by RH Advisors

Check Availability
$18,000,000
↓ $3M (14.3%)
House - For Sale

640 Sabal Palm Rd

Miami, FL 33137
bedrooms
8 Beds
bathrooms
6 Baths
square feet
7784 Sqft
$98,310
Estimated Monthly
$549
HOA / Fees
2.67%
Cap Rate

About This Property

One-of-a-kind offering in the coveted gated community of Bay Point. SE facing TROPHY property on 100' of unobstructed wide bayfront, with deep water dockage and 360-degree panoramic views of the Miami skyline. Existing structure/home can be torn down for customization of a grand, new masterpiece. Live in the most exclusive neighborhood in Miami just steps away from the beach, city, dining and shopping.
Unit Size
7,784Ft²
Days on Market
185 days
Land Size
0.49 acres
Price per sqft
$2,312
Property Type
House
Property Taxes
$9,378
HOA Dues
$549
Year Built
1942
Listed By
Laura Graves
BrokerNation Real Estate
Last updated: 3 months ago (Miami MLS #A11473548)

Price History

Date / Event Date Event Price
Jan 12, 2024 Price Decreased $18,000,000
↓ $3M (14.3%)
Price Decreased
Oct 23, 2023 Listed by BrokerNation Real Estate $21,000,000
Listed by BrokerNation Real Estate
Mar 7, 2020 No longer available -
No longer available
Jan 17, 2020 Listed by Got Properties Real Estate Ser $5,950,000
Listed by Got Properties Real Estate Ser
Soak in the sun and take in the expansive views of Biscayne Bay from this rare Bay Point half acre estate. Just minutes from Miami's ultimate luxury shopping and dining destination, the Miami Design District, the elite Cushman School and not to mention the Wynwood Arts District, Midtown with easy access to the beaches. This 7,700 square foot 6 bedroom, 7 bathroom diamond in the rough will shine up beautifully with its vintage Carrara marble floors, custom marble staircase and open floor…

Property Highlights

Garage
Air Conditioning
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Golf Cart Parking, Guest
Garage Spaces: 4
Covered Parking Spaces: 4
Interior Details

Bathroom Information

Full Bathrooms: 6

Bedroom Information

Bedrooms: 8
Bedroom Features: At Least 1 Bedroom Ground Level, Sitting Area - Primary Bedroom

Interior Information

Interior Features: First Floor Entry, French Doors, Walk-In Closet(s), Den/Library/Office, Family Room, Great Room, Maid/In-Law Quarters
Appliances: Dishwasher, Dryer, Electric Range, Refrigerator
Flooring Type: Marble
Door Features: French Doors

Room Information

Living Room Features: Den/Library/Office, Family Room, Great Room, Maid/In-Law Quarters

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 310
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,500
  • Total Building Area: 9,638
  • Gross Building Area: 9,638
  • Building Area: 7,784
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 7,784
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: BAY POINT
  • Land Acres: 0.494
  • Legal Description 1: BAY POINT PB 40-63 LOT 16 BLK 3 AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE 100.000 X 215 OR 18291-3609 0898 1 COC 24863-2621 08 2006 5

Ownership

  • Current Owner : MORNINGSIDE ESTATE TRUST LLC
  • Previous Owner : WILMINGTON SAVINGS FUND SOCIETY FSB
  • Owner Before Previous Owner: MAZLOUM ABDO
  • 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: 01-3219-008-0540
  • Block: 3
  • Lot: 16
  • Meridian: SEC 19 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8161
  • Longitude: -80.1838

    Address

  • Full Address: 640 Sabal Palm Rd
  • Address - House Number: 640
  • Address - Street Name: Sabal Palm
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Miami
  • Carrier Code: C054
  • 4-Digit Zip Code: 3354
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 7,735
  • Tax Year: 2023
  • Tax Amount: $126,334
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.2686
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 61
  • Final Value: 4,939,348
  • High Value: 6,266,312
  • Low Value: 3,612,384

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,000,000
  • First Open Lien Mortgage Lender: JEREMY SCHIFFMAN
  • First Open Lien Mortgage Recording Date: Jul 16, 2021
  • First Open Lien Mortgage Loan Amount: $5,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $7,770,897
  • Market Land Value: $7,095,000
  • Market Improvement Value: $675,897

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,332,671

    Sales

  • Current Sale Contract Date: Apr 15, 2020
  • Current Sale Recording Date: Apr 21, 2020
  • Current Sale Transaction ID: 11757353343
  • Current Sale Price: $4,820,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2020R0241766
  • Previous Sale Recording Date: Nov 19, 2019
  • Previous Sale Contract Date: Nov 15, 2019
  • Previous Sale Amount: $5,800,100
  • Previous Sale Document Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
8 Baths
8,222 ft²
$2,159/ft²
$17,750,000 Apr 25, 2022
$17,750,000 Sep 27, 2023
$2,280/mo
House
7 Beds
7 Baths
5,964 ft²
$3,203/ft²
$19,100,000 May 18, 2023
-
$11,183/mo
House
4 Beds
4 Baths
3,551 ft²
$5,632/ft²
$20,000,000 Oct 14, 2022
-
$8,175/mo
Land
Loft
-
-
$19,100,000 Aug 18, 2023
-
$10,608/mo

About Northern Miami


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Unit for sale at 586 Sabal Palm Road, Miami, FL 33137

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Nearby Rentals

Unit for rent at 891 N Venetian Dr, Miami, FL, 33139

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Frequently Asked Questions

When was property at 640 Sabal Palm Road built and last sold?
The property at 640 Sabal Palm Road was built in 1942 and last sold on Apr 15, 2020 for $4,820,000.
How much is this home worth?
The estimated value of the home located at 640 Sabal Palm Road is $18,180,000.
What are some comparable homes to 640 Sabal Palm Road?
Homes that are comparable to 640 Sabal Palm Road include a land property at 586 Sabal Palm Road, a house property at 610 Sabal Palm Road, 1125 Belle Meade Island Drive.

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