NOT LISTED FOR SALE

1060 Ocean Dr Unit 308 Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated Value: $317,000 - $432,689

1 Bed
1 Bath
400 Sq Ft
$1,142/mo HOA Fee

Last Sold July 17, 2020

Last sale price $290,000 $725 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,496/month

84 Days on Market

Highlights

  • Ocean Front
  • Roman Tub
  • Community Pool
  • Bar or Lounge
  • Garden View
  • 2-minute walk to Lummus Park

About This Home

As of July 2020

Hotel-Condo on Ocean Drive, Miami Beach, Florida allowing self-management via AirBnB outside of the hotel program w/ daily rentals allowed. Highly desirable 1 bed & 1 bath residence on Ocean Drive w/ direct access to the beach. Current owners using a 3rd party hotel-management company on a 20% fee to management co. Financials upon request. Bookings for three months post close must be honored per the contract. The Strand on Ocean Drive is part of the Congress Condo Assoc. & participates in the amenities to include chic roof top pool & bar with panoramic water views, & reception desk in the Congress Condo-Hotel. Steps to beach, Ocean, all the shopping on Ocean Drive, & steps to the former Versace Mansion. Showing upon request between 1 to 3 pm on a day of a check-in/out. Cash only.

Last Agent to Sell the Property

Daniel Hernandez

Douglas Elliman License #3347083 Listed on: 03/24/2020

Douglas Elliman

Co-Listed By

Brian Carter, MBA, CCIM

Douglas Elliman License #3022095

Last Buyer's Agent

Fernando Ostolaza

Brokers, LLC License #3055698

Brokers, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,687

Year Built

  • Built in 1934

HOA Fees

  • $1,142 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Garden Apartment
  • Concrete Block And Stucco Construction

Interior Spaces

  • 400 Sq Ft Home
  • 3-Story Property
  • Tile Flooring
  • Garden Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Roman Tub

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Property has ocean access
  • Courtyard

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-302-0850

Community Details

Overview

  • The Strand On Ocean Drive Condos
  • The Strand On Ocean Drive,The Strand On Ocean Subdivision, 1 Bed & 1 Bath Floorplan

Amenities

  • Bar or Lounge
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,687

Year Built

Built in 1934

Lot Details

0

HOA Fees

$1,142 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1934
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, Garden Apartment
  • Co List Office Mls Id: DEOM10
  • Co List Office Phone: 305-677-5000
  • Entry Level: 87
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • Master Model: 1 bed & 1 bath
  • New Construction: No
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: THE STRAND ON OCEAN DRIVE,THE STRAND ON OCEAN
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator
  • Interior Amenities: Roman Tub
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 400
  • Possible Use: Unknown/Withheld
  • Stories: 3
  • Bedroom Features: Entry Level

Exterior Features

  • View: Garden View
  • Exterior Features: East Of Us1, Courtyard
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: THE STRAND ON OCEAN DRIVE
  • Open Parking: Yes
  • Parking Features: None, On Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Other

Condo/Co-op/Association

  • Association Fee: 1142
  • Amenities: Bar, Elevator(s), Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-302-0850
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4687

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2020
Closed on
Jul 14, 2020
Sold by
Pahnke Robert and Daunas Edouard
Bought by
Southernpoint Investments Llc
Seller's Agent
Daniel Hernandez
Douglas Elliman
Buyer's Agent
Fernando Ostolaza
Brokers, LLC
List Price
$349,000
Sold Price
$290,000
Premium/Discount to List
-$59,000
-16.91%
Current Estimated Value
$361,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,563
Avg. Annual Appreciation
4.39%

Purchase Details

Closed on
May 28, 2009
Sold by
Dardenne Darrell and Dardenne Grace Marie
Bought by
Pahnke Robert and Daunas Edouard

Purchase Details

Closed on
Oct 3, 2005
Sold by
Ocean Blvd Llc
Bought by
Dardenne Darrell and Dardenne Grace Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,520
Interest Rate
6.99%
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
Southernpoint Investments Llc $290,000 Attorney
Pahnke Robert $200,000 Clear Title Group Llc
Dardenne Darrell $341,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dardenne Darrell $273,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $290,000 -16.9% $725 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
03/24/2020 03/24/20 For Sale $349,000 -- $873 / 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 $4,640 $268,620 -- --
2024 $4,195 $244,200 -- --
2023 $4,195 $222,000 $0 $0
2022 $4,173 $222,120 $0 $0
2021 $4,289 $222,120 $0 $0
2020 $4,300 $222,120 $0 $0
2019 $4,783 $246,800 $0 $0
2018 $4,934 $262,400 $0 $0
2017 $4,734 $240,609 $0 $0
2016 $4,331 $218,736 $0 $0
2015 $4,177 $198,851 $0 $0
2014 $3,826 $180,774 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Hernandez

    Seller's Agent in 2020

    Daniel Hernandez

    Douglas Elliman

    (305) 484-0367

    53 Total Sales

    Daniel Hernandez
    Section Image
  • Brian Carter, MBA, CCIM

    Seller Co-Listing Agent in 2020

    Brian Carter, MBA, CCIM

    Douglas Elliman

    (305) 582-2424

    56 Total Sales

    Brian Carter, MBA, CCIM
    Section Image

  • F

    Buyer's Agent in 2020

    Fernando Ostolaza

    Brokers, LLC

    (305) 904-9410

    1 in this area

    10 Total Sales

    Fernando Ostolaza
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10829903

MIAMI REALTORS® MLS

APN: 02-4203-302-0850

Florida Miami/Dade County Miami Beach 33139 Lummus Park

1060 Ocean Dr Unit 308, Miami Beach, FL

This home is located at 1060 Ocean Dr Unit 308, Miami Beach, FL 33139 since 24 March 2020 and is currently estimated at $361,563, approximately $903 per square foot. This property was built in 1934. 1060 Ocean Dr Unit 308 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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