2 months on rocket

586 Sabal Palm Rd, Miami, FL, 33137

$17,000,000

7 Bedrooms
5 Full Baths, 1 Partial
5,964 SqFt
$2,850/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Garage Door Opener
Garage3 spaces
Year Built1970
HeatingCentral
CoolingCentral Air
WaterfrontOther
ViewBay, Ocean, Other
MLS #A11528585
StatusActive

About 586 Sabal Palm Rd

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1970
  • Stories: 2
  • Living Area: 5,964 SqFt

Listing Office:

  • Office Name: One Sotheby's International Re
  • Office Phone: (305) 538-9711
  • Listing Agent: Albert Justo

Interior Features

Interior Information:

  • Appliances: Oven, Dryer, Dishwasher, Gas Range, Microwave, Other, Refrigerator, Washer
  • Flooring Type: Other
  • Interior: Bidet, Built-in Features, Bedroom on Main Level, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Eat-in Kitchen, Kitchen Island, Living/Dining Room, Pantry, Split Bedrooms, Separate Shower, Upper Level Primary, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Waterfront: Other
  • View: Bay, Ocean, Other
  • Exterior: Awning(s), Fruit Trees, Lighting, Outdoor Grill, Other, Patio

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Driveway, Garage Door Opener

Virtual/3D Tour

  • Virtual Tour: 586 Sabal Palm Rd

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Booker T. Washington Senior High School, Public Magnet Grades 9-12
  • Horace Mann Middle School, Public Magnet Grades 6-8
  • Morningside K-8 Academy, Public Magnet Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $17,000,000
  • Price Per SqFt: $2,850/SqFt

Tax Information:

  • Annual Amount: $111,332
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

Med. Sold Price

$540K

Med. Price/SqFt

$380

Avg. Days On Market

59

# of Sold Homes

883

586 Sabal Palm Rd vs Miami

80 DAYS ON ROCKET

+21 Days

$17,000,000

+$16.4M More

$2,850/SqFt

+$2.4K More

KEY TAKEAWAY

This property is $16.4M more than the Median Sold Price and $2.4K/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11528585

Listing Office:

  • Office Name: One Sotheby's International Re
  • Office Phone: (305) 538-9711
  • Listing Agent: Albert Justo

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 6:25:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$111,332$5,209,464
2018$109,921$5,229,883
2017$121,664$5,725,205

History based on county public records data.

Payment Calculator

$84.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$51K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1493137
6
/10
  • Morningside K-8 Academy

  • 6620 NE 5th Ave

  • 1.52 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-1493138
2
/10
  • Horace Mann Middle School

  • 8950 NW 2nd Ave

  • 3.07 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1493139
3
/10
  • Booker T. Washington Senior High School

  • 1200 NW 6th Ave

  • 2.31 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,364. The majority of Miami, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 586 Sabal Palm Rd

What is the listing price of this property?

The listing price of 586 Sabal Palm Rd property is $17,000,000.

What type of property is this?

The property 586 Sabal Palm Rd is a house located in Miami, Florida, 33137.

Is this property for sale now?

Active Listing: 586 Sabal Palm Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 586 Sabal Palm Rd are:
Morningside K-8 Academy: GreatSchools Rating 6/10
Horace Mann Middle School: GreatSchools Rating 2/10
Booker T. Washington Senior High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $111,332 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 586 Sabal Palm Rd has 7 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 586 Sabal Palm Rd is 5,964 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 586 Sabal Palm Rd is 1970.
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Rocket HomesFloridaMiami-Dade CountyMiami33137586 Sabal Palm Rd

This home is located at 586 Sabal Palm Rd in Miami, FL and zip code 33137 in the Bay Point neighborhood. This 5,964 square foot home was built in 1970. Features: 7 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since February 07, 2024 and is currently priced at $17,000,000.

While more than 115 listings in Miami, FL in March 2024 were sold above asking price, there were more than 149 listings sold at asking price, and more than 619 were sold below. In March 2024 in Miami, FL there were 9.1% more homes for sale than in February 2024. Listings spent 59 days on the market in March 2024, and had a median list price of $540,091 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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