NOT LISTED FOR SALE

Islander Condominium 1255 Collins Ave Unit 504 Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated Value: $314,691 - $340,000

1 Bed
1 Bath
567 Sq Ft
$546/mo HOA Fee

Last Sold April 15, 2024

Last sale price $320,000 $564 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,717/month

29 Days on Market

Highlights

  • Ocean Front
  • Community Pool
  • Concrete Block With Brick
  • Intercom to Front Desk
  • High Impact Door
  • 5-minute walk to Lummus Park

About This Home

As of April 2024

Perfect Location! 1 block from the beach, with a new pool surrounded by panoramic beach and city view. The building is one of a kind in this area as its gated and with secure deeded parking. Unit is currently rented at $2200 a month, and tenant pays the entire year upfront- Very sound investment. Laundry is on the same floor as the unit. Tile floors, large walk in closet, roof top pool, modern gym overlooking Collins avenue and all located in the epicenter of South Beach. The building has a special culture where most of the building residents stay for 5+ years. Impact windows. Wall unit A/C.

Last Agent to Sell the Property

Juan Zuluaga

Coldwell Banker Realty License #3399420 Listed on: 02/05/2024

Coldwell Banker Realty

Last Buyer's Agent

Juan Zuluaga

Coldwell Banker Realty License #3399420 Listed on: 02/05/2024

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,945

Year Built

  • Built in 1965

Lot Details

  • Ocean Front

HOA Fees

  • $546 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Automatic Garage Door Opener
  • Secured Garage or Parking

Property Views

Home Design

  • Concrete Block With Brick

Interior Spaces

  • 567 Sq Ft Home
  • Vinyl Flooring
  • Video Cameras

Bedrooms and Bathrooms

  • 1 Bedroom
  • Studio bedroom
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-055-0260

Community Details

Overview

  • Mid-Rise Condominium
  • Islander Condo Apts Condos
  • Islander Condo Apts Subdivision
  • 10-Story Property

Amenities

  • Intercom to Front Desk
  • Secure Lobby

Recreation

Pet Policy

  • Breed Restrictions

Security

  • Phone Entry
  • Secure Elevator
  • Complex Is Fenced
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,945

Year Built

Built in 1965

Lot Details

0

HOA Fees

$546 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1965
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: ISLANDER CONDO APTS
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Vinyl
  • Furnished: Unfurnished
  • Living Area: 567
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Stories: 10
  • Bedroom Features: Studio

Exterior Features

  • View: Intracoastal View, Ocean View
  • Construction Type: Concrete Block With Brick
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Islander Condo Apts
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Complex Fenced, Elevator Secure, Phone Entry, Secured Garage/Parking, Intercom In Lobby, Lobby Secured, TV Camera

Condo/Co-op/Association

  • Association Fee: 546
  • Amenities: Other, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 02-32-34-055-0260
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3945

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
Apr 30, 2024
Sold by
Torres Mauricio E and Restrepo Maria Carolina
Bought by
Vernante 504 Llc
Seller's Agent
Juan Zuluaga
Coldwell Banker Realty
Buyer's Agent
Juan Zuluaga
Coldwell Banker Realty
List Price
$330,000
Sold Price
$320,000
Premium/Discount to List
-$10,000
-3.03%
Views
136
Current Estimated Value
$326,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,423
Avg. Annual Appreciation
2.80%
Original Mortgage
$240,000
Outstanding Balance
$236,854
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$95,286

Purchase Details

Listed on
Feb 5, 2024
Closed on
Apr 15, 2024
Sold by
Real Way Holdings Llc
Bought by
Torres Mauricio E and Restrepo Maria Carolina
Seller's Agent
Juan Zuluaga
Coldwell Banker Realty
Buyer's Agent
Juan Zuluaga
Coldwell Banker Realty
List Price
$330,000
Sold Price
$320,000
Premium/Discount to List
-$10,000
-3.03%
Views
136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$236,854
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$95,286

Purchase Details

Closed on
Dec 26, 2023
Sold by
Islander 504 Llc
Bought by
Real Way Holdings Llc

Purchase Details

Closed on
Dec 11, 2013
Sold by
Bologna Sonia Beatriz and Videla Juan Carlos
Bought by
Islander 504 Llc

Purchase Details

Listed on
Dec 1, 2011
Closed on
Jul 16, 2012
Sold by
Ortega Robert H
Bought by
Bologna Sonia Beatriz
Seller's Agent
Dianne Saavedra
Cervera Real Estate Inc.
Buyer's Agent
Dianne Saavedra
Cervera Real Estate Inc.
List Price
$110,000
Sold Price
$110,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.80%

Purchase Details

Closed on
Mar 28, 2006
Sold by
Bartoccini Mauro
Bought by
Ortega Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,400
Interest Rate
6.23%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 26, 2004
Sold by
Carrazana Oscar A and Carrazana Concepcion G
Bought by
Bartoccini Mauro

Purchase Details

Closed on
Aug 9, 2000
Sold by
Boyer Acelia
Bought by
Carrazana Oscar A and Carrazana Concepcion G
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Vernante 504 Llc -- None Listed On Document
Torres Mauricio E $320,000 None Listed On Document
Real Way Holdings Llc $218,000 None Listed On Document
Islander 504 Llc -- Attorney
Bologna Sonia Beatriz $110,000 Attorney
Ortega Robert H $233,000 Countywide Title Group Inc
Bartoccini Mauro $120,000 The Greater Title Svcs Inc
Carrazana Oscar A $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Mauricio E $240,000
Previous Owner Ortega Robert H $186,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2024 04/15/24 Sold $320,000 -3.0% $564 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $330,000 0.0% $582 / Sq Ft
04/04/2022 04/04/22 Rented $2,200 +10.0% --
03/21/2022 03/21/22 Under Contract -- -- --
03/09/2022 03/09/22 For Rent $2,000 +25.0% --
10/21/2021 10/21/21 Rented -- -- --
10/14/2021 10/14/21 Under Contract -- -- --
10/11/2021 10/11/21 For Rent $1,600 +10.3% --
08/28/2018 08/28/18 Rented $1,450 -6.5% --
08/20/2018 08/20/18 Under Contract -- -- --
07/11/2018 07/11/18 For Rent $1,550 +14.8% --
01/27/2017 01/27/17 Rented $1,350 0.0% --
01/16/2017 01/16/17 Under Contract -- -- --
12/12/2016 12/12/16 Price Changed $1,350 -1.8% $2 / Sq Ft
12/05/2016 12/05/16 Price Changed $1,375 -1.8% $2 / Sq Ft
11/21/2016 11/21/16 Price Changed $1,400 -3.4% $2 / Sq Ft
11/07/2016 11/07/16 Price Changed $1,450 -1.7% $3 / Sq Ft
10/21/2016 10/21/16 Price Changed $1,475 -1.7% $3 / Sq Ft
09/28/2016 09/28/16 Price Changed $1,500 -3.2% $3 / Sq Ft
09/02/2016 09/02/16 For Rent $1,550 +10.7% --
04/25/2016 04/25/16 Rented $1,400 +5.7% --
04/05/2016 04/05/16 Under Contract -- -- --
02/23/2015 02/23/15 Rented $1,325 -8.6% --
02/23/2015 02/23/15 For Rent $1,450 +7.4% --
05/31/2013 05/31/13 Rented $1,350 +8.0% --
05/01/2013 05/01/13 Under Contract -- -- --
04/24/2013 04/24/13 For Rent $1,250 0.0% --
07/20/2012 07/20/12 Sold $110,000 0.0% $194 / Sq Ft
02/15/2012 02/15/12 Pending -- -- --
12/01/2011 12/01/11 For Sale $110,000 -- $194 / 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 $4,717 $251,045 -- --
2024 $3,945 $251,045 -- --
2023 $3,945 $203,500 $0 $0
2022 $3,476 $185,000 $0 $0
2021 $3,852 $196,240 $0 $0
2020 $3,454 $178,400 $0 $0
2019 $3,732 $209,900 $0 $0
2018 $3,311 $194,356 $0 $0
2017 $3,053 $150,802 $0 $0
2016 $2,804 $137,093 $0 $0
2015 $2,512 $124,630 $0 $0
2014 $2,302 $113,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Juan Zuluaga

    Seller's Agent in 2024

    Juan Zuluaga

    Coldwell Banker Realty

    (850) 803-1383

    3 in this area

    115 Total Sales

    Juan Zuluaga
    Section Image
  • Jorge Hildalgo Borroto

    Seller's Agent in 2022

    Jorge Hildalgo Borroto

    Cervera Real Estate Inc.

    (561) 603-2456

    18 Total Sales

    Jorge Hildalgo Borroto
    Section Image

  • J

    Buyer's Agent in 2022

    JONATHAN SMALL

    Miami City Realty LLC

    (305) 865-0977

    1 Total Sale

    JONATHAN SMALL
    Section Image
  • Dianne Saavedra

    Seller Co-Listing Agent in 2021

    Dianne Saavedra

    Cervera Real Estate Inc.

    (786) 291-6495

    3 Total Sales

    Dianne Saavedra
    Section Image
  • Gabriela Acosta

    Buyer's Agent in 2021

    Gabriela Acosta

    London Foster Realty

    (786) 308-8169

    1 in this area

    6 Total Sales

    Gabriela Acosta
    Section Image

  • P

    Buyer's Agent in 2018

    Pablo Castro

    MMLS Assoc.-Inactive Member

    Section Image
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About Islander Condominium

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11525743

MIAMI REALTORS® MLS

APN: 02-3234-055-0260

Florida Miami/Dade County Miami Beach 33139 Lummus Park

1255 Collins Ave Unit 504, Miami Beach, FL

This home is located at 1255 Collins Ave Unit 504, Miami Beach, FL 33139 since 05 February 2024 and is currently estimated at $326,423, approximately $575 per square foot. This property was built in 1965. 1255 Collins Ave Unit 504 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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