by RH Advisors

See Home Value
$4,500,000
House - Off Market

7975 Biscayne Point Cir

Miami Beach, FL 33141
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2311 Sqft
$24,183
Estimated Monthly
$0
HOA / Fees
1.04%
Cap Rate

About This Property

Discover a rare gem in Miami Beach's exclusive Biscayne Point Island! This 3-bed/2-bath home offers 2,525 sqft of luxurious living. Set on a private, oversized corner lot, you're surrounded by lush tropical foliage to maintain privacy. Enjoy immediate access to Biscayne Bay, with a dock and boat lift. Outside, an outdoor oasis awaits with a heated pool, wet bar, tiki hut, Argentine grill, and inviting patios. Inside, a spacious floor plan with an open kitchen and ample living areas. The master suite overlooks the pool, with a Moroccan sauna tub adding a touch of elegance to the space. Minutes from SoBe and Bal Harbour, this exclusive property is a must-see.
Unit Size
2,311Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$1,947
Property Type
House
Property Taxes
$2,087
HOA Dues
-
Year Built
1967
Last updated: 2 months ago (Miami MLS #A11410217)

Price History

Date / Event Date Event Price
Feb 29, 2024 No longer available -
No longer available
Nov 8, 2023 Price Decreased $4,500,000
↓ $400K (8.2%)
Price Decreased
Aug 10, 2023 Price Decreased $4,900,000
↓ $500K (9.3%)
Price Decreased
Jun 30, 2023 Listed by Compass Florida LLC $5,400,000
Listed by Compass Florida LLC
Discover a rare gem in Miami Beach's exclusive Biscayne Point Island! This 3-bed/2-bath home offers 2,525 sqft of luxurious living. Set on a private, oversized corner lot, you're surrounded by lush tropical foliage to maintain privacy. Enjoy immediate access to Biscayne Bay, with a dock and boat lift. Outside, an outdoor oasis awaits with a heated pool, wet bar, tiki hut, Argentine grill, and inviting patios. Inside, a spacious floor plan with an open kitchen and ample living areas. The…
Feb 2, 2023 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: E
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 12,350
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 714
  • Total Building Area: 2,525
  • Gross Building Area: 2,525
  • Building Area: 2,311
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,311
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SCHARFS RESUB
  • Land Acres: 0.284
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 3 53 42 SCHARFS RESUB BLK 2 BISCAYNE POINT PER 14-35 PB 47-13 LOT 1 LOT SIZE 71.360 X 150 OR 20897-4662 12 2002 1

Ownership

  • Current Owner : PHILIP CHRIS H
  • Previous Owner : FERGUSON GRUSAKY HOLLY
  • Previous Owner 2: GRUSAKY JOHN
  • Owner Before Previous Owner: THOMPSON CARA L
  • Owner Before Previous Owner 2: THOMPSON REBILLARD
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 003912

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 165
  • District: 02
  • Parcel: 02-3203-004-0010
  • Block: 2
  • Lot: 1
  • Meridian: SEC 03 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.8642
  • Longitude: -80.1422

    Address

  • Full Address: 7975 Biscayne Point Cir
  • Address - House Number: 7975
  • Address - Street Name: Biscayne Point
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 1701
  • Zip Code: 33141

Valuation

    Tax

  • Total Area: 2,430
  • Tax Year: 2023
  • Tax Amount: $33,085
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 3,155,230
  • High Value: 3,725,437
  • Low Value: 2,585,024

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,000
  • First Open Lien Mortgage Lender: BIMIJA LIMITED PARTNERSHIP
  • First Open Lien Mortgage Recording Date: Nov 16, 2023
  • First Open Lien Mortgage Loan Amount: $150,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2028

    Market Valuation

  • Market Total Value: $2,436,377
  • Market Land Value: $2,056,275
  • Market Improvement Value: $380,102

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,288,816

    Sales

  • Current Sale Contract Date: Dec 13, 2002
  • Current Sale Recording Date: Dec 24, 2002
  • Current Sale Transaction ID: 11459813588
  • Current Sale Price: $691,700
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 02R804091
  • Previous Sale Recording Date: Nov 03, 1999
  • Previous Sale Amount: $380,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WACHOVIA MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 24, 2002
  • First Mortgage Loan Amount: $553,360
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jan 01, 2033



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4.5 Baths
3,016 ft²
$1,741/ft²
$5,250,000 Mar 16, 2023
-
$2,844/mo
House
5 Beds
5 Baths
3,500 ft²
$1,600/ft²
$5,600,000 Mar 27, 2023
-
$1,836/mo
House
5 Beds
5.5 Baths
3,900 ft²
$1,231/ft²
$4,800,000 Jul 29, 2023
-
$1,528/mo
House
6 Beds
6 Baths
5,647 ft²
$1,036/ft²
$5,850,000 Aug 4, 2023
-
$3,258/mo
In Contract
Commercial
Loft
-
-
$4,300,000 Jun 28, 2021
-
$3,438/mo

About Biscayne Point


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Frequently Asked Questions

When was property at 7975 Biscayne Point Circle built and last sold?
The property at 7975 Biscayne Point Circle was built in 1967 and last sold on Dec 13, 2002 for $691,700.
How much is this home worth?
The estimated value of the home located at 7975 Biscayne Point Circle is $4,891,677.
What are some comparable homes to 7975 Biscayne Point Circle?
Homes that are comparable to 7975 Biscayne Point Circle include a house property at 970 South Shore Drive, 7745 Noremac Avenue, 7590 Bayside Lane.

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