D
Seller's Agent in 2024
Darin Tansey
Douglas Elliman
1221 W 48th St Miami Beach, FL 33140
Nautilus NeighborhoodEstimated Value: $8,663,000 - $10,262,547
5
Beds
5.5
Baths
5,863
Sq Ft
$1,584/Sq Ft
Est. Value
Highlights
- Property has ocean access
- Private Dock
- Heated Pool
- North Beach Elementary School Rated A-
- Property Fronts a Bay or Harbor
- Sitting Area In Primary Bedroom
About This Home
As of September 2024Dive into bliss at 1221 W 48th Street nestled on 100 FT of waterfront! Fully-renovated, $350k+ in upgrades, move-in ready & can be fully turnkey. Modern Mediterranean villa boasts 5 beds/5.5 baths + an office. Oak floors, arched doorways & windows unveil water views. Gather by the fireplace or entertain in the TV lounge w/ a built-in bar, ice maker, fridge & sink. Chef's kitchen features Miele appliances & marble countertops. Primary suite includes dual walk-in closets, reading nook, dual vanities & oversized soaking tub. French doors blur the lines between interior & exterior spaces. Auto-blinds offer privacy & light control. Fire up the cabana BBQ w/ ice maker or play on the pro putting green. Outdoor cabana w/ shower. 2-car garage. New dock w/ shore power can accommodate a 70 FT yacht.
Last Agent to Sell the Property
Darin Tansey
Douglas Elliman Brokerage Email: darin.tansey@elliman.com License #3196065 Listed on: 02/22/2024
Co-Listed By
Marc Brandt
Douglas Elliman Brokerage Email: darin.tansey@elliman.com License #3285253
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $153,627
Year Built
- Built in 1929
Lot Details
- 0.37 Acre Lot
- 100 Ft Wide Lot
- Property Fronts a Bay or Harbor
- Home fronts a canal
- South Facing Home
- Corner Lot
- Property is zoned 0100
Parking
- 2 Car Attached Garage
- Driveway
- Open Parking
Property Views
- Bay
- Canal
- Pool
Home Design
- Substantially Remodeled
- Tile Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 5,863 Sq Ft Home
- 2-Story Property
- Furniture Can Be Negotiated
- Built-In Features
- Bar
- Decorative Fireplace
- Awning
- Drapes & Rods
- Blinds
- Arched Windows
- French Doors
- Formal Dining Room
- Den
Kitchen
- Breakfast Area or Nook
- Electric Range
- Microwave
- Ice Maker
- Dishwasher
- Cooking Island
- Disposal
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 5 Bedrooms
- Sitting Area In Primary Bedroom
- Main Floor Bedroom
- Primary Bedroom Upstairs
- Walk-In Closet
- Dual Sinks
- Separate Shower in Primary Bathroom
Laundry
- Dryer
- Washer
Home Security
- High Impact Windows
- High Impact Door
- Fire and Smoke Detector
Pool
- Heated Pool
- Outdoor Pool
Outdoor Features
- Property has ocean access
- Private Dock
- Deck
- Patio
- Exterior Lighting
- Outdoor Grill
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Nautilus Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 02-32-22-011-0510
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 22, 2024
Closed on
Sep 10, 2024
Sold by
Kluger Adam R and Ak 4800 Trust
Bought by
Zolezzi William
Seller's Agent
Darin Tansey
Douglas Elliman
Buyer's Agent
Alyssa Brinegar Morgan
The Inside Network
List Price
$12,500,000
Sold Price
$10,300,000
Premium/Discount to List
-$2,200,000
-17.6%
Views
156
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$770,104
Avg. Annual Appreciation
-6.79%
Original Mortgage
$6,695,000
Outstanding Balance
$6,599,380
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$2,689,136
Purchase Details
Closed on
Aug 29, 2022
Sold by
Ak 4800 Trust
Bought by
Ak 4800 Trust
Purchase Details
Closed on
May 17, 2022
Sold by
Kluger Adam R
Bought by
Ak 4800 Trust
Purchase Details
Closed on
Oct 27, 2021
Sold by
Global One Investment Group Llc
Bought by
Kluger Adam
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,175,000
Interest Rate
2.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 25, 2021
Sold by
Global One Investment Group Ll
Bought by
Kluger Adam
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,175,000
Interest Rate
2.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 6, 2019
Sold by
Cnb Re1 Holdings Llc
Bought by
Global One Investment Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4.2%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 28, 2018
Sold by
Figuereo Santiago
Bought by
City National Bank Of Florida
Purchase Details
Closed on
May 30, 2014
Sold by
Macgarmen Holdings At 4800 Llc
Bought by
Figuereo Santiago and Figuereo Rosanna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Feb 25, 2005
Sold by
Malinovsky Nicholas and Malinovsky Lydia
Bought by
Macgarmen Holdings At 4800 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,920,000
Interest Rate
5.62%
Mortgage Type
Unknown
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zolezzi William | $10,300,000 | None Listed On Document | |
| Ak 4800 Trust | -- | -- | |
| Ak 4800 Trust | -- | None Listed On Document | |
| Ak 4800 Trust | -- | Kenner Adam B | |
| Ak 4800 Trust | -- | None Listed On Document | |
| Kluger Adam | $9,500,000 | Attorney | |
| Kluger Adam | $9,500,000 | None Listed On Document | |
| Kluger Adam | $9,500,000 | None Listed On Document | |
| Global One Investment Group Llc | $3,450,000 | Attorney | |
| City National Bank Of Florida | $503,100 | None Available | |
| Figuereo Santiago | $3,500,000 | Attorney | |
| Macgarmen Holdings At 4800 Llc | $1,700,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zolezzi William | $6,695,000 | |
| Previous Owner | Kluger Adam | $6,175,000 | |
| Previous Owner | Kluger Adam | $6,175,000 | |
| Previous Owner | Global One Investment Group Llc | $3,000,000 | |
| Previous Owner | Figuereo Santiago | $2,800,000 | |
| Previous Owner | Macgarmen Holdings At 4800 Llc | $1,920,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/18/2024 09/18/24 | Sold | $10,300,000 | -13.8% | $1,757 / Sq Ft |
| 07/30/2024 07/30/24 | Pending | -- | -- | -- |
| 04/09/2024 04/09/24 | Price Changed | $11,950,000 | -4.4% | $2,038 / Sq Ft |
| 04/05/2024 04/05/24 | For Sale | $12,500,000 | 0.0% | $2,132 / Sq Ft |
| 04/05/2024 04/05/24 | Off Market | $12,500,000 | -- | -- |
| 02/22/2024 02/22/24 | For Sale | $12,500,000 | -- | $2,132 / Sq Ft |
Source: MIAMI REALTORS® MLS
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 | $157,376 | $9,571,193 | $7,660,800 | $1,910,393 |
| 2024 | $153,628 | $8,416,144 | -- | -- |
| 2023 | $153,628 | $8,171,014 | $0 | $0 |
| 2022 | $148,281 | $7,933,024 | $4,531,277 | $3,401,747 |
| 2021 | $71,191 | $3,687,101 | $3,025,213 | $661,888 |
| 2020 | $71,465 | $3,691,441 | $3,025,213 | $666,228 |
| 2019 | $71,619 | $3,695,782 | $3,025,213 | $670,569 |
| 2018 | $60,040 | $3,233,945 | $0 | $0 |
| 2017 | $59,540 | $3,167,429 | $0 | $0 |
| 2016 | $59,472 | $3,102,282 | $0 | $0 |
| 2015 | $60,236 | $3,080,717 | $0 | $0 |
| 2014 | $54,817 | $2,330,983 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
M
Seller Co-Listing Agent in 2024
Marc Brandt
Douglas Elliman
-
Alyssa Brinegar Morgan
Buyer's Agent in 2024
Alyssa Brinegar Morgan
The Inside Network
(305) 804-2921
6 in this area
41 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11532892
APN: 02-3222-011-0510
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.
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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