$4,003,777
SOLD JAN 15, 2025
3 Beds
3.5 Baths
2,496 Sq Ft
$5,818/mo HOA Fee

Recently Sold

$1,604 Per Sq Ft

7% Below List Price

70 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Marble Flooring
  • Ocean View
  • Waterfront
  • Great Room

About This Home

As of January 2025

SELLER FINANCING AVAILABLE UPON REQUEST. Discover unparalleled luxury in this exquisite 3-bedroom, 3.5-bath waterfront residence in the heart of South Beach. Designed by Pritzker Prize-winning architect Jean Nouvel, Monad Terrace features 59 uniquely designed homes surrounding a stunning lagoon. This remarkable unit is filled with natural light, thanks to floor-to-ceiling windows framing breathtaking views of Biscayne Bay sunsets and Atlantic Ocean sunrises. The private outdoor space invites relaxation amid lush climbing gardens. Inside, the gourmet kitchen boasts a sculptural Calacatta marble island, perfect for entertaining. The master bath offers richly veined stone countertops and exquisite marquetry flooring, creating a spa-like atmosphere.

Last Agent to Sell the Property

Jared Robins

One Sotheby's International Re License #3531327 Listed on: 10/07/2024

One Sotheby's International Re

Co-Listed By

Reid Heidenry

One Sotheby's International Re License #3194322

Last Buyer's Agent

Richard Teed

The Agency Florida LLC License #3575163

The Agency Florida LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $50,936

Year Built

  • Built in 2021

Lot Details

  • Waterfront
  • West Facing Home

HOA Fees

  • $5,818 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Property Views

Interior Spaces

  • 2,496 Sq Ft Home
  • Blinds
  • Entrance Foyer
  • Great Room
  • Open Floorplan
  • Den

Kitchen

  • Electric Range
  • <<microwave>>
  • Ice Maker
  • Dishwasher
  • Cooking Island

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-091-0330

Community Details

Overview

  • High-Rise Condominium
  • Mnad Trrace Condos
  • Alton Beach Realty Co Sub Subdivision
  • 13-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Trash Chute
  • Bike Room
  • Elevator

Recreation

Pet Policy

  • Breed Restrictions

Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$50,936

Year Built

Built in 2021

Lot Details

0

HOA Fees

$5,818 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2021
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Co List Office Mls Id: OSIR03
  • Co List Office Phone: 305-538-9711
  • Entry Level: 9
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: ALTON BEACH REALTY CO SUB
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Cooking Island, Fire Sprinklers, Entrance Foyer, Split Bedroom, Den/Library/Office, Family Room, Great Room
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 2496
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 13
  • Window Features: Clear Impact Glass, Blinds, High Impact Windows
  • Bedroom Features: Other
  • Dining Room Features: Dining/Living Room, Family/Dining Combination
  • Living Room Features: Den/Library/Office, Family Room, Great Room
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • View: Bay, Ocean View, Skyline
  • Exterior Features: Open Balcony
  • Direction Faces: West
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Mnad Trrace
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Smoke Detector, Doorman

Condo/Co-op/Association

  • Association Fee: 5818
  • Amenities: Bike Storage, Elevator(s), Exercise Room, Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-33-091-0330
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 50936

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2024
Closed on
Jan 14, 2025
Sold by
Momdad Heirs Llc
Bought by
Bayraktar Bahar
Seller's Agent
Jared Robins
One Sotheby's International Re
Buyer's Agent
Richard Teed
The Agency Florida LLC
List Price
$4,299,000
Sold Price
$4,003,777
Premium/Discount to List
-$295,223
-6.87%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.33%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $4,003,800 Mellex Title
Warranty Deed $4,003,800 Mellex Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 For Sale $4,500,000 +12.4% $1,803 / Sq Ft
01/15/2025 01/15/25 Sold $4,003,777 -3.5% $1,604 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
11/12/2024 11/12/24 Price Changed $4,149,999 -3.5% $1,663 / Sq Ft
10/07/2024 10/07/24 Price Changed $4,299,999 0.0% $1,723 / Sq Ft
10/07/2024 10/07/24 For Sale $4,299,000 +31.8% $1,722 / Sq Ft
04/26/2021 04/26/21 Sold $3,262,000 -5.2% $1,307 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $3,440,000 -- $1,378 / 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 $50,936 $2,845,792 -- --
2023 $50,936 $2,587,084 $0 $0
2022 $44,190 $2,351,895 $0 $0
2021 $7,160 $370,845 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11671666

MIAMI REALTORS® MLS

APN: 02-3233-091-0330