NOT LISTED FOR SALE

Estimated Value: $5,768,137 - $9,623,000

4 Beds
4 Baths
2,322 Sq Ft
$3,311/Sq Ft Est. Value

Sale Details

Date Sold: April 26, 2021

Last sale price $4,360,000 $1,878 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $51,106 / mo

14 Days on Market

Highlights

  • Ocean Front
  • Canal View
  • Deck
  • South Pointe Elementary School Rated 9+
  • Room in yard for a pool
  • 1-minute walk to Palm Island Park

About This Home

As of April 2021

Location, location, location! This 8,000 sqft lot is located in the exclusive Palm Island, Miami Beach, offering 50 ft of waterfront, facing North East with amazing water views and the west side of Hibiscus Island. Because of its location, you will not have tourists' boats passing by the property and you will have easy access to the ocean from your own private dock. Keep your boat in front of your house and go for a nice boat ride wherever and whenever you want. Located at the end of the street, almost making it a cul de sac, this property offers a lot of privacy. Being offered As-Is, you can restore the existing home, or tear down the existing construction and build you dream home. This is perfect for an end user or a developer.

Last Agent to Sell the Property

Cristiano De Moraes Teixeira

Coldwell Banker Realty License #3471648 Listed on: 02/08/2021

Last Buyer's Agent

Paolo Coniglio

Compass Florida, LLC License #3085755

Compass Florida, LLC
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $63,104

Year Built

  • Built in 1954

Lot Details

  • 8,000 Sq Ft Lot
  • Ocean Front
  • Home fronts a canal
  • Northeast Facing Home
  • Rectangular Lot
  • Property is zoned 0100

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,322 Sq Ft Home
  • 1-Story Property
  • Canal Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Room in yard for a pool
  • No Fixed Bridges
  • Seawall
  • Deck
  • Outdoor Living Area

Utilities

  • Cooling Available
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 0242050010390

Community Details

Overview

  • Palm Island Subdivision

Recreation

  • Tennis Courts

Additional Features

  • Security
  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$63,104

Year Built

Built in 1954

Lot Details

8,000 Sq Ft Lot

HOA Fees

$500 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Year Built: 1954
  • Entry Level: 1
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, Main Level Primary
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Flooring: Other
  • Living Area: 2322.0
  • Stories: 1

Exterior Features

  • Exterior Features: Outdoor Living Area, Room For Pool
  • View: Canal, Water
  • Lot Features: Rectangular Lot
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front, No Fixed Bridges, Ocean Front, Seawall
  • Waterfront: Yes
  • Construction Type: Other
  • Direction Faces: Northeast
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Covered, Driveway, Garage

Utilities

  • Other Equipment: Other
  • Security: Security Guard
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 500.0
  • Pets Allowed: Yes
  • Community Features: Home Owners Association
  • Senior Community: No
  • Amenities: Security, Sidewalks, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No Pet Restrictions, Yes

Lot Info

  • Parcel #: 0242050010390
  • Lot Size Acres: 0.18
  • Mobile Dim Units: Feet
  • Zoning: 0100

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 63104.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Apr 26, 2021
Sold by
Tampa Invest & Finance Corp
Bought by
Seller's Agent
Cristiano De Moraes Teixeira
Coldwell Banker Realty
Buyer's Agent
Paolo Coniglio
Compass Florida, LLC
List Price
$4,490,000
Sold Price
$4,360,000
Premium/Discount to List
-$130,000
-2.9%
Current Estimated Value
$7,689,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,329,284
Avg. Annual Appreciation
11.12%
Original Mortgage
$2,180,000
Interest Rate
3.1%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 23, 2016
Sold by
Fae Holdings 462428R Llc
Bought by
Tampa Invest & Finance

Purchase Details

Closed on
Aug 18, 2015
Sold by
Wilson Charles M and Wilson Joyce Ann
Bought by
Fae Holdings 462428R Llc and Tampa Invest & Finance
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Star, Palm and Hibiscus Islands, FL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,360,000 Pinnacle Title
Tampa Invest & Finance -- Attorney
Fae Holdings 462428R Llc $4,100,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $7,485,000
Closed Peker Fuat Onur $2,200,000
Closed Peker Fuat Onur $2,180,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/26/2021 04/26/21 Sold $4,360,000 -2.9% $1,878 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $4,490,000 -- $1,934 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $98,162 $5,019,820
2024 $90,320 $4,563,473
2023 $90,320 $4,325,066 $0 $0
2022 $76,802 $3,931,879 $3,720,000 $211,879
2021 $63,555 $3,167,795 $2,880,000 $287,795
2020 $63,742 $3,169,030 $2,880,000 $289,030
2019 $64,177 $3,188,385 $2,880,000 $308,385
2018 $62,283 $3,189,850 $2,880,000 $309,850
2017 $72,220 $3,655,315 $0 $0
2016 $67,155 $3,352,780 $0 $0
2015 $10,140 $474,766 $0 $0
2014 $10,378 $470,999 $0 $0
Source: Public Records

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A10996247

BeachesMLS (Greater Fort Lauderdale)

APN: 02-4205-001-0390

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