$2,200,000

1311 15th Terrace Miami Beach, FL 33139

Flamingo Neighborhood

Estimated payment $13,892/month

Total Views 2,586
-- Bed
-- Bath
3,581 Sq Ft
$614 Price per Sq Ft

Highlights

  • Old Spanish Architecture
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • No HOA
  • Tile Flooring

About This Home

Shovel-ready opportunity or collect rent as-is! This legal 7-unit multi-family has 5 units in the main structure & 2
in the detached cottage. Main house: 3 studios (2 w/ a yard and 1 w/ a balcony); two 2-bed 1 bath units (1 w/ a
yard and 1 w/ a balcony). Back House: One 1-bed unit downstairs & another 1-bed unit upstairs. All Tenants enjoy a common back-yard & laundry. The shovel-ready project consists of an elegant four-story boutique building w/ underneath parking & a fantastic common rooftop w/ a pool & a summer kitchen! It will feature SIX identical 3-bed, 2-bath, 1310sqf units, two per floor & each one w/ a private wrap around balcony! There is a HUGE lack of 3/2 condos in boutique buildings in SoBe, and those few are highly sought after!

Listing Agent

Roberto Cuneo

Coldwell Banker Realty License #3260985 Listed on: 01/22/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,975

Year Built

  • Built in 1925

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Old Spanish Architecture
  • Tile Roof
  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,581 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Rent includes electricity, gas, hot water, gardener, sewer, trash collection, water
  • Assessor Parcel Number 02-32-33-016-0050

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Alton Beach Bay Front Re Condos
  • Alton Beach Bay Front Re Subdivision

Building Details

  • Operating Expense $44,220
  • Net Operating Income $131,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,975

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached, Old Spanish
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: ALTON BEACH BAY FRONT RE-
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 3581
  • Stories: 2

Exterior Features

  • Roof: Flat Tile, Curved/S-Tile Roof
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: ALTON BEACH BAY FRONT RE-
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-33-016-0050
  • Zoning: 3900

Rental Info

  • Rent Includes: Electricity, Gas, Hot Water, Gardener, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 131580
  • Number Of Units In Community: 3
  • Number Of Units Total: 7
  • Annual Operating Expense: 44220
  • Total Actual Rent: 175800

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 23975

Map

Range of Values:

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Average Value
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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
01/22/2025 01/22/25 For Sale $2,200,000 0.0% --
01/22/2025 01/22/25 For Sale $2,200,000 -- $614 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11729722

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami Beach 33139 Flamingo

1311 15th Terrace, Miami Beach, FL

This home is located at 1311 15th Terrace, Miami Beach, FL 33139 and is currently priced at $2,200,000, approximately $614 per square foot. This property was built in 1925. 1311 15th Terrace is a home 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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Roberto Cuneo
Listing Agent
Roberto Cuneo
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Coldwell Banker Realty
(786) 981-9123