NOT LISTED FOR SALE

Estimated Value: $497,000 - $637,000

2 Beds
2 Baths
1,090 Sq Ft
1937 Built

Sale Details

Date Sold: April 29, 2022

Last sale price $455,000 $417 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,503 / mo

281 Days on Market

Highlights

  • Garden View
  • Card or Code Access
  • Ceiling Fan
  • Cooling Available
  • Tile Flooring
  • 2-minute walk to Miami Beach Ocean Walk

About This Home

As of April 2022

Live on world famous Ocean Drive. Spacious 2 story, 2 bedroom/ 2 bathroom unit. Full of light and directly across from the 15th street Beach access. Open kitchen, tile and concrete living space upstairs - bedrooms downstairs. Amazing opportunity to own a piece of South Beach history. Adjacent units 203 & 205 available as well. Can be acquired separately or as a package deal. Use as live/work space, vacation home or investment. Ask for more info on the Ocean drive transformation planned by the city of Miami Beach.

Last Agent to Sell the Property

Anja Randegger

Compass Florida, LLC License #3272806 Listed on: 07/22/2021

Compass Florida, LLC

Last Buyer's Agent

Irene Fernandez

Coldwell Banker Realty License #3267196

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,482

Year Built

  • Built in 1937

HOA Fees

  • $667 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,090 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Garden Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-082-0020

Community Details

Overview

  • The Drake Condo
  • The Drake Condo Subdivision

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Card or Code Access
  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,482

Year Built

Built in 1937

Lot Details

0 Sq Ft Lot

HOA Fees

$667 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1937
  • Property Sub Type: Condominium
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: THE DRAKE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: Other
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Furnished: Unfurnished
  • Living Area: 1090
  • Possible Use: Unknown/Withheld
  • Stories: 2
  • Bedroom Features: Other

Exterior Features

  • View: Garden View, Other View
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: THE DRAKE CONDO
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Elevator Secure, Card Entry, Other

Condo/Co-op/Association

  • Association Fee: 667
  • Amenities: Elevator(s), Other
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-082-0020
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6482

Multi Family

  • Maintenance Expense: 667

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2021
Closed on
Apr 22, 2022
Sold by
Bought by
Seller's Agent
Anja Randegger
Compass Florida, LLC
Buyer's Agent
Irene Fernandez
Coldwell Banker Realty
List Price
$499,000
Sold Price
$455,000
Premium/Discount to List
-$44,000
-8.82%
Current Estimated Value
$572,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,176
Avg. Annual Appreciation
5.58%

Purchase Details

Closed on
Sep 9, 1993
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$455,000 Capote & Capote Pa
$200,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $861,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $455,000 -8.8% $417 / Sq Ft
07/22/2021 07/22/21 For Sale $499,000 0.0% $458 / Sq Ft
07/01/2017 07/01/17 Rented $2,150 -6.5% --
06/18/2017 06/18/17 Under Contract -- -- --
03/28/2017 03/28/17 Price Changed $2,300 -4.2% $2 / Sq Ft
03/02/2017 03/02/17 For Rent $2,400 0.0% --
11/30/2015 11/30/15 Rented $2,400 -7.7% --
10/31/2015 10/31/15 Under Contract -- -- --
10/07/2015 10/07/15 For Rent $2,600 -- --
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,946 $499,730
2024 $7,804 $454,300
2023 $7,804 $413,000 $0 $0
2022 $6,576 $350,000 $0 $0
2021 $6,787 $351,500 $0 $0
2020 $6,482 $334,800 $0 $0
2019 $7,372 $380,400 $0 $0
2018 $8,317 $442,272 $0 $0
2017 $8,335 $421,517 $0 $0
2016 $8,046 $383,198 $0 $0
2015 $7,794 $348,362 $0 $0
2014 $6,659 $316,693 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11072738

MIAMI REALTORS® MLS

APN: 02-3234-082-0020

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