$2,250,000
SOLD MAY 31, 2024
2 Beds
1.5 Baths
1,026 Sq Ft
$3,891/mo HOA Fee

Recently Sold

$2,193 Per Sq Ft

10% Below List Price

25 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Community Pool
  • Ocean Front
  • Furnished
  • 2-minute walk to Collins Park

About This Home

As of May 2024

Enjoy direct ocean views from your furnished 2 bed residence at the W Hotel. With the highly desirable capability to Rent your unit on a nightly basis. 514 has all of the comforts of home and full access to this 5-star resorts amenities and services: full service beach and pool service, several on-site restaurants serving breakfast, lunch and dinner with in-room dining. Lounges, a spa, a well-equipped gym, tennis and basketball courts and more!

Last Agent to Sell the Property

Tracy Galya

Douglas Elliman License #3239669 Listed on: 02/21/2024

Douglas Elliman

Co-Listed By

Raymond Jacomo

Douglas Elliman License #3484764

Last Buyer's Agent

Roy Rajeh

Avanti Way Realty LLC License #3337076

Avanti Way Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,719

Year Built

  • Built in 2009

HOA Fees

  • $3,891 Monthly HOA Fees

Parking

  • Secured Garage or Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,026 Sq Ft Home
  • Furnished
  • Blinds
  • Formal Dining Room
  • Den
  • Ocean Views

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Schools

  • South Pointe Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • Ocean Front
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-218-1600

Community Details

Overview

  • W Hotel And Residences Condos
  • 2201 Collins Ave Condo,W Hotel Subdivision
  • 19-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Elevator

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Secure Elevator
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,719

Year Built

Built in 2009

Lot Details

0

HOA Fees

$3,891 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2009
  • Property Sub Type: Condominium
  • Co List Office Mls Id: DEOM01
  • Co List Office Phone: 305-695-6300
  • Entry Level: 5
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 2201 COLLINS AVE CONDO,W Hotel
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Closet Cabinetry, Elevator, Den/Library/Office
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Other
  • Furnished: Furnished, Unfurnished, Turn Key Furnished
  • Living Area: 1026
  • Possible Use: Unknown/Withheld
  • Stories: 19
  • Window Features: Blinds, High Impact Windows
  • Bedroom Features: Entry Level
  • Dining Room Features: Formal Dining
  • Living Room Features: Den/Library/Office
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • View: Ocean View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: W Hotel and Residences
  • Parking Features: Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Elevator Secure, Card Entry, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 3891
  • Amenities: Basketball Court, Elevator(s), Exercise Room, Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-34-218-1600
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 26719

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
May 31, 2024
Sold by
Maguire William R and Zervos Joanne A
Bought by
W Special Property Llc
Seller's Agent
Tracy Galya
Douglas Elliman
Buyer's Agent
Roy Rajeh
Avanti Way Realty LLC
List Price
$2,495,000
Sold Price
$2,250,000
Premium/Discount to List
-$245,000
-9.82%
Views
26
Current Estimated Value
$2,534,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,810
Avg. Annual Appreciation
10.00%
Original Mortgage
$1,575,000
Outstanding Balance
$1,557,003
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$977,807

Purchase Details

Listed on
Nov 7, 2013
Closed on
Dec 31, 2013
Sold by
Weisman William S and Weisman Lauren B
Bought by
Maguire William R and Zervos Joanne A
Seller's Agent
Chris Leavitt
MMLS Assoc.-Inactive Member
Buyer's Agent
Andrew Katz
Howard Chase Real Estate, LLC
List Price
$1,895,000
Sold Price
$1,800,000
Premium/Discount to List
-$95,000
-5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.17%

Purchase Details

Closed on
Sep 23, 2011
Sold by
2201 Collins Fee Llc
Bought by
Weisman William S and Weisman Lauren B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
3.75%
Mortgage Type
New Conventional
Source: Public Records

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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 $2,250,000 Lincoln Land Services
Warranty Deed $1,800,000 Attorney
Special Warranty Deed $1,590,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,575,000 New Conventional
Previous Owner $300,000 Unknown
Previous Owner $850,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $2,250,000 -9.8% $2,193 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
02/21/2024 02/21/24 For Sale $2,495,000 +38.6% $2,432 / Sq Ft
01/07/2014 01/07/14 Sold $1,800,000 -5.0% $1,564 / Sq Ft
12/11/2013 12/11/13 Pending -- -- --
11/07/2013 11/07/13 For Sale $1,895,000 -- $1,646 / 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 $27,482 $1,762,058 -- --
2024 $26,719 $1,395,703 -- --
2023 $26,719 $1,268,821 $0 $0
2022 $23,136 $1,153,474 $0 $0
2021 $23,820 $1,233,662 $0 $0
2020 $23,883 $1,233,662 $0 $0
2019 $25,018 $1,371,051 $0 $0
2018 $22,885 $1,371,051 $0 $0
2017 $22,915 $1,105,978 $0 $0
2016 $22,207 $1,005,435 $0 $0
2015 $29,374 $1,457,151 $0 $0
2014 $26,914 $1,324,683 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11535609

MIAMI REALTORS® MLS

APN: 02-3234-218-1600