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$1,899,999

Beds
4
Baths
4.0
sq ft
3,049

15000 Old Cutler Rd, Palmetto Bay, FL 33158

15000 Old Cutler Rd

Palmetto Bay, FL 33158

  • 15 days on market
Rare Opportunity on Prestigious Old Cutler Road – Over an Acre of Prime Land. This expansive, gated estate offers a unique opportunity for a developer or end user to build their dream home on over an acre of lush, tropical land. The property features a secluded, park-like setting, a large swimming pool, & multiple structures. A private cottage, currently used as an art studio, is perfect for an office, guest house, or in-law suite. A charming arbor separates it from the main residence, which includes a spacious family room with a coral rock wood-burning fireplace. Additional features include 10-foot privacy fences & a gated driveway for ultimate seclusion. Located within walking distance to Coral Reef Park, Coral Reef Elementary & Deering Estate, this property offers endless possibilities.

Details

Property type

Single Family Residence

Est. home value

$1,747,854

Property condition

Updated/Remodeled

Lot size

1.01 acres

Price per sq ft

$624

Year built

1956

Annual property taxes

$8,761

Price History

02/07/2025
SEF

SEF #A11728887

Listed
$1,899,999
-5%
12/30/2024
SEF

SEF #A11197307

Removed
$2,000,000
10/18/2024
SEF

SEF #A11197307

Price change
$2,000,000
-6.76%

Schools & Community

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

Washington Mutual Bank Fa

Loan start date

April 2006

Original loan amount

$825,000

Est. remaining balance

Not provided

Interest rate

5.89%

Loan type

Fannie Mae/Freddie Mac, 15 year

Seller

David M Schor and Olga S Schor

Lender

Washington Mutual Bank Fa

Loan start date

April 2006

Original loan amount

$825,000

Est. remaining balance

Not provided

Interest rate

5.89%

Loan type

Fannie Mae/Freddie Mac, 15 year

Seller

David M Schor and Olga S Schor

Lender

Bankers Mortgage Trust Inc

Loan start date

January 2003

Original loan amount

$576,000

Est. remaining balance

$0

Interest rate

5.6%

Loan type

Not Provided, 15 year

Seller

David M Schor and Olga Schor

Lender

Bankers Mortgage Trust Inc

Loan start date

January 2003

Original loan amount

$576,000

Est. remaining balance

$0

Interest rate

5.6%

Loan type

Not Provided, 15 year

Seller

David M Schor and Olga Schor

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: 02/22/2025 at 9:30 PM

Listing updated: 02/07/2025 at 9:05 PM

Listed by: Oscar Arellano Jr., BHHS EWM Realty Phone #: (305) 960-2400

MLS: SEF #A11728887

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