by RH Advisors

Check Availability
$28,500,000
Land - For Sale

148 Bal Bay Dr

Bal Harbour, FL 33154
bedrooms
Studio
bathrooms
0 Bath
$154,542
Estimated Monthly
$0
HOA / Fees
-0.56%
Cap Rate

About This Property

Exceptional waterfront lot located in the guard-gated Village of Bal Harbour, one of Miami's most exclusive and
secure communities. The expansive 28,000SF parcel includes approved plans for a 13,000SF residence by
renowned design firm Elicyon. With 150-feet of water frontage on Biscayne Bay, a piece of land of this magnitude
is a rarity in the area. The property is situated near an inlet providing direct access to the Atlantic Ocean and
showcases breathtaking water and sunset views. The enclave is one of only three islands that offer private 24/7
gated security with a police patrol. Optimal walkability within walking distance to the beach, world-class shopping,
dining, five-star hotels, plus brand new private park for residents of Bal Harbour.
Unit Size
-
Days on Market
5 days
Land Size
0.63 acres
Price per sqft
-
Property Type
Land
Property Taxes
$14,602
HOA Dues
-
Year Built
1958
Last updated: 5 days ago (Miami MLS #A11579862)

Price History

Date / Event Date Event Price
May 3, 2024 Listed by Douglas Elliman $28,500,000
Listed by Douglas Elliman
Exceptional waterfront lot located in the guard-gated Village of Bal Harbour, one of Miami's most exclusive and secure communities. The expansive 28,000SF parcel includes approved plans for a 13,000SF residence by renowned design firm Elicyon. With 150-feet of water frontage on Biscayne Bay, a piece of land of this magnitude is a rarity in the area. The property is situated near an inlet providing direct access to the Atlantic Ocean and showcases breathtaking water and sunset views. The…
May 2, 2024 No longer available -
No longer available
Jan 9, 2024 Listed by Douglas Elliman $30,500,000
Listed by Douglas Elliman
Exceptional waterfront lot located in the guard-gated Village of Bal Harbour, one of Miami's most exclusive and secure communities. The expansive 28,000SF parcel includes approved plans for a 13,000SF residence by renowned design firm Elicyon. With 150-feet of water frontage on Biscayne Bay, a piece of land of this magnitude is a rarity in the area. The property is situated near an inlet providing direct access to the Atlantic Ocean and showcases breathtaking water and sunset views. The…
Jun 3, 2022 No longer available -
No longer available
Feb 2, 2022 Relisted $30,000,000
Relisted
Show More

Property Highlights

Garage
Exterior Details

Property Information

Waterfront Features: Intracoastal Front

Building Information

Building Name: BAL HARBOUR RESIDENTIAL S
Other Structures: None
Building Area Units: Square Feet

Lot Information

Lot Features: 1/2 To Less Than 3/4 Acre Lot, Other
Lot Size Units: Square Feet
Lot Size Acres: 0.63
Lot Size Square Feet: 27796
Financial Details
Tax Legal Description: 26 27 52 42 PB 44-98 BAL HARBOUR RESIDENTIAL SEC BLK 1 NLY1/2 LOT 18 & LOT 19 BLK 1 AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PU
Tax Annual Amount: $175,225
Tax Year: 2023
Parcel Number: 12-22-26-002-0180
Property is Zoned: 1100

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 27,796
  • Lot Size Depth Feet: 1,910
  • Lot Size Frontage Feet: 1,455
  • Total Building Area: 6,876
  • Gross Building Area: 6,876
  • Building Area: 4,150
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,150
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: BAL HARBOUR RESIDENTIAL
  • Land Acres: 0.638
  • Standard Land Use Code: Residential-vacant land
  • Legal Description 1: 26 27 52 42 PB 44-98 BAL HARBOUR RESIDENTIAL SEC BLK 1 NLY1/2 LOT 18 & LOT 19 BLK 1 AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE 145.530 X 191 OR 18421-3609 1298 4

Ownership

  • Current Owner : PHILIPSON BEN
  • Current Owner 2: PHILIPSON DEBORAH
  • Previous Owner : MIROSHKIN ROBERT
  • Previous Owner 2: MIROSHKIN EKATERINA
  • Owner Before Previous Owner: IRSAY JAMES S
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Apr 04, 2024

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: BAL HARBOUR
  • Census Tract: 003803

Zoning

  • Zoning: 1100

Geography

  • Assessors Map Reference: 91
  • District: 12
  • Parcel: 12-2226-002-0180
  • Block: 1
  • Lot: 18,19
  • Meridian: SEC 26 TWN 52S RNG 42E
  • Municipality: BAL HARBOUR
  • Latitude: 25.8923
  • Longitude: -80.1287

    Address

  • Full Address: 148 Bal Bay Dr
  • Address - House Number: 148
  • Address - Street Name: Bal Bay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Bal Harbour
  • Carrier Code: C001
  • 4-Digit Zip Code: 1311
  • Zip Code: 33154

Valuation

    Tax

  • Total Area: 5,616
  • Tax Year: 2023
  • Tax Amount: $175,225
  • Tax Rate Code Area: 1200

    Appraisal Valuation

  • Standard Deviation: 0.2369
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 66
  • Final Value: 7,694,902
  • High Value: 9,518,151
  • Low Value: 5,871,652

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $9,167,050
  • First Open Lien Mortgage Lender: VALLEY NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Apr 15, 2021
  • First Open Lien Mortgage Loan Amount: $4,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Lender: VALLEY NATIONAL BANK
  • Second Open Lien Mortgage Recording Date: Jun 13, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $5,167,050
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $11,128,138
  • Market Land Value: $11,118,463
  • Market Improvement Value: $9,675

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,184,407

    Sales

  • Current Sale Contract Date: Aug 05, 2020
  • Current Sale Recording Date: Aug 10, 2020
  • Current Sale Transaction ID: 11781669986
  • Current Sale Price: $9,300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R0437375
  • Previous Sale Recording Date: Jan 06, 2010
  • Previous Sale Contract Date: Dec 30, 2009
  • Previous Sale Amount: $3,175,000
  • Previous Sale Document Type: Deed

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
5 Beds
6 Baths
5,914 ft²
$4,058/ft²
$24,000,000 May 1, 2023
$24,000,000 Feb 15, 2024
$208,708/mo
House
8 Beds
10 Baths
8,216 ft²
$2,672/ft²
$21,950,000 Apr 19, 2024
$21,950,000 Apr 19, 2024
$7,012/mo
Other
Loft
-
-
$29,000,000 Feb 17, 2023
-
$7,491/mo
House
6 Beds
8 Baths
8,514 ft²
$3,506/ft²
$29,850,000 Jan 30, 2024
-
$10,932/mo
House
3 Beds
5 Baths
2,970 ft²
$8,384/ft²
$24,900,000 Jun 20, 2023
-
$13,642/mo
Condo
4 Beds
7 Baths
7,534 ft²
$3,119/ft²
$23,500,000 Mar 13, 2024
-
$35,536/mo

About Bal Harbour


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Nearby Rentals

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Frequently Asked Questions

When was property at 148 Bal Bay Drive built and last sold?
The property at 148 Bal Bay Drive was built in 1958 and last sold on Aug 5, 2020 for $9,300,000.
How much is this home worth?
The estimated value of the home located at 148 Bal Bay Drive is $28,785,000.
What are some comparable homes to 148 Bal Bay Drive?
Homes that are comparable to 148 Bal Bay Drive include a other property at 44 Bal Bay Drive, a house property at 230 Bal Bay Drive, 216 Bal Bay Drive.

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