NOT LISTED FOR SALE

1500 Ocean Dr, Unit 703 Miami Beach, FL 33139

Miami Beach Boardwalk Neighborhood

Estimated Value: $1,971,000 - $3,563,000

2 Beds
3 Baths
1,740 Sq Ft
$1,357/mo HOA Fee

Last Sold July 03, 2015

Last sale price $1,700,000 $977 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $17,496/month

Highlights

  • Valet Parking
  • Fitness Center
  • Marble Flooring
  • Ocean Front
  • Newly Remodeled
  • 1-minute walk to Miami Beach Ocean Walk

About This Home

As of July 2015

This home is located at 1500 Ocean Dr Unit 703, Miami Beach, FL 33139 since 16 April 2015 and is currently estimated at $2,536,711, approximately $1,457 per square foot. This property was built in 1998. 1500 Ocean Dr Unit 703 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.

Last Agent to Sell the Property

Eloy Carmenate

The Corcoran Group License #3008688 Listed on: 04/16/2015

The Corcoran Group

Last Buyer's Agent

Ines Flax

One Sotheby's International Re License #0687724

One Sotheby's International Re

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,080

Year Built

  • Built in 1998 | Newly Remodeled

Lot Details

  • Ocean Front
  • South Facing Home

HOA Fees

  • $1,357 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Property Views

Home Design

  • Entry on the 7th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,740 Sq Ft Home
  • Built-In Features
  • Entrance Foyer
  • Marble Flooring

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access

Additional Features

  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-118-0250

Community Details

Overview

  • High-Rise Condominium
  • 1500 Ocean Drive Condos
  • 1500 Ocean Drive Subdivision
  • 24-Story Property

Amenities

  • Valet Parking
  • Sauna
  • Trash Chute
  • Community Center
  • Party Room
  • Elevator
  • Secure Lobby
  • Community Storage Space

Recreation

  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,080

Year Built

Built in 1998 | Newly Remodeled

Lot Details

0

HOA Fees

$1,357 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1998
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 7
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 1500 Ocean Drive
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Built-in Features, Entrance Foyer, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Entry Location: Foyer
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1740
  • Possible Use: Primary
  • Stories: 24
  • Bedroom Features: Entry Level

Exterior Features

  • View: Skyline, Ocean View, Water View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: 1500 Ocean Drive
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Assigned, Covered, Valet

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Card Entry, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1357
  • Amenities: Community Room, Elevator(s), Exercise Room, Storage, Heated Pool, Exterior Lighting, Sauna, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-118-0250
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 1357

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 26080

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2015
Closed on
Jul 2, 2015
Sold by
Sedky & Co Llc
Bought by
Choi Sunny D
Seller's Agent
Eloy Carmenate
The Corcoran Group
Buyer's Agent
Ines Flax
One Sotheby's International Re
List Price
$1,700,000
Sold Price
$1,700,000
Current Estimated Value
$2,536,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$836,711
Avg. Annual Appreciation
4.00%
Original Mortgage
$1,020,000
Outstanding Balance
$765,637
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,771,074

Purchase Details

Closed on
May 10, 2007
Sold by
Ruggeri Roberto and Ruggeri Claudia
Bought by
Sedky & Co Llc

Purchase Details

Closed on
Jan 26, 1999
Sold by
Jefferson Plaza Ltd
Bought by
Kollat David T
Source: Public Records

Range of Values:

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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
Choi Sunny D $1,700,000 Attorney
Sedky & Co Llc $1,385,000 Clear Title Services Inc
Kollat David T $530,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choi Sunny D $1,020,000
Previous Owner Ruggeri Roberto $1,048,000
Previous Owner Kollat David T $750,000
Previous Owner Kollat David T $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2015 07/06/15 For Sale $1,700,000 0.0% $977 / Sq Ft
07/03/2015 07/03/15 Sold $1,700,000 +29210.3% $977 / Sq Ft
04/16/2015 04/16/15 Pending -- -- --
06/03/2013 06/03/13 Rented $5,800 -17.1% --
05/04/2013 05/04/13 Under Contract -- -- --
03/31/2013 03/31/13 For Rent $7,000 -- --
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 $29,086 $1,663,376 -- --
2024 $27,340 $1,530,305 -- --
2023 $27,340 $1,391,187 $0 $0
2022 $25,368 $1,350,140 $0 $0
2021 $23,699 $1,227,400 $0 $0
2020 $26,403 $1,363,800 $0 $0
2019 $28,727 $1,482,400 $0 $0
2018 $29,124 $1,571,193 $0 $0
2017 $27,817 $1,396,616 $0 $0
2016 $30,828 $1,587,064 $0 $0
2015 $28,466 $1,390,207 $0 $0
2014 -- $1,263,825 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Eloy Carmenate

    Seller's Agent in 2015

    Eloy Carmenate

    The Corcoran Group

    (305) 395-4982

    5 in this area

    72 Total Sales

    Eloy Carmenate
    Section Image
  • Ines Flax

    Buyer's Agent in 2015

    Ines Flax

    One Sotheby's International Re

    (786) 218-7600

    22 in this area

    60 Total Sales

    Ines Flax
    Section Image

  • J

    Buyer's Agent in 2013

    John Mattocks

    MMLS Assoc.-Inactive Member

    Section Image
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About This Building

Map

Source: MIAMI REALTORS® MLS

MLS Number: A2140955

MIAMI REALTORS® MLS

APN: 02-3234-118-0250

Florida Miami/Dade County Miami Beach 33139 Miami Beach Boardwalk

1500 Ocean Dr Unit 703, Miami Beach, FL

This home is located at 1500 Ocean Dr Unit 703, Miami Beach, FL 33139 since 16 April 2015 and is currently estimated at $2,536,711, approximately $1,457 per square foot. This property was built in 1998. 1500 Ocean Dr Unit 703 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.

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