by RH Advisors

Check Availability
$6,500,000
House - For Sale

511 W Dilido Dr

Miami Beach, FL 33139
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3760 Sqft
$35,565
Estimated Monthly
$0
HOA / Fees
2.28%
Cap Rate

About This Property

Welcome to this exceptional 4-bed, 4-bath, 3,800 sqft single-family home on an expansive 11,250 sqft corner lot, a rare find in Miami Beach's Venetian Islands.
The house boasts a high-end, brand-new kitchen that bathes the space in natural light, creating a warm and inviting atmosphere. For your security, there's a comprehensive alarm system in place.

The open-concept living areas seamlessly lead to a pool and barbecue area, perfect for outdoor entertaining. The 500 sqft gym/exercise room is versatile, easily converted into a movie theater, or even back into a car garage.

Located on prestigious Dilido island, the substantial lot size holds potential for future development.
Unit Size
3,760Ft²
Days on Market
217 days
Land Size
0.26 acres
Price per sqft
$1,729
Property Type
House
Property Taxes
$3,648
HOA Dues
-
Year Built
1939
Listed By
Thomas Bichi
Thomas Bichi
Keller Williams Miami Beach Realty
Last updated: 20 days ago (Miami MLS #A11455467)

Price History

Date / Event Date Event Price
Sep 21, 2023 Listed by Keller Williams Capital Realty $6,500,000
Listed by Keller Williams Capital Realty
Mar 3, 2023 No longer available -
No longer available
Mar 3, 2023 Sold to Anthony P Arrighi $3,750,000
Sold to Anthony P Arrighi
Feb 17, 2023 In contract -
In contract
Jan 21, 2023 Price Decreased $4,000,000
↓ $500K (11.1%)
Price Decreased
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Driveway
Interior Details

Bathroom Information

Full Bathrooms: 4

Bedroom Information

Bedrooms: 4
Bedroom Features: Entry Level

Interior Information

Interior Features: First Floor Entry, Built-in Features, Cooking Island, Garage Converted
Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
Flooring Type: Other

Room Information

Living Room Features: Garage Converted

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 11,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 900
  • Total Building Area: 3,788
  • Gross Building Area: 3,788
  • Building Area: 3,760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,760
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DI LIDO ISLAND
  • Land Acres: 0.258
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DI LIDO ISLAND PB 8-36 W1/2 LOT 7 & LOT 8 BLK 12 LOT SIZE 90.000 X 125 OR 15422-743 0392 4

Ownership

  • Current Owner : ARRIGHI ANTHONY P
  • Previous Owner : 511 DILIDO DRIVE LLC
  • Owner Before Previous Owner: ONE VENETIAN LLC
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004102

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 182
  • District: 02
  • Parcel: 02-3232-011-1480
  • Block: 12
  • Lot: 7,8
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7921
  • Longitude: -80.1593

    Address

  • Full Address: 511 W Dilido Dr
  • Address - House Number: 511
  • Street Direction: W
  • Address - Street Name: Dilido
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 1159
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 3,774
  • Tax Year: 2023
  • Tax Amount: $66,199
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 4,603,156
  • High Value: 5,434,616
  • Low Value: 3,771,696

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,000,000
  • First Open Lien Mortgage Lender: PROFESSIONAL BANK
  • First Open Lien Mortgage Recording Date: Mar 03, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,000,000
  • 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: Apr 01, 2053

    Market Valuation

  • Market Total Value: $3,503,179
  • Market Land Value: $3,153,240
  • Market Improvement Value: $349,939

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,503,179
  • Assessed Land Value: $3,153,240
  • Assessed Improvements Value: $349,939

    Sales

  • Current Sale Recording Date: Mar 03, 2023
  • Current Sale Transaction ID: 11903871083
  • Current Sale Price: $3,750,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 142973
  • Previous Sale Recording Date: May 20, 2021
  • Previous Sale Contract Date: Apr 29, 2021
  • Previous Sale Amount: $2,650,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROFESSIONAL BANK
  • First Mortgage Transaction Date: Mar 03, 2023
  • First Mortgage Loan Amount: $3,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053

    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
House
6 Beds
5 Baths
4,480 ft²
$1,228/ft²
$5,500,000 Jul 6, 2023
$5,500,000 Sep 7, 2023
$1,023/mo
House
4 Beds
5 Baths
2,741 ft²
$2,005/ft²
$5,495,000 May 10, 2023
-
$4,646/mo
House
4 Beds
5 Baths
2,376 ft²
$2,521/ft²
$5,990,000 Nov 29, 2022
-
$4,816/mo

About Venetian Islands


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Frequently Asked Questions

When was property at 511 West Di Lido Drive built and last sold?
The property at 511 West Di Lido Drive was built in 1939 and last sold on Jan 1, 1970 for $3,750,000.
How much is this home worth?
The estimated value of the home located at 511 West Di Lido Drive is $6,690,306.
What are some comparable homes to 511 West Di Lido Drive?
Homes that are comparable to 511 West Di Lido Drive include a house property at 291 Palm Avenue, 2111 Regatta Avenue, 531 Northeast 52nd Street.

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