$187,000
SOLD JUN 5, 2012

Ocean Reserve Sunny Condominium Sunny Isles Beach, FL 33160

1 Bed
1.5 Baths
1,005 Sq Ft
$485/mo HOA Fee

Recently Sold

$186 Per Sq Ft

199 Days on Market

Highlights

  • Doorman
  • Ocean View
  • Community Cabanas
  • Norman S. Edelcup/Sunny Isles Beach K-8 Rated A-
  • Property fronts an intracoastal waterway
  • 3-minute walk to Heritage Park

About This Home

As of December 2024

Great Investment opportunity in Sunny Isles Beach. Ocean Reserve is a full amenity building with direct beach access. Owner can rent three times annually, lenient rental restrictions! Located in Sunny Isles Beach, from every angle at Ocean Reserve you ar e facing the perfect direction. That's because the condo conversion is ideally situated between the Atlantic and Intracoastal right across from 2.5 miles of sandy beaches, down the road from Golden Beach and just North of Bal Harbour. Easy to show!

Last Agent to Sell the Property

Jenny Sepulveda

MMLS Assoc.-Inactive Member License #3247881 Listed on: 11/07/2011

Last Buyer's Agent

Jenny Sepulveda

MMLS Assoc.-Inactive Member License #3247881 Listed on: 11/07/2011

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 1973

HOA Fees

  • $485 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

Home Design

  • 1,005 Sq Ft Home
  • Entry on the 11th floor

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom

Outdoor Features

  • Unrestricted saltwater access
  • Balcony

Additional Features

  • Property fronts an intracoastal waterway
  • Central Heating and Cooling System

Community Details

Overview

  • Ocean Reserve Condos
  • Property has 17 Levels

Amenities

  • Doorman
  • Business Center

Recreation

Pet Policy

  • Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,000

Year Built

Built in 1973

Lot Details

0

HOA Fees

$485 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1973
  • Property Sub Type: Condominium
  • Entry Level: 11
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • Unit Levels: 17
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built Details: Condo-Conversion
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Carpet, Tile
  • Furnished: Unfurnished
  • Living Area: 1005
  • Possible Use: Secondary
  • Stories: 17
  • Bedroom Features: Other

Exterior Features

  • View: Intracoastal View, Ocean View, Pool Area View
  • Exterior Features: None, Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Ocean Reserve
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Limited # Of Vehicle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman

Condo/Co-op/Association

  • Association Fee: 485
  • Amenities: Business Center, Cabana, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Cats OK

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 2000

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
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 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

  • J

    Seller's Agent in 2024

    Jessica Elmaleh

    World Class Realty

    (786) 306-2404

    28 in this area

    36 Total Sales

    Jessica Elmaleh
    Section Image
  • Karina Sobrino

    Buyer's Agent in 2024

    Karina Sobrino

    Optimar International Realty

    (786) 333-9362

    15 in this area

    61 Total Sales

    Karina Sobrino
    Section Image

  • J

    Seller's Agent in 2013

    Jimena Palmieri

    Keller Williams Elite Properties

    (786) 859-9094

    2 in this area

    30 Total Sales

    Jimena Palmieri
    Section Image

  • M

    Buyer's Agent in 2013

    Maria Ramos

    Coldwell Banker Realty

    5 Total Sales

    Maria Ramos
    Section Image

  • J

    Seller's Agent in 2012

    Jenny Sepulveda

    MMLS Assoc.-Inactive Member

See All Agents

About Ocean Reserve Sunny Condominium

Source: MIAMI REALTORS® MLS

MLS Number: A1570724

MIAMI REALTORS® MLS

APN: 31-2202-048-1440

Florida Miami/Dade County Sunny Isles Beach

33160

This home and is currently priced at $187,000, approximately $186 per square foot. This property was built in 1973. This home is a home located in Miami-Dade County with nearby schools including Norman S. Edelcup/Sunny Isles Beach K-8, Highland Oaks Middle School, and Alonzo & Tracy Mourning 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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