See Home Value
$28,154,560*
House - Off Market

580 Sabal Palm Rd

Miami, FL 33137
bedrooms
6 Beds
bathrooms
9 Baths, 1 Half Bath
square feet
14000 Sqft
$17,010,000 - $20,790,000
Reference Base Price*
48.97%
Since Apr 1, 2021
FL-Miami
Primary Model
Sold Nov 12, 2021
$18,000,000
$2,800,000 by Professional Bank
Mortgage Due Oct 01, 2044
Sold May 17, 2021
$16,850,000

About This Property

"La Casa Palma" - An unparalleled contemporary estate impeccably designed by World Renowned Architect Kobi Karp, interiors by Borges+Associates, and built by MV Group. Situated in the private community of Bay Point, the open floor plan makes this the perfect home for entertaining with endless water views. Separate guest house with private entry and sunset deck. Movie theatre, gym, spa, wine cellar, and glass elevator. The backyard of your dreams overlooking the Miami Beach skyline, lap pool and built in chefs summer kitchen. Miami waterfront living at its very finest.

The manager has listed the unit size as 14000 square feet.
Unit Size
14,000Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$1,350
Property Type
House
Property Taxes
$8,865
HOA Dues
-
Year Built
2021

Price History

Date / Event Date Event Price
Mar 8, 2021 No longer available -
No longer available
Oct 2, 2020 Price Decreased $18,900,000
↓ $1M (5.5%)
Price Decreased
Jul 19, 2020 Listed $20,000,000
Listed
Sep 25, 2014 Sold $4,000,000
Sold

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 29,193
  • Total Building Area: 14,458
  • Gross Building Area: 14,458
  • Building Area: 12,037
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 12,037
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAY POINT
  • Land Acres: 0.67
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BAY POINT PB 40-63 LOT 8 BLK 3 AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE 29193 SQ FT M/L OR 18635-2441 05 1999 1

Ownership

  • Current Owner : 580 SABAL PALM ROAD LLC
  • Previous Owner : CAMBRIDGE CAPITAL OF MIAMI LLC
  • Owner Before Previous Owner: 580 SABLE PALM LLC
  • Ownership Rights Codes: unknown
  • 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: 175
  • District: 01
  • Parcel: 01-3219-008-0460
  • Block: 3
  • Lot: 8
  • Meridian: SEC 19 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8146
  • Longitude: -80.1856

    Address

  • Full Address: 580 Sabal Palm Rd
  • Address - House Number: 580
  • Address - Street Name: Sabal Palm
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Miami
  • Carrier Code: C054
  • 4-Digit Zip Code: 3374
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 12,152
  • Tax Year: 2023
  • Tax Amount: $335,086
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.2686
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 61
  • Final Value: 3,483,524
  • High Value: 4,419,378
  • Low Value: 2,547,669

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,800,000
  • First Open Lien Mortgage Lender: PROFESSIONAL BANK
  • First Open Lien Mortgage Recording Date: Sep 25, 2014
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,800,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2044

    Market Valuation

  • Market Total Value: $16,300,814
  • Market Land Value: $8,670,321
  • Market Improvement Value: $7,630,493

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,300,814
  • Assessed Land Value: $8,670,321
  • Assessed Improvements Value: $7,630,493

    Sales

  • Current Sale Contract Date: Oct 29, 2021
  • Current Sale Recording Date: Nov 12, 2021
  • Current Sale Transaction ID: 11870113083
  • Current Sale Price: $18,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0848644
  • Previous Sale Recording Date: May 17, 2021
  • Previous Sale Contract Date: Apr 26, 2021
  • Previous Sale Amount: $16,850,000
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
8.5 Baths
10,416 ft²
$1,632/ft²
$16,995,000 Nov 10, 2022
-
$10,962/mo
Land
Loft
-
-
$21,900,000 Aug 2, 2021
-
$3,009/mo

About Northern Miami


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Nearby Rentals

Unit for rent at

$19,900 /mo

  • 4 Beds
  • 4.5 Baths
  • 2,887 ft²
Listing by Andrei Liam Stefanov
Unit for rent at

$17,000 /mo

  • 4 Beds
  • 4.5 Baths
  • 1,871 ft²
Listing by Linsayd Avila


Frequently Asked Questions

When was property at 580 Sabal Palm Road built and last sold?
The property at 580 Sabal Palm Road was built in 2021 and last sold on Oct 29, 2021 for $18,000,000.
How much is this home worth?
The estimated value of the home located at 580 Sabal Palm Road is $19,089,000.
What are some comparable homes to 580 Sabal Palm Road?
There are currently no comparable homes to 580 Sabal Palm Road.

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