NOT LISTED FOR SALE

1340 Drexel Ave Unit 305 Miami Beach, FL 33139

Flamingo Neighborhood

Estimated Value: $244,000 - $284,000

-- Bed
1 Bath
515 Sq Ft
1949 Built

Last Sold August 11, 2023

Last sale price $250,000 $485 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,784/month

Highlights

  • Wood Flooring
  • No HOA
  • Central Heating and Cooling System
  • Furnished

About This Home

As of November 2023

Step inside this modern studio condo located in the bustling heart of Miami Beach, close distance to the beach, Lincoln Road, shopping, and an array of dining options. This thoughtfully designed unit showcases elegant hardwood floors, a recently updated kitchen, the added convenience of an in-unit washer/dryer, all within a meticulously maintained and gated building. Offering a turnkey experience, the condo comes fully furnished, ensuring immediate comfort and style. Come experience all that Miami Beach has to offer!

Last Agent to Rent the Property

Carly Furr

Compass Florida, LLC. License #3509975 Listed on: 08/22/2023

Compass Florida, LLC.

Last Renter's Agent

Maria Rapsomanikis

Canvas Real Estate License #3533106

Canvas Real Estate

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,799

Year Built

  • Built in 1949

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1 Full Bathroom
  • 515 Sq Ft Home
  • Furnished
  • Wood Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 8/22/23
  • Assessor Parcel Number 02-32-34-192-0210

Community Details

Overview

  • No Home Owners Association
  • Retreat Condo
  • Retreat Condo Subdivision

Pet Policy

  • Breed Restrictions

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,799

Year Built

Built in 1949

Lot Details

0

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2023-08-22

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1949
  • Property Sub Type: Condominium
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: Condo/Co-Op/Seasonal, Condo
  • Subdivision Name: RETREAT CONDO
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Washer
  • Full Bathrooms: 1
  • Flooring: Wood
  • Furnished: Furnished
  • Living Area: 515

Exterior Features

  • Construction Type: CBS Construction
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RETREAT CONDO

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-32-34-192-0210
  • Land Lease Amount Frequency: Monthly
  • Zoning: 4800
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2023
Closed on
Jul 28, 2023
Sold by
High Big Usa Llc
Bought by
Tatineni Naga Sai Sudha and Pamidi Surendra Kumar
Seller's Agent
Felipe Restrepo
Douglas Elliman
Buyer's Agent
Carly Furr
Compass Florida, LLC.
List Price
$259,000
Sold Price
$250,000
Premium/Discount to List
-$9,000
-3.47%
Views
58
Current Estimated Value
$267,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,871
Avg. Annual Appreciation
3.06%
Original Mortgage
$171,500
Outstanding Balance
$167,925
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$97,600

Purchase Details

Listed on
Jul 20, 2022
Closed on
Aug 19, 2022
Sold by
Drexel 305 Llc
Bought by
High Big Usa
Seller's Agent
Julieta Rodriguez
Morgan Realty Group LLC
Buyer's Agent
Felipe Restrepo
Douglas Elliman
List Price
$212,000
Sold Price
$212,000
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.74%

Purchase Details

Closed on
Jul 13, 2021
Sold by
Drexel Sobe Management Llc
Bought by
Drexel 305 Llc

Purchase Details

Listed on
Sep 9, 2020
Closed on
Apr 6, 2021
Sold by
Chong Wai Kwok
Bought by
Drexel Sobe Management Llc
Seller's Agent
Rafael Ochoa
Coldwell Banker Realty
Buyer's Agent
Randall Sanz
RE/MAX 5 Star Realty
List Price
$189,000
Sold Price
$170,000
Premium/Discount to List
-$19,000
-10.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.79%
Original Mortgage
$122,375
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 17, 2011
Sold by
Rubin Martin J
Bought by
Chong Wai Kwok

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,300
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2007
Sold by
Oasis Drexel Llc
Bought by
Rubin Martin J
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
Tatineni Naga Sai Sudha $250,000 Ads Title
High Big Usa $212,000 Melissa P Lanza Pa
Drexel 305 Llc -- Attorney
Drexel Sobe Management Llc $170,000 Attorney
Chong Wai Kwok $105,585 Roberto & Associates Title A
Rubin Martin J $253,000 Equity Land Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tatineni Naga Sai Sudha $171,500
Previous Owner Drexel Sobe Management Llc $122,375
Previous Owner Chong Wai Kwok $69,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2023 11/01/23 Rented $1,850 0.0% --
10/19/2023 10/19/23 Under Contract -- -- --
10/03/2023 10/03/23 Price Changed $1,850 -2.6% $4 / Sq Ft
09/05/2023 09/05/23 Price Changed $1,900 -5.0% $4 / Sq Ft
08/22/2023 08/22/23 For Rent $2,000 0.0% --
08/11/2023 08/11/23 Sold $250,000 -3.5% $485 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $259,000 +22.2% $503 / Sq Ft
08/25/2022 08/25/22 Sold $212,000 -7.4% $412 / Sq Ft
07/22/2022 07/22/22 Price Changed $229,000 +8.0% $445 / Sq Ft
07/20/2022 07/20/22 For Sale $212,000 +24.7% $412 / Sq Ft
04/06/2021 04/06/21 Sold $170,000 -2.9% $330 / Sq Ft
03/08/2021 03/08/21 Pending -- -- --
03/04/2021 03/04/21 Price Changed $175,000 -2.2% $340 / Sq Ft
12/04/2020 12/04/20 Price Changed $179,000 -3.2% $348 / Sq Ft
11/18/2020 11/18/20 Price Changed $185,000 -2.1% $359 / Sq Ft
09/08/2020 09/08/20 For Sale $189,000 0.0% $367 / Sq Ft
08/01/2019 08/01/19 Rented $1,300 0.0% --
07/26/2019 07/26/19 Under Contract -- -- --
06/18/2019 06/18/19 For Rent $1,300 0.0% --
06/01/2017 06/01/17 Rented $1,300 0.0% --
05/19/2017 05/19/17 Under Contract -- -- --
03/03/2017 03/03/17 For Rent $1,300 -- --
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 $3,799 $202,193 -- --
2024 $3,322 $202,193 -- --
2023 $3,322 $175,820 $0 $0
2022 $2,800 $149,000 $0 $0
2021 $2,363 $122,400 $0 $0
2020 $2,962 $153,000 $0 $0
2019 $2,903 $154,500 $0 $0
2018 $2,577 $143,033 $0 $0
2017 $2,576 $121,548 $0 $0
2016 $2,501 $110,499 $0 $0
2015 $2,499 $100,454 $0 $0
2014 $1,988 $91,322 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Landlord's Agent in 2023

    Carly Furr

    Compass Florida, LLC.

    (305) 851-2820

    10 in this area

    48 Total Sales

    Section Image

  • F

    Seller's Agent in 2023

    Felipe Restrepo

    Douglas Elliman

    (305) 439-7154

    12 in this area

    24 Total Sales

    Section Image

  • M

    Tenant's Agent in 2023

    Maria Rapsomanikis

    Canvas Real Estate

    (508) 713-3716

    1 Total Sale

    Section Image
  • Julieta Rodriguez

    Seller's Agent in 2022

    Julieta Rodriguez

    Morgan Realty Group LLC

    (305) 519-1376

    4 in this area

    14 Total Sales

    Section Image

  • R

    Seller's Agent in 2021

    Rafael Ochoa

    Coldwell Banker Realty

    2 in this area

    32 Total Sales

    Section Image
  • Randall Sanz

    Buyer's Agent in 2021

    Randall Sanz

    RE/MAX

    (305) 968-6238

    1 in this area

    26 Total Sales

    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11440036

MIAMI REALTORS® MLS

APN: 02-3234-192-0210

Florida Miami/Dade County Miami Beach 33139 Flamingo

1340 Drexel Ave Unit 305, Miami Beach, FL

This home is located at 1340 Drexel Ave Unit 305, Miami Beach, FL 33139 since 22 August 2023 and is currently priced at $257,276. This property was built in 1949. 1340 Drexel Ave Unit 305 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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