft of waterfrontage. Spectacular approved plans for a stunning contemporary waterfront home. Located on the southwest tip of San Marco Island, this property offers captivating unobstructed open bay vistas that showcase the mesmerizing Miami skyline. A captivating row of palm trees adorn the water's edge, creating a picturesque frame for breathtaking sunsets…
Apr 15, 2023 No longer available -
No longer available
Show More

Property Highlights

With View
Parking Details
Parking Features: Other
Interior Details

Bedroom Information

Bedroom Features: None, Other

Interior Information

Interior Features: Other
Appliances: Other Equipment/Appliances
Flooring Type: Other

Room Information

Living Room Features: Other

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 40,146
  • Total Building Area: 10,244
  • Gross Building Area: 10,244
  • Building Area: 10,244
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 10,244
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: SAN MARCO
  • Land Acres: 0.922
  • Legal Description 1: SAN MARCO PB 9-21 LOTS 10-11-12 BLK 4 LOT SIZE IRREGULAR OR 10413-1406 0579 1

Ownership

  • Current Owner : 1234 VENETIAN LLC
  • Previous Owner : M & A VENETIAN LLC
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: unknown
  • Vacant Flag Date: Apr 04, 2024

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002710

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 182
  • District: 01
  • Parcel: 01-3232-001-0400
  • Block: 4
  • Lot: 10-11
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.7898
  • Longitude: -80.1705

    Address

  • Full Address: 1230 S Venetian Way
  • Address - House Number: 1230
  • Street Direction: S
  • Address - Street Name: Venetian
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C041
  • 4-Digit Zip Code: 1173
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 10,244
  • Tax Year: 2023
  • Tax Amount: $529,619
  • Tax Rate Code Area: 100

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $10,000,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jul 01, 2021
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $10,000,000
  • First Open Lien Mortgage Term: 47
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2025

    Market Valuation

  • Market Total Value: $33,340,356
  • Market Land Value: $33,321,180
  • Market Improvement Value: $19,176

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,101,680

    Sales

  • Current Sale Contract Date: Jun 21, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Transaction ID: 11843454447
  • Current Sale Price: $3,550,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2021R0468707

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Jul 01, 2021
  • First Mortgage Loan Amount: $10,000,000
  • First Mortgage Terms: 47
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Jul 01, 2025

    Financing

  • First Mortgage Financing Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
6 Baths
5,209 ft²
$3,168/ft²
$16,500,000 Oct 2, 2023
$16,500,000 Jan 17, 2024
$14,060/mo
House
5 Beds
7 Baths
5,165 ft²
$4,356/ft²
$22,500,000 Oct 30, 2023
$22,500,000 Mar 1, 2024
$25,626/mo
House
6 Beds
6 Baths
6,685 ft²
$2,094/ft²
$14,000,000 Oct 9, 2023
$14,000,000 Jan 30, 2024
$15,499/mo
Condo
3 Beds
4 Baths
4,157 ft²
$4,631/ft²
$19,250,000 Sep 22, 2023
$19,250,000 Nov 29, 2023
$25,733/mo
House
4 Beds
6 Baths
3,756 ft²
$5,272/ft²
$19,800,000 Oct 9, 2023
-
$10,828/mo
House
5 Beds
6 Baths
7,283 ft²
$3,144/ft²
$22,900,000 Sep 11, 2023
-
$7,335/mo
House
3 Beds
4 Baths
4,434 ft²
$5,165/ft²
$22,900,000 Jan 12, 2024
-
$13,196/mo
House
6 Beds
8 Baths
6,613 ft²
$2,872/ft²
$18,990,000 Feb 14, 2024
-
$9,319/mo
Land
Loft
-
-
$20,950,000 Feb 6, 2024
-
$19,015/mo
Land
Loft
-
-
$19,800,000 Jan 5, 2024
-
$10,828/mo
House
6 Beds
7 Baths
6,145 ft²
$2,766/ft²
$17,000,000 Aug 16, 2023
-
$14,843/mo

About Venetian Islands


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Frequently Asked Questions

When was property at 1230 South Venetian Way built and last sold?
The property at 1230 South Venetian Way was built in 1980 and last sold on Jun 21, 2021 for $3,550,000.
How much is this home worth?
The estimated value of the home located at 1230 South Venetian Way is $21,159,500.
What are some comparable homes to 1230 South Venetian Way?
Homes that are comparable to 1230 South Venetian Way include a land property at 214 West San Marino Drive, a house property at 1369 North Venetian Way, 250 West San Marino Drive.

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