NOT LISTED FOR SALE

1052 Ocean Dr Unit C404 Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated Value: $359,000 - $423,000

-- Bed
1 Bath
438 Sq Ft
$1,038/mo HOA Fee

Last Sold April 03, 2018

Last sale price $260,000 $594 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,665/month

27 Days on Market

Highlights

  • Doorman
  • Bar or Lounge
  • Community Pool
  • Ocean Front
  • Furnished
  • 2-minute walk to Lummus Park

About This Home

As of April 2018

STUNNING ocean front condo hotel with spectacular ocean views! Perfect for investors. No Rental restriction with the ability to continue renting short term daily on Airbnb/ enroll with hotel program. Unit has all hotel amenities including spectacular roof top pool and bar. Unit is in great condition and comes turn key with furniture ready to be used as your home or investment. All utilities are included in the maintenance fee!

Congress hotel is located in the center of Ocean Drive across the street from the beach, 1 block from the former Versace mansion, bars and famous tourist destinations. Professionally managed by 3rd party management

Last Agent to Sell the Property

Alexander Elfatairy

London Foster Realty License #3280295 Listed on: 02/21/2018

London Foster Realty

Last Buyer's Agent

Daniel Tamir

Empire R.E. Consulting, LLC License #3345439

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,679

Year Built

  • Built in 2005

Lot Details

  • Ocean Front
  • Property fronts an intracoastal waterway
  • Southeast Facing Home
  • Fenced

HOA Fees

  • $1,038 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Concrete Block And Stucco Construction

Interior Spaces

  • 438 Sq Ft Home
  • Furnished
  • Built-In Features
  • Direct Ocean Views
  • Dryer

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Studio bedroom
  • Closet Cabinetry
  • 1 Full Bathroom

Home Security

Parking

  • On-Street Parking
  • Open Parking

Additional Features

  • Property has ocean access
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-302-0620

Community Details

Overview

  • The Congress Condo Hotel Condos
  • The Strand On Ocean Drive,The Strand Subdivision
  • 5-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Bar or Lounge
  • Laundry Facilities
  • Lobby
  • Interior Hall

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Building Details

Security

  • Secure Elevator
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,679

Year Built

Built in 2005

Lot Details

0

HOA Fees

$1,038 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Entry Level: 4
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: THE STRAND ON OCEAN DRIVE,THE STRAND
  • Year Built Details: Condo-Hotel
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Wall Oven
  • Interior Amenities: Interior Hall, Lobby, First Floor Entry, Built-in Features, Closet Cabinetry
  • Full Bathrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Carpet, Tile
  • Furnished: Furnished
  • Living Area: 438
  • Possible Use: Investment
  • Stories: 5
  • Bedroom Features: Other, Studio

Exterior Features

  • View: Ocean View, Direct Ocean, Water View
  • Construction Type: CBS Construction
  • Direction Faces: Southeast
  • Fencing: Fenced
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Front, Ocean Access, Ocean Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: The Congress Condo Hotel
  • Open Parking: Yes
  • Parking Features: None, On Street, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Doorman, Elevator Secure

Condo/Co-op/Association

  • Association Fee: 1038
  • Amenities: Bar, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-302-0620
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Maintenance Expense: 1038

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4679

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
Apr 3, 2018
Sold by
Aryan Farhang
Bought by
Strand C404 Llc
Seller's Agent
Alexander Elfatairy
London Foster Realty
Buyer's Agent
Daniel Tamir
Empire R.E. Consulting, LLC
List Price
$295,000
Sold Price
$260,000
Premium/Discount to List
-$35,000
-11.86%
Current Estimated Value
$400,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,640
Avg. Annual Appreciation
5.32%

Purchase Details

Closed on
Nov 10, 2005
Sold by
Ocean Blvd Llc
Bought by
Aryan Farhang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,900
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac
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
Strand C404 Llc $260,000 Attorney
Aryan Farhang $479,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jonathan Nakash 2014 Trust $260,650
Closed Jonathan Nakash 2014 Trust $260,650
Closed Strand C404 Llc $169,000
Previous Owner Aryan Farhang $383,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2018 04/03/18 Sold $260,000 -11.9% $594 / Sq Ft
02/20/2018 02/20/18 For Sale $295,000 -- $674 / 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 $4,980 $291,489 -- --
2024 $4,809 $264,990 -- --
2023 $4,809 $254,478 $0 $0
2022 $4,782 $254,487 $0 $0
2021 $4,680 $242,367 $0 $0
2020 $4,444 $230,826 $0 $0
2019 $4,473 $230,826 $0 $0
2018 $4,621 $245,718 $0 $0
2017 $4,679 $245,718 $0 $0
2016 $5,615 $289,080 $0 $0
2015 $5,433 $264,990 $0 $0
2014 $4,894 $240,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alexander Elfatairy

    Seller's Agent in 2018

    Alexander Elfatairy

    London Foster Realty

    (305) 505-6769

    17 Total Sales

    Section Image

  • D

    Buyer's Agent in 2018

    Daniel Tamir

    Empire R.E. Consulting, LLC

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10418480

MIAMI REALTORS® MLS

APN: 02-4203-302-0620

Florida Miami/Dade County Miami Beach 33139 Lummus Park

1052 Ocean Dr Unit C404, Miami Beach, FL

This home is located at 1052 Ocean Dr Unit C404, Miami Beach, FL 33139 since 21 February 2018 and is currently estimated at $380,687, approximately $869 per square foot. This property was built in 2005. 1052 Ocean Dr Unit C404 is a home located in Miami-Dade County with nearby schools including Fienberg-Fisher K-8 Center, 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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