NOT LISTED FOR SALE

225 Palm Ave Miami Beach, FL 33139

Star, Palm and Hibiscus Islands Neighborhood

Estimated Value: $2,330,364 - $5,218,000

3 Beds
3.5 Baths
2,340 Sq Ft
$1,338/Sq Ft Est. Value

Highlights

  • Gated with Attendant
  • No HOA
  • 1 Car Garage
  • South Pointe Elementary School Rated A-
  • Central Heating and Cooling System
  • 1-minute walk to Palm Island Park

About This Home

As of November 2015

Least expensive single family home rental on exclusive Palm/Hibiscus Island. Charming Deco 3bed 3.5bath home with impact doors & windows and 1 car garage. Guarded Palm Island amenities include: large waterfront park, tennis courts, basketball court, kids playground. Available for move-in October 1st.

Last Agent to Rent the Property

Nelson Gonzalez

BHHS EWM Realty License #0449460 Listed on: 08/31/2015

BHHS EWM Realty

Last Renter's Agent

Julieta Rodriguez

Morgan Realty Group LLC License #3284868

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,702

Year Built

  • Built in 1936

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 50x120
  • North Facing Home
  • Property is zoned 10/S FM

Parking

  • 1 Car Garage

Interior Spaces

  • 2,340 Sq Ft Home
  • 2-Story Property
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 10/1/15
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 02-42-05-002-0340

Community Details

Overview

  • No Home Owners Association
  • Riviera 1St & 2Nd Addn Am Subdivision

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,702

Year Built

Built in 1936

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: Yes
  • Available Date: 2015-10-01
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1936
  • Property Sub Type: Single Family Residence
  • Garage Yn: Yes
  • Horses: No
  • Lease Assignable: No
  • Lot Size: 50x120
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: RIVIERA 1ST & 2ND ADDN AM
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Microwave, Other Equipment/Appliances, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Furnished: Unfurnished
  • Living Area: 2340
  • Stories: 2
  • Window Features: Other Windows

Exterior Features

  • Direction Faces: North
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RIVIERA 1ST & 2ND ADDN AM
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Gated with Guard

Condo/Co-op/Association

  • Amenities: Guard At Gate
  • Association: No

Lot Info

  • Parcel Number: 02-42-05-002-0340
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6000
  • Zoning: 10/S FM
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2021
Sold by
Mercante Tania L and Tania L Mercante Revocable Tru
Bought by
Bush Christopher E and Lucia Christopher S
Current Estimated Value
$3,129,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Outstanding Balance
$1,026,562
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$2,199,462

Purchase Details

Closed on
Dec 2, 2010
Sold by
Mercante Tiziano and Mercante Tania L
Bought by
Mercante Tania L

Purchase Details

Closed on
Dec 30, 2004
Sold by
Faridad Derek J
Bought by
Mercante Tiziano and Mercante Tania L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 25, 2002
Sold by
Robert G Kreusler I
Bought by
Faridad Derek J

Purchase Details

Closed on
Apr 9, 1998
Sold by
Desiderio Piero L
Bought by
Kreusler Robert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 1994
Sold by
Desiderio Piero L and Nelson Jeffrey V
Bought by
Desiderio Piero L
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
Bush Christopher E $1,425,000 Attorney
Mercante Tania L -- Attorney
Mercante Tiziano $800,000 --
Faridad Derek J $540,000 --
Kreusler Robert G $350,000 --
Desiderio Piero L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bush Christopher E $1,140,000
Previous Owner Mercante Tiziano $300,000
Previous Owner Faridad Derek J $240,000
Previous Owner Kreusler Robert G $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2015 11/01/15 Rented $5,500 -7.6% --
10/02/2015 10/02/15 Under Contract -- -- --
08/31/2015 08/31/15 For Rent $5,950 +27.5% --
08/02/2013 08/02/13 Rented $4,666 -10.3% --
07/03/2013 07/03/13 Under Contract -- -- --
05/18/2013 05/18/13 For Rent $5,200 -- --
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 $25,702 $1,289,685 -- --
2024 $25,141 $1,253,339 -- --
2023 $25,141 $1,216,834 $0 $0
2022 $24,347 $1,181,393 $1,115,856 $65,537
2021 $22,655 $1,048,088 $0 $0
2020 $21,544 $1,051,937 $989,982 $61,955
2019 $21,728 $1,147,663 $989,982 $157,681
2018 $20,018 $1,147,693 $989,982 $157,711
2017 $19,094 $768,915 $0 $0
2016 $18,045 $699,014 $0 $0
2015 $16,823 $635,468 $0 $0
2014 $17,728 $769,657 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nelson Gonzalez

    Landlord's Agent in 2015

    Nelson Gonzalez

    BHHS EWM Realty

    (305) 674-4040

    4 in this area

    109 Total Sales

    Nelson Gonzalez
    Section Image
  • Julieta Rodriguez

    Tenant's Agent in 2015

    Julieta Rodriguez

    Morgan Realty Group LLC

    (305) 519-1376

    16 Total Sales

    Julieta Rodriguez
    Section Image

  • B

    Seller's Agent in 2013

    Barbara Hagen

    MMLS Assoc.-Inactive Member

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A2167574

MIAMI REALTORS® MLS

APN: 02-4205-002-0340

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

225 Palm Ave, Miami Beach, FL

This home is located at 225 Palm Ave, Miami Beach, FL 33139 since 31 August 2015 and is currently priced at $3,129,841. This property was built in 1936. 225 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.

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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