NOT LISTED FOR SALE

Estimated Value: $317,000 - $363,000

1 Bed
1 Bath
743 Sq Ft
$417/mo HOA Fee

Last Sold April 14, 2023

Last sale price $335,000 $451 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,670/month

7 Days on Market

Highlights

  • Penthouse
  • Skyline View
  • Balcony
  • South Pointe Elementary School Rated A-
  • Community Center
  • High Impact Door

About This Home

As of April 2023

This newly renovated Penthouse unit features the best views in the bldg & checks every box! TWO full size balconies superbly facing the city of Miami Beach. Brand new floors, open kitchen, new balcony railings, 2 separate dining areas & office space. Hurricane Impact Windows/Doors, lots of natural light, extra closets & a large storage room. Covered/Gated Garage Parking Space & furniture can be included. Bldg well managed, incredible board & LOW HOA $417. Special assessments paid by seller including a fantastic lobby on it's way. Building certification completed. Peaceful location on 9th & Lenox in the Heart of South Beach. Charming & well kept boutique building freshly painted, secure, residential, friendly & quiet w/only 30 units. This one won't last, move quick!

Last Agent to Sell the Property

Micha Porat

Compass Florida, LLC License #3520305 Listed on: 02/27/2023

Compass Florida, LLC

Last Buyer's Agent

Scot Drucker

Compass Florida, LLC License #3376034

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,413

Year Built

  • Built in 1965 | Remodeled

HOA Fees

  • $417 Monthly HOA Fees

Parking

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

Home Design

  • Penthouse
  • Concrete Block With Brick
  • Concrete Block And Stucco Construction

Interior Spaces

  • 743 Sq Ft Home
  • Tile Flooring
  • Skyline Views
  • Intercom Access

Kitchen

  • Self-Cleaning Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom

Outdoor Features

  • Balcony
  • Patio

Additional Features

  • Accessible Elevator Installed
  • North Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-028-0280

Community Details

Overview

  • Mid-Rise Condominium
  • Lenox Towers Condos
  • Lenox Towers Condo Subdivision
  • 6-Story Property

Amenities

  • Community Center
  • Party Room
  • Laundry Facilities
  • Elevator

Pet Policy

  • Breed Restrictions

Security

  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,413

Year Built

Built in 1965 | Remodeled

Lot Details

0

HOA Fees

$417 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1965
  • Property Sub Type: Condominium
  • Architectural Style: Penthouse
  • Entry Level: 6
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: LENOX TOWERS CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Bar, Closet Cabinetry, Elevator, Pantry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 743
  • Other Equipment: Automatic Garage Door Opener, Elevator, Intercom
  • Possible Use: Primary
  • Stories: 6
  • Bedroom Features: Entry Level

Exterior Features

  • View: Skyline
  • Exterior Features: Open Balcony
  • Construction Type: Concrete Block With Brick, CBS Construction
  • Direction Faces: North
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: LENOX TOWERS
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Fire Alarm, Smoke Detector, Other

Condo/Co-op/Association

  • Association Fee: 417
  • Amenities: Laundry, Community Room, Elevator(s), Exterior Lighting
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 02-42-03-028-0280
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3413

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2023
Closed on
Apr 13, 2023
Sold by
Ferraro Roberto and Ferraro Iman
Bought by
Lyon Peter Daniel and Lyon Daniel Robert
Seller's Agent
Micha Porat
Compass Florida, LLC
Buyer's Agent
Scot Drucker
Compass Florida, LLC
List Price
$319,900
Sold Price
$335,000
Premium/Discount to List
$15,100
4.72%
Total Days on Market
7
Views
45
Current Estimated Value
$341,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,726
Avg. Annual Appreciation
1.89%
Original Mortgage
$234,500
Outstanding Balance
$228,091
Interest Rate
6.27%
Estimated Equity
$122,131

Purchase Details

Closed on
Jul 20, 2011
Sold by
Melaragno Peter J
Bought by
Ferraro Roberto and Nosseir Iman

Purchase Details

Closed on
Dec 23, 2005
Sold by
Melaragno Lorena M
Bought by
Melaragno Peter J

Purchase Details

Closed on
Dec 7, 1994
Sold by
Faxas Yolanda
Bought by
Barbalato Robert
Source: Public Records

Range of Values:

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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
Lyon Peter Daniel $335,000 Express Title
Ferraro Roberto $175,000 Attorney
Melaragno Peter J -- None Available
Barbalato Robert $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lyon Peter Daniel $234,500
Previous Owner Melaragno Peter Joseph $25,137
Previous Owner Melaragno Peter J $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $335,000 +4.7% $451 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $319,900 0.0% $431 / Sq Ft
06/02/2020 06/02/20 Rented $1,375 -1.8% --
05/06/2020 05/06/20 Under Contract -- -- --
03/11/2020 03/11/20 For Rent $1,400 -- --
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 $4,690 $226,812 -- --
2024 $4,117 $290,785 -- --
2023 $4,117 $199,815 $0 $0
2022 $3,413 $181,650 $0 $0
2021 $3,248 $165,528 $0 $0
2020 $3,074 $173,000 $0 $0
2019 $2,651 $136,800 $0 $0
2018 $2,889 $153,619 $0 $0
2017 $2,786 $146,304 $0 $0
2016 $3,158 $162,560 $0 $0
2015 $3,221 $162,558 $0 $0
2014 $3,002 $147,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11348851

MIAMI REALTORS® MLS

APN: 02-4203-028-0280