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$38,000,000

Beds
6
Baths
7.0
sq ft
6,867

424 W Rivo Alto Dr, Miami Beach, FL 33139

424 W Rivo Alto Dr

Miami Beach, FL 33139

  • 71 days on market
Luxurious Venetian Island waterfront home under construction with expected completion end of 2024. Modern tropical residence showcases a series of architectural scenes with seamless indoor-outdoor living, natural elements & breathtaking wide bay sunset views. Exquisite interior finishes planned, and outdoors features covered dining, custom kitchen, tranquil pool overlooking Biscayne Bay. 104 feet of waterfront. Purchase while under construction + save 3 years of your life avoiding planning and building. Warren Buffet famously said in 2019, “I can basically buy anything I want, but I can’t buy time”, but recently when he saw the plans for this home Warren said, “wow I was wrong, this is an opportunity to buy time as I can close on this home and customize the finishes within a few months!”

Details

Property type

Single Family Residence

Est. home value

$11,940,103

Property condition

Under Construction

Lot size

0.32 acres

Price per sq ft

$5,534

Year built

2025

Annual property taxes

$175,563

Price History

04/26/2024
SEF

SEF #A11576858

Listed
$38,000,000
+400%
12/15/2020
SEF

SEF #A10648524

Sold
$7,600,000

Schools & Community

Neighborhood: 

Rivo Alto 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

Hsbc Bank Usa

Loan start date

March 2021

Original loan amount

$4,560,000

Est. remaining balance

Not provided

Interest rate

2.47%

Loan type

New Conventional, 30 year

Seller

Spanish Rose Llc

Lender

Hsbc Bank Usa

Loan start date

March 2021

Original loan amount

$4,560,000

Est. remaining balance

Not provided

Interest rate

2.47%

Loan type

New Conventional, 30 year

Seller

Spanish Rose 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?

Status: Active

Tomo last checked: 07/06/2024 at 3:30 AM

Listing updated: 05/08/2024 at 10:34 AM

Listed by: Julian Johnston, The Corcoran Group Phone #: (305) 395-4982

MLS: SEF #A11576858

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