$2,800,000
PENDING $5M PRICE DROP

Estimated payment $21,397/month

Total Views 1,326
3 Beds
4.5 Baths
3,940 Sq Ft
$711 Price per Sq Ft

Highlights

  • Doorman
  • Private Beach Pavilion
  • Marble Flooring
  • Ocean Front
  • Fitness Center
  • 2-minute walk to Miami Beach Ocean Walk

About This Home

AUCTION BIDDING OPEN! Bidding ends Friday, August 15th.
Previously Listed $7,995,000. Current High Bid $2,800,000. Private Showings by Appointment.

BH1 is the pinnacle of Ocean Drive luxury, blending Italian sophistication with South Beach glamour. This SICIS-inspired masterpiece combines two units into one expansive smart home with custom Italian kitchen, Sub-Zero/Wolf appliances, marble floors, and Crestron/Lutron automation. Five ocean-view terraces showcase stunning Atlantic views, with five-star amenities including a new fitness center, spa, 24/7 concierge, valet, and private beach service.

Listing Agent

Eloy Carmenate

The Corcoran Group License #3008688 Listed on: 07/09/2025

The Corcoran Group

Co-Listing Agent

Taylor Richardson

The Corcoran Group License #3410028

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1998

Parking

  • 4 Car Garage
  • Assigned Parking

Property Views

  • Direct Ocean

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,940 Sq Ft Home
  • Built-In Features
  • Den
  • Marble Flooring

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access
  • Balcony

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-115-0010

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Condominium
  • Il Villaggio Condos
  • Il Villaggio On South Bea Subdivision
  • 17-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Kitchen
  • Billiard Room
  • Business Center
  • Community Library

Recreation

  • Private Beach Pavilion
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $7,823

Security

  • Secure Elevator
  • High Impact Door

Property Details

Home Type

Condominium

Year Built

Built in 1998

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 1998
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: CSMG02
  • Co List Office Phone: 305-395-4982
  • Entry Level: 4
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access,Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: IL VILLAGGIO ON SOUTH BEA
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Den/Library/Office
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Marble, Other
  • Living Area: 3940
  • Stories: 17
  • Bedroom Features: Other
  • Dining Room Features: Breakfast Area
  • Living Room Features: Den/Library/Office
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • View: Ocean View, Direct Ocean, Pool Area View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Il Villaggio
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Parking Features: 2 Or More Spaces, Assigned, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure

Condo/Co-op/Association

  • Amenities: Billiard Room, Business Center, Exercise Room, Kitchen Facilities, Library, Other, Pool, Private Beach Pavilion, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-115-0010

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 7823

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 74042

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $74,042 $3,940,244 -- --
2024 $70,260 $3,940,244 -- --
2023 $70,260 $3,659,158 $0 $0
2022 $62,503 $3,037,051 $0 $0
2021 $56,142 $2,948,594 $0 $0
2020 $55,506 $2,907,884 $0 $0
2019 $54,293 $2,842,507 $0 $0
2018 $53,868 $2,905,736 $0 $0
2017 $55,010 $2,929,558 $0 $0
2016 $54,946 $2,869,303 $0 $0
2015 $55,652 $2,849,358 $0 $0
2014 $62,144 $3,058,670 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 Pending -- -- --
08/08/2025 08/08/25 Price Changed $2,800,000 -65.0% $711 / Sq Ft
07/09/2025 07/09/25 For Sale $7,995,000 -- $2,029 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,750,000 Attorney
Deed $1,080,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,625,000 New Conventional
Closed $2,625,000 New Conventional
Previous Owner $1,000,000 New Conventional
Previous Owner $1,000,000 Unknown
Previous Owner $925,000 New Conventional
Previous Owner $1,000,000 Credit Line Revolving
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11837004

MIAMI REALTORS® MLS

APN: 02-3234-115-0010