by RH Advisors

See Home Value
$9,500,000
House - Off Market

661 Melaleuca Ln

Miami, FL 33137
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5266 Sqft
$53,976
Estimated Monthly
$333
HOA / Fees
1.31%
Cap Rate

About This Property

Bay Point modern masterpiece where luxury meets contemporary elegance boasting exquisite, timeless appeal, sophisticated design finishes throughout, true modern living. Striking 18ft facade welcomes you to airy and open ambiance. Enhancing a sense of grandeur w/ 10ft ceilings, 5 BR, 4.5 BA, wide European plank oak floors, 9ft Italian doors, Italian black scrapped wood & glass kitchen w/ honed marble backsplash, 60-inch Viking gas range, exotic marble countertop, floor-to-ceiling impact windows allowing ethereal light abundance. Grand 1,000SF master suite & office on 2nd floor making it a retreat within the home, custom his & hers closets, marble master bath. The home wraps around its expansive lush yard & salt-water pristine pool. Located in prestigious guarded & gated Bay Point Estates.
Unit Size
5,266Ft²
Days on Market
164 days
Land Size
0.30 acres
Price per sqft
$1,937
Property Type
House
Property Taxes
$3,559
HOA Dues
$333
Year Built
2018
Last updated: 26 days ago (Miami MLS #A11461954)

Price History

Date / Event Date Event Price
Mar 22, 2024 Sold $9,500,000
Sold
Dec 9, 2023 In contract -
In contract
Oct 10, 2023 Listed by One Sotheby's International Realty $10,200,000
Listed by One Sotheby's International Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Garage Square Area: 512
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 13,277
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 880
  • Total Building Area: 6,130
  • Gross Building Area: 6,130
  • Building Area: 5,266
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,266
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAY POINT
  • Land Acres: 0.305
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BAY POINT PB 40-63 LOT 8 BLK 7 AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE 88.510 X 150 OR 14514-3765 0490 1

Ownership

  • Current Owner : TEMKIN NATALIA
  • Previous Owner : KARAKHANIAN ALEX
  • Previous Owner 2: KARAKHANIAN RENA
  • Owner Before Previous Owner: 661 BAY POINT PROJECT LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Woman as her sole & separate property

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: 01-3219-008-1090
  • Block: 7
  • Lot: 8
  • Meridian: SEC 19 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8176
  • Longitude: -80.1846

    Address

  • Full Address: 661 Melaleuca Ln
  • Address - House Number: 661
  • Address - Street Name: Melaleuca
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Miami
  • Carrier Code: C054
  • 4-Digit Zip Code: 3344
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 5,375
  • Tax Year: 2023
  • Tax Amount: $43,881
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1354
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 4,650,242
  • High Value: 5,280,275
  • Low Value: 4,020,209

    Market Valuation

  • Market Total Value: $3,431,839
  • Market Land Value: $1,838,864
  • Market Improvement Value: $1,592,975

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,158,015

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 22, 2024
  • Current Sale Recording Date: Mar 28, 2024
  • Current Sale Transaction ID: 11923620522
  • Current Sale Price: $9,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 236814
  • Previous Sale Recording Date: Apr 01, 2014
  • Previous Sale Contract Date: Mar 27, 2014
  • Previous Sale Amount: $1,610,000
  • 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
4 Beds
5 Baths
2,906 ft²
$2,340/ft²
$6,800,000 Aug 22, 2023
$6,800,000 Sep 29, 2023
$1,164/mo
House
5 Beds
6 Baths
4,334 ft²
$1,961/ft²
$8,500,000 Jun 5, 2023
-
$4,030/mo
House
5 Beds
5 Baths
3,814 ft²
$3,205/ft²
$12,222,000 Sep 26, 2023
-
$5,646/mo
House
6 Beds
8 Baths
6,574 ft²
$1,498/ft²
$9,850,000 Jun 12, 2023
-
$6,784/mo
House
7 Beds
9 Baths
6,600 ft²
$1,817/ft²
$11,990,000 Nov 27, 2023
-
$2,926/mo
House
7 Beds
8 Baths
4,582 ft²
$1,964/ft²
$9,000,000 Feb 17, 2023
-
$1,243/mo
House
3 Beds
4 Baths
2,322 ft²
$4,091/ft²
$9,500,000 Sep 4, 2023
-
$1,666/mo

About Northern Miami


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Frequently Asked Questions

When was property at 661 Melaleuca Lane built and last sold?
The property at 661 Melaleuca Lane was built in 2018 and last sold on Mar 22, 2024 for $9,500,000.
How much is this home worth?
The estimated value of the home located at 661 Melaleuca Lane is $10,302,000.
What are some comparable homes to 661 Melaleuca Lane?
Homes that are comparable to 661 Melaleuca Lane include a house property at 4380 Lake Road, 575 Hibiscus Lane, 4225 Lake Road.

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