NOT LISTED FOR SALE

1460 Ocean Dr Unit 506 Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated Value: $859,000 - $1,124,000

3 Beds
2.5 Baths
1,220 Sq Ft
$686/mo HOA Fee

Last Sold February 28, 2022

Last sale price $765,000 $627 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,226/month

318 Days on Market

Highlights

  • Intercom to Front Desk
  • Deck
  • Breakfast Area or Nook
  • Skyline View
  • Marble Flooring
  • 2-minute walk to Miami Beach Ocean Walk

About This Home

As of February 2022

Top floor, corner duplex. This ultra-modern 1220 SF home features impeccable construction. Watch the sunset from your unique 1000SF private outdoor terrace.
Apartment 506 has three bedrooms and 2.5 bathrooms. Great layout with open kitchen with eat-in counter and new stainless appliances. Recessed lighting and custom marble floors throughout. Two full designer bathrooms and one-half bath for total comfort and convenience.
Washer/ Dryer installed. New AC system. Very low monthlies.
The association will be installing wood decking and divider walls to the outdoor space.

Last Agent to Sell the Property

Doreen Fuentes

Brown Harris Stevens License #3419765 Listed on: 04/16/2021

Brown Harris Stevens

Co-Listed By

Jessica Smith

MMLS Assoc.-Inactive Member License #3388545

Last Buyer's Agent

Agustin Tome

Real Living Infinity Int'l License #3252368

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,996

Year Built

  • Built in 1937 | Remodeled

HOA Fees

  • $686 Monthly HOA Fees

Home Design

  • Split Level Home

Interior Spaces

  • 1,220 Sq Ft Home
  • Built-In Features
  • Skyline Views
  • Intercom Access

Kitchen

  • Breakfast Area or Nook
  • Built-In Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter

Flooring

  • Concrete
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet
  • Shower Only

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Additional Features

  • Accessible Elevator Installed
  • Deck
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-082-0290

Community Details

Overview

  • 32 Units
  • The Drake Condo
  • The Drake Condo Subdivision
  • 5-Story Property

Amenities

  • Intercom to Front Desk

Pet Policy

  • Breed Restrictions

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,996

Year Built

Built in 1937 | Remodeled

Lot Details

0

HOA Fees

$686 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1937
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, Split Level
  • Co List Office Mls Id: DEOM09
  • Co List Office Phone: 305-695-6070
  • Entry Level: 5
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE DRAKE CONDO
  • Year Built Details: Condo-Conversion
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Cooking Island, Elevator, Walk-In Closet(s), Utility Room/Laundry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Concrete, Marble
  • Furnished: Unfurnished
  • Living Area: 1220
  • Other Equipment: Intercom
  • Possible Use: Unknown/Withheld
  • Stories: 5
  • Window Features: High Impact Windows
  • Bedroom Features: Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Snack Bar/Counter
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Other View, Skyline
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: The Drake Condo
  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Smoke Detector, Elevator Secure, Intercom In Lobby

Condo/Co-op/Association

  • Association Fee: 686
  • Amenities: None
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-082-0290
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 32
  • Number Of Units Total: 32

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9996

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Feb 23, 2022
Sold by
John Davidson
Bought by
Leforestier Franz and Leforestier Elise
Seller's Agent
Doreen Fuentes
Brown Harris Stevens
Buyer's Agent
Agustin Tome
Real Living Infinity Int'l
List Price
$812,000
Sold Price
$765,000
Premium/Discount to List
-$47,000
-5.79%
Current Estimated Value
$1,004,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,353
Avg. Annual Appreciation
8.19%

Purchase Details

Listed on
Aug 28, 2015
Closed on
Jul 20, 2016
Sold by
Adelman Michelle
Bought by
Davidson John and Davidson Jayne
Seller's Agent
David W. Pulley P.A.
The Agency Florida LLC
Buyer's Agent
Elissa Lithman
Coldwell Banker Realty
List Price
$775,000
Sold Price
$715,000
Premium/Discount to List
-$60,000
-7.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.21%

Purchase Details

Closed on
Mar 10, 2003
Sold by
Leonard Adam
Bought by
Adelman Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.43%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 14, 1997
Sold by
South Ocean Beach Properties Inc
Bought by
Leonard Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
7.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 1997
Sold by
South Ocean Beach Properties Inc
Bought by
Leonard Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
7.7%
Mortgage Type
New Conventional
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
Leforestier Franz $765,000 David Seif
Davidson John $715,000 Attorney
Adelman Michelle $305,000 --
Leonard Adam $100 --
Leonard Adam $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adelman Michelle $280,000
Previous Owner Adelman Michelle $60,000
Previous Owner Adelman Michelle $244,000
Previous Owner Leonard Adam $125,000
Previous Owner Leonard Adam $114,000
Previous Owner Leonard Adam $114,000
Closed Adelman Michelle $30,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2022 02/28/22 Sold $765,000 -5.8% $627 / Sq Ft
04/16/2021 04/16/21 For Sale $812,000 0.0% $666 / Sq Ft
08/14/2020 08/14/20 Rented $3,600 -10.0% --
07/07/2020 07/07/20 Under Contract -- -- --
05/14/2020 05/14/20 For Rent $4,000 0.0% --
07/22/2016 07/22/16 Sold $715,000 -4.5% $586 / Sq Ft
02/16/2016 02/16/16 Pending -- -- --
01/11/2016 01/11/16 Price Changed $749,000 -3.4% $614 / Sq Ft
08/28/2015 08/28/15 For Sale $775,000 0.0% $635 / Sq Ft
06/15/2013 06/15/13 Rented $3,500 -6.7% --
05/16/2013 05/16/13 Under Contract -- -- --
03/04/2013 03/04/13 For Rent $3,750 +15.4% --
04/06/2012 04/06/12 Rented $3,250 -13.3% --
04/06/2012 04/06/12 For Rent $3,750 -- --
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 $12,798 $720,000 -- --
2024 $11,338 $660,000 -- --
2023 $11,338 $600,000 $0 $0
2022 $9,395 $500,000 $0 $0
2021 $11,219 $572,451 $0 $0
2020 $10,412 $567,700 $0 $0
2019 $9,168 $473,100 $0 $0
2018 $10,345 $550,147 $0 $0
2017 $11,028 $579,102 $0 $0
2016 $8,799 $432,595 $0 $0
2015 $8,502 $393,269 $0 $0
2014 $7,517 $357,518 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Doreen Fuentes

    Brown Harris Stevens

    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jessica Smith

    MMLS Assoc.-Inactive Member

    Section Image

  • A

    Buyer's Agent in 2022

    Agustin Tome

    Real Living Infinity Int'l

  • Elissa Lithman

    Seller's Agent in 2020

    Elissa Lithman

    Coldwell Banker Realty

    (786) 319-7663

    1 in this area

    38 Total Sales

    Section Image

  • M

    Buyer's Agent in 2020

    MAR NON-MEMBER

    NO MLS PARTICIPATION (MAR)

    604 Total Sales

    Section Image

  • D

    Seller's Agent in 2016

    David W. Pulley P.A.

    The Agency Florida LLC

    (305) 695-1112

    1 in this area

    27 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11026204

MIAMI REALTORS® MLS

APN: 02-3234-082-0290

Florida Miami/Dade County Miami Beach 33139 Lummus Park

1460 Ocean Dr Unit 506, Miami Beach, FL

This home is located at 1460 Ocean Dr Unit 506, Miami Beach, FL 33139 since 16 April 2021 and is currently estimated at $1,004,353, approximately $823 per square foot. This property was built in 1937. 1460 Ocean Dr Unit 506 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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