NOT LISTED FOR SALE

1401 Bay Rd, Unit 507 Miami Beach, FL 33139

Flamingo Neighborhood

Estimated Value: $535,000 - $744,000

2 Beds
2 Baths
990 Sq Ft
$477/mo HOA Fee

Last Sold May 20, 2022

Last sale price $600,000 $606 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,608/month

6 Days on Market

Highlights

  • Intercom to Front Desk
  • Main Floor Bedroom
  • Porch
  • Bay View
  • Community Pool
  • 2 Car Attached Garage

About This Home

As of May 2022

Renovated spectacular condo 2 bedroom/2 bathroom overlooking the Bay and City. Top floor unit with a great floor plan, brand new floors, stainless steel appliances, spacious balcony overlooking the Miami City skyline, and full size washer/dryer. Two assigned covered parking spaces close to Lincoln Rd and Sunset Harbor shops & restaurants. It is a must see!!

Last Agent to Sell the Property

Terrence Segall

Compass Florida, LLC License #3063443 Listed on: 05/10/2022

Compass Florida, LLC

Last Buyer's Agent

Terrence Segall

Compass Florida, LLC License #3063443 Listed on: 05/10/2022

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,037

Year Built

  • Built in 1999

HOA Fees

  • $477 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Property Views

  • Bay

Home Design

  • Cluster Home
  • Entry on the 5th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 990 Sq Ft Home
  • Blinds
  • Family or Dining Combination

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Porch
  • West Facing Home

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-066-0280

Community Details

Overview

  • The Sails Condo
  • The Sails Condo Subdivision
  • 5-Story Property

Amenities

  • Intercom to Front Desk

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Phone Entry
  • Secure Elevator
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,037

Year Built

Built in 1999

Lot Details

0

HOA Fees

$477 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1999
  • Property Sub Type: Condominium
  • Architectural Style: Patio/Cluster
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE SAILS CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 990
  • Possible Use: Primary
  • Stories: 5
  • Window Features: Blinds, High Impact Windows
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Family/Dining Combination

Exterior Features

  • View: Bay, Skyline
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: THE SAILS CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Elevator Secure, Phone Entry, Intercom In Lobby

Condo/Co-op/Association

  • Association Fee: 477
  • Amenities: Elevator(s), Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-33-066-0280
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
May 19, 2022
Sold by
Chatani Navin K
Bought by
Moore Brian
Seller's Agent
Terrence Segall
Compass Florida, LLC
Buyer's Agent
Terrence Segall
Compass Florida, LLC
List Price
$600,000
Sold Price
$600,000
Current Estimated Value
$636,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,807
Avg. Annual Appreciation
1.87%
Original Mortgage
$402,500
Outstanding Balance
$383,459
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$254,608

Purchase Details

Closed on
Nov 13, 2000
Sold by
Bay Road Venture Inc
Bought by
Chatani Navin K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,500
Interest Rate
7.93%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Moore Brian $600,000 Halpern Rodriguez Llp
Chatani Navin K $137,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Brian $402,500
Previous Owner Chatani Navin K $100,000
Previous Owner Chatani Navin K $83,500
Previous Owner Chatani Navin K $86,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2022 05/20/22 Sold $600,000 0.0% $606 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $600,000 0.0% $606 / Sq Ft
09/09/2021 09/09/21 Rented $3,800 0.0% --
07/12/2021 07/12/21 Under Contract -- -- --
06/24/2021 06/24/21 For Rent $3,800 +35.7% --
06/15/2020 06/15/20 Rented $2,800 -3.4% --
05/12/2020 05/12/20 Under Contract -- -- --
05/01/2020 05/01/20 For Rent $2,900 +3.6% --
01/14/2019 01/14/19 Rented $2,800 -3.4% --
10/31/2018 10/31/18 For Rent $2,900 +11.5% --
12/01/2017 12/01/17 Rented $2,600 -3.7% --
10/18/2017 10/18/17 Price Changed $2,700 -6.9% $3 / Sq Ft
09/20/2017 09/20/17 For Rent $2,900 -3.3% --
01/01/2016 01/01/16 Rented $3,000 -14.3% --
12/02/2015 12/02/15 Under Contract -- -- --
10/26/2015 10/26/15 For Rent $3,500 -- --
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 $8,860 $420,418 -- --
2024 $7,941 $512,705 -- --
2023 $7,941 $420,250 $0 $0
2022 $6,504 $343,954 $0 $0
2021 $6,037 $312,686 $0 $0
2020 $5,758 $297,400 $0 $0
2019 $6,550 $338,000 $0 $0
2018 $6,308 $355,622 $0 $0
2017 $5,920 $294,723 $0 $0
2016 $5,650 $267,930 $0 $0
2015 $5,247 $243,573 $0 $0
2014 $4,499 $221,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terrence Segall

    Seller's Agent in 2022

    Terrence Segall

    Compass Florida, LLC

    (786) 205-0772

    4 in this area

    35 Total Sales

    Terrence Segall
    Section Image

  • I

    Buyer's Agent in 2021

    Ilene Efthimiou

    Coldwell Banker Realty

    3 in this area

    19 Total Sales

    Ilene Efthimiou
    Section Image
  • Seth Feuer

    Buyer's Agent in 2020

    Seth Feuer

    Compass Florida, LLC

    (305) 215-6795

    3 in this area

    22 Total Sales

    Seth Feuer
    Section Image

  • S

    Buyer's Agent in 2019

    Scott Poitevint

    MMLS Assoc.-Inactive Member

    Section Image

  • R

    Seller's Agent in 2016

    Romina Saaied

    MMLS Assoc.-Inactive Member

    Section Image
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About This Building

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11201228

MIAMI REALTORS® MLS

APN: 02-3233-066-0280

Florida Miami/Dade County Miami Beach 33139 Flamingo

1401 Bay Rd Unit 507, Miami Beach, FL

This home is located at 1401 Bay Rd Unit 507, Miami Beach, FL 33139 since 10 May 2022 and is currently estimated at $636,807, approximately $643 per square foot. This property was built in 1999. 1401 Bay Rd Unit 507 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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