NOT LISTED FOR SALE

One Ocean 1 Collins Ave Unit CU3 Miami Beach, FL 33139

South Pointe Neighborhood

Estimated Value: $5,682,918

-- Bed
-- Bath
-- Sq Ft
2016 Built

Last Sold April 25, 2018

Last sale price $115

Est. 4,941,568% increase in value since last sale

Current estimated payment $37,574/month

136 Days on Market

Highlights

  • Valet Parking
  • Newly Remodeled
  • No HOA
  • South Pointe Elementary School Rated A-
  • Corner Lot
  • 4-minute walk to South Pointe Park

About This Home

As of April 2018

Exciting rental opportunity to lease a retail space for a high-end Restaurant & Lounge in upscale South of 5th neighborhood in Miami Beach. Located in the newly constructed ONE OCEAN building, this space offers a fine dining experience, both indoors and outdoors. Construction design include interior main dining area and bar with 73 seats, 3,790 sf open-air terrace with 132 seats both lounge and tables, and permitted outdoor bar. All constructions plans & permit are approved and impact fee paid, construction is 80% ready. Tenant next door (cu1&cu2) will be Nusr-Et Steakouse, walking distance to some of the nation's Top restaurants: Joe's Stone Crab, Prime 112, Smith & Wollensky, Milos, Fogo de Chao, KOSUCHI, Cibos and Forte dei Marmi, etc.

Last Agent to Sell the Property

Americo Dagostini

A & D Group Realty LLC License #3014532 Listed on: 12/04/2017

Co-Listed By

Domenico Albano

A & D Group Realty LLC License #3195134

Last Buyer's Agent

Domenico Albano

A & D Group Realty LLC License #3195134

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $68,070

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • Corner Lot
  • Property is zoned COMM

Home Design

  • Concrete Roof

Interior Spaces

  • 1-Story Property
  • Concrete Flooring

Utilities

  • 200+ Amp Service

Listing and Financial Details

  • Tenant pays for assessment fees, common area maintenance, real estate tax, sales tax, trash collection, water
  • Assessor Parcel Number 02-4203-371-0520

Community Details

Overview

  • No Home Owners Association
  • One Ocean Condos

Additional Features

  • Valet Parking
  • Triple Net Lease (NNN)

Property Details

Property Type

Other

Est. Annual Taxes

$68,070

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 2016
  • Property Sub Type: Lease
  • Business Type: Commercial/Residential Income, Retail Space
  • Co List Office Mls Id: ADRG01
  • Co List Office Phone: 305-372-9202
  • Directions: ONE OCEAN building is located in famous OCEAN Drive and South Pointe Drive. Retails CU3 is just facing the corner of High traffic exposures on both Collins Ave and South Pointe Drive.
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Road Frontage Type: City Street
  • Building Stories: 1
  • Structure Type: Lease
  • Year Built Details: New Construction
  • ResoPropertyType: CommercialSale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Concrete
  • Possible Use: Primary
  • Stories: 1

Exterior Features

  • Roof: Concrete
  • Lot Features: Corner Lot
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: ONE OCEAN
  • Parking Features: Valet

Utilities

  • Electric: 200+ Amp Service
  • Electricity On Property: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-4203-371-0520
  • Current Use: Commercial Lease
  • Land Lease: No
  • Zoning: COMM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Assessment Fees, Common Area Maintenance, Real Estate Tax, Sales Tax, Trash Collection, Water
  • Lease Term: 7-10 Year Lease

Multi Family

  • Existing Lease Type: NNN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2022
Sold by
Sofi Retails Llc
Bought by
Aagca Llc
Total Days on Market
136
Current Estimated Value
$5,682,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,828,000
Outstanding Balance
$1,714,002
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$3,999,643
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Aagca Llc $4,500,000 Steinberg & Associates Pa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aagca Llc $1,828,000
Closed Aagca Llc $2,285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2018 04/25/18 Sold $115 -4.2% --
11/30/2017 11/30/17 For Sale $120 0.0% --
02/01/2016 02/01/16 Rented $115 -8.0% --
02/01/2016 02/01/16 Under Contract -- -- --
12/23/2015 12/23/15 For Rent $125 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $68,070 $2,166,635 -- --
2023 $68,070 $3,602,200 $0 $0
2022 $39,458 $2,100,000 $0 $0
2021 $40,547 $2,100,000 $0 $0
2020 $40,655 $2,100,000 $0 $0
2019 $40,695 $2,100,000 $0 $0
2018 $39,489 $2,100,000 $0 $0
2017 $39,990 $2,100,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Americo Dagostini

    Seller's Agent in 2018

    Americo Dagostini

    A & D Group Realty LLC

    (786) 897-1843

    29 Total Sales

    Americo Dagostini
    Section Image

  • D

    Seller Co-Listing Agent in 2018

    Domenico Albano

    A & D Group Realty LLC

    (305) 720-5375

    1 in this area

    19 Total Sales

    Domenico Albano
    Section Image
  • Maria Betancourt

    Buyer's Agent in 2016

    Maria Betancourt

    BHHS EWM Realty

    (954) 665-4162

    17 Total Sales

    Maria Betancourt
    Section Image
See All Agents

About One Ocean

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10380437

MIAMI REALTORS® MLS

APN: 02-4203-371-0520

Florida Miami/Dade County Miami Beach 33139 South Pointe

1 Collins Ave Unit CU3, Miami Beach, FL

This home is located at 1 Collins Ave Unit CU3, Miami Beach, FL 33139 since 04 December 2017 and is currently estimated at $5,682,918. This property was built in 2016. 1 Collins Ave Unit CU3 is a home located in Miami-Dade County with nearby schools including South Pointe Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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