by RH Advisors

Check Availability
$12,900,000
↓ $600K (4.4%)
House - For Sale

4500 Prairie Ave

Miami Beach, FL 33140
bedrooms
7 Beds
bathrooms
8 Baths, 3 Half Baths
square feet
6796 Sqft
$115,692
Estimated Monthly
$0
HOA / Fees
-2.54%
Cap Rate

About This Property

Recognized as a rare jewel in Miami Beach, this two-story historic estate sits on a 24,064 SF double lot with 128 ft of waterfront. Featuring 7 Bed / 5.3 Bath, you will revel in an Italian inspired gourmet kitchen, spacious dining and living room spaces, fine quartz and resin conglomerates flooring throughout the ground floor, custom-made aluminum and wood suspended stairs, a fully equipped Life Fitness gym and spa, and much more! Amenities include floor-to-ceiling impact glass doors and windows, a private elevator with wheelchair access, 46 x 23 ft ground pool with chromotherapy lighting and jacuzzi, 120 ft long deck, and two large boat. Lushly landscaped grounds provide the utmost in beauty and privacy.
Unit Size
6,796Ft²
Days on Market
1529 days
Land Size
0.55 acres
Price per sqft
$1,898
Property Type
House
Property Taxes
$52,350
HOA Dues
-
Year Built
1933
Listed By
Last updated: 2 months ago (Miami MLS #A10807502)

Price History

Date / Event Date Event Price
Feb 23, 2024 Price Decreased $12,900,000
↓ $600K (4.4%)
Price Decreased
Nov 17, 2023 Price Decreased $13,500,000
↓ $1M (6.9%)
Price Decreased
Sep 6, 2023 Price Decreased $14,500,000
↓ $400K (2.7%)
Price Decreased
Feb 15, 2023 Relisted $19,000,000
Relisted
Feb 15, 2023 Price Decreased $14,900,000
↓ $4M (21.6%)
Price Decreased
Show More

Property Highlights

Elevator
Air Conditioning
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway
Garage Spaces: 2
Covered Parking Spaces: 2
Interior Details

Bathroom Information

Half Bathrooms: 3
Full Bathrooms: 5
Master Bathroom Features: Separate Tub & Shower, Whirlpool/Spa

Bedroom Information

Bedrooms: 7
Bedroom Features: Sitting Area - Primary Bedroom, Primary Bedroom Upstairs

Interior Information

Interior Features: First Floor Entry, Bar, Built-in Features, Elevator, Entrance Foyer, Walk-In Closet(s), Den/Library/Office, Family Room, Great Room, Storage
Appliances: Dishwasher, Dryer, Electric Water Heater, Free-Standing Freezer, Gas Water Heater, Ice Maker, Water Purifier, Gas Range, Refrigerator, Washer
Flooring Type: Marble, Tile, Wood

Room Information

Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
Living Room Features: Den/Library/Office, Family Room, Great Room, Storage Room

Fireplace Information

Has Fireplace
Fireplace Features: Fireplace

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 24,064
  • Lot Size Depth Feet: 1,880
  • Lot Size Frontage Feet: 1,280
  • Total Building Area: 8,016
  • Gross Building Area: 8,016
  • Building Area: 6,796
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,796
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: NAUTILUS ADDN
  • Land Acres: 0.552
  • Legal Description 1: NAUTILUS ADDN PB 8-130 LOTS 14 & 15 BLK 9 LOT SIZE 128.000 X 188 OR 18647-1003 1296 4

Ownership

  • Current Owner : DIGIUSEPPE ANDREA
  • Current Owner 2: BISAZZA FEDERICA
  • Previous Owner : TETER MOLLY KATHLEEN
  • Previous Owner 2: WEBB LUKE
  • Owner Before Previous Owner: GILLER IRA D
  • Owner Before Previous Owner 2: GROSSMAN ANITA GILLER
  • Is Owner Occupied: unknown

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: 02-3222-014-0540
  • Block: 9
  • Lot: 14,15
  • Meridian: SEC 22 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.8193
  • Longitude: -80.1302

    Address

  • Full Address: 4500 Prairie Ave
  • Address - House Number: 4500
  • Address - Street Name: Prairie
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C011
  • 4-Digit Zip Code: 3000
  • Zip Code: 33140

Valuation

    Tax

  • Total Area: 6,540
  • Tax Year: 2023
  • Tax Amount: $78,345
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 4,685,233
  • High Value: 6,738,605
  • Low Value: 2,631,860

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $6,600,000
  • First Open Lien Mortgage Lender: APOLLO BANK
  • First Open Lien Mortgage Recording Date: Oct 03, 2022
  • First Open Lien Mortgage Loan Amount: $4,600,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • Second Open Lien Mortgage Lender: SANCTUARY LENDING LLC
  • Second Open Lien Mortgage Recording Date: Oct 03, 2022
  • Second Open Lien Mortgage Loan Amount: $2,000,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: unknown

    Market Valuation

  • Market Total Value: $8,435,996
  • Market Land Value: $7,219,507
  • Market Improvement Value: $1,216,489

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,187,093

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 22, 2016
  • Current Sale Recording Date: Jan 29, 2016
  • Current Sale Transaction ID: 1424491940
  • Current Sale Price: $4,050,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2016R0058086
  • Previous Sale Recording Date: Aug 23, 2011
  • Previous Sale Contract Date: Aug 04, 2011
  • Previous Sale Amount: $1,600,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: APOLLO BANK
  • First Mortgage Transaction Date: Jan 29, 2016
  • First Mortgage Loan Amount: $2,430,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Feb 01, 2026

    Financing

  • First Mortgage Financing Type: unknown

    Previous Mortgages

  • Previous Mortgage Lender: IRA D GILLER ETAL
  • Previous Mortgage Transaction Date: Aug 23, 2011
  • Previous Mortgage Loan Amount: $500,000
  • Previous Mortgage Term: 24
  • Previous Mortgage Loan Type: unknown
  • Previous Mortgage Loan Due Date: Aug 22, 2013

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
5.5 Baths
5,863 ft²
$2,200/ft²
$12,900,000 Apr 11, 2023
-
$12,357/mo
House
5 Beds
5.5 Baths
5,863 ft²
$2,200/ft²
$12,900,000 Aug 15, 2023
-
$12,357/mo
House
4 Beds
4.5 Baths
5,154 ft²
$2,668/ft²
$13,750,000 May 16, 2023
-
$8,323/mo

About Nautilus


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Frequently Asked Questions

When was property at 4500 Prairie Avenue built and last sold?
The property at 4500 Prairie Avenue was built in 1933 and last sold on Jan 22, 2016 for $4,050,000.
How much is this home worth?
The estimated value of the home located at 4500 Prairie Avenue is $13,635,000.
What are some comparable homes to 4500 Prairie Avenue?
Homes that are comparable to 4500 Prairie Avenue include a house property at 1221 West 48th Street, 1011 West 48th Street, which are both great to check out.

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