See Home Value
$19,050,665*
House - Off Market

550 N Island

Golden Beach, FL 33160
bedrooms
7 Beds
bathrooms
7 Baths, 1 Half Bath
$16,650,000 - $20,350,000
Reference Base Price*
2.98%
Since Apr 1, 2022
National-US
Primary Model
Sold Dec 27, 2011
$2,500,000
$2,000,000 by Banesco Usa
Mortgage
Sold Nov 07, 1996
$2,000,000

About This Property

ONE OF A KIND GOLDEN BEACH ESTATE ON EXCLUSIVE NORTH ISLAND CUL DE SAC. EXQUISITELY REDONE, THIS CONTEMPORARY RETREAT SITS ON A 17,671 SF LOT WITH 190 FT OF PRIME WATERFRONT! DRAMATIC DOUBLE HEIGHT CEILINGS WITH LARGE EXPANSES OF GLASS AND ELEGANT STAIRWAY GREETS YOU AS YOU ENTER. THIS 8,127 SF HOME HAS 7 BEDROOMS, 6 1/2 BTHS (+ GYM & OFFICE), & FEATURES A CHEF'S KITCHEN WITH TOP OF THE LINE APPLIANCES, FORMAL DINING ROOM WITH SEATING FOR 14, AND GRAND MASTER SUITE WITH SITTING AREA, STEAM SHOWER & LARGE TERRACE WITH PANORAMIC VIEWS. OVERSIZE POOL/JACUZZI, SUMMER KITCHEN & FABULOUS COVERED TERRACE OFFERS TRUE FLORIDA LIVING. FULLY EQUIPPED 50 FOOT DOCK.
Unit Size
-
Days on Market
-
Land Size
0.41 acres
Price per sqft
-
Property Type
House
Property Taxes
$3,344
HOA Dues
-
Year Built
1995

Price History

Date / Event Date Event Price
Mar 16, 2022 No longer available -
No longer available
Feb 4, 2022 Price Increased $18,500,000
↑ $3M (16.4%)
Price Increased
Aug 26, 2021 Relisted $15,900,000
Relisted
Aug 25, 2021 No longer available -
No longer available
Jul 30, 2021 Price Increased $15,900,000
↑ $2M (14.4%)
Price Increased
Show More

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 7
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 17,671
  • Total Building Area: 9,964
  • Gross Building Area: 9,964
  • Building Area: 6,920
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,920
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GOLDEN BEACH
  • Land Acres: 0.406
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GOLDEN BEACH SEC F PB 10-11 LOT 12 & SELY1/2 OF LOT 13 BLK M LOT SIZE 17671 SQ FT FAU 19-1235-006-0880 OR 15412-862 0392 2

Ownership

  • Current Owner : MIMOUN JONAS
  • Current Owner 2: MIMOUN JUDITH
  • Previous Owner : NEWBERG RICHARD
  • Previous Owner 2: NEWBERG DALE
  • Owner Before Previous Owner: TROPICAL TIME INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: GOLDEN BEACH
  • Census Tract: 000115

Zoning

  • Zoning: 1300

Geography

  • Assessors Map Reference: 11
  • District: 19
  • Parcel: 19-1235-006-0875
  • Block: M
  • Lot: 12,13
  • Meridian: SEC 35 TWN 51S RNG 42E
  • Municipality: GOLDEN BEACH
  • Latitude: 25.9706
  • Longitude: -80.1222

    Address

  • Full Address: 550 N Island
  • Address - House Number: 550
  • Street Direction: N
  • Address - Street Name: Island
  • State: FL
  • City Name: Golden Beach
  • Carrier Code: C061
  • 4-Digit Zip Code: 2206
  • Zip Code: 33160

Valuation

    Tax

  • Total Area: 7,742
  • Tax Year: 2023
  • Tax Amount: $44,903
  • Tax Rate Code Area: 1900

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 84,296
  • High Value: 92,214
  • Low Value: 76,378

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: BANESCO USA
  • First Open Lien Mortgage Recording Date: Dec 27, 2011
  • 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: Unknown (DEFAULT)

    Market Valuation

  • Market Total Value: $5,438,477
  • Market Land Value: $4,241,040
  • Market Improvement Value: $1,197,437

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,909,204

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 01, 2011
  • Current Sale Recording Date: Dec 27, 2011
  • Current Sale Transaction ID: 11458225778
  • Current Sale Price: $2,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2011R0866989
  • Previous Sale Recording Date: Nov 07, 1996
  • Previous Sale Amount: $2,000,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANESCO USA
  • First Mortgage Transaction Date: Dec 27, 2011
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
7 Beds
6.5 Baths
8,197 ft²
$2,001/ft²
$16,400,000 May 25, 2022
-
$13,725/mo
House
7 Beds
7.5 Baths
6,720 ft²
$2,463/ft²
$16,550,000 Dec 3, 2022
-
$4,161/mo
House
5 Beds
5.5 Baths
6,103 ft²
$2,833/ft²
$17,290,000 Jul 6, 2022
-
$3,749/mo

About Golden Beach


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Frequently Asked Questions

When was property at 550 North Island Drive built and last sold?
The property at 550 North Island Drive was built in 1995 and last sold on Dec 1, 2011 for $2,500,000.
How much is this home worth?
The estimated value of the home located at 550 North Island Drive is $18,685,000.
What are some comparable homes to 550 North Island Drive?
There are currently no comparable homes to 550 North Island Drive.

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