NOT LISTED FOR SALE

1240 S Biscayne Point Rd Miami Beach, FL 33141

Biscayne Point Neighborhood

Estimated Value: $4,677,000 - $5,862,155

4 Beds
3 Baths
2,467 Sq Ft
$2,088/Sq Ft Est. Value

Last Sold April 26, 2013

Last sale price $1,615,000 $655 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $32,837/month

273 Days on Market

Highlights

  • Property has ocean access
  • Intracoastal View
  • Gated Community
  • Property Fronts a Bay or Harbor
  • In Ground Pool
  • 3-minute walk to Crespi Park

About This Home

As of April 2013

BEAUTIFUL MiMo BAYFRONT GUT RENOVATION ON MIAMI BEACH'S GUARD GATED BISCAYNE POINT ISLAND! SPACIOUS 4/3 W/ LARGE OPEN LIVING AREAS, NEW HURRICANE WINDOWS & SLIDING GLASS DOORS. OPEN KITCHEN WITH PLENTY OF COUNTER SPACE AND STORAGE W/ STAINLESS APPLIANCES. BEAUTIFUL WOOD FLOORS & CUSTOM CLOSETS IN BEDROOMS. MASTER HAS LARGE WALK IN, DOUBLE VANITY AND MULTIPLE SHOWER JETS W/ RAINFALL SHOWERHEAD. GORGEOUS LUSH LANDSCAPING WITH BEAUTIFUL POOL OVERLOOKING THE WATER. THIS IS A MUST SEE, TOO MUCH TO MENTION!

Last Agent to Sell the Property

Sandra Edelman

MMLS Assoc.-Inactive Member License #0034997 Listed on: 06/13/2012

Co-Listed By

Melissa Edelman

Douglas Elliman License #3021547

Last Buyer's Agent

Brigitte Benichay

Rich Homes of Florida License #3005825

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,229

Year Built

  • Built in 1951

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 7500x150
  • Property Fronts a Bay or Harbor
  • South Facing Home
  • Property is zoned 8 /S FM

Property Views

  • Intracoastal
  • Bay

Home Design

  • Substantially Remodeled
  • Tar and Gravel Roof
  • Flat Tile Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,467 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Sun or Florida Room
  • Tile Flooring

Kitchen

  • Built-In Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Covered Parking
  • Driveway
  • Open Parking

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Seawall

Location

  • Flood Zone Lot
  • East of U.S. Route 1

Schools

  • Biscayne Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-03-001-1410

Community Details

Overview

  • Property has a Home Owners Association
  • Biscayne Point Pb 14 35 Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,229

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1951
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Road Frontage Type: Bay
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • Lot Size: 7500x150
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: BISCAYNE POINT PB 14-35
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Other Equipment/Appliances, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Other, Family Room, Florida Room
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 2467
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Entry Level
  • Living Room Features: Family Room, Florida Room, Other

Exterior Features

  • Roof: Flat Tile, Tar & Gravel Roof
  • View: Bay, Intracoastal View
  • Exterior Features: Other
  • Construction Type: Pre-Cast Concrete Construction, Other
  • Direction Faces: South
  • Disclosures: Disclosure
  • Lot Features: East Of US 1, Flood Zone Lot
  • Pool Features: In Ground
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: Yes
  • Waterfront Features: Ocean Access, No Fixed Bridges, Seawall
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: BISCAYNE POINT PB 14-35
  • Open Parking: Yes
  • Parking Features: Covered, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Gated Community, Paved Road, Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Biscayne
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-03-001-1410
  • Lot Size Sq Ft: 11250
  • Zoning: 8 /S FM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 13229

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2012
Closed on
Apr 26, 2013
Sold by
1240 South Biscayne Point Road Llc
Bought by
Chateau Mimo Llc
Seller's Agent
Sandra Edelman
MMLS Assoc.-Inactive Member
Buyer's Agent
Brigitte Benichay
Rich Homes of Florida
List Price
$1,795,000
Sold Price
$1,615,000
Premium/Discount to List
-$180,000
-10.03%
Total Days on Market
273
Current Estimated Value
$5,150,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,535,039
Avg. Annual Appreciation
9.40%

Purchase Details

Closed on
Dec 28, 2010
Sold by
Milon Didier Charles and Milon Emma
Bought by
1240 South Biscayne Point Road Llc

Purchase Details

Closed on
Dec 10, 2010
Sold by
Barcelo Dixan E
Bought by
Milon Dider Charles and Milon Emma

Purchase Details

Closed on
May 13, 2005
Sold by
Rodriguez Angelo G and Rodriguez Yamilet
Bought by
Barcelo Dixan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.25%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 1, 2004
Sold by
Lh Group Inc
Bought by
Rodriguez Angelo G and Rodriguez Yamilet

Purchase Details

Closed on
Dec 18, 2003
Sold by
Wolfe Mary Ann
Bought by
Lh Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 1998
Sold by
Wolfe Gregory B and Wolfe Mary Ann
Bought by
Wolfe Mary A
Source: Public Records

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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
Chateau Mimo Llc $1,615,000 Sawgrass Title & Escrow Inc
1240 South Biscayne Point Road Llc $785,000 Attorney
Milon Dider Charles $595,000 Exclusive Title Company Inc
Barcelo Dixan E $1,500,000 Miami Title Services Corp
Rodriguez Angelo G $1,200,000 Union Title Services Inc
Lh Group Inc $775,000 Union Title Services Inc
Wolfe Mary A $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barcelo Dixan E $1,100,000
Previous Owner Wolfe Mary A $211,500
Closed Barcelo Dixan E $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2013 04/26/13 Sold $1,615,000 -10.0% $655 / Sq Ft
03/14/2013 03/14/13 Pending -- -- --
06/13/2012 06/13/12 For Sale $1,795,000 -- $728 / 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
2024 $47,127 $2,079,449 -- --
2023 $47,127 $1,890,409 $0 $0
2022 $36,159 $1,718,554 $0 $0
2021 $30,850 $1,562,322 $1,238,665 $323,657
2020 $30,977 $1,565,138 $1,238,665 $326,473
2019 $31,071 $1,567,954 $1,238,665 $329,289
2018 $32,327 $1,678,390 $1,346,375 $332,015
2017 $31,559 $1,580,612 $0 $0
2016 $26,852 $1,247,855 $0 $0
2015 $23,928 $1,134,414 $0 $0
2014 $25,238 $1,209,236 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Sandra Edelman

    MMLS Assoc.-Inactive Member

  • Melissa Edelman

    Seller Co-Listing Agent in 2013

    Melissa Edelman

    Douglas Elliman

    (786) 269-6590

    4 Total Sales

    Melissa Edelman
    Section Image

  • B

    Buyer's Agent in 2013

    Brigitte Benichay

    Rich Homes of Florida

    (305) 766-7790

    2 in this area

    32 Total Sales

    Brigitte Benichay
    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A1652621

MIAMI REALTORS® MLS

APN: 02-3203-001-1410

Florida Miami/Dade County Miami Beach 33141 Biscayne Point

1240 S Biscayne Point Rd, Miami Beach, FL

This home is located at 1240 S Biscayne Point Rd, Miami Beach, FL 33141 since 13 June 2012 and is currently estimated at $5,150,039, approximately $2,087 per square foot. This property was built in 1951. 1240 S Biscayne Point Rd is a home located in Miami-Dade County with nearby schools including Biscayne Beach Elementary School, 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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