Home » Key Biscayne » 520 S Mashta Dr, Key Biscayne, FL 33149 | A11684094

For Sale 520 S Mashta Dr, Key Biscayne, FL 33149

$18,900,000
Price has decreased by $1,100,000

Property Highlights

Listing ID A11684094 Status of this Listing: Active For Sale Property Type Residential Single Family House 5 Bedrooms 4 Bathrooms Total 4 Full Bath Living Space 3,085 Sqft/286.61 m2 approx. Building Area 4,177 Sqft/388.06 m2 approx. Lot area 22,140 Sqft/2056.87 m2 approx. POOL Year Built 1961 Waterfront Has view of the Ocean Time of this property on Rebonus 97 Day(s)

520 S Mashta Dr, Key Biscayne, FL 33149

Property Description: Seize the rare chance to create your dream estate on one of the largest lots in Key Biscayne 's prestigious Mashta Island community. This 23,263-square-foot property features 138 feet of pristine water frontage, offering breathtaking open-water views—an ideal backdrop for a grand residence. Collaborate with the renowned Corazzini & Associates, known for their award-winning designs that merge elegance with functionality. Enjoy spectacular sunsets visible throughout your home, perfect for relaxation and entertaining. Included are fully approved plans and permits for a stunning 8-bedroom, 8.5-bath, 10,000-square-foot estate, ensuring a seamless start to your vision. Don’t miss this once-in-a-lifetime opportunity to establish a legacy in one of South Florida 's most prestigious enclaves.

Useful Info

Previous Asking Price:$20,000,000
Original List Price:$20,000,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • One Story
Construction Materials:
  • Block
Flooring:
  • Tile
Stories:1

Property Features

Has View:Yes
View from the Property:
  • Ocean
  • Bay
Waterfront:Yes
Waterfront Features:
  • Seawall
  • Bayfront
Frontage Length:138
Swimming Pool Features:
  • Pool
  • In Ground
Appliances:
  • Other
Interior Features:
  • First Floor Entry
  • Split Bedrooms
  • Bedroom On Main Level
Exterior Features:
  • Security/high Impact Doors
Roof:
  • Barrel
  • Spanish Tile
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Property Entrance Faces:
  • East

Taxes and Expenses

Tax Annual Amount:$179,582

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects City & County Tax,Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Before Closing
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • No Pet Restrictions
Subdivision Name:MASHTA ISLAND A REPLAT OF
Community Features:
  • Other
  • See Remarks
Senior Community:No
Restrictions:Ok To Lease

Parking

Garage:Yes
Garage Spaces:2
Covered Spaces:2
Parking Features:
  • Driveway

Utilities

Sewer:
  • Public Sewer
Water Source:
  • Public

More Details

Other Information:
Tax InformationTax Reflects City & County Tax,Tax Reflects No Exemptions
Housing Older Persons ActNo HOPA
Flood ZoneAE
Type of AssociationNone
Rooms DescriptionFamily Room
StyleWF/Pool/Ocean Access
FEMA Flood Zone DesignationsAE
Municipal Code24
Ref1092483796
Subdivision Number9
Water Access Description:Other

Zoning and Legal

Tax Legal Description:5-6 55 42 MASHTA ISLAND A REPLAT OF TRS A & C SELY35FT LOT 16 & ALL LT 17 BLK BLK 3 LOT SIZE 135.000 X 164 OR 15816-1278 1292 1
Real Estate Folio Number (Parcel Number):24-52-05-009-0170
Zoning Description:2001
Public Survey Township:24
Public Survey Range:52
Public Survey Section:5

Listing History

Update/EventDate/Days
Published Date:October 29, 2024 10:15 am
On Market Date:October 29, 2024
Price Change Date Time:January 6, 2025 10:53 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:January 6, 2025 10:53 am
Status Last Changed:October 29, 2024 10:15 am
Photos Last Modified:October 29, 2024 2:30 pm
Last Modified:January 6, 2025 3:53 pm
Days on the Market Reference Date:January 6, 2025
Days on the Market (updated on Last Modified*):69
Cumulative Days on the Market (updated on Last Modified**):69

Additional Information

Lot Size Range:1/2 To Less Than 3/4 Acre Lot
Number of Photos:46
Location:,,1/2 To Less Than 3/4 Acre Lot
Included:,,
Area:52
Courtesy of:Douglas Elliman
Universal Property Id:US-12025-N-2452050090170-R-N

Location

Show Property Address:Yes
Street Name:Mashta Dr
Street Number:520
Street Direction Prefix:S
Street Address:520 S Mashta Dr
City : Key Biscayne
State : Florida
Zip Code : 33149
County : Miami-Dade
Full Address:520 S Mashta Dr, Key Biscayne, FL 33149
Latitude:N25° 41' 0''
Longitude:W81° 49' 38''

Neighborhood

Postal City:Key Biscayne

Property Map

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