640 Sabal Palm Road, Miami, FL 33137

$12,500,000
Property Type: Residential Bedrooms: 8 Baths: 7 Square Footage: 9,638 Status: Closed
Current Price: $12,500,000 List Date: 6/02/2024 Last Modified: 8/29/2026

Overview

Description

Development opportunity sold "as-is" land value. 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. Build your masterpiece in the most exclusive neighborhood in Miami just steps away from the beach, city, dining and shopping.

Supplements: For the most discerning buyers, Bay Point is a private gated community that own's their roads and is steeped in rich history.

Listing Details MLS# A11598803

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
8
Bathrooms Total
7
Bathrooms Full
6
Bathrooms Half
Yes
Building Area Main
9638
Living Area Main
7784
Adjusted Area Main
7735
Year Built
1987
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
4
Covered Spaces
4
Lot Size Area
21500
Lot Size Acres
0.49
Senior Community YN
Yes
Waterfront YN
Yes
Water Frontage Feet
100
Outdoor Living Spaces YN
Yes
Stories Total
2
Direction Faces
West
Pool Private YN
Yes
Furnished
Unfurnished

Property Features

Application Information: Association Approval Required Exterior Features: Lighting Flooring: Marble Parking Features: Driveway; Golf Cart Garage; Guest; Attached; Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Refrigerator Architectural Style: Other Boat and Dock Features: Private Dock Construction Materials: Block; CBS Cooling: Central Air; Electric Association Type: Homeowner Association Heating: Central; Electric Interior Features: French Doors; Walk-In Closet(s) Levels: Two Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Pool Features: Child Gate; Free Form; Gunite; In Ground Possession: Close Of Escrow; Negotiable Road Frontage Type: East of US-1 Roof: Spanish Tile; Other Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Water Access: No Fixed Bridge; Ocean Access; Other Water Source: Public Water View: Bay; Intracoastal Waterfront Features: Bayfront; Intracoastal; Navigable Water Showing Requirements: 24 Hour Notice; Appointment Only Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Contingencies: None Room Types: Den; Family Room; Great Room; Maid/In-Law Quarters Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
15500000
Occupant Type
Vacant

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
Special Assessment YN
No
Parcel Number
0132190080540
Subdivision Number
8
Zoning
0100
Flood Zone
AE,VE
Directions
Private gated community. Picture ID required at front gate.

Financial Information

Association YN
Yes
Association Fee
6588
Association Fee Frequency
Annually
Association Membership
Mandatory
Estimated Monthly Assoc Recurring Fee
549
Membership Fee Required YN
No
Tax Annual Amount
112531
Tax Year
2022
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
2024-10-17T09:05:47Z
Major Change Type
Status Change
Price Change Timestamp
2024-05-31T23:55:03Z
Status Change Date
2024-10-18
Under Contract Date
2024-09-04
Close Date
2024-10-17
Close Price
12500000
Buyer Financing
Seller Financing

More Information

Entry Information

Entry Level
Yes

Boat and Dock Information

Dock
Yes

Pool Size Details

Pool Size (WxL)
30x40

Buyer Details

Intended Use
Investment
Buyer State
Florida
Zip Code
33138

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
1605.86

Section Details

Parcel Number MLX
0540

Originating Details

Originating System Key
396600262
Originating System ID
M00000151

Room Information

Room Name
Den
Family Room
Great Room
Maid/In-Law Quarters
IDX
Listing Office: BrokerNation Real Estate
Last Updated: August - 29 - 2026
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