NOT LISTED FOR SALE

226 Ocean Dr Unit 5D Miami Beach, FL 33139

South Pointe Neighborhood

Estimated Value: $1,127,024 - $1,431,000

2 Beds
2 Baths
1,000 Sq Ft
2003 Built

Sale Details

Date Sold: February 25, 2014

Last sale price $820,000 $820 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $8,819 / mo

119 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Marble Flooring
  • South Pointe Elementary School Rated 9+
  • Fitness Center
  • 1-minute walk to Marjory Stoneman Douglas Park

About This Home

As of February 2014

The two bedroom, two bathroom residence is located in the coveted South of Fifth neighborhood in South Beach and offers direct views of the ocean and park. The residence features marble floors, an open kitchen and a spacious terrace. Ocean Place is in t he heart of South Beach and includes: private gated parking, pool and spa, fitness center and 24-hour security. Short term rentals are allowed.

Last Agent to Sell the Property

Pietro Belmonte

Douglas Elliman License #3197184 Listed on: 10/14/2013

Douglas Elliman

Co-Listed By

Leslie Brewer

MMLS Assoc.-Inactive Member License #3246969

Last Buyer's Agent

Yanely Cruz

Keller Williams Realty Miami Beach License #3118378

Keller Williams Realty Miami Beach

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,639

Year Built

  • Built in 2003

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $890 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener
  • Secured Garage or Parking

Home Design

  • Entry on the 5th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,000 Sq Ft Home
  • Partially Furnished
  • Combination Dining and Living Room
  • Marble Flooring
  • Direct Ocean Views
  • Washer

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Property has ocean access
  • Balcony

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-266-0380

Community Details

Overview

  • 49 Units
  • Mid-Rise Community
  • Ocean Place Condos
  • 8-Story Property

Amenities

  • Doorman
  • Trash Chute
  • Community Center
  • Party Room
  • Elevator

Recreation

  • Fitness Center
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,639

Year Built

Built in 2003

Lot Details

0 Sq Ft Lot

HOA Fees

$890 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Property Sub Type: Condominium
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • LastStatus: Pending
  • CurrentPrice: 820000
  • InternetRemarks: Ocean views. Modern Boutique bldg South of 5th. Designed by Architectonica. Next to the beach and fine dining.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Elevator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Marble
  • Furnished: Partially Furnished
  • Living Area: 1000
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Investment
  • Stories: 8
  • Bedroom Features: Primary Bedroom Ground Level
  • Dining Room Features: Dining/Living Room

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Ocean Place
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered

Utilities

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

Condo/Co-op/Association

  • Association Fee: 890
  • Amenities: Community Room, Elevator(s), Exercise Room, Heated Pool, Pool, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-266-0380

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 10639

Multi Family

  • Maintenance Expense: 890
  • Number Of Units In Community: 49
  • Number Of Units Total: 25

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2013
Closed on
Mar 11, 2014
Sold by
Bought by
Seller's Agent
Pietro Belmonte
Douglas Elliman
Buyer's Agent
Yanely Cruz
Keller Williams Realty Miami Beach
List Price
$895,000
Sold Price
$820,000
Premium/Discount to List
-$75,000
-8.38%
Current Estimated Value
$1,261,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,506
Avg. Annual Appreciation
3.57%
Original Mortgage
$529,750
Outstanding Balance
$402,184
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$859,322

Purchase Details

Closed on
Jan 25, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,250
Interest Rate
5.88%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 12, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,510
Interest Rate
5.25%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$820,000 Global Title Company Llc
$710,000 Attorney
$621,500 South Florida Title Group
$416,700 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $529,750
Previous Owner $417,000
Previous Owner $380,250
Previous Owner $312,510
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/25/2014 02/25/14 Sold $820,000 -3.4% $820 / Sq Ft
02/25/2014 02/25/14 Pending -- -- --
12/20/2013 12/20/13 Price Changed $849,000 -5.1% $849 / Sq Ft
10/28/2013 10/28/13 For Sale $895,000 -- $895 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,450 $748,160 -- --
2024 $12,528 $680,146 -- --
2023 $12,528 $618,315 $0 $0
2022 $11,357 $562,105 $0 $0
2021 $10,843 $511,005 $0 $0
2020 $8,993 $464,550 $0 $0
2019 $9,002 $464,550 $0 $0
2018 $11,067 $588,559 $0 $0
2017 $11,208 $588,559 $0 $0
2016 $13,450 $692,422 $0 $0
2015 $13,065 $659,450 $0 $0
2014 $11,910 $559,154 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pietro Belmonte

    Seller's Agent in 2014

    Pietro Belmonte

    Douglas Elliman

    (305) 695-6300

    3 in this area

    33 Total Sales

    Pietro Belmonte
    Section Image

  • L

    Seller Co-Listing Agent in 2014

    Leslie Brewer

    MMLS Assoc.-Inactive Member

    Section Image

  • Y

    Buyer's Agent in 2014

    Yanely Cruz

    Keller Williams Realty Miami Beach

    (305) 796-5702

    4 in this area

    38 Total Sales

    Yanely Cruz
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1862057

MIAMI REALTORS® MLS

APN: 02-4203-266-0380

Florida Miami/Dade County Miami Beach 33139 South Pointe

226 Ocean Dr Unit 5D, Miami Beach, FL

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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