NOT LISTED FOR SALE

1060 Ocean Dr Unit D206 Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated Value: $311,000 - $432,473

1 Bed
1 Bath
451 Sq Ft
$1,052/mo HOA Fee

Last Sold July 17, 2020

Last sale price $290,000 $643 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,482/month

269 Days on Market

Highlights

  • Doorman
  • Garden View
  • Community Pool
  • Intercom to Front Desk
  • Furnished
  • 2-minute walk to Lummus Park

About This Home

As of July 2020

Amazing investment opportunity in this beautiful ocean front condo-hotel. Property can be rented short term on airbnb with no rental restrictions. Daily rentals allowed. Fully furnished 1 bedroom unit in the center of Ocean Drive, 1 block from the former Versace mansion. Across the street from the beach. Spectacular rooftop pool and bar. This property generates great cash flow, grossing between $40k and $50k per year.

Last Agent to Sell the Property

Catalina Tirado

Howard Chase Real Estate, LLC License #3230954 Listed on: 09/24/2019

Last Buyer's Agent

Analisa Grimaldi

MMLS Assoc.-Inactive Member License #3325159

MMLS Assoc.-Inactive Member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,563

Year Built

  • Built in 1934 | Remodeled

HOA Fees

  • $1,052 Monthly HOA Fees

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 451 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Built-In Features
  • Blinds
  • Family Room
  • Garden Views
  • Intercom Access

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-302-0800

Community Details

Overview

  • Low-Rise Condominium
  • The Strand Condos
  • The Strand On Ocean Drive Subdivision

Amenities

  • Doorman
  • Valet Parking
  • Business Center
  • Laundry Facilities
  • Intercom to Front Desk
  • Lobby
  • Interior Hall

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,563

Year Built

Built in 1934 | Remodeled

Lot Details

0

HOA Fees

$1,052 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1934
  • Property Sub Type: Condominium
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: THE STRAND ON OCEAN DRIVE
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Electric Range
  • Interior Amenities: Interior Hall, Lobby, Built-in Features, Closet Cabinetry, Family Room
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Carpet, Tile
  • Furnished: Furnished
  • Living Area: 451
  • Other Equipment: Intercom
  • Possible Use: Unknown/Withheld
  • Stories: 3
  • Window Features: Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area
  • Living Room Features: Family Room

Exterior Features

  • View: Garden View, Other View
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: THE STRAND
  • Parking Features: Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure, Intercom In Lobby

Condo/Co-op/Association

  • Association Fee: 1052
  • Amenities: Business Center, Laundry, Elevator(s), Other, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-302-0800
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 5563

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2019
Closed on
Jul 17, 2020
Sold by
Hamedi Mani
Bought by
Quantum Usa Holding Corp
Seller's Agent
Catalina Tirado
Howard Chase Real Estate, LLC
Buyer's Agent
Analisa Grimaldi
MMLS Assoc.-Inactive Member
List Price
$295,000
Sold Price
$290,000
Premium/Discount to List
-$5,000
-1.69%
Current Estimated Value
$366,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,578
Avg. Annual Appreciation
4.66%

Purchase Details

Closed on
Aug 30, 2005
Sold by
Ocean Blvd Llc
Bought by
Hamedi Mani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,900
Interest Rate
5.77%
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
Quantum Usa Holding Corp $290,000 Attorney
Hamedi Mani $379,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hamedi Mani $246,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $290,000 -1.7% $643 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
09/24/2019 09/24/19 For Sale $295,000 -- $654 / 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 $4,873 $285,257 -- --
2024 $4,730 $259,325 -- --
2023 $4,730 $244,875 $0 $0
2022 $4,183 $222,614 $0 $0
2021 $4,298 $222,614 $0 $0
2020 $4,310 $222,614 $0 $0
2019 $5,392 $278,267 $0 $0
2018 $5,563 $295,856 $0 $0
2017 $5,351 $272,379 $0 $0
2016 $4,896 $247,618 $0 $0
2015 $4,720 $225,108 $0 $0
2014 $4,324 $204,644 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Catalina Tirado

    Seller's Agent in 2020

    Catalina Tirado

    Howard Chase Real Estate, LLC

    (305) 342-4987

    1 in this area

    34 Total Sales

    Section Image

  • A

    Buyer's Agent in 2020

    Analisa Grimaldi

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10745235

MIAMI REALTORS® MLS

APN: 02-4203-302-0800

Florida Miami/Dade County Miami Beach 33139 Lummus Park

1060 Ocean Dr Unit D206, Miami Beach, FL

This home is located at 1060 Ocean Dr Unit D206, Miami Beach, FL 33139 since 24 September 2019 and is currently estimated at $365,158, approximately $809 per square foot. This property was built in 1934. 1060 Ocean Dr Unit D206 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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