$450,000
SOLD DEC 26, 2024
1 Bed
1.5 Baths
1,005 Sq Ft
$958/mo HOA Fee

Recently Sold

$448 Per Sq Ft

14% Below List Price

259 Days on Market

Highlights

  • Pool View
  • Furnished
  • Tennis Courts
  • Norman S. Edelcup/Sunny Isles Beach K-8 Rated A-
  • Community Pool
  • 3-minute walk to Heritage Park

About This Home

As of December 2024

Beautifully renovated and furnished 1 bedroom 1.5 bath unit for sale in Ocean Reserve. New kitchen, updated bathroom, new oven and sectional sofa. The apartment is currently rented until January 31st, 2025. Tenant is paying $2200/ month and has a 3 month kick out clause. NO RENTAL RESTRICTIONS IN THE BUILDING. Short term rentals and daily rentals are allowed. Contact listing agent. No Saturday showings.

Last Agent to Sell the Property

Jessica Elmaleh

World Class Realty License #3372242 Listed on: 03/29/2024

Last Buyer's Agent

Karina Sobrino

Optimar International Realty License #3157153

Optimar International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,415

Year Built

  • Built in 1972

HOA Fees

  • $958 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Condo Hotel
  • Entry on the 11th floor

Interior Spaces

  • 1,005 Sq Ft Home
  • Furnished
  • Ceramic Tile Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom

Utilities

  • Cooling Available
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 31-22-02-048-1440

Community Details

Overview

  • Ocean Reserve Condos
  • Ocean Reserve Condo Subdivision
  • 17-Story Property

Amenities

  • Laundry Facilities
  • Secure Lobby

Recreation

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,415

Year Built

Built in 1972

Lot Details

0

HOA Fees

$958 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1972
  • Property Sub Type: Condominium
  • Entry Level: 11
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: OCEAN RESERVE CONDO
  • Year Built Details: Condo-Hotel
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Other Equipment/Appliances
  • Interior Amenities: Other
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Floor
  • Furnished: Furnished
  • Living Area: 1005
  • Possible Use: Unknown/Withheld
  • Stories: 17
  • Bedroom Features: None

Exterior Features

  • View: Pool Area View
  • Exterior Features: Other, None
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Ocean Reserve
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Security: Lobby Secured

Condo/Co-op/Association

  • Association Fee: 958
  • Amenities: Laundry, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 31-22-02-048-1440
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5415

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2024
Closed on
Dec 26, 2024
Sold by
Erla Us Limited Partnership
Bought by
Maarija Llc
Seller's Agent
Jessica Elmaleh
World Class Realty
Buyer's Agent
Karina Sobrino
Optimar International Realty
List Price
$526,000
Sold Price
$450,000
Premium/Discount to List
-$76,000
-14.45%
Views
21
Current Estimated Value
$434,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,659
Avg. Annual Appreciation
-4.50%
Original Mortgage
$150,000
Outstanding Balance
$148,952
Interest Rate
6.78%
Mortgage Type
Balloon
Estimated Equity
$285,389

Purchase Details

Closed on
Sep 29, 2014
Sold by
Luca Sara Corp
Bought by
Erla Us Limited Partnership

Purchase Details

Listed on
Nov 7, 2011
Closed on
May 17, 2012
Sold by
Ocean View Developers Llc
Bought by
Luca Sara Corp
Seller's Agent
Jenny Sepulveda
MMLS Assoc.-Inactive Member
Buyer's Agent
Jenny Sepulveda
MMLS Assoc.-Inactive Member
List Price
$187,000
Sold Price
$187,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $450,000 Florida Title
Warranty Deed $450,000 Florida Title
Warranty Deed $450,000 Florida Title
Warranty Deed $267,500 Attorney
Special Warranty Deed $187,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 Balloon
Closed $150,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2024 12/26/24 Sold $450,000 -5.3% $448 / Sq Ft
10/07/2024 10/07/24 Price Changed $475,000 -2.1% $473 / Sq Ft
08/12/2024 08/12/24 Price Changed $485,000 -4.7% $483 / Sq Ft
06/24/2024 06/24/24 Price Changed $509,000 -3.2% $506 / Sq Ft
04/10/2024 04/10/24 For Sale $526,000 0.0% $523 / Sq Ft
10/04/2013 10/04/13 Rented $1,400 0.0% --
09/04/2013 09/04/13 Under Contract -- -- --
06/28/2013 06/28/13 For Rent $1,400 0.0% --
06/05/2012 06/05/12 Sold $187,000 0.0% $186 / Sq Ft
05/25/2012 05/25/12 Pending -- -- --
11/07/2011 11/07/11 For Sale $187,000 -- $186 / 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 $5,931 $388,786 -- --
2024 $5,415 $315,447 -- --
2023 $5,415 $286,770 $0 $0
2022 $4,469 $260,700 $0 $0
2021 $4,213 $237,000 $0 $0
2020 $4,052 $226,000 $0 $0
2019 $4,189 $233,000 $0 $0
2018 $4,086 $233,000 $0 $0
2017 $4,254 $237,881 $0 $0
2016 $4,351 $230,274 $0 $0
2015 $3,942 $209,340 $0 $0
2014 $3,621 $185,262 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11559785

MIAMI REALTORS® MLS

APN: 31-2202-048-1440