by RH Advisors

Check Availability
$8,250,000
↓ $400K (4.6%)
House - For Sale

1565 Cleveland Rd

Miami Beach, FL 33141
bedrooms
5 Beds
bathrooms
12 Baths, 5 Half Baths
square feet
4812 Sqft
$45,636
Estimated Monthly
$0
HOA / Fees
1.51%
Cap Rate

About This Property

Approved plans from SDH Studio are in place to build a stunning two-story estate, offering breathtaking views of the open bay and captivating Miami sunsets. Boasting nearly 6,000 square feet of luxury and top-notch amenities, this residence comprises 5 large bedrooms, 7.5 bathrooms, an outdoor gazebo with a summer kitchen, a covered terrace, an elevator, gym, office, movie theater, storage room, and two laundry rooms. Indulge in the vast yet comfortable space, where nature, luxury, and amenities seamlessly blend in harmony. This home will provide the fortunate owner with an oasis of sophistication and elegance. Choose Biscayne Point as your neighborhood, a gated island in close proximity to beaches, restaurants, South Beach, Bal Harbour, and the exclusive Indian Creek Golf Course.
Unit Size
4,812Ft²
Days on Market
163 days
Land Size
0.26 acres
Price per sqft
$1,714
Property Type
House
Property Taxes
$5,127
HOA Dues
-
Year Built
1955
Last updated: 2 months ago (Miami MLS #A11487133)

Price History

Date / Event Date Event Price
Mar 2, 2024 Price Decreased $8,250,000
↓ $400K (4.6%)
Price Decreased
Nov 15, 2023 Listed by Douglas Elliman $8,650,000
Listed by Douglas Elliman
Mar 29, 2021 Sold to Loren Baum $2,950,000
Sold to Loren Baum
Mar 14, 2019 No longer available -
No longer available
Feb 23, 2019 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
With View
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway
Garage Spaces: 4
Covered Parking Spaces: 4
Interior Details

Bathroom Information

Half Bathrooms: 5
Full Bathrooms: 7

Bedroom Information

Bedrooms: 5
Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs

Interior Information

Interior Features: First Floor Entry, Den/Library/Office, Family Room, Media Room, Utility Room/Laundry
Appliances: Dishwasher, Washer
Flooring Type: Slate
Door Features: High Impact Doors
Laundry Features: Utility Room/Laundry

Room Information

Living Room Features: Den/Library/Office, Family Room, Media Room, Utility Room/Laundry

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 217
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 4,812
  • Gross Building Area: 4,812
  • Building Area: 4,812
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,812
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: BISCAYNE POINT
  • Land Acres: 0.258
  • Legal Description 1: BISCAYNE POINT PB 14-35 LOT 2 BLK 10 LOT SIZE 75.000 X 150 OR 21248-1918 05 2003 1

Ownership

  • Current Owner : BAUM LOREN
  • Current Owner 2: THE 1565 A FLORIDA LAND TRUST
  • Previous Owner : RLR SECURED LLC
  • Owner Before Previous Owner: M N M HOLDING GROUP LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 003912

Zoning

  • Zoning: 0800

Geography

  • Assessors Map Reference: 165
  • District: 02
  • Parcel: 02-3203-001-2160
  • Block: 10
  • Lot: 2
  • Meridian: SEC 03 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.8649
  • Longitude: -80.1359

    Address

  • Full Address: 1565 Cleveland Rd
  • Address - House Number: 1565
  • Address - Street Name: Cleveland
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 1716
  • Zip Code: 33141

Valuation

    Tax

  • Total Area: 4,044
  • Tax Year: 2023
  • Tax Amount: $61,525
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 5,222,438
  • High Value: 6,166,226
  • Low Value: 4,278,649

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $212,500
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Mar 29, 2021
  • First Open Lien Mortgage Loan Amount: $212,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $3,865,292
  • Market Land Value: $3,150,388
  • Market Improvement Value: $714,904

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,835,659

    Sales

  • Current Sale Contract Date: Mar 19, 2021
  • Current Sale Recording Date: Mar 29, 2021
  • Current Sale Transaction ID: 11830427889
  • Current Sale Price: $2,950,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2021R0216532
  • Previous Sale Recording Date: Dec 10, 2020
  • Previous Sale Contract Date: Nov 19, 2020
  • Previous Sale Amount: $1,452,800
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Mar 29, 2021
  • First Mortgage Loan Amount: $212,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Apr 01, 2051

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
5 Beds
6 Baths
5,106 ft²
$1,351/ft²
$6,900,000 Aug 31, 2023
$6,900,000 Sep 29, 2023
$6,158/mo
Condo
1 Bed
3 Baths
1,823 ft²
$4,114/ft²
$7,500,000 Aug 31, 2023
$7,500,000 Oct 31, 2023
$12,262/mo
House
5 Beds
6 Baths
5,239 ft²
$1,508/ft²
$7,900,000 Jul 14, 2023
-
$9,583/mo
House
5 Beds
4 Baths
3,291 ft²
$2,407/ft²
$7,920,000 Oct 16, 2023
-
$3,517/mo
House
5 Beds
5 Baths
5,627 ft²
$1,280/ft²
$7,200,000 Apr 1, 2023
-
$4,829/mo
House
6 Beds
5 Baths
5,052 ft²
$1,970/ft²
$9,950,000 Oct 16, 2023
-
$2,093/mo
House
4 Beds
4 Baths
3,625 ft²
$2,552/ft²
$9,250,000 Sep 8, 2023
-
$3,463/mo
Land
Loft
-
-
$7,490,000 Jun 2, 2023
-
$2,941/mo

About Biscayne Point


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Frequently Asked Questions

When was property at 1565 Cleveland Road built and last sold?
The property at 1565 Cleveland Road was built in 1955 and last sold on Mar 19, 2021 for $2,950,000.
How much is this home worth?
The estimated value of the home located at 1565 Cleveland Road is $8,332,500.
What are some comparable homes to 1565 Cleveland Road?
Homes that are comparable to 1565 Cleveland Road include a house property at 672 South Shore Drive, 1028 88th Street, 900 South Shore Drive.

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