$8,000,000
SOLD JUN 24, 2016
3 Beds
3.5 Baths
3,335 Sq Ft
$1,496/mo HOA Fee

Recently Sold

$2,399 Per Sq Ft

16% Below List Price

16 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Newly Remodeled
  • South Pointe Elementary School Rated A-
  • Fitness Center
  • 2-minute walk to South Pointe Park

About This Home

As of June 2016

PRICE DROP!! PRICED TO SELL FAST. Rare 3 bedroom unit, one of the biggest available in the building. High floor, priced to sell fast, below $ 3,000/sqft

Last Agent to Sell the Property

Christian Parth

MMLS Assoc.-Inactive Member License #3154900 Listed on: 03/22/2016

Last Buyer's Agent

Marion Ott

Douglas Elliman License #0617981

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $67,188

Year Built

  • Built in 2003 | Newly Remodeled

Lot Details

  • Ocean Front
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor

HOA Fees

  • $1,496 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Property Views

Interior Spaces

  • 3,335 Sq Ft Home
  • Built-In Features
  • Marble Flooring

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Accessible Elevator Installed
  • Property has ocean access
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-262-1090

Community Details

Overview

  • Continuum On South Beach Condos
  • 39-Story Property

Recreation

Pet Policy

  • Breed Restrictions

Building Details

Additional Features

  • Doorman
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$67,188

Year Built

Built in 2003 | Newly Remodeled

Lot Details

0

HOA Fees

$1,496 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 32
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Elevator, Fire Sprinklers
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble, Other
  • Furnished: Unfurnished
  • Living Area: 3335
  • Possible Use: Primary
  • Stories: 39
  • Bedroom Features: Other

Exterior Features

  • View: Bay, Ocean View
  • Exterior Features: Other
  • Pool Private: Yes
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Intracoastal Front, Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Continuum on South Beach
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Assigned

Utilities

  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Doorman

Condo/Co-op/Association

  • Association Fee: 1496
  • Amenities: Exercise Room, Heated Pool, Private Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-262-1090
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 1496

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 67188

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2016
Closed on
Jun 24, 2016
Sold by
Confil Llc
Bought by
Maruhn Detlef and Maruhn Martina
Seller's Agent
Christian Parth
MMLS Assoc.-Inactive Member
Buyer's Agent
Marion Ott
Douglas Elliman
List Price
$9,490,000
Sold Price
$8,000,000
Premium/Discount to List
-$1,490,000
-15.7%
Current Estimated Value
$9,127,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,127,433
Avg. Annual Appreciation
1.38%
Original Mortgage
$4,000,000
Outstanding Balance
$3,188,870
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,872,769

Purchase Details

Closed on
Jun 15, 2007
Sold by
Onceas Usa Inc
Bought by
Confil Llc

Purchase Details

Closed on
Mar 27, 2006
Sold by
Holster Robert M and Holster Carlotta D
Bought by
Onceas Usa Inc

Purchase Details

Closed on
Jan 21, 2003
Sold by
South Beach Ocean Parcel Ltd
Bought by
Holster Robert M and Holster Carlotta D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,462,500
Interest Rate
5%
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

Date Type Sale Price Title Company
Warranty Deed $8,000,000 Attorney
Warranty Deed $4,500,000 Attorney
Warranty Deed $4,400,000 Attorney
Special Warranty Deed $1,950,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,350,000 Future Advance Clause Open End Mortgage
Previous Owner $1,600,000 Unknown
Previous Owner $1,462,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2016 06/24/16 Sold $8,000,000 -11.0% $2,399 / Sq Ft
04/08/2016 04/08/16 Pending -- -- --
03/24/2016 03/24/16 Price Changed $8,990,000 -5.3% $2,696 / Sq Ft
03/22/2016 03/22/16 For Sale $9,490,000 -- $2,846 / Sq Ft
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
2025 $146,620 $7,055,644 -- --
2024 $131,509 $6,414,222 -- --
2023 $131,509 $5,831,111 $0 $0
2022 $113,355 $5,301,010 $0 $0
2021 $93,048 $5,277,352 $0 $0
2020 $120,197 $6,208,650 $0 $0
2019 $114,585 $5,913,000 $0 $0
2018 $120,092 $6,427,706 $0 $0
2017 $122,403 $6,427,706 $0 $0
2016 $86,101 $3,225,624 $0 $0
2015 $78,322 $2,932,386 $0 $0
2014 $67,189 $2,665,806 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10054605

MIAMI REALTORS® MLS

APN: 02-4203-262-1090