NOT LISTED FOR SALE

1565 S Miami Ave Miami, FL 33129

Brickell Neighborhood

Estimated Value: $3,391,000 - $4,192,000

0.34 Acre
$11,289,215 Price per Acre
14,810 Sq Ft Lot

Last Sold November 09, 2023

Last sale price $3,175,000

Est. 21% increase in value since last sale

Current estimated payment $23,005/month

118 Days on Market

Highlights

  • 0.34 Acre Lot
  • 5-minute walk to Financial District
  • 4-minute walk to Simpson Park
  • No HOA
  • Landscaped with Trees

About This Lot

As of November 2023

Endless Possibilities on this extremely rare 15,000 SF Double Lot on Historic South Miami Ave just steps away from the Heart of Brickell. This is a unique opportunity to develop your 7,000+ SF dream home on this double lot which could also feature a large outdoor area, pool, pickle ball / Padel court etc or you could develop 2 Homes on this site for investment to resell. Located within walking distance to the best Shopping, Restaurants and Parks that Brickell has to offer and is within 10 minutes to everything in Coconut Grove. Brickell has now become the financial capital of the South East US and within half a mile of this home you have some of the worlds largest Hedge Funds, Private Equity Companies, Law Firms etc opening their Miami Headquarters.

Last Agent to Sell the Property

Devin Kay

Douglas Elliman License #3282307 Listed on: 06/13/2023

Douglas Elliman

Last Buyer's Agent

Ruben Chamorro

Douglas Elliman License #3464126

Douglas Elliman

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,067

Lot Details

  • 0.34 Acre Lot
  • West Facing Home
  • Cleared Lot
  • Landscaped with Trees
  • Additional Parcels
  • Property is zoned 0100

Community Details

  • No Home Owners Association
  • Brickells Flagler Condos
  • Brickells Flagler Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-39-001-0070

Property Details

Property Type

Land

Est. Annual Taxes

$8,067

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Horses: No
  • Lot Size Acres: 0.34
  • New Construction: No
  • Structure Type: Residential
  • Subdivision Name: BRICKELLS FLAGLER
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • Direction Faces: West
  • Lot Features: Cleared, Other
  • Other Structures: None
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: BRICKELLS FLAGLER

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-39-001-0070
  • Additional Parcels: Yes
  • Current Use: Residential, Check Land Use Plan
  • Development Status: Other
  • Lot Size Sq Ft: 15000
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8067

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2023
Closed on
Nov 9, 2023
Sold by
Titophe Real Estate Llc
Bought by
Somi Ave Estates Llc
Seller's Agent
Devin Kay
Douglas Elliman
Buyer's Agent
Ruben Chamorro
Douglas Elliman
List Price
$3,500,000
Sold Price
$3,175,000
Premium/Discount to List
-$325,000
-9.29%
Views
59
Current Estimated Value
$3,838,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$663,333
Avg. Annual Appreciation
11.86%
Original Mortgage
$1,587,500
Interest Rate
7.49%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 25, 2022
Sold by
Ricardo Olloqui
Bought by
Titophe Real Estate Llc

Purchase Details

Closed on
Mar 4, 2009
Sold by
Amended Young James B
Bought by
Olloqui Ricardo
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
Somi Ave Estates Llc $3,175,000 None Listed On Document
Titophe Real Estate Llc $2,790,000 Day Pitney Llp
Olloqui Ricardo -- Attorney
Olloqui Ricardo $750,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Somi Ave Estates Llc $1,587,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2023 11/09/23 Sold $3,175,000 -9.3% --
10/10/2023 10/10/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $3,500,000 -- --
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 $27,041 $1,312,500 $1,312,500 --
2024 $20,044 $1,349,789 $1,349,789 --
2023 $20,044 $975,082 $975,082 $0
2022 $8,067 $242,211 $0 $0
2021 $7,752 $220,192 $0 $0
2020 $7,533 $658,775 $658,775 $0
2019 $7,068 $627,382 $627,382 $0
2018 $6,575 $627,382 $627,382 $0
2017 $5,885 $150,396 $0 $0
2016 $5,003 $136,724 $0 $0
2015 $4,243 $124,295 $0 $0
2014 $6,669 $225,993 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Devin Kay

    Seller's Agent in 2023

    Devin Kay

    Douglas Elliman

    (305) 695-6300

    5 in this area

    68 Total Sales

    Devin Kay
    Section Image
  • Ruben Chamorro

    Buyer's Agent in 2023

    Ruben Chamorro

    Douglas Elliman

    (954) 278-0424

    9 in this area

    41 Total Sales

    Ruben Chamorro
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11403107

MIAMI REALTORS® MLS

APN: 01-4139-001-0070

Florida Miami/Dade County Miami 33129 Brickell

1565 S Miami Ave, Miami, FL

This home is located at 1565 S Miami Ave, Miami, FL 33129 since 13 June 2023 and is currently estimated at $3,838,333. 1565 S Miami Ave is a home located in Miami-Dade County with nearby schools including Coral Way K-8 Center, Shenandoah Middle School, and Miami 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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