640 Sabal Palm Road, Miami, FL 33137 (MLS# A11598534)

640 Sabal Palm Road, Miami, FL 33137

$12,500,000

Virtual Tour

https://www.dropbox.com/scl/fi/ivt1119qgc82pwsvja4x4/640-Sabal-Palm-Rd-Miami-FL-33137-UNBRANDED-NEW.mp4?rlkey=kp4nk6uvg6lcd2gv3g1j4nwo9&st=2c3pby0c&dl=0

Property Type: Land & Docks Lot Size (sq. ft.): 21,500 Status: Closed

Current Price: $12,500,000 List Date: 6/03/2024 Last Modified: 6/01/2026

Overview

Description

Waterfront development opportunity! Offered "as-is" land value. One-of-a-kind offering in the coveted and exclusive 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. Build your masterpiece in the most exclusive gated community in Miami!

Supplements: Exquisitely appointed location for the most discerning buyer. Private, exclusive, gated waterfront community right in the heart of Miami!

Listing Details MLS# A11598534

General Property Information

Property Sub Type: Unimproved Land
Number Of Lots: Yes
Lot Size Acres: 0.5
Lot Size Square Feet: 21500
Lot Size Dimensions: 21500
Waterfront YN: Yes
Water Frontage Feet: 100
Direction Faces: South
LP/SqFt: 720.93

Property Features

Current Use: Check Land Use Plan; Residential; Single Family Development Status: Recorded Plat Fencing: Fenced Land Fill: Fill Unknown Other Structures: Other Possession: Close Of Escrow; Negotiable Trees: Mango; None; Other Boat and Dock Features: Private Dock Listing Terms: Cash; Conventional; Owner Will Carry Lot Features: Build to Suit; Other Road Surface Type: Paved Water Access: No Fixed Bridge; Ocean Access Waterfront Features: Bayfront; Navigable Water; Seawall Showing Requirements: Call Listing Agent; Showing Service Contingencies: None Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 15500000
LP/Acre: 31000000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 640
Street Name: Sabal Palm
Street Suffix: Road
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33137
Postal Code +4: 3354
Postal Zip: 33137
Subdivision Name: BAY POINT
Area: 2320
Elementary School: Morningside K-8 Academy (Miami-Dade)
Middle Or Junior School: Horace Mann
High School: Booker T. Washington
Parcel Number: 0132190080540
Subdivision Number: 8
Zoning: 0100
Flood Zone: AE,VE
Directions: Private gated community. Picture ID required for access.

Financial Information

Association YN: Yes
Tax Year: 2022
Tax Annual Amount: 112531
Tax Legal Description: BAY POINT PB 40-63 LOT 16 BLK 3 AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE 100.000 X 215 OR 18291-3609 0898 1 COC

Status Change Information

Major Change Timestamp: 2024-10-17T07:41:11Z
Major Change Type: Status Change
Status Change Date: 2024-10-18
Under Contract Date: 2024-09-04
Close Date: 2024-10-17
Close Price: 12500000
Buyer Financing: Seller Financing
SP/Acre: 25000000

More Information

Boat and Dock Information

Dock: Yes

Buyer Details

Intended Use: Investment
Buyer State: Florida
Zip Code: 33138

Concessions

Seller Concessions: No

Section Details

Parcel Number MLX: 0540

Originating Details

Originating System Key: 396580646
Originating System ID: M00000151

Listing Office: BrokerNation Real Estate

Last Updated: June - 01 - 2026

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