NOT LISTED FOR SALE

West Bay Plaza Condominiums 1688 West Ave Unit 501 Miami Beach, FL 33139

Flamingo Neighborhood

Estimated Value: $542,000 - $610,334

2 Beds
2 Baths
1,070 Sq Ft
1995 Built

Last Sold September 13, 2019

Last sale price $295,000 $276 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $3,844/month

Highlights

  • In Ground Pool
  • No HOA
  • Slate Flooring
  • Bay View
  • Eat-In Kitchen
  • 3-minute walk to Maurice Gibb Memorial Park ( Under Consturction )

About This Home

As of April 2021

Beautiful 2/2 completely renovated. Open kitchen with granite and SS/ island with cooktop and built in charging pad, new cabinetry, Floor to ceiling windows with water views, slate floors throughout , new bathrooms / master with xlarge walk in closet. Private balcony facing north. Ideal location in this well maintained boutique building on West Ave. Steps to Lincoln Road, Venetian Causeway , Sunset Harbor. Trader Joe's across the street. Best South Beach location! Building amenities include front desk, gym, pool & on site management. Unit comes with 1 assigned parking.

Last Agent to Rent the Property

James-Mason Boggs

Elite Sales Group License #3219713 Listed on: 04/02/2021

Last Renter's Agent

James-Mason Boggs

Elite Sales Group License #3219713 Listed on: 04/02/2021

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,765

Year Built

  • Built in 1995

Parking

  • 1 Car Garage

Property Views

  • Bay
  • Canal

Interior Spaces

  • 1,070 Sq Ft Home
  • Combination Dining and Living Room
  • Slate Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • In Ground Pool
  • Northwest Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 5/1/21
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 02-32-33-057-0040

Community Details

Overview

  • No Home Owners Association
  • High-Rise Condominium
  • West Bay Plaza Condo
  • West Bay Plaza Condo Subdivision

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Condo Details

Home Type

Condominium

Est. Annual Taxes

$7,765

Year Built

Built in 1995

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: Maximum 20 Lbs
  • Available Date: 2021-05-01
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1995
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Garage Yn: Yes
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: WEST BAY PLAZA CONDO
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Slate
  • Furnished: Unfurnished
  • Living Area: 1070
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen

Exterior Features

  • View: Bay, Canal
  • Direction Faces: Northwest
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: WEST BAY PLAZA CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-32-33-057-0040
  • Land Lease: No
  • Land Lease Amount Frequency: Annually
  • Zoning: 4100
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2023
Sold by
Elias Silvia
Bought by
Rumich Pantaleon Morel
Current Estimated Value
$577,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 14, 2018
Closed on
Sep 13, 2019
Sold by
Yhap Marie
Bought by
Morel Rumich Pantaleon and Elias Silvia Maria
Seller's Agent
Mildred Martinez Villamar
Villamar Real Estate & Investments
Buyer's Agent
Vivian De La Rosa
Realty World Executive Homes
List Price
$550,000
Sold Price
$295,000
Premium/Discount to List
-$255,000
-46.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.24%
Original Mortgage
$194,700
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 1995
Sold by
W Bay Plaza Inc
Bought by
Yhap Marie
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
Rumich Pantaleon Morel -- None Listed On Document
Morel Rumich Pantaleon $295,000 Flamingo Title Ins Agcy Inc
Yhap Marie $121,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rumich Pantaleon Morel $196,000
Previous Owner Morel Rumich Pantaleon $194,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Rented $3,000 0.0% --
04/03/2021 04/03/21 Under Contract -- -- --
04/01/2021 04/01/21 For Rent $3,000 0.0% --
09/13/2019 09/13/19 Sold $295,000 -0.3% $276 / Sq Ft
08/02/2019 08/02/19 Pending -- -- --
07/17/2019 07/17/19 Price Changed $295,900 -17.6% $277 / Sq Ft
07/11/2019 07/11/19 Price Changed $359,000 -0.8% $336 / Sq Ft
07/02/2019 07/02/19 Price Changed $362,000 -1.9% $338 / Sq Ft
06/24/2019 06/24/19 Price Changed $369,000 -5.9% $345 / Sq Ft
06/23/2019 06/23/19 Price Changed $392,000 -0.8% $366 / Sq Ft
06/17/2019 06/17/19 Price Changed $395,000 -0.8% $369 / Sq Ft
05/16/2019 05/16/19 Price Changed $398,000 -2.9% $372 / Sq Ft
05/09/2019 05/09/19 Price Changed $410,000 -9.3% $383 / Sq Ft
05/01/2019 05/01/19 Price Changed $452,000 -2.2% $422 / Sq Ft
04/30/2019 04/30/19 Price Changed $462,000 -0.4% $432 / Sq Ft
04/25/2019 04/25/19 Price Changed $464,000 -0.6% $434 / Sq Ft
04/20/2019 04/20/19 Price Changed $467,000 -0.8% $436 / Sq Ft
04/08/2019 04/08/19 Price Changed $471,000 -0.4% $440 / Sq Ft
03/28/2019 03/28/19 Price Changed $473,000 -0.4% $442 / Sq Ft
03/21/2019 03/21/19 Price Changed $475,000 -0.6% $444 / Sq Ft
03/11/2019 03/11/19 Price Changed $478,000 -0.4% $447 / Sq Ft
03/06/2019 03/06/19 Price Changed $480,000 -8.6% $449 / Sq Ft
02/14/2019 02/14/19 Price Changed $525,000 -2.4% $491 / Sq Ft
02/07/2019 02/07/19 Price Changed $538,000 -2.2% $503 / Sq Ft
02/02/2019 02/02/19 For Sale $550,000 +86.4% $514 / Sq Ft
08/20/2018 08/20/18 Off Market $295,000 -- --
08/13/2018 08/13/18 For Sale $550,000 -- $514 / 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 $7,765 $407,897 -- --
2024 $6,975 $370,816 -- --
2023 $6,975 $337,106 $0 $0
2022 $6,125 $306,460 $0 $0
2021 $5,379 $278,600 $0 $0
2020 $5,394 $278,600 $0 $0
2019 $7,209 $372,000 $0 $0
2018 $1,699 $161,942 $0 $0
2017 $1,672 $158,612 $0 $0
2016 $1,658 $155,350 $0 $0
2015 $1,681 $154,271 $0 $0
2014 $1,712 $153,047 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James-Mason Boggs

    Landlord's Agent in 2021

    James-Mason Boggs

    Elite Sales Group

    (786) 253-4680

    40 Total Sales

    James-Mason Boggs
    Section Image
  • Mildred Martinez Villamar

    Seller's Agent in 2019

    Mildred Martinez Villamar

    Villamar Real Estate & Investments

    (305) 336-2679

    58 Total Sales

    Mildred Martinez Villamar
    Section Image

  • V

    Buyer's Agent in 2019

    Vivian De La Rosa

    Realty World Executive Homes

    18 Total Sales

    Vivian De La Rosa
    Section Image
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About West Bay Plaza Condominiums

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11022003

MIAMI REALTORS® MLS

APN: 02-3233-057-0040

Florida Miami/Dade County Miami Beach 33139 Flamingo

1688 West Ave Unit 501, Miami Beach, FL

This home is located at 1688 West Ave Unit 501, Miami Beach, FL 33139 since 02 April 2021 and is currently priced at $577,834. This property was built in 1995. 1688 West Ave Unit 501 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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