8 months on rocket

12575 Palm Rd, North Miami, FL, 33181

$7,990,000

7 Bedrooms
6 Full Baths, 1 Partial
6,530 SqFt
$1,224/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Driveway, Garage
Attached Garage2 spaces
Year Built2024
HeatingCentral
CoolingCentral Air, Electric
WaterfrontWater Access
ViewIntercoastal
MLS #A11567080
StatusActive

About 12575 Palm Rd

Step Inside With Me! Presenting an exquisitely crafted, newly constructed home on Keystone Point. White oak, travertine and coral stone are optimally balanced throughout this never before lived-in abode masterfully developed by Gregg Covin. Ideal for hosting, the interiors greet with 12ft ceilings, a floating staircase, paneled walls, and sleek social areas with serene water views. Custom millwork and an eat-in island + breakfast table define the contemporary kitchen. A fireplace lounge leads to the spacious primary suite with abundant natural light, midnight bar, travertine clad bath with dual vanities, & 2 walk-in closets. An impressive 7 bedrooms allow for versatility in living. Sun bathe and grill at the pool setting alongside privacy hedges, a new dock & 75 feet of long-water views.

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, Two Story
  • Year Built: 2024
  • Stories: 2
  • Living Area: 6,530 SqFt

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (305) 695-6075
  • Listing Agent: Dina Goldentayer

Interior Features

Interior Information:

  • Appliances: Oven, Dryer, Dishwasher, Gas Range, Microwave, Refrigerator, Washer
  • Flooring Type: Tile, Wood
  • Interior: Dining Area, Separate/Formal Dining Room, Dual Sinks, Eat-in Kitchen, Kitchen Island, Custom Mirrors, Sitting Area in Primary, Separate Shower, Upper Level Primary, Bar, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Waterfront: Water Access
  • View: Intercoastal
  • Exterior: Balcony, Security/High Impact Doors, Lighting

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Driveway, Garage

Virtual/3D Tour

  • Virtual Tour: 12575 Palm Rd
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Electric

Price Information

Listing Price Info

Price Summary:

  • List Price: $7,990,000
  • Price Per SqFt: $1,224/SqFt

Tax Information:

  • Annual Amount: $8,242
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in North Miami, FL.

Med. Sold Price

$433.5K

Med. Price/SqFt

$326

Avg. Days On Market

54

# of Sold Homes

19

12575 Palm Rd vs North Miami

250 DAYS ON ROCKET

+196 Days

$7,990,000

+$7.5M More

$1,224/SqFt

+$897 More

KEY TAKEAWAY

This property is $7.5M more than the Median Sold Price and $897/SqFt more than other homes in North Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11567080

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (305) 695-6075
  • Listing Agent: Dina Goldentayer

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$8,242$360,196
2018$7,779$345,533
2017$7,727$338,427

History based on county public records data.

Payment Calculator

$39.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$24K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4344445
7
/10
  • Natural Bridge Elementary School

  • 1650 NE 141st St

  • 1.15 miles

  • Public District Grades PK-5

school-card-donut-4344446
5
/10
  • W. J. Bryan Elementary School

  • 1201 NE 125th St

  • 1.22 miles

  • Public Magnet Grades PK-5

school-card-donut-4344447
10
/10
  • Ruth K. Broad/Bay Harbor K-8 Center

  • 1155 93rd St

  • 1.47 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,714. Most North Miami, FL residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 12575 Palm Rd

What is the listing price of this property?

The listing price of 12575 Palm Rd property is $7,990,000.

What type of property is this?

The property 12575 Palm Rd is a house located in North Miami, Florida, 33181.

Is this property for sale now?

Active Listing: 12575 Palm Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $8,242 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 12575 Palm Rd has 7 bedrooms and 6 full and 1 half bathrooms.

What is the square footage of this property?

The property 12575 Palm Rd is 6,530 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 12575 Palm Rd is 2024.
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Rocket HomesFloridaMiami-Dade CountyNorth Miami3318112575 Palm Rd

This home is located at 12575 Palm Rd in North Miami, FL and zip code 33181 in the Keystone Pointe neighborhood. This 6,530 square foot home was built in 2024. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $7,990,000.

While more than 4 listings in North Miami, FL in November 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 12 were sold below. The inventory of homes for sale in North Miami, FL between October 2024 and November 2024 increased by 4.7%. Listings spent 54 days on the market in November 2024, and had a median list price of $433,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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