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$15,500,000

Beds
8
Baths
6.5
sq ft
7,784

640 Sabal Palm Rd, Miami, FL 33137

640 Sabal Palm Rd

Miami, FL 33137

  • 30 days on market
One-of-a-kind offering in the coveted gated community of Bay Point. SE facing TROPHY property on 100' of unobstructed wide bayfront, with deep water dockage and 360-degree panoramic views of the Miami skyline. Existing structure/home can be torn down for customization of a grand, new masterpiece. Live in the most exclusive neighborhood in Miami just steps away from the beach, city, dining and shopping.

Details

Property type

Single Family Residence

Est. home value

$12,444,328

Lot size

0.49 acres

Price per sq ft

$1,992

Year built

1987

Annual property taxes

$112,531

Monthly HOA fee

$549

Price History

06/02/2024
SEF

SEF #A11473548

Removed
$18,000,000
+16.13%
06/02/2024
SEF

SEF #A11598803

Listed
$15,500,000
-13.89%
01/10/2024
SEF

SEF #A11473548

Price change
$18,000,000
-14.29%

Schools & Community

Neighborhood: 

Upper Eastside

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

Jeremy Schiffman

Loan start date

June 2021

Original loan amount

$5,000,000

Est. remaining balance

Not provided

Interest rate

2.97%

Loan type

Not Provided

Seller

Morningside Estate Trust Llc

Lender

Jeremy Schiffman

Loan start date

June 2021

Original loan amount

$5,000,000

Est. remaining balance

Not provided

Interest rate

2.97%

Loan type

Not Provided

Seller

Morningside Estate Trust 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: 07/02/2024 at 7:45 PM

Listing updated: 06/05/2024 at 2:17 PM

Listed by: Laura Graves, BrokerNation Real Estate Phone #: (305) 602-4410

MLS: SEF #A11598803

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