See Home Value
$3,033,247*
House - Off Market

520 NE 59th St

Miami, FL 33137
bedrooms
5 Beds
bathrooms
4.5 Baths, 1 Half Bath
square feet
2848 Sqft
$2,633,000 - $3,217,000
Reference Base Price*
3.70%
Since Jun 1, 2023
FL-Miami
Primary Model
Sold May 31, 2023
$2,800,000
Buyer
Seller
$2,000,000 by City National Bank Of Florida
Mortgage Due Jun 01, 2053
Sold May 12, 2021
$553,200
$528,000 by Quicken Loans Llc
Mortgage Due May 01, 2051

About This Property

Nestled in the historic highly sought after neighborhood of Morningside, located on the cusp of Biscayne Bay is this exquisite five-bedroom, four-bathroom Mediterranean manor. The open-concept living and kitchen area creates an entertainment hub, while expansive windows and French doors invite an abundance of natural light, creating a vibrant atmosphere. The centerpiece of this luxurious retreat is the heated saltwater pool. Adjacent to the pool lies the al fresco kitchen, an outdoor culinary paradise, perfect for hosting intimate gatherings. This fully renovated home with a cozy in-law suite overlooking the pool offers unparalleled luxury and warmth.

The manager has listed the unit size as 2848 square feet.
Unit Size
2,848Ft²
Days on Market
-
Land Size
-
Price per sqft
$1,027
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
1924

Price History

Date / Event Date Event Price
May 31, 2023 Sold $2,800,000
Sold
May 24, 2023 No longer available -
No longer available
May 18, 2023 In contract -
In contract
Apr 7, 2023 Listed $2,925,000
Listed
Oct 6, 2021 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Construction Type: Concrete block
  • Exterior Walls Type: Composition
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,900
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 600
  • Total Building Area: 3,222
  • Gross Building Area: 3,222
  • Building Area: 2,809
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,809
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAYSHORE UNIT NO 2
  • Land Acres: 0.158
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BAYSHORE UNIT NO 2 PB 9-98 LOT 5 BLK 12 LOT SIZE 60.000 X 115

Ownership

  • Current Owner : NARP TRUST
  • Previous Owner : SPRAGG ISAAC
  • Owner Before Previous Owner: SPRAGG HOLDINGS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002100

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 174
  • District: 01
  • Parcel: 01-3218-036-0220
  • Block: 12
  • Lot: 5
  • Meridian: SEC 18 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8298
  • Longitude: -80.1846

    Address

  • Full Address: 520 Ne 59th St
  • Legal Unit: 2
  • Address - House Number: 520
  • Street Direction: NE
  • Address - Street Name: 59th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C062
  • 4-Digit Zip Code: 2231
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 2,848
  • Tax Year: 2023
  • Tax Amount: $2,527
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1801
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 1,988,232
  • High Value: 2,346,367
  • Low Value: 1,630,096

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: CITY NATIONAL BANK OF FLORIDA
  • First Open Lien Mortgage Recording Date: May 31, 2023
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • 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: Jun 01, 2053

    Market Valuation

  • Market Total Value: $985,872
  • Market Land Value: $793,252
  • Market Improvement Value: $192,620

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $752,931

    Sales

  • Current Sale Contract Date: May 18, 2023
  • Current Sale Recording Date: May 31, 2023
  • Current Sale Transaction ID: 11908207531
  • Current Sale Price: $2,800,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 363301
  • Previous Sale Recording Date: May 12, 2021
  • Previous Sale Contract Date: Apr 19, 2021
  • Previous Sale Amount: $553,200
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITY NATIONAL BANK OF FLORIDA
  • First Mortgage Transaction Date: May 31, 2023
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS LLC
  • Previous Mortgage Transaction Date: May 12, 2021
  • Previous Mortgage Loan Amount: $528,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
3 Baths
2,700 ft²
$1,000/ft²
$2,700,000 Aug 3, 2022
-
$337/mo
House
4 Beds
3.5 Baths
3,077 ft²
$1,137/ft²
$3,499,000 Nov 22, 2022
-
$2,045/mo
House
4 Beds
3 Baths
5,180 ft²
$570/ft²
$2,950,000 Aug 20, 2022
-
$1,383/mo
House
3 Beds
2.5 Baths
2,122 ft²
$1,508/ft²
$3,200,000 Oct 6, 2022
-
$1,238/mo
House
3 Beds
2 Baths
1,885 ft²
$1,326/ft²
$2,500,000 May 17, 2023
-
$1,702/mo
House
6 Beds
4 Baths
-
$3,375,000 Jul 16, 2021
-
$2,066/mo
Quadruplex
Stu
-
-
$2,650,000 Dec 29, 2022
-
$553/mo
Land
Loft
-
-
$2,990,000 Mar 1, 2022
-
$1,079/mo
Land
Loft
-
-
$2,800,000 Jun 29, 2022
-
$587/mo
Land
Loft
-
-
$2,800,000 Aug 2, 2022
-
$587/mo
Commercial
Loft
-
-
$3,100,000 May 6, 2022
-
$1,296/mo
Commercial
Loft
-
-
$2,500,000 Apr 27, 2023
-
$1,558/mo

About Northern Miami


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Frequently Asked Questions

When was property at 520 Northeast 59th Street built and last sold?
The property at 520 Northeast 59th Street was built in 1924 and last sold on May 18, 2023 for $2,800,000.
How much is this home worth?
The estimated value of the home located at 520 Northeast 59th Street is $2,949,870.
What are some comparable homes to 520 Northeast 59th Street?
There are currently no comparable homes to 520 Northeast 59th Street.

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