$697,500
SOLD MAR 13, 2025
1 Bed
1 Bath
724 Sq Ft
$900/mo HOA Fee

Recently Sold

$963 Per Sq Ft

7% Below List Price

377 Days on Market

Highlights

  • Ocean Front
  • Heated Spa
  • Impact Glass
  • South Pointe Elementary School Rated A-
  • Balcony
  • 1-minute walk to Marjory Stoneman Douglas Park

About This Home

As of March 2025

Enjoy the best Miami Beach has to offer! Amazing Miami beach condo steps from the beach located in the highly desirable South of Fifth. This luxury one-bedroom condo with a HUGE Balcony is fully furnished, private indoor parking, a washer dryer, and has new hurricane-rated impact windows for your peace of mind. It has a very large balcony greatly expanding the living space area with a direct view of Marjory Stoneham Ocean Park on the Ocean and an old Mediterranean Villa reminiscent of an Italian village. Ocean Place comprises 2 buildings including 226 Ocean Drive with full access to amenities including Jacuzzi, heated Pool, recently updated Gym, brand new lobby and elevators.

Last Agent to Sell the Property

Jerome Brun De Saint Hippolyte

The Corcoran Group License #3478223 Listed on: 01/30/2024

The Corcoran Group

Last Buyer's Agent

Alberto Selma

Coldwell Banker Realty License #3094105

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,591

Year Built

  • Built in 2003

Lot Details

  • Ocean Front

HOA Fees

  • $900 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Property Views

  • Ocean
  • Pool

Interior Spaces

  • 724 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Ceramic Tile Flooring
  • Washer and Dryer

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Pool

  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Property has ocean access
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-266-0070

Community Details

Overview

  • Ocean Place Condo Subdivision
  • 8-Story Property

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Security Guard
  • Card or Code Access
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,591

Year Built

Built in 2003

Lot Details

0

HOA Fees

$900 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 2003
  • Entry Level: 3
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Closet Cabinetry, Elevator, Tub Shower, Walk-In Closet(s)
  • Private Spa: Yes
  • Furnished: Negotiable
  • Spa Features: Heated, In Ground, Community
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Tile
  • Living Area: 724.0
  • Stories: 8
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Balcony
  • View: Ocean, Pool
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered

Utilities

  • Security: Key Card Entry, Security Guard, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available

Condo/Co-op/Association

  • Association Fee: 900.0
  • Community Features: Non-Gated, Pool
  • Senior Community: No
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 02-42-03-266-0070
  • Zoning Description: RPS-3

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8591.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2024
Closed on
Mar 11, 2025
Sold by
Sp 225 Lp
Bought by
Lamela Priegues Alexa and Lamela Cesar Priegues
Seller's Agent
Jerome Brun De Saint Hippolyte
The Corcoran Group
Buyer's Agent
Alberto Selma
Coldwell Banker Realty
List Price
$750,000
Sold Price
$697,500
Premium/Discount to List
-$52,500
-7%
Views
106
Current Estimated Value
$678,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,876
Avg. Annual Appreciation
-4.18%
Original Mortgage
$472,500
Outstanding Balance
$470,897
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$215,091

Purchase Details

Listed on
May 19, 2021
Closed on
Jul 15, 2021
Sold by
Ocean Placc 3J Llc
Bought by
Sp 225 Lp
Seller's Agent
Julissa Duarte
One Sotheby's International Re
List Price
$579,000
Sold Price
$530,000
Premium/Discount to List
-$49,000
-8.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.79%
Original Mortgage
$397,500
Interest Rate
2.93%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Sep 20, 2013
Closed on
Mar 14, 2014
Sold by
Valverde Rene J
Bought by
Ocean Place 3J Llc
Seller's Agent
Rene Valverde
Rene Valverde
Buyer's Agent
Rene Valverde
Rene Valverde
List Price
$525,000
Sold Price
$385,000
Premium/Discount to List
-$140,000
-26.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.50%

Purchase Details

Closed on
Jun 12, 2013
Sold by
Rodriguez Robert
Bought by
Valverde Rene J

Purchase Details

Closed on
Apr 30, 2013
Sold by
Cm 10 Properties Llc
Bought by
Dehn Maciej B

Purchase Details

Closed on
Sep 20, 2010
Sold by
Rodriguez Robert
Bought by
Cm10 Properties Llc

Purchase Details

Closed on
Feb 18, 2005
Sold by
Pabon Jose
Bought by
Rodriguez Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
7.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 25, 2004
Sold by
226 Ocean Drive Ltd
Bought by
Pabon Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,920
Interest Rate
6.87%
Mortgage Type
Unknown
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 $697,500 Law Title
Warranty Deed $697,500 Law Title
Warranty Deed $530,000 Attorney
Warranty Deed $395,000 P & P Title Services Llc
Trustee Deed $337,000 None Available
Trustee Deed $57,900 None Available
Trustee Deed $14,800 None Available
Warranty Deed $390,000 --
Warranty Deed $239,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $472,500 New Conventional
Closed $472,500 New Conventional
Previous Owner $397,500 Future Advance Clause Open End Mortgage
Previous Owner $312,000 Fannie Mae Freddie Mac
Previous Owner $191,920 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2025 03/13/25 Sold $697,500 -7.0% $963 / Sq Ft
02/11/2025 02/11/25 Pending -- -- --
01/01/2025 01/01/25 For Sale $750,000 +7.5% $1,036 / Sq Ft
12/31/2024 12/31/24 Off Market $697,500 -- --
10/30/2024 10/30/24 Price Changed $750,000 -5.7% $1,036 / Sq Ft
10/28/2024 10/28/24 Price Changed $795,000 +6.0% $1,098 / Sq Ft
10/27/2024 10/27/24 Price Changed $750,000 +900.0% $1,036 / Sq Ft
10/27/2024 10/27/24 Price Changed $75,000 -90.6% $104 / Sq Ft
10/24/2024 10/24/24 Price Changed $795,000 +2.6% $1,098 / Sq Ft
07/29/2024 07/29/24 Price Changed $775,000 -2.5% $1,070 / Sq Ft
01/30/2024 01/30/24 For Sale $795,000 0.0% $1,098 / Sq Ft
07/01/2023 07/01/23 Rented $3,800 -2.6% --
05/08/2023 05/08/23 Price Changed $3,900 -2.5% $5 / Sq Ft
04/28/2023 04/28/23 Price Changed $4,000 -5.9% $6 / Sq Ft
04/21/2023 04/21/23 Price Changed $4,250 -5.6% $6 / Sq Ft
01/21/2023 01/21/23 Price Changed $4,500 -9.1% $6 / Sq Ft
12/06/2022 12/06/22 For Rent $4,950 +16.5% --
01/24/2022 01/24/22 Rented $4,250 -5.6% --
12/25/2021 12/25/21 Under Contract -- -- --
11/04/2021 11/04/21 For Rent $4,500 0.0% --
10/20/2021 10/20/21 Rented $4,500 -9.1% --
09/20/2021 09/20/21 Under Contract -- -- --
08/17/2021 08/17/21 For Rent $4,950 0.0% --
07/15/2021 07/15/21 Sold $530,000 -8.5% $732 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $579,000 0.0% $800 / Sq Ft
10/15/2020 10/15/20 Rented $2,850 -3.4% --
08/20/2020 08/20/20 For Rent $2,950 +13.5% --
06/14/2018 06/14/18 Rented $2,600 -5.5% --
05/18/2018 05/18/18 Under Contract -- -- --
03/08/2018 03/08/18 For Rent $2,750 +10.0% --
08/25/2016 08/25/16 Rented $2,500 -3.8% --
08/13/2016 08/13/16 Under Contract -- -- --
07/18/2016 07/18/16 Price Changed $2,600 -7.1% $4 / Sq Ft
05/26/2016 05/26/16 For Rent $2,800 -6.7% --
06/30/2014 06/30/14 Rented $3,000 -30.2% --
05/31/2014 05/31/14 Under Contract -- -- --
05/16/2014 05/16/14 For Rent $4,300 0.0% --
04/14/2014 04/14/14 Sold $385,000 -26.7% $532 / Sq Ft
03/15/2014 03/15/14 Pending -- -- --
09/20/2013 09/20/13 For Sale $525,000 -- $725 / Sq Ft
Source: BeachesMLS

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 $9,153 $487,099 -- --
2024 $8,766 $487,099 -- --
2023 $8,766 $463,904 $0 $0
2022 $7,997 $425,600 $0 $0
2021 $7,096 $334,400 $0 $0
2020 $5,885 $304,000 $0 $0
2019 $5,891 $304,000 $0 $0
2018 $6,890 $366,390 $0 $0
2017 $6,977 $366,390 $0 $0
2016 $6,924 $350,460 $0 $0
2015 $6,312 $318,600 $0 $0
2014 $5,885 $289,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10955132

BeachesMLS

APN: 02-4203-266-0070