NOT LISTED FOR SALE

1005 8th St Unit 408 Miami Beach, FL 33139

Flamingo Neighborhood

Estimated Value: $632,000 - $727,000

2 Beds
2 Baths
1,110 Sq Ft
1997 Built

Sale Details

Date Sold: February 25, 2021

Last sale price $460,000 $414 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,861 / mo

63 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • Wood Flooring
  • End Unit
  • South Pointe Elementary School Rated 9+
  • Garden View
  • 4-minute walk to Canopy Park

About This Home

As of February 2021

Location, location, location. Extraordinary 2 Story Penthouse in the heart of South Beach. Boutique building with only 14 units on a quite residential street. This 2 bedroom 2 baths sun-drenched corner residence features floor to ceiling windows on 3 exposures, lush garden views, abundant outdoor living space, renovated baths & unique full floor master bedroom suite with private balcony and no shared walls. Top rated school district of South Pointe Elementary. Pet friendly, well managed building. Building recently went through extensive exterior renovation. Walking distance to the beach, Whole Foods, Trader Joe's, Target, restaurants, shops, etc. Access to major highways and only 15 min away from Miami International Airport.

Last Agent to Sell the Property

Gelena Epshteyn

One Chelsea Int'l Real Estate License #3316930 Listed on: 10/22/2020

Last Buyer's Agent

Ruth R.Johnson

Florida Realty of Miami Corp License #3166042

Florida Realty of Miami Corp

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,623

Year Built

  • Built in 1997

Lot Details

  • End Unit
  • South Facing Home

HOA Fees

  • $600 Monthly HOA Fees

Parking

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

Home Design

  • Split Level Home
  • Entry on the 4th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,110 Sq Ft Home
  • 4-Story Property
  • Partially Furnished
  • Built-In Features
  • Ceiling Fan
  • Garden Views
  • Video Cameras

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • South Pointe Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Additional Features

  • Balcony
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-218-0080

Community Details

Overview

  • 13 Units
  • Low-Rise Community
  • The Magnolia Condos
  • Magnolia Condo Subdivision

Amenities

  • Trash Chute
  • Elevator

Pet Policy

  • Dogs Allowed

Building Details

Security

  • Phone Entry
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,623

Year Built

Built in 1997

Lot Details

0 Sq Ft Lot

HOA Fees

$600 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1997
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, Split Level
  • Directions: NW Corner of Michigan Avenue and 8th Street
  • Entry Level: 4
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: MAGNOLIA CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Washer
  • Interior Amenities: Built-in Features, Other
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile, Wood
  • Furnished: Partially
  • Living Area: 1110
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Stories: 4
  • Bedroom Features: At Least 1 Bedroom Ground Level, Sitting Area - Master Bedroom

Exterior Features

  • View: Garden View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: The Magnolia
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Covered, Limited # Of Vehicle

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Complex Fenced, Phone Entry, Secured Garage/Parking, TV Camera

Condo/Co-op/Association

  • Association Fee: 600
  • Amenities: Elevator(s), Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-03-218-0080
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Dogs OK

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8623

Multi Family

  • Maintenance Expense: 600
  • Number Of Units In Community: 13
  • Number Of Units Total: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2020
Closed on
Feb 25, 2021
Sold by
Schussier John J and Kennedy Elizabeth J
Bought by
Mizener Deborah and Guindy Arsian El
Seller's Agent
Gelena Epshteyn
One Chelsea Int'l Real Estate
Buyer's Agent
Ruth R.Johnson
Florida Realty of Miami Corp
List Price
$480,000
Sold Price
$460,000
Premium/Discount to List
-$20,000
-4.17%
Current Estimated Value
$677,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,199
Avg. Annual Appreciation
7.75%

Purchase Details

Closed on
Mar 10, 1998
Sold by
5 S Industries Inc
Bought by
Thomson Andrew and Thomson Sheile

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
6.95%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Mizener Deborah $460,000 Attorney
Thomson Andrew $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomson Andrew $50,000
Previous Owner Thomson Andrew $136,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2021 02/25/21 Sold $460,000 -4.2% $414 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $480,000 -- $432 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $8,338 $498,998 -- --
2024 $8,119 $484,935 -- --
2023 $8,119 $470,811 $0 $0
2022 $7,814 $457,099 $0 $0
2021 $8,278 $428,730 $0 $0
2020 $8,925 $461,000 $0 $0
2019 $8,623 $445,000 $0 $0
2018 $8,249 $445,004 $0 $0
2017 $7,879 $395,619 $0 $0
2016 $7,315 $359,654 $0 $0
2015 $7,612 $326,959 $0 $0
2014 $6,117 $297,236 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gelena Epshteyn

    Seller's Agent in 2021

    Gelena Epshteyn

    One Chelsea Int'l Real Estate

    (732) 299-9771

    5 Total Sales

    Gelena Epshteyn
    Section Image
  • Ruth R.Johnson

    Buyer's Agent in 2021

    Ruth R.Johnson

    Florida Realty of Miami

    (305) 431-7571

    2 in this area

    9 Total Sales

    Ruth R.Johnson
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10947095

MIAMI REALTORS® MLS

APN: 02-4203-218-0080

Florida Miami/Dade County Miami Beach 33139 Flamingo

1005 8th St Unit 408, Miami Beach, FL

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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