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$10,250,000

Beds
Unknown
sq ft
3,390

1386 S Venetian Way, Miami Beach, FL 33139

1386 S Venetian Way

Miami, FL 33139

  • 171 days on market
    • Price drop $1,750,000↓
Don’t miss the opportunity to build your dream home in one of the most coveted neighborhoods in Miami, the Venetian islands. Located on the southern side of San Marco Island, this highly sought-after waterfront lot, features breathtaking skyline views of downtown Miami and over 90 feet of water frontage perfect for parking your yacht. This 13,380 sq foot lot also sits on a quiet cul-de-sac street away from the main causeway for an added feel of privacy. This property will not last! the structure has been demolished so the property is being sold for lot value. For additional information please contact listing broker directly.

Details

Property type

Single Family Residence

Est. home value

$8,705,687

Lot size

0.31 acres

Price per sq ft

$3,024

Year built

1941

Annual property taxes

$237,911

Price History

06/29/2024
SEF

SEF #A11515348

Price change
$10,250,000
-14.58%
01/16/2024
SEF

SEF #A11515348

Listed
$12,000,000

Schools & Community

Neighborhood: 

San Marco Island

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Vicenzo De Pau

Loan start date

January 2008

Original loan amount

$1,400,000

Est. remaining balance

Not provided

Interest rate

6.11%

Loan type

Balloon, 0 year

Seller

Ivor H Rose and Michael Stern

Lender

Vicenzo De Pau

Loan start date

January 2008

Original loan amount

$1,400,000

Est. remaining balance

Not provided

Interest rate

6.11%

Loan type

Balloon, 0 year

Seller

Ivor H Rose and Michael Stern

Lender

Countrywide Home Loans Inc

Loan start date

February 2007

Original loan amount

$462,545

Est. remaining balance

Not provided

Interest rate

6.18%

Loan type

Credit Line (Revolving)

Seller

Ivor H Rose and Michael Stern

Lender

Countrywide Home Loans Inc

Loan start date

February 2007

Original loan amount

$462,545

Est. remaining balance

Not provided

Interest rate

6.18%

Loan type

Credit Line (Revolving)

Seller

Ivor H Rose and Michael Stern

Lender

Countrywide Home Loans Inc

Loan start date

January 2007

Original loan amount

$2,500,000

Est. remaining balance

Not provided

Interest rate

8.62%

Loan type

Negative Amortization, 30 year

Seller

Ivor H Rose and Michael Stern

Lender

Countrywide Home Loans Inc

Loan start date

January 2007

Original loan amount

$2,500,000

Est. remaining balance

Not provided

Interest rate

8.62%

Loan type

Negative Amortization, 30 year

Seller

Ivor H Rose and Michael Stern

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?

Status: Active

Tomo last checked: 07/04/2024 at 11:50 PM

Listing updated: 07/02/2024 at 3:09 PM

Listed by: Javier Portal, Green Group Realty, LLC. Phone #: (305) 720-4430

MLS: SEF #A11515348

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