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$12,999,000

Beds
8
Baths
10.5
sq ft
7,335

1740 S Bayshore Ln, Miami, FL 33133

1740 S Bayshore Ln

Miami, FL 33133

  • 248 days on market
    • Price drop $1,000↓
Nestled in a tranquil tropical haven on the exclusive Coconut Grove bayfront, this property boasts an impressive 139 feet of water frontage on a spacious point lot, featuring rare and substantial dockage. With a newly adjusted price, this offering presents an unparalleled value in one of Miami's most esteemed neighborhoods. The existing 7000-sqft home comprising 8 bedrooms and 10.5 baths, provides a perfect canvas for modern enhancements or a complete redevelopment. Additionally, the house can be leased during the design and permitting phases, providing an excellent investment opportunity. Easy access to the seaside village of Coconut Grove, fine dining and shopping, marina, parks and bikeways.

Details

Property type

Single Family Residence

Est. home value

$16,268,114

Lot size

0.28 acres

Price per sq ft

$1,773

Year built

1990

Annual property taxes

$52,579

Price History

05/13/2024
SEF

SEF #A11479196

Price change
$12,999,000
-0.01%
01/16/2024
SEF

SEF #A11479196

Price change
$13,000,000
-10.34%
11/01/2023
SEF

SEF #A11479196

Listed
$14,500,000

Schools & Community

Neighborhood: 

North-East Coconut Grove

Elementary school: 

Coconut Grove

Middle school: 

Ponce De Leon

High school: 

Coral Gables

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

Suntrust Mortgage Inc

Loan start date

August 2007

Original loan amount

$2,785,600

Est. remaining balance

Not provided

Interest rate

7.12%

Loan type

Not Provided, 30 year

Seller

Jolly Varki and Vijay G Varki

Lender

Suntrust Mortgage Inc

Loan start date

August 2007

Original loan amount

$2,785,600

Est. remaining balance

Not provided

Interest rate

7.12%

Loan type

Not Provided, 30 year

Seller

Jolly Varki and Vijay G Varki

Lender

Suntrust Bank

Loan start date

November 2006

Original loan amount

$1,085,000

Est. remaining balance

Not provided

Interest rate

6.37%

Loan type

Stand Alone Second, 20 year

Seller

Vijay G Varki and Jolly Varki

Lender

Suntrust Bank

Loan start date

November 2006

Original loan amount

$1,085,000

Est. remaining balance

Not provided

Interest rate

6.37%

Loan type

Stand Alone Second, 20 year

Seller

Vijay G Varki and Jolly Varki

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: 07/06/2024 at 12:45 AM

Listing updated: 06/26/2024 at 3:54 PM

Listed by: Sheryl Dicarlo, BHHS EWM Realty Phone #: (305) 960-2400

MLS: SEF #A11479196

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