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495 Biltmore Way

495 Biltmore Way, Miami, FL 33134
Commercial in Coral Gables
495 Biltmore Way in Miami, FL was first built in 1960 and is 64 years old. Although, the building on the property was most recently renovated and altered in 1975. This has been categorized as a office property type. There are a total of 4 floors. 495 Biltmore Way has 21,996 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 510 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 6,114 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The exterior walls of the home are made of concrete. Walk into the home itself and you'll find that it is currently being cooled with a chilled water air conditioning system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 495 Biltmore Way was last sold in Oct 31, 2019 for $14,602,500. According to our calculations, that's $663.87 per sqft. Prior to that sales transaction, the property was sold for $5,900,000 in Nov 3, 2011. Current property owners are expected to pay $85,670 in taxes per year. The property on 495 Biltmore Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $4,600,000. To break that down further, the land itself was valued at $2,445,600. While improvements to the property were assessed at a total of $2,154,400. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20181126 Unit 403
11/26/2018
403
Studio
-
-
$34
bedrooms
Studio
bathrooms
-
-
-
-
Rosmery Quintero
Compass Florida, LLC

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete
  • Roof Shape Type: Gable or hip
  • Floor Count: 4
  • Business/Commerical Units Count: 12
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,114
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 510
  • Total Building Area: 21,996
  • Gross Building Area: 21,996
  • Building Area: 21,996
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Chilled water air conditioning system
  • Heating: unknown
  • Heated Square Feet: 21,996
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Office
  • Subdivision: CORAL GABLES BILTMORE
  • Land Acres: 0.14
  • Standard Land Use Code: Commercial office (general)
  • State Land Use Code: Possessory Interest (misc.)
  • Legal Description 1: 17 54 41 PB 20-28 CORAL GABLES BILTMORE SEC LOTS 25 & 26 BLK 4 LOT SIZE 50.950 X 120 COC 24762-2061 07 2006 2

Ownership

  • Current Owner : 475 BILTMORE MOB LLC
  • Previous Owner : ALTIS 475 LLC
  • Owner Before Previous Owner: BILTMORE LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: CORAL GABLES
  • Census Tract: 006203

Zoning

  • Zoning: 5005

Geography

  • Assessors Map Reference: 253
  • District: 03
  • Parcel: 03-4117-008-0980
  • Block: 4
  • Lot: 25,26
  • Meridian: SEC 17 TWN 54S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.7486
  • Longitude: -80.2646

    Address

  • Full Address: 495 Biltmore Way
  • Address - House Number: 495
  • Address - Street Name: Biltmore
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C040
  • 4-Digit Zip Code: 5756
  • Zip Code: 33134

Valuation

    Tax

  • Total Area: 21,621
  • Tax Year: 2023
  • Tax Amount: $85,670
  • Tax Rate Code Area: 300

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $6,400,000
  • First Open Lien Mortgage Lender: MELLON UNITED NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jul 27, 2006
  • First Open Lien Mortgage Loan Amount: $6,400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $4,600,000
  • Market Land Value: $2,445,600
  • Market Improvement Value: $2,154,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,600,000
  • Assessed Land Value: $2,445,600
  • Assessed Improvements Value: $2,154,400

    Sales

  • Current Sale Contract Date: Oct 31, 2019
  • Current Sale Recording Date: Nov 27, 2019
  • Current Sale Transaction ID: 11710504700
  • Current Sale Price: $14,602,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019R0744946
  • Previous Sale Recording Date: Nov 16, 2011
  • Previous Sale Contract Date: Nov 03, 2011
  • Previous Sale Amount: $5,900,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PFP HOLDING COMPANY VI LLC
  • First Mortgage Transaction Date: Nov 27, 2019
  • First Mortgage Loan Amount: $26,000,000
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: LION FINANCIAL LLC
  • Previous Mortgage Transaction Date: Nov 16, 2011
  • Previous Mortgage Loan Amount: $12,000,000
  • Previous Mortgage Loan Type: Commercial

About Coral Gables



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Nearby Rentals

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$1,900 /mo

  • 1 Bed
  • 1 Bath
  • 620 ft²
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$1,700 /mo

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  • 1 Bath
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$1,700 /mo

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  • 1 Bath
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Listing by Dulce Garcia
Unit for rent at

$1,800 /mo

  • 1 Bed
  • 1 Bath
  • 662 ft²
Listing by Stephanie Cabral
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$1,800 /mo

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Listing by Kadir Puentes Dahan

Frequently Asked Questions

What neighborhood is 495 Biltmore Way located in?
The 495 Biltmore Way is a commercial located in the neighborhood of Coral Gables in Coral Gables, Miami.
What is the average sales price for listings in 495 Biltmore Way?
The average sales price for units in 495 Biltmore Way is $0 currently.

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