tomo logo

$38,000,000

Beds
5
Baths
5.5
sq ft
6,977

5396 N Bay Rd, Miami Beach, FL 33140

5396 N Bay Rd

Miami Beach, FL 33140

  • 13 days on market
Montecito style fully furnished waterfront mansion on posh North Bay Road. The utmost in privacy & elegance! Direct downtown & sunset views make this home a dream come true. High ceilings, fabulous entertaining space indoor and out, gourmet kitchen. All bedrooms have en-suite baths and walk-in closets. Waterfront and inner courtyard pools. Fully walled and gated. When only the best will do!

Details

Property type

Single Family Residence

Est. home value

$9,907,275

Lot size

0.29 acres

Price per sq ft

$5,447

Year built

2000

Annual property taxes

$80,064

Price History

06/18/2024
SEF

SEF #A11606868

Listed
$38,000,000
11/30/2023
SEF

SEF #A11455272

Removed
$38,000,000
09/20/2023
SEF

SEF #A11455272

Listed
$38,000,000

Schools & Community

Neighborhood: 

La Gorce

Elementary school: 

North Beach

Middle school: 

Nautilus

High school: 

Miami Beach

Community features: 

Gated, Street Lights

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

The Northern Trust Co

Loan start date

May 2018

Original loan amount

$8,000,000

Est. remaining balance

Not provided

Interest rate

4.37%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Jean Marie Echemendia and The Jean Marie Echemendia Living Trust

Lender

The Northern Trust Co

Loan start date

May 2018

Original loan amount

$8,000,000

Est. remaining balance

Not provided

Interest rate

4.37%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Jean Marie Echemendia and The Jean Marie Echemendia Living Trust

Lender

The Northern Trust Co

Loan start date

May 2015

Original loan amount

$4,000,000

Est. remaining balance

Not provided

Interest rate

2.92%

Loan type

Credit Line (Revolving), 20 year

Seller

Jean Marie Echemendia and Jean Marie Echemendia Living Trust

Lender

The Northern Trust Co

Loan start date

May 2015

Original loan amount

$4,000,000

Est. remaining balance

Not provided

Interest rate

2.92%

Loan type

Credit Line (Revolving), 20 year

Seller

Jean Marie Echemendia and Jean Marie Echemendia Living Trust

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: 06/30/2024 at 10:25 PM

Listing updated: 06/20/2024 at 4:26 PM

Listed by: Jean Echemendia, Douglas Elliman Phone #: (305) 903-4050

MLS: SEF #A11606868

SEF logo