Best of Luxury Realty

Overview

Status: Backup

A backup offer is when a home seller has accepted an offer from a buyer, but is still accepting offers from other buyers. Sellers state that they are accepting backup offers if they think the current offer may fall through.
Parking 2
Size: 2,608 ft²/242.29 m²
Price Per: $3,257.29 ft²/$35,061.14 m²
Type: Single Family Home
Built: 1950
HOA: No info
MLS Number: A11466958
View Intercoastal, Ocean, Water
On Site: 414 days
Updated: 12 Days Ago
Page Views: 8

This spectacular waterfront home has been totally renovated with a construction upgrade of a new entrance and third floor railings in 2019. All the bedrooms are in suites and facing the open bay. 5 bed 5 1/2 bath with rooftop terraces. 36 x 24 CARIBBEAN BLUE marble & wood floors throughout. Beautiful kitchen with top of the line appliances, granite counter tops, impact windows, storage room, sound system, brand new back-up generator installed in 2023, new dock and a 50 linear foot seawall. New floating lift that holds up to 25, 000 lbs, and a floating dock for 2 jet ski. The Second and third floor of the house were built in 1989. With breathtaking views this beautiful property is ready for a new owner. Come enjoy the gorgeous view of the bay, and Miami.

Development Amenities

Development Amenities:

Common Laundry
Elevators
Laundry
Pool

Price History

Date	Event	Price	Change Rate	Price Per
09/16/2024	Price Increased	$8,495,000.00	7.5%	$1,998.82 ft²/$21,515.17 m²
05/14/2024	Price Reduced	$7,900,000.00	2.5%	$1,858.82 ft²/$20,008.22 m²
04/10/2024	Price Reduced	$8,100,000.00	9.0%	$1,905.88 ft²/$20,514.76 m²
01/12/2024	Price Reduced	$8,900,000.00	9.2%	$2,094.12 ft²/$22,540.90 m²
10/10/2023	Listed	$9,800,000.00		$2,305.88 ft²/$24,820.32 m²

Features

Property Details for 277 N Coconut Ln, South Beach, FL 33139

Riviera, Single Family Home current status is ActiveUnderContract, 277 N Coconut Ln is a Single Family Home in , South Beach, FL 33139 with property MLS ID# A11466958. This 4250square foot Single Family Home sits on a 7000 square foot lot and features 5 bedrooms and 5.5 bathrooms. This Single Family Home has been listed on Best of Luxury Realty since October 10, 2023 and is currently priced at 8,495,000. This property was built in 1950.

Bedrooms
Bedrooms: 5
Bedroom Description: No info

Bathrooms
Full Bathrooms: 5
Half Bathrooms: 1
Master Bathroom Description: No info

Exterior and Lot Features
Exterior Features: Balcony, Security High Impact Doors, Outdoor Shower, Other
View: Intercoastal, Ocean, Water

Interior, Heating and Cooling
Interior Features: Bedroom On Main Level, First Floor Entry, Tub Shower
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Trash Compactor, Washer
Heating Description: Central
Cooling Description: No info

Building and Construction
Floor Description: Marble
Windows/Treatment: No info
Construction Type: No info
Year Built: 1950

Waterfront and Water Access
Waterfront Property: Yes
Waterfront Frontage: No info
Waterfront Description: Ocean Access, Other, Seawall
Water Access: Public
Water Description: No info

School Information
Elementary School: No info
Middle School: No info
High School: No info

Other Property Info
Community Name: Riviera
Subdivision Name: RIVIERA 1ST & 2ND ADDN AM
Property Type: Single Family Home
Property Subtype: Residential
Type of Association: Homeowners
Garage Spaces: 2
Listing Date: 10/10/2023
Pets Allowed: No
Area: 42
Brokered By: Compass Florida, LLC.
Legal Description: RIVIERA 1ST & 2ND ADDN AMD PB 32-37 LOT 11 & 20FT STRIP ADJ BLK 2A PER DB 1501-479 LOT SIZE 50.000 X 140

Taxes, Fees & More
Maintenance/HOA Fees: No info
Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $68,118.00 (2022)
Real Estate Taxes: No info
Style Tran: No info
Special Information: No info
Security Information: No info
Pet Restrictions: No info
Unit Design: No info
Front Exposure: No info
Model Name: No info
Previous List Price: No info
Parking Description: Driveway, Detached, Garage

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Area Specialist

Buyer/Tenant Etiquette

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Tracey Schmitt

Real Estate Advisor

Office: (305) 407-1657

Email: tracey@bestofluxuryrealty.com

Specialties:

Luxury Oceanfront Communities, Waterfront Single Family Homes

Memberships:

Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild

This property is courtesy of the Compass Florida, LLC.. This listing has been viewed 8 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Special Markers:

*Just Listed: New properties that came on the market within the last 15 days.
*Decrease/Increase: Listing values that are being calculated based on recorded price changes.
*Foreclosures/Short Sale: Please note, all properties are subject to bank approval. Buyers must be pre-approved or show proof of funds before submitting an offer.