See Home Value
$14,602,883*
House - Off Market

500 Marquesa Dr

Coral Gables, FL 33156
bedrooms
6 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
8321 Sqft
$7,560,000 - $9,240,000
Reference Base Price*
73.84%
Since Nov 1, 2019
FL-Miami
Primary Model
Sold Oct 09, 2019
$8,075,000
$5,652,500 by Hsbc Bank Usa
Mortgage Due Oct 01, 2049
Sold Dec 08, 2014
$4,250,000

About This Property

Spectacular waterfront home in guard gated Old Cutler Bay. Completely remodeled home has Mia Cucina kitchen, Wolf appliances, speakers in/out, impressive glass encased wine cellar w/ cooler & bar for ultimate home entertaining. Master Suite w/balcony & 4 bedrooms with walking closets and a studying area on 2nd flr, maid's qtrs. on 1st flr. off laundry room. Spacious open & flexible floor plan w/2 family rooms, living room and dining room. Pool/spa w/tanning deck overlooks wide canal with no bridges to bay! Dock w/lift and 140ft of waterfrontage.

The manager has listed the unit size as 8321 square feet.
Unit Size
8,321Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$1,009
Property Type
House
Property Taxes
$7,362
HOA Dues
$83
Year Built
1968

Price History

Date / Event Date Event Price
Oct 9, 2019 Sold to Dennis Omar Smith, Nancy Ly... $8,075,000
Sold to Dennis Omar Smith, Nancy Ly...
Oct 3, 2019 No longer available -
No longer available
May 8, 2019 Price Increased $8,400,000
↑ $100K (1.2%)
Price Increased
Jan 22, 2019 Listed $8,300,000
Listed
Dec 8, 2014 Sold to Marquesa Llc 500 $4,250,000
Sold to Marquesa Llc 500

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 7
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Rigid frame bar
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 378
  • Parking Space Count: 0
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 20,300
  • Total Building Area: 8,321
  • Gross Building Area: 8,321
  • Building Area: 6,471
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,471
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OLD CUTLER BAY
  • Land Acres: 0.466
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OLD CUTLER BAY SEC 4-A PB 84-6 LOT 23 BLK 3 LOT SIZE 20300 SQ FT OR 19706-2106 06/2001 1

Ownership

  • Current Owner : SMITH NANCY LYNN
  • Current Owner 2: SMITH DENNIS OMAR
  • Previous Owner : 500 MARQUESA LLC
  • Owner Before Previous Owner: TOOMEY CHRISTOPHER R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: CORAL GABLES
  • Census Tract: 008000

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 319
  • District: 03
  • Parcel: 03-5105-009-0050
  • Block: 3
  • Lot: 23
  • Meridian: SEC 05 TWN 55S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.6842
  • Longitude: -80.2626

    Address

  • Full Address: 500 Marquesa Dr
  • Address - House Number: 500
  • Address - Street Name: Marquesa
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C002
  • 4-Digit Zip Code: 2340
  • Zip Code: 33156

Valuation

    Tax

  • Total Area: 6,800
  • Tax Year: 2023
  • Tax Amount: $117,166
  • Tax Rate Code Area: 300

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,652,500
  • First Open Lien Mortgage Lender: HSBC BANK USA
  • First Open Lien Mortgage Recording Date: Oct 09, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $5,652,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2049

    Market Valuation

  • Market Total Value: $8,048,239
  • Market Land Value: $5,426,190
  • Market Improvement Value: $2,622,049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,197,019

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 30, 2019
  • Current Sale Recording Date: Oct 09, 2019
  • Current Sale Transaction ID: 11665092487
  • Current Sale Price: $8,075,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019R0632220
  • Previous Sale Recording Date: Dec 08, 2014
  • Previous Sale Contract Date: Dec 04, 2014
  • Previous Sale Amount: $4,250,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HSBC BANK USA
  • First Mortgage Transaction Date: Oct 09, 2019
  • First Mortgage Loan Amount: $5,652,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Old Cutler


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Frequently Asked Questions

When was property at 500 Marquesa Drive built and last sold?
The property at 500 Marquesa Drive was built in 1968 and last sold on Sep 30, 2019 for $8,075,000.
How much is this home worth?
The estimated value of the home located at 500 Marquesa Drive is $8,470,904.
What are some comparable homes to 500 Marquesa Drive?
There are currently no comparable homes to 500 Marquesa Drive.

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