$446,414 - $559,000
RENTED DEC 23, 2024

1460 Ocean Dr Unit 205 Miami Beach, FL 33139

Lummus Park Neighborhood
2 Beds
2 Baths
910 Sq Ft
1937 Built

Last Sold April 25, 2022

Last sale price $400,000 $440 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,190/month

Highlights

  • No HOA
  • Eat-In Kitchen
  • Patio
  • Elevator
  • High Impact Windows
  • 2-minute walk to Miami Beach Ocean Walk

About This Home

As of December 2024

Welcome to The Drake Condo, a fully remodeled, modern, and sleek 2-bedroom, 2-bathroom unit in the heart of South Beach (SoBe). This sophisticated two-story layout seamlessly blends style and comfort, with abundant natural light. Impact windows. The upper level features an open kitchen with granite countertops and stainless steel appliances, integrating with the dining and living areas to provide ample room for relaxation and entertainment. Downstairs, you will find two bedrooms with walk-in closets and two bathrooms. The building is across from the 15th Street beach entrance and approximately 2 miles from Lincoln Road also known as Lincoln Road Mall, a vibrant pedestrian street with shops, restaurants, galleries, and more. Live and work in style on the famous Ocean Drive in SoBe Beach.

Last Agent to Rent the Property

Barbara Tojo

Century 21 World Connection License #3343959 Listed on: 10/22/2024

Century 21 World Connection

Last Renter's Agent

Mona Regoli

Century 21 World Connection License #3172546

Century 21 World Connection

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,157

Year Built

  • Built in 1937

Home Design

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

Interior Spaces

  • 910 Sq Ft Home
  • 2-Story Property
  • Combination Dining and Living Room
  • Ceramic Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Feinberg-Fisher K8 Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 10/22/24
  • Assessor Parcel Number 02-32-34-082-0050

Community Details

Overview

  • No Home Owners Association
  • The Drake Condo
  • The Drake Condo,The Drake Condo Subdivision

Amenities

  • Elevator

Pet Policy

  • Breed Restrictions

Security

  • High Impact Windows
  • High Impact Door

Condo Details

Home Type

Condominium

Est. Annual Taxes

$7,157

Year Built

Built in 1937

Lot Details

0

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2024-10-22

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1937
  • Property Sub Type: Condominium
  • Directions: Use GPS
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: THE DRAKE CONDO,The Drake Condo
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Tile
  • Furnished: Unfurnished
  • Living Area: 910
  • Stories: 2
  • Window Features: High Impact Windows, Impact Glass
  • Bedroom Features: Other
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen, Snack Bar/Counter

Exterior Features

  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Elevator(s)
  • Association: No

Schools

  • Elementary School: Feinberg-Fisher K8
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-34-082-0050
  • Land Lease Amount Frequency: Monthly
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 1993
Sold by
S Ocean Bch Prop Inc
Bought by
Mender Vera
Current Estimated Value
$486,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,500
Interest Rate
7.24%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mender Vera $147,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mender Vera $88,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Rented $3,000 -14.3% --
12/17/2024 12/17/24 Under Contract -- -- --
10/22/2024 10/22/24 For Rent $3,500 0.0% --
04/25/2022 04/25/22 Sold $400,000 -19.8% $440 / Sq Ft
07/22/2021 07/22/21 For Sale $499,000 -- $548 / Sq Ft
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 $7,157 $399,784 -- --
2024 $6,243 $363,440 -- --
2023 $6,243 $330,400 $0 $0
2022 $5,261 $280,000 $0 $0
2021 $5,512 $285,500 $0 $0
2020 $5,264 $271,900 $0 $0
2019 $5,988 $309,000 $0 $0
2018 $6,755 $359,252 $0 $0
2017 $6,770 $342,393 $0 $0
2016 $6,536 $311,267 $0 $0
2015 $6,331 $282,970 $0 $0
2014 $5,409 $257,246 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Barbara Tojo

    Landlord's Agent in 2024

    Barbara Tojo

    Century 21 World Connection

    (305) 434-2100

    59 Total Sales

    Barbara Tojo
    Section Image
  • Mona Regoli

    Tenant's Agent in 2024

    Mona Regoli

    Century 21 World Connection

    (305) 803-5088

    16 Total Sales

    Mona Regoli
    Section Image

  • A

    Seller's Agent in 2022

    Anja Randegger

    Compass Florida, LLC

    (786) 853-5589

    3 in this area

    42 Total Sales

    Anja Randegger
    Section Image

  • A

    Buyer's Agent in 2022

    Agustin Tome

    Real Living Infinity Int'l

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11680852

MIAMI REALTORS® MLS

APN: 02-3234-082-0050

Florida Miami/Dade County Miami Beach 33139 Lummus Park

1460 Ocean Dr Unit 205, Miami Beach, FL

This home is located at 1460 Ocean Dr Unit 205, Miami Beach, FL 33139 since 22 October 2024 and is currently priced at $486,854. This property was built in 1937. 1460 Ocean Dr Unit 205 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.

Nearby Homes