$950,000
SOLD APR 12, 2019

125 S Shore Dr Miami Beach, FL 33141

Normandy Isle Neighborhood
-- Bed
-- Bath
2,764 Sq Ft
1947 Built

Recently Sold

$344 Per Sq Ft

14% Below List Price

198 Days on Market

Highlights

  • Newly Remodeled
  • Wood Flooring
  • Balcony
  • Room in yard for a pool
  • No HOA
  • Impact Glass

About This Home

As of October 2022

Beautifully renovated boutique building with 4 units and a large backyard. All units are 1/1 and are currently rented with yearly lease with security deposits. Building has been fully renovated, units are updated with new kitchen, new baths, split AC units, impact windows and washer/dryer in each unit. Two assigned parking spots per unit. Well maintained building with low operating expenses bring this investement property to a 4.7% net Cap Rate. Great potential groth with option to built an additional 4/5 unis on the property.

Last Agent to Sell the Property

Eric Cormouls-Houles

MMLS Assoc.-Inactive Member License #3265161 Listed on: 09/28/2018

Last Buyer's Agent

Chris Kruger

MMLS Assoc.-Inactive Member License #0660323

MMLS Assoc.-Inactive Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,683

Year Built

  • Built in 1947 | Newly Remodeled

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Substantially Remodeled
  • Concrete Block With Brick
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Blinds

Flooring

  • Wood
  • Ceramic Tile

Home Security

  • Impact Glass
  • High Impact Door

Outdoor Features

  • Room in yard for a pool
  • Balcony
  • Exterior Lighting

Utilities

  • Cooling Available
  • Reverse Cycle Heating System

Community Details

  • No Home Owners Association
  • Normandy Golf Course Condos
  • Normandy Golf Course Subdivision

Listing and Financial Details

  • Total Actual Rent $72,000
  • Rent includes gardener, sewer, trash collection, water
  • Assessor Parcel Number 02-32-03-007-1430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,683

Year Built

Built in 1947 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1947
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Directions: Use Google Map
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: NORMANDY GOLF COURSE
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Wood
  • Possible Use: Investment
  • Stories: 2
  • Window Features: Blinds, Impact Glass

Exterior Features

  • Roof: Shingle
  • Exterior Features: Exterior Lights, Open Balcony, Room For Pool
  • Construction Type: Concrete Block With Brick
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: New Construction, Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: NORMANDY GOLF COURSE
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Reverse Cycle Unit
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-03-007-1430
  • Zoning: RM1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 9683

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 4
  • Total Actual Rent: 72000

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2022 10/21/22 Sold $1,660,000 +0.6% $534 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
09/19/2022 09/19/22 For Sale $1,650,000 +73.7% $531 / Sq Ft
04/12/2019 04/12/19 Sold $950,000 -5.0% $344 / Sq Ft
01/28/2019 01/28/19 Price Changed $1,000,000 -9.1% $362 / Sq Ft
09/26/2018 09/26/18 For Sale $1,100,000 0.0% $398 / Sq Ft
08/22/2016 08/22/16 Rented $1,500 0.0% --
07/12/2016 07/12/16 Under Contract -- -- --
05/23/2016 05/23/16 For Rent $1,500 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Chris Kruger

    MMLS Assoc.-Inactive Member

    Section Image

  • V

    Buyer's Agent in 2022

    Vilma Datorre

    Datorre Realty Group

    (305) 799-6936

    1 in this area

    8 Total Sales

    Vilma Datorre
    Section Image

  • E

    Seller's Agent in 2019

    Eric Cormouls-Houles

    MMLS Assoc.-Inactive Member

    Section Image

  • C

    Seller's Agent in 2016

    Carlos Benitez

    CRB Realty, LLC.

  • Anibal Silveira-Recoba

    Buyer's Agent in 2016

    Anibal Silveira-Recoba

    Azure Seas Realty LLC.

    (305) 608-5334

    13 Total Sales

    Anibal Silveira-Recoba
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10544752

MIAMI REALTORS® MLS

Florida Miami/Dade County Miami Beach 33141 Normandy Isle

125 S Shore Dr, Miami Beach, FL

This home is located at 125 S Shore Dr, Miami Beach, FL 33141 and is currently priced at $950,000, approximately $343 per square foot. This property was built in 1947. 125 S Shore Dr is a home located in Miami-Dade County with nearby schools including Treasure Island 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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