NOT LISTED FOR SALE

222 Palm Ave Miami Beach, FL 33139

Star, Palm and Hibiscus Islands Neighborhood

Estimated Value: $2,393,552 - $6,025,000

0.18 Acre
$21,989,656 Price per Acre
8,000 Sq Ft Lot

Last Sold May 06, 2021

Last sale price $1,750,000 $904 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $24,582/month

14 Days on Market

Highlights

  • No HOA
  • Landscaped with Trees
  • 1-minute walk to Palm Island Park
  • South Pointe Elementary School Rated A-

About This Lot

As of May 2021

Exclusive Palm Island 8,000 sf vacant lot with fully approved plans to build right away! Don't miss out on this rare opportunity to build your dream home or invest in the future on this vacant lot. Palm Island is situated perfectly between Miami Beach and Downtown/Brickell Miami, enclosed gated island with its own 24 hr police service. This tropical island features pristine water and city views , basketball courts, tennis courts, children's playground, raised streets and brand new lush landscaping project just completed throughout the island walkways and common areas.

Last Agent to Sell the Property

George Burns

Compass Florida, LLC License #3360700 Listed on: 04/08/2021

Compass Florida, LLC

Co-Listed By

Albert Justo

One Sotheby's International Re License #3070592

Last Buyer's Agent

Beatriz Turro

Optimar International Realty License #3361626

Optimar International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $25,735

Lot Details

  • 8,000 Sq Ft Lot
  • South Facing Home
  • Landscaped with Trees
  • Property is zoned 0100

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Palm Island Condos
  • Palm Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-42-05-001-0430

Property Details

Property Type

Land

Est. Annual Taxes

$25,735

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Co List Office Mls Id: OSIR03
  • Co List Office Phone: 305-538-9711
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Structure Type: Residential
  • Subdivision Name: PALM ISLAND
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • View: None
  • Direction Faces: South
  • Lot Features: City Location, Other
  • Other Structures: None
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PALM ISLAND

Utilities

  • Utilities: No Utilities, None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-42-05-001-0430
  • Additional Parcels: No
  • Current Use: Residential, Other Usage
  • Development Status: Other
  • Lot Size Sq Ft: 8000
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 25735

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 5, 2021
Sold by
San Antonio Dbx Real Estate Inc
Bought by
Pedrosa Ignacio and Gomez Laura Gonzalez
Seller's Agent
George Burns
Compass Florida, LLC
Buyer's Agent
Beatriz Turro
Optimar International Realty
List Price
$1,750,000
Sold Price
$1,750,000
Current Estimated Value
$3,958,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,208,138
Avg. Annual Appreciation
14.56%

Purchase Details

Closed on
Dec 26, 2013
Sold by
Cabeiro Vicente
Bought by
San Antonio Dbx Real Estate Inc

Purchase Details

Closed on
Apr 27, 2012
Sold by
Vernell Theodora
Bought by
Cabeiro Vicente
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
Pedrosa Ignacio $1,750,000 Optimar Title Llc
San Antonio Dbx Real Estate Inc $362,500 --
Cabeiro Vicente $725,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taboada Ignacio Pedrosa $2,120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2021 05/06/21 Sold $1,750,000 0.0% $904 / Sq Ft
04/22/2021 04/22/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $1,750,000 -- $904 / 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 $38,196 $1,980,448 -- --
2024 $35,092 $1,800,408 -- --
2023 $35,092 $1,636,735 $0 $0
2022 $29,420 $1,487,941 $1,487,941 $0
2021 $26,685 $1,320,156 $1,320,156 $0
2020 $25,735 $1,320,156 $1,320,156 $0
2019 $24,384 $1,320,156 $1,320,156 $0
2018 $22,378 $1,320,156 $1,320,156 $0
2017 $20,449 $929,280 $0 $0
2016 $20,572 $844,800 $0 $0
2015 $19,631 $809,465 $0 $0
2014 $16,576 $735,878 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • George Burns

    Seller's Agent in 2021

    George Burns

    Compass Florida, LLC

    (305) 904-7703

    3 in this area

    29 Total Sales

    George Burns
    Section Image
  • Albert Justo

    Seller Co-Listing Agent in 2021

    Albert Justo

    One Sotheby's International Re

    (786) 326-9613

    7 in this area

    38 Total Sales

    Albert Justo
    Section Image

  • B

    Buyer's Agent in 2021

    Beatriz Turro

    Optimar International Realty

    (917) 328-2134

    1 in this area

    2 Total Sales

    Beatriz Turro
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11025204

MIAMI REALTORS® MLS

APN: 02-4205-001-0430

Florida Miami/Dade County Miami Beach 33139 Star, Palm and Hibiscus Islands

222 Palm Ave, Miami Beach, FL

This home is located at 222 Palm Ave, Miami Beach, FL 33139 since 08 April 2021 and is currently estimated at $3,958,138, approximately $2,045 per square foot. 222 Palm Ave is a home located in Miami-Dade County with nearby schools including South Pointe Elementary School, 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.

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