by RH Advisors

See Home Value
$2,700,000
House - Off Market

4247 N Bay Rd

Miami Beach, FL 33140
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
2862 Sqft
$3,075,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
FL-Miami
Primary Model

About This Property

This Gorgeous 3,358 sq feet, located on the exclusive North Bay Rd, Fully Remodeled features 4-Bedrooms 4.5 bathrooms, each room with its walking closet, Elegant and sophisticated high-end finishes. Stunning Italian custom made Kitchen by Italkraft with cooking island in Arabescato Marble and Thermador appliances. Floors are wood imported from Portugal, and Italian Marble travertine thought the house. The house has a Cabana room with beverage center, a Rooftop terrace overlooking the heart of Miami Beach. Lighting is recessed with dimmers, closets have LED lighting and vanities are imported. Every-room in this beauty is oversized. Located close to the Beach,La Gorce Country Club, Restaurants, Soho House,Shopping and much more.

Ready to move easy to Show!
Unit Size
2,862Ft²
Days on Market
49 days
Land Size
0.11 acres
Price per sqft
$1,074
Property Type
House
Property Taxes
$801
HOA Dues
-
Year Built
1925
Last updated: 2 months ago (Miami MLS #A11452742)

Price History

Date / Event Date Event Price
Nov 27, 2023 Sold to Anthony Pennacchio $2,700,000
Sold to Anthony Pennacchio
Oct 18, 2023 In contract -
In contract
Sep 28, 2023 Listed by Florida Capital Realty $3,075,000
Listed by Florida Capital Realty
Sep 2, 2022 No longer available -
No longer available
Jul 29, 2022 Price Decreased $2,950,000
↓ $350K (10.6%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 176
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,636
  • Lot Size Depth Feet: 760
  • Lot Size Frontage Feet: 610
  • Total Building Area: 3,214
  • Gross Building Area: 3,214
  • Building Area: 2,862
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,862
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NAUTILUS SUB
  • Land Acres: 0.106
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NAUTILUS SUB PB 8-95 LOT 3 BLK 7 LOT SIZE 61.000 X 76 OR 13292-2718 0587 1

Ownership

  • Current Owner : PENNACCHIO ANTHONY
  • Previous Owner : LIMA INVESTMENTS LLC
  • Owner Before Previous Owner: KERR MARK A
  • Owner Before Previous Owner 2: KERR HYUN-JYONG
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Man as his sole & separate property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Apr 04, 2024

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004000

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 176
  • District: 02
  • Parcel: 02-3222-011-1460
  • Block: 7
  • Lot: 3
  • Meridian: SEC 22 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.8144
  • Longitude: -80.1377

    Address

  • Full Address: 4247 N Bay Rd
  • Address - House Number: 4247
  • Street Direction: N
  • Address - Street Name: Bay
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C008
  • 4-Digit Zip Code: 2844
  • Zip Code: 33140

Valuation

    Tax

  • Total Area: 2,747
  • Tax Year: 2023
  • Tax Amount: $20,252
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 2,738,181
  • High Value: 2,995,393
  • Low Value: 2,480,970

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,160,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA, N.A.
  • First Open Lien Mortgage Recording Date: Nov 27, 2023
  • First Open Lien Mortgage Loan Amount: $2,160,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2038

    Market Valuation

  • Market Total Value: $1,071,729
  • Market Land Value: $1,019,730
  • Market Improvement Value: $51,999

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,071,729
  • Assessed Land Value: $1,019,730
  • Assessed Improvements Value: $51,999

    Sales

  • Current Sale Contract Date: Nov 16, 2023
  • Current Sale Recording Date: Nov 27, 2023
  • Current Sale Transaction ID: 11917665016
  • Current Sale Price: $2,700,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 844967
  • Previous Sale Recording Date: Jan 24, 2022
  • Previous Sale Contract Date: Jan 12, 2022
  • Previous Sale Amount: $1,070,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA, N.A.
  • First Mortgage Transaction Date: Nov 27, 2023
  • First Mortgage Loan Amount: $2,160,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2038

    Previous Mortgages

  • Previous Mortgage Lender: ELS HOLDINGS LLC
  • Previous Mortgage Transaction Date: Jan 24, 2022
  • Previous Mortgage Loan Amount: $802,500
  • Previous Mortgage Term: 24
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2024



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
2,869 ft²
$1,044/ft²
$2,995,000 Dec 7, 2020
$2,995,000 Apr 15, 2021
$831/mo
House
4 Beds
5 Baths
2,954 ft²
$846/ft²
$2,500,000 Aug 18, 2023
$2,500,000 Feb 8, 2024
$1,938/mo
House
4 Beds
4 Baths
2,258 ft²
$1,174/ft²
$2,650,000 Jun 28, 2023
$2,650,000 Nov 10, 2023
$1,458/mo
House
4 Beds
3 Baths
2,587 ft²
$1,102/ft²
$2,850,000 Jul 21, 2023
$2,850,000 Sep 22, 2023
$1,437/mo
House
4 Beds
5 Baths
3,271 ft²
$825/ft²
$2,700,000 May 10, 2023
$2,700,000 Dec 14, 2023
$1,837/mo
House
4 Beds
5 Baths
2,466 ft²
$1,277/ft²
$3,150,000 Aug 21, 2023
$3,150,000 Dec 1, 2023
$2,266/mo
House
4 Beds
3 Baths
2,832 ft²
$971/ft²
$2,750,000 Feb 28, 2024
-
$823/mo
House
4 Beds
4 Baths
2,977 ft²
$999/ft²
$2,975,000 Jul 12, 2023
-
$443/mo
House
4 Beds
4 Baths
3,152 ft²
$936/ft²
$2,950,000 Mar 5, 2024
-
$2,021/mo
House
4 Beds
4 Baths
2,815 ft²
$1,064/ft²
$2,995,000 Jan 24, 2024
-
$1,608/mo
House
4 Beds
4 Baths
2,545 ft²
$1,277/ft²
$3,250,000 Feb 12, 2024
-
$408/mo
House
4 Beds
2 Baths
1,803 ft²
$1,664/ft²
$3,000,000 Mar 2, 2024
-
$1,194/mo

About Nautilus


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Frequently Asked Questions

When was property at 4247 North Bay Road built and last sold?
The property at 4247 North Bay Road was built in 1925 and last sold on Nov 16, 2023 for $2,700,000.
How much is this home worth?
The estimated value of the home located at 4247 North Bay Road is $3,141,727.
What are some comparable homes to 4247 North Bay Road?
Homes that are comparable to 4247 North Bay Road include a house property at 2851 Prairie Avenue, 4421 Post Avenue, 3478 Royal Palm Avenue.

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