$700,000
SOLD JUL 28, 2022
2 Beds
2 Baths
729 Sq Ft
$1,750/mo HOA Fee

Recently Sold

$960 Per Sq Ft

12% Below List Price

163 Days on Market

Highlights

  • Doorman
  • Community Pool
  • Cooling Available
  • Ocean Front
  • Hurricane or Storm Shutters
  • 2-minute walk to Lummus Park

About This Home

As of July 2022

Amazing oceanfront 2 bedroom apartment with a great view of Lummus Park, Beach, and Ocean and Ocean Drive. It is located in a prime spot, right in the heart of South Beach. 2021 was rented approximately $95,000. This apartment rents short term AIR BnB with license

Last Agent to Sell the Property

Jorge Zea

Blue Lighthouse Realty, INC License #3015804 Listed on: 02/15/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,547

Year Built

  • Built in 1964

HOA Fees

  • $1,750 Monthly HOA Fees

Interior Spaces

  • 729 Sq Ft Home
  • 3-Story Property
  • Ocean Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Home Security

Utilities

  • Cooling Available
  • Central Heating

Additional Features

  • Property has ocean access
  • Ocean Front

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-302-0290

Community Details

Overview

  • Association fees include common areas, cable TV, electricity, HVAC, hot water, ground maintenance, maintenance structure, pest control, pool(s), security
  • The Strand On Ocean Drive Subdivision

Amenities

  • Doorman
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Security Guard
  • Hurricane or Storm Shutters
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,547

Year Built

Built in 1964

Lot Details

0

HOA Fees

$1,750 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Drive east to Ocean DR
  • Year Built: 1964
  • Carport Y N: No
  • Property Attached Yn: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Second Floor Entry, Other, Split Bedrooms, Elevator
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile, Laminate
  • Living Area: 729.0
  • Stories: 3

Exterior Features

  • Exterior Features: Storm/Security Shutters
  • View: Ocean
  • Pool Features: Association
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Other
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: None

Utilities

  • Security: Door Man, Intercom, Security Guard, Fire Sprinkler System
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 1750.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Pool, Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Breed Restrictions, Yes

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Electricity, HVAC, Hot Water, Maintenance Grounds, Maintenance Structure, Pest Control, Pool(s), Security

Lot Info

  • Parcel #: 02-42-03-302-0290

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8547.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
Jul 26, 2022
Sold by
Ocean Drive 770 Llc
Bought by
Tendedos Llc
Seller's Agent
Jorge Zea
Blue Lighthouse Realty, INC
List Price
$795,000
Sold Price
$700,000
Premium/Discount to List
-$95,000
-11.95%
Views
7
Current Estimated Value
$917,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,103
Avg. Annual Appreciation
9.42%

Purchase Details

Closed on
Apr 25, 2019
Sold by
Golzad Mehrdad
Bought by
Ocean Drive 770 Llc

Purchase Details

Closed on
Oct 28, 2005
Sold by
Ocean Blvd Llc
Bought by
Golzad Mehrdad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,920
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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 $700,000 New Title Company Name
Warranty Deed $425,000 Rye Title Company
Special Warranty Deed $749,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $599,920 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2025 02/03/25 For Sale $990,000 +41.4% $1,358 / Sq Ft
07/28/2022 07/28/22 Sold $700,000 -11.9% $960 / Sq Ft
02/15/2022 02/15/22 For Sale $795,000 -- $1,091 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $10,082 $536,544 -- --
2024 $10,139 $536,544 -- --
2023 $10,139 $536,544 $0 $0
2022 $9,440 $486,913 $0 $0
2021 $8,547 $442,649 $0 $0
2020 $9,315 $481,140 $0 $0
2019 $8,476 $437,400 $0 $0
2018 $8,746 $465,102 $0 $0
2017 $8,857 $465,102 $0 $0
2016 $10,396 $528,246 $0 $0
2015 $10,021 $480,224 $0 $0
2014 $9,748 $436,568 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10318492

BeachesMLS (Greater Fort Lauderdale)

APN: 02-4203-302-0290