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

640 Sabal Palm Road, Miami, FL 33137

$12,500,000
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

Office/Member Information

DXORIGMLSID
SEF

Fencing

Fenced
Yes

Current Use

Check Land Use Plan
Yes
Residential
Yes
Single Family
Yes

Development Status

Recorded Plat
Yes

Land Fill

Fill Unknown
Yes

Other Structures

Other
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Trees

Mango
Yes
None
Yes
Other
Yes

Water Access

No Fixed Bridge
Yes
Ocean Access
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Owner Will Carry
Yes

Lot Features

Build to Suit
Yes
Other
Yes

Road Surface Type

Paved
Yes

Waterfront Features

Bayfront
Yes
Navigable Water
Yes
Seawall
Yes

Boat and Dock Features

Private Dock
Yes

Showing Requirements

Call Listing Agent
Yes
Showing Service
Yes

Contingencies

None
Yes

Acreage Description

1/2 To Less Than 1 Acre Lot
Yes
IDX
Listing Office: BrokerNation Real Estate
Last Updated: June - 01 - 2026
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