586 Sabal Palm Rd, Miami, FL 33137
FOR SALE0.53 ACRES

586 Sabal Palm Rd
Miami, FL 33137

Upper Eastside
  • 7 Beds
  • 6 Baths
  • 5,964 sqft (on 0.53 acres)
  • 7 Beds
  • 6 Baths
  • 5,964 sqft (on 0.53 acres)

$17,000,000

Original price: $18,340,000
Est. Mortgage $101,798/mo*

Local Information

map showing home location
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-- mins to
Commute Destination

Description

Spanish Mediterranean Architectural beauty on gated & private Bay point . Enjoy dramatic yet serene sunrise open bay views w/ 120’ of WF on a 23,100sf on the Bay. This 6,560sf, 7 bed waterfront home w/ covered cabana, 3 car garage features a large pool, covered barbecue area & storage room. Beautifully landscaped , gated property providing shade & privacy. Oversized primary suite w/ separate sitting area walk-in closet and bathrooms with balcony overlooking patio. Stunning foyer, high ceilings with curved staircase and herring bone wood floors. 4bed upstairs all w/ water views & midnight bar, nanny room, guest suite & large den on ground floor. Home is wired for surround sound & security cameras. Minutes to Downtown, Design District, airport, top schools & vibrant night-life.

Home Highlights

Parking
Garage
Outdoor
Patio, Pool
View
Bay, Ocean, Other
HOA
None
Price/Sqft
$2,850
Listed
82 days ago

Home Details for 586 Sabal Palm Rd

Interior Features

Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 6Number of Bathrooms (full): 5Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 5964 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Dryer, Microwave, Other, Gas Range, Refrigerator, Wall Oven, WasherDishwasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Windows, Doors, Floors & Walls
Flooring: Other
Levels, Entrance, & Accessibility
Stories: 2Entry Location: FoyerFloors: Other
View
Has a ViewView: Bay, Ocean, Other
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: Barrel RoofPatio / Porch: Awning(s), PatioVegetation: Fruit TreesExterior: Built-in Barbecue, Lighting, OtherHas a Private Pool
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Has a GarageHas Open ParkingParking Spaces: 3Parking: Driveway,Automatic Garage Door Opener
Pool
Pool: In GroundPool
Frontage
WaterfrontWaterfront: Ocean Access, Waterfront, WF/Pool/Ocean AccessOn Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Frontage Length: 120Not Allowed to Raise Horses

Days on Market

Days on Market: 82

Property Information

Year Built
Year Built: 1970
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence, ResidentialStructure Type: House, AttachedArchitecture: House,Attached
Building
Building Name: Bay PointConstruction Materials: CBS ConstructionNot a New Construction
Property Information
Parcel Number: 0132190080470

Price & Status

Price
List Price: $17,000,000Price Per Sqft: $2,850
Status Change & Dates
Possession Timing: Funding

Active Status

MLS Status: Active

Location

Direction & Address
City: MiamiCommunity: Bay Point

Agent Information

Listing Agent
Listing ID: A11528585

Building

Building Area
Building Area: 6185 Square Feet

Community

Community Features: Gated, Street Lights, Card/Electric Gate, Gated Community

HOA

Association for this Listing: A-Miami Association of REALTORSNo HOAHOA Fee: No HOA Fee

Lot Information

Lot Area: 0.53 acres

Offer

Listing Terms: All Cash, Assumable, Conventional

Compensation

Buyer Agency Commission: 3%Buyer Agency Commission Type: %Sub Agency Commission: 3%Sub Agency Commission Type: %Transaction Broker Commission: 3%Transaction Broker Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: A11528585Water View: Bay, Ocean

Additional Information

GatedStreet LightsCard/Electric GateGated Community
Last check for updates: about 7 hours ago
Listing courtesy of Albert Justo, (786) 326-9613
One Sotheby's International Re
Mirce Curkoski, (786) 395-2139
One Sotheby's International Re
Originating MLS: A-Miami Association of REALTORS
Source: MIAMI, MLS#A11528585

Price History for 586 Sabal Palm Rd

DatePriceEventSource
03/13/2024$17,000,000PriceChange
MIAMI #A11528585
11/02/2023$18,340,000PriceChange
MIAMI #A11390028
07/31/2023$19,100,000PriceChange
MIAMI #A11390028
05/18/2023$19,900,000Listed For SaleMIAMI #A11390028
02/19/2016$7,000,000Sold
N/A
02/11/2016$7,900,000PendingAgent Provided
11/05/2015$7,900,000PriceChange
Agent Provided
06/19/2015$8,200,000Listed For SaleAgent Provided
09/15/2014$5,246,000Sold
N/A
03/04/2014$5,500,000ListingRemovedAgent Provided
02/01/2014$5,500,000Listed For SaleAgent Provided
10/31/2013$5,500,000ListingRemovedAgent Provided
10/06/2013$5,500,000Listed For SaleAgent Provided
04/03/2012$5,450,000ListingRemovedAgent Provided
01/18/2012$5,450,000PriceChange
Agent Provided
07/26/2011$5,950,000PriceChange
Agent Provided
02/15/2011$5,795,000Listed For SaleAgent Provided
01/07/2011$5,795,000ListingRemovedAgent Provided
09/12/2010$5,795,000Listed For SaleAgent Provided
03/12/2010$6,900,000ListingRemovedAgent Provided
12/23/2009$6,900,000Listed For SaleAgent Provided
04/17/2009$6,900,000ListingRemovedAgent Provided
04/14/2009$6,900,000Listed For SaleAgent Provided
11/22/2007$6,900,000ListingRemovedAgent Provided
11/14/2007$6,900,000Listed For SaleAgent Provided
09/18/2001$1,232,600Sold
N/A
08/06/1997$878,100Sold
N/A
03/03/1994$700,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$142,459
Assessment$8,715,760
Home facts updated by county records

Comparable Sales for 586 Sabal Palm Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.22
Single-Family Home
$9,100,000
12/27/23
6
8
6,574
0.20
Single-Family Home
$9,500,000
03/22/24
5
5
5,266
0.50
Single-Family Home
$11,100,000
07/06/23
5
6
4,835
0.11
Single-Family Home
$5,130,725
03/19/24
3
3
2,497
0.31
Single-Family Home
$15,000,000
08/15/23
6
9
10,416
0.64
Single-Family Home
$5,500,000
09/07/23
6
5
4,480
0.35
Single-Family Home
$4,250,000
01/16/24
4
3
1,896
0.53
Single-Family Home
$2,600,000
01/26/24
5
6
2,764

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Upper Eastside

  • Paulo Vega
    "Best in Miami, safe, up and coming, local and international. Easy and close to downtown, airport etc "
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  • Trulia User
    "People walk there dogs all times of day and night. They pick up their dog’s waste. Lots of pit bulls 💗"
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  • Trulia User
    "It’s nicely located to the farmers market, amazing restaurants and the grocery store. It’s quite and peaceful "
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  • Trulia User
    "Used to be a lot worse but new developments and unique businesses are bringing in a different demographic , gaining popularity and slowly cleaning the area. "
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  • Trulia User
    "I’ve love living with in Belle Meade. It’s an urban paradise. It’s location and the homes, landscape and overall curb appeal makes this a very attractive and desirable place to live. Been here 30+ years. "
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  • Trulia User
    "Farmers Market, location, restaurants and safety are the most remarkable characteristics of this lovely neighborhood."
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  • Ericvillafane
    "Quiet, diverse, safe, upcoming, great value for your money. I have managed and own property in the area for the last 10 years and have seen the change for the best. Thee is no garbage or litter on the street or sidewalks, an amazing assortment of restaurants, Farmers Market at Legion Park on Saturday includes a free outdoor yoga class!"
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  • Willie M.
    "More dog parks and more pet friendly units. That well help a great deal for everyone living here and those who inquire"
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  • Leonam
    "There are a lot of space for walking, beautiful and safe place to live with a high sense of family oriented neighborhood "
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  • Susan
    "The Saturday Farmers Market is a popular meeting place for Upper Eastsiders. It has grown from a fresh produce market now with ethnic foods and spices, and boutique wear from India and Indonesia. Every 4th of July the neighborhood throws a potluck party at Baywood Park culminating in fireworks seen over Biscayne Bay. "
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  • Neighbor
    "I work on the beach side.It takes me 20 min to get to work, easy, short and pleasant commute. Even during rush hour the traffic flows. "
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  • Susan
    "There are several wonderful parks and well-rated schools, tree-lined streets with limited traffic great for strolling and safe for children. "
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  • Danie
    "It’s emerging and in an organic unique way. It’s old Florida and new Miami mashed up. It’s close to so many things it’s walkable. You actually see people walking "
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  • Victoria R. M.
    "I live in the towers on Bayshore Ct and they are not great. Management is not good. Area is generally nice but some streets are sketchy. "
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  • Luz C.
    "all is quite and you have all you need very near. the folks are great. For 3 years I've never has problem"
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  • Taniavaquero
    "Their are many families , living here. People have pride up keeping their homes. Lot pet lover as well."
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  • Avellanruby
    "Right next to water, area is quiet and east side pizza is around the corner! Wings from there are amazing! "
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  • Juliana D. s.
    "Feels very residential still close to midtown/downtown area. Light traffic during rush hours and easy access from main highways."
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  • Avellanruby
    "Right next to water, love the Mediterranean and Caribbean mix also the bridges and overall scenery . It looks like a scene out of a movie "
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LGBTQ Local Legal Protections

Albert Justo, One Sotheby's International Re
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
586 Sabal Palm Rd, Miami, FL 33137 is a 7 bedroom, 6 bathroom, 5,964 sqft single-family home built in 1970. 586 Sabal Palm Rd is located in Upper Eastside, Miami. This property is currently available for sale and was listed by MIAMI on Feb 7, 2024. The MLS # for this home is MLS# A11528585.