tomo logo

$7,990,000

Beds
7
Baths
6.5
sq ft
6,530

12575 Palm Rd, North Miami, FL 33181

12575 Palm Rd

North Miami, FL 33181

  • 225 days on market
    • Price drop $300,000↓
Step Inside With Me! Presenting an exquisitely crafted, newly constructed home on Keystone Point. White oak, travertine and coral stone are optimally balanced throughout this never before lived-in abode masterfully developed by Gregg Covin. Ideal for hosting, the interiors greet with 12ft ceilings, a floating staircase, paneled walls, and sleek social areas with serene water views. Custom millwork and an eat-in island + breakfast table define the contemporary kitchen. A fireplace lounge leads to the spacious primary suite with abundant natural light, midnight bar, travertine clad bath with dual vanities, & 2 walk-in closets. An impressive 7 bedrooms allow for versatility in living. Sun bathe and grill at the pool setting alongside privacy hedges, a new dock & 75 feet of long-water views.

Details

Property type

Single Family Residence

Est. home value

$1,621,487

Lot size

8,940 sq ft

Price per sq ft

$1,224

Year built

2024

Annual property taxes

$28,269

Price History

10/21/2024
SEF

SEF #A11567080

Price change
$7,990,000
-3.62%
05/10/2024
SEF

SEF #A11567080

Price change
$8,290,000
-7.88%
04/11/2024
SEF

SEF #A11567080

Listed
$8,999,000
+400.22%

Schools & Community

Neighborhood: 

Keystone Point

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Fuse 10 Llc

Loan start date

March 2022

Original loan amount

$6,100,000

Est. remaining balance

Not provided

Interest rate

3.56%

Loan type

Commercial

Seller

12575 Palm House Llc

Lender

Fuse 10 Llc

Loan start date

March 2022

Original loan amount

$6,100,000

Est. remaining balance

Not provided

Interest rate

3.56%

Loan type

Commercial

Seller

12575 Palm House Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 5:35 AM

Listing updated: 11/09/2024 at 2:05 PM

Listed by: Dina Goldentayer, Douglas Elliman Phone #: (305) 695-6075

MLS: SEF #A11567080

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