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$36,000,000

Beds
8
Baths
8.5
sq ft
12,804

5004 N Bay Rd, Miami Beach, FL 33140

5004 N Bay Rd

Miami Beach, FL 33140

  • 114 days on market
    • Price drop $3,500,000↓
Discover the opportunity to reside on North Bay Road, one of Miami's most exclusive communities. This impressive eight-bedroom home, crafted by Zeb Jarosz, a distinguished architect known for his work with notable figures such as Michael Jordan, Matt Damon, and Dan Marino, exudes a resort-style ambiance. Encompassing nearly 17,000 SF across three levels, the residence has 105 feet of coveted waterfront and uninterrupted views of Biscayne Bay. The bright and spacious interiors, featuring 12-foot-high ceilings on the ground floor and 11-foot-high ceilings on the second floor, to create expansive living spaces. The third floor unveils a unique full-width roof terrace with a second pool, while the home is adorned with exquisite finishes and tailored details. Miami Beach living at its best!

Details

Property type

Single Family Residence

Est. home value

$34,085,372

Property condition

New Construction

Lot size

0.49 acres

Price per sq ft

$2,812

Year built

2016

Annual property taxes

$508,232

Price History

12/12/2024
SEF

SEF #A11650138

Price change
$36,000,000
-8.86%
08/30/2024
SEF

SEF #A11650138

Listed
$39,500,000
+1.54%
05/16/2024
SEF

SEF #A11515656

Removed
$38,900,000

Schools & Community

Neighborhood: 

La Gorce

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

Citibank Na

Loan start date

July 2023

Original loan amount

$7,450,000

Est. remaining balance

Not provided

Interest rate

4.87%

Loan type

New Conventional, 30 year

Seller

Vinnijarvi Florida Limited Partnership

Lender

Citibank Na

Loan start date

July 2023

Original loan amount

$7,450,000

Est. remaining balance

Not provided

Interest rate

4.87%

Loan type

New Conventional, 30 year

Seller

Vinnijarvi Florida Limited Partnership

Lender

Citibank Na

Loan start date

September 2021

Original loan amount

$17,550,000

Est. remaining balance

Not provided

Interest rate

2.25%

Loan type

New Conventional, 30 year

Seller

Vinnijarvi Florida Limited Partnership

Lender

Citibank Na

Loan start date

September 2021

Original loan amount

$17,550,000

Est. remaining balance

Not provided

Interest rate

2.25%

Loan type

New Conventional, 30 year

Seller

Vinnijarvi Florida Limited Partnership

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: 12/22/2024 at 4:45 PM

Listing updated: 12/12/2024 at 4:25 PM

Listed by: Bryan Sereny PA, Douglas Elliman Phone #: (305) 695-6300

MLS: SEF #A11650138

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