NOT LISTED FOR SALE

Estimated Value: $3,343,040 - $4,084,000

3 Beds
2.5 Baths
1,894 Sq Ft
2016 Built

Sale Details

Date Sold: February 1, 2022

Last sale price $3,125,000 $1,650 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $26,608 / mo

466 Days on Market

Highlights

  • Doorman
  • Community Cabanas
  • Built in 2016 | Newly Remodeled
  • South Pointe Elementary School Rated 9+
  • Fitness Center
  • 4-minute walk to South Pointe Park

About This Home

As of February 2022

One Ocean is South Beach's newest premier luxury condominium. This professionally decorated unit by renowned Designer Christine Pape is a stunning 3 bed/2.5 baths with a private elevator entrance, wolf & sub-zero appliances, wine fridge, select stone counters in the kitchen & bathrooms. Over $350,000 in value of upgrade done in the unit. Sunlit with expansive windows, and a spacious terrace (+/- 256 sf) overlooking the pool. One Ocean with has full concierge/valet services, beach club at the Hilton Bentley Beach Hotel, state of the art fitness and sauna. Enjoy living in this boutique high end building walking distance to the beach, South Pointe Park and some of the best restaurants in town. One Ocean Residence is ideally located in the heart of the sought after South of Fifth neighborhood.

Last Agent to Sell the Property

Simon Karam

Fininvest Realty Corp. License #3254575 Listed on: 09/08/2020

Last Buyer's Agent

Samuel Ruk

Riviera Horizons LLC License #3367511

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $29,333

Year Built

  • Built in 2016 | Newly Remodeled

HOA Fees

  • $3,015 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Automatic Garage Door Opener
  • Secured Garage or Parking
  • Assigned Parking

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,894 Sq Ft Home
  • Built-In Features
  • Entrance Foyer
  • Dryer

Kitchen

  • Microwave
  • Free-Standing Freezer
  • Dishwasher

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry

Home Security

Accessible Home Design

  • Accessible Elevator Installed
  • Handicap Accessible

Outdoor Features

  • Courtyard
  • Deck
  • Exterior Lighting
  • Outdoor Grill

Additional Features

  • Southeast Facing Home
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-371-0240

Community Details

Overview

  • Mid-Rise Community
  • One Ocean Condos
  • South Of Fifth Subdivision
  • Car Wash Area
  • 7-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Sauna
  • Trash Chute
  • Lobby
  • Secure Lobby
  • Elevator

Recreation

  • Community Cabanas
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$29,333

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0 Sq Ft Lot

HOA Fees

$3,015 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: SOUTH OF FIFTH
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Free-Standing Freezer, Microwave, Refrigerator
  • Interior Amenities: Lobby, First Floor Entry, Built-in Features, Closet Cabinetry, Elevator, Fire Sprinklers, Entrance Foyer, Handicap Accessible, Split Bedroom
  • Accessibility Features: Handicap Accessible
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Foyer
  • Flooring: Marble, Tile
  • Furnished: Unfurnished
  • Living Area: 1894
  • Other Equipment: Automatic Garage Door Opener, Elevator
  • Possible Use: Primary
  • Stories: 7
  • Bedroom Features: Other

Exterior Features

  • View: Other View, Pool Area View
  • Exterior Features: East Of Us1, Barbeque, Courtyard
  • Direction Faces: Southeast
  • Patio And Porch Features: Deck
  • Pool Private: Yes
  • Property Condition: Updated/Remodeled, New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: ONE OCEAN
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Parking-Under Building

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Fuse Box
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Fire Sprinklers, Doorman, Secured Garage/Parking, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 3015
  • Amenities: Barbecue, Cabana, Elevator(s), Exercise Room, Heated Pool, Exterior Lighting, Pool, Private Pool, Sauna, Spa/Hot Tub, Trash Chute, Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-371-0240
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 29333

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Feb 1, 2022
Sold by
Bought by
Seller's Agent
Simon Karam
Fininvest Realty Corp.
Buyer's Agent
Samuel Ruk
Riviera Horizons LLC
List Price
$2,900,000
Sold Price
$3,125,000
Premium/Discount to List
$225,000
7.76%
Current Estimated Value
$3,648,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$523,010
Avg. Annual Appreciation
3.51%

Purchase Details

Closed on
Apr 19, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
0.0512%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,125,000 Seagull Title
$2,100,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,500,000
Previous Owner $1,440,000
Previous Owner $1,190,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2022 02/01/22 Sold $3,125,000 -0.8% $1,650 / Sq Ft
12/18/2021 12/18/21 Pending -- -- --
03/14/2021 03/14/21 Price Changed $3,149,000 +5.0% $1,663 / Sq Ft
01/25/2021 01/25/21 Price Changed $2,999,999 +11.2% $1,584 / Sq Ft
10/30/2020 10/30/20 Price Changed $2,699,000 -6.9% $1,425 / Sq Ft
09/08/2020 09/08/20 For Sale $2,900,000 +61.1% $1,531 / Sq Ft
03/14/2017 03/14/17 Sold $1,800,000 -28.0% $874 / Sq Ft View Prior Sale
02/12/2017 02/12/17 Pending -- -- --
10/06/2016 10/06/16 For Sale $2,500,000 -- $1,214 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $44,589 $2,456,393
2024 $49,134 $2,414,062
2023 $49,134 $2,343,750 $0 $0
2022 $33,352 $1,564,479 $0 $0
2021 $30,224 $1,556,819 $0 $0
2020 $30,259 $1,816,416 $0 $0
2019 $29,333 $1,513,680 $0 $0
2018 $28,770 $1,530,000 $0 $0
2017 $29,136 $1,800,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10923855

MIAMI REALTORS® MLS

APN: 02-4203-371-0240

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