NOT LISTED FOR SALE

Islander Condominium 1255 Collins Ave Unit 703 Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated Value: $296,115 - $372,000

1 Bed
1 Bath
568 Sq Ft
$623/mo HOA Fee

Last Sold June 17, 2024

Last sale price $330,000 $581 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,798/month

45 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Balcony
  • Heated Pool
  • Wood Flooring
  • 5-minute walk to Lummus Park

About This Home

As of June 2024

Live in the heart of South Beach! Beautifully updated condo a half a block from the ocean with amazing views of the iconic Art Deco district. Rare heated rooftop pool and deck with soaring views of the ocean. Spacious open floor plan, walk-in closet, modern lighting, impact windows and slider, stainless steel appliances, newer kitchen and floors. 1 gated/assigned parking spot, secured building entry, updated gym, laundry on every other floor, bicycle storage $75 yearly, and the building has high-capacity generator. Maint $545 and reserve $79 monthly. Current owner could lease back for 6-12 months if the buyer is interested. No pet restrictions! Must see this unique and spacious unit...this unit was originally a one bedroom that has been remodeled to create a large studio.

Last Agent to Sell the Property

Dina Maddock

Express Realty S FL LLC License #706347 Listed on: 04/01/2024

Co-Listed By

Deborah Muldoon

Express Realty S FL LLC License #3346748

Last Buyer's Agent

Thomas Criss

RE/MAX Prestige Realty/Wellington License #3452745

RE/MAX Prestige Realty/Wellington

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,125

Year Built

  • Built in 1965

HOA Fees

  • $623 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 7th floor
  • Frame Construction

Interior Spaces

  • 568 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Entrance Foyer

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Heated Pool
  • Balcony
  • Open Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-055-0410

Community Details

Overview

  • Association fees include management, amenities, common areas, hot water, insurance, ground maintenance, maintenance structure, parking, pest control, pool(s), sewer, trash, water
  • Islander Condo Subdivision
  • 10-Story Property

Amenities

  • Laundry Facilities
  • Elevator

Recreation

Pet Policy

  • Pets Allowed

Security

  • Phone Entry
  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,125

Year Built

Built in 1965

Lot Details

0

HOA Fees

$623 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: between collins ave and the ocean off 13th st. parking on street, gate entry on north and west side.
  • Year Built: 1965
  • Carport Y N: No
  • Entry Level: 7
  • Property Attached Yn: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Convertible Bedroom, Entrance Foyer, Elevator, Other, Tub Shower, Walk-In Closet(s)
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Furnished: Negotiable
  • Appliances: Electric Range, Microwave, Refrigerator, Self Cleaning Oven
  • Full Bathrooms: 1
  • Flooring: Tile, Wood
  • Living Area: 568.0
  • Stories: 10

Exterior Features

  • Exterior Features: Balcony, Security/High Impact Doors
  • View: Other
  • Pool Features: Association, Heated
  • Waterfront: No
  • Construction Type: Block, Frame, Stucco
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, One Space

Utilities

  • Laundry Features: Common Area
  • Security: Complex Fenced, Lobby Secured, Phone Entry, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 623.0
  • Community Features: Gated
  • Senior Community: No
  • Amenities: Fitness Center, Laundry, Pool, Trash, Elevator(s)
  • Association #2 Fee: 623.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: No Pet Restrictions, Yes

Fee Information

  • Association Fee Includes: Association Management, Amenities, Common Areas, Hot Water, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pool(s), Sewer, Trash, Water

Lot Info

  • Parcel #: 02-32-34-055-0410

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4125.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Jun 13, 2024
Sold by
Nielsen Martin
Bought by
Dooley Casey
Seller's Agent
Dina Maddock
Express Realty S FL LLC
Buyer's Agent
Thomas Criss
RE/MAX Prestige Realty/Wellington
List Price
$364,999
Sold Price
$330,000
Premium/Discount to List
-$34,999
-9.59%
Views
55
Current Estimated Value
$336,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,529
Avg. Annual Appreciation
1.58%
Original Mortgage
$313,500
Outstanding Balance
$309,827
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$26,702

Purchase Details

Closed on
Apr 17, 2023
Sold by
Nielsen Martin Lehn and Nielsen Vanessa Huynh
Bought by
Nielsen Martin Lehn

Purchase Details

Closed on
Oct 14, 2022
Sold by
Nielsen Martin Lehn
Bought by
Nielsen Martin Lehn

Purchase Details

Listed on
Oct 8, 2021
Closed on
Feb 21, 2022
Sold by
Share Run Llc
Bought by
Nielsen Martin Lehn and Nielsen Vanessa Huynh
Seller's Agent
Cindy Clayman
Douglas Elliman
Buyer's Agent
Tracy Strine
Miami Beach Real Estate Group
List Price
$369,000
Sold Price
$330,000
Premium/Discount to List
-$39,000
-10.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.55%

Purchase Details

Listed on
Nov 18, 2018
Closed on
Dec 12, 2019
Sold by
Failer Raymond and Failer Dorothy
Bought by
Share Run Llc
Seller's Agent
Jacky Yerushalmy
Beach Properties International
Buyer's Agent
Cindy Clayman
Douglas Elliman
List Price
$298,900
Sold Price
$236,000
Premium/Discount to List
-$62,900
-21.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.38%

Purchase Details

Closed on
May 10, 2003
Sold by
Halim Chawkat
Bought by
Failer Raymond and Failer Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,600
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 7, 1995
Sold by
Supino Andre
Bought by
Halim Chawkat
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
Dooley Casey $330,000 None Listed On Document
Nielsen Martin Lehn -- None Listed On Document
Nielsen Martin Lehn -- --
Nielsen Martin Lehn $330,000 Home Partners Title Services
Share Run Llc $236,000 Market Title Llc
Failer Raymond $118,000 Attorneys Title Insurance Fu
Halim Chawkat -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dooley Casey $313,500
Previous Owner Failer Raymond $90,000
Previous Owner Failer Raymond $82,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2024 06/17/24 Sold $330,000 -5.6% $581 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
05/14/2024 05/14/24 Price Changed $349,500 -2.8% $615 / Sq Ft
04/27/2024 04/27/24 Price Changed $359,500 -1.5% $633 / Sq Ft
04/01/2024 04/01/24 For Sale $364,999 +54.7% $643 / Sq Ft
12/12/2019 12/12/19 Sold $236,000 -12.2% $415 / Sq Ft
11/26/2019 11/26/19 Pending -- -- --
06/19/2019 06/19/19 Price Changed $268,900 0.0% $473 / Sq Ft
05/01/2019 05/01/19 Rented $1,500 0.0% --
01/02/2019 01/02/19 Price Changed $279,900 -6.4% $493 / Sq Ft
11/18/2018 11/18/18 For Sale $298,900 0.0% $526 / Sq Ft
10/26/2018 10/26/18 For Rent $1,500 +7.1% --
06/01/2017 06/01/17 Rented $1,400 -1.8% --
01/18/2017 01/18/17 Price Changed $1,425 +3.6% $3 / Sq Ft
11/28/2016 11/28/16 For Rent $1,375 -5.2% --
02/17/2016 02/17/16 Rented $1,450 0.0% --
02/15/2016 02/15/16 Under Contract -- -- --
01/25/2016 01/25/16 For Rent $1,450 0.0% --
09/30/2015 09/30/15 Rented $1,450 0.0% --
08/31/2015 08/31/15 Under Contract -- -- --
05/29/2015 05/29/15 For Rent $1,450 +11.5% --
08/13/2014 08/13/14 Rented $1,300 -7.1% --
07/14/2014 07/14/14 Under Contract -- -- --
07/02/2014 07/02/14 For Rent $1,400 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

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 $4,584 $251,045 -- --
2024 $4,125 $240,130 -- --
2023 $4,125 $218,300 $0 $0
2022 $3,476 $185,000 $0 $0
2021 $3,935 $200,530 $0 $0
2020 $3,529 $182,300 $0 $0
2019 $3,541 $214,500 $0 $0
2018 $3,139 $198,651 $0 $0
2017 $2,897 $135,647 $0 $0
2016 $2,663 $123,316 $0 $0
2015 $2,382 $112,106 $0 $0
2014 $2,181 $101,915 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Dina Maddock

    Express Realty S FL LLC

    (954) 566-7400

    1 in this area

    5 Total Sales

    Dina Maddock
    Section Image

  • D

    Seller Co-Listing Agent in 2024

    Deborah Muldoon

    Express Realty S FL LLC

    (617) 817-2451

    1 in this area

    14 Total Sales

    Deborah Muldoon
    Section Image
  • Thomas Criss

    Buyer's Agent in 2024

    Thomas Criss

    RE/MAX

    (561) 701-5000

    1 in this area

    5 Total Sales

    Thomas Criss
    Section Image

  • J

    Seller's Agent in 2019

    Jacky Yerushalmy

    Beach Properties International

    (305) 303-8724

    5 Total Sales

    Jacky Yerushalmy
    Section Image

  • C

    Buyer's Agent in 2019

    Cindy Clayman

    Douglas Elliman

    (305) 588-5300

    1 in this area

    5 Total Sales

    Cindy Clayman
    Section Image
  • Astride Desroses

    Buyer's Agent in 2019

    Astride Desroses

    The Keyes Company

    (401) 644-5099

    2 Total Sales

    Astride Desroses
    Section Image
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About Islander Condominium

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10431737

BeachesMLS (Greater Fort Lauderdale)

APN: 02-3234-055-0410

Florida Miami/Dade County Miami Beach 33139 Lummus Park

1255 Collins Ave Unit 703, Miami Beach, FL

This home is located at 1255 Collins Ave Unit 703, Miami Beach, FL 33139 since 01 April 2024 and is currently estimated at $336,529, approximately $592 per square foot. This property was built in 1965. 1255 Collins Ave Unit 703 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.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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