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$7,900,000

Beds
5
Baths
5.5
sq ft
2,608

277 N Coconut Ln, Miami Beach, FL 33139

277 N Coconut Ln

Miami Beach, FL 33139

  • 266 days on market
    • Price drop $200,000↓
This spectacular waterfront home has been totally renovated with a construction upgrade of a new entrance and third floor railings in 2019. All the bedrooms are in suites and facing the open bay. 5 bed 5 1/2 bath with rooftop terraces. 36 x 24 CARIBBEAN BLUE marble & wood floors throughout. Beautiful kitchen with top of the line appliances, granite counter tops, impact windows, storage room, sound system, brand new back-up generator installed in 2023, solar heated pool, new dock and new 50 linear foot seawall. New floating lift that holds up to 25, 000 lbs, and a floating dock for 2 jet ski. The Second and third floor of the house were built in 1989. With breathtaking views this beautiful property is ready for a new owner. Come enjoy the gorgeous view of the bay, and Miami.

Details

Property type

Single Family Residence

Est. home value

$8,895,607

Lot size

7,000 sq ft

Price per sq ft

$3,030

Year built

1950

Annual property taxes

$68,118

Price History

05/14/2024
SEF

SEF #A11466958

Price change
$7,900,000
-2.47%
04/22/2024
SEF

SEF #A11466958

Listed
$8,100,000
04/12/2024
SEF

SEF #A11466958

Pending
$8,100,000

Schools & Community

Neighborhood: 

Palm 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

Jpmorgan Chase Bank Na

Loan start date

April 2022

Original loan amount

$2,400,000

Est. remaining balance

Not provided

Interest rate

2.5%

Loan type

New Conventional, 30 year

Seller

Jose M Ferr and Jacqueline M Ferrer

Lender

Jpmorgan Chase Bank Na

Loan start date

April 2022

Original loan amount

$2,400,000

Est. remaining balance

Not provided

Interest rate

2.5%

Loan type

New Conventional, 30 year

Seller

Jose M Ferr and Jacqueline M Ferrer

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: 07/02/2024 at 7:55 PM

Listing updated: 06/21/2024 at 2:18 PM

Listed by: Yohane Carcases, Compass Florida, LLC. Phone #: (305) 851-2820

MLS: SEF #A11466958

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