NOT LISTED FOR SALE

Estimated Value: $1,394,000 - $1,633,000

1 Bed
1 Bath
880 Sq Ft
$1,537/ mo HOA Fee

Last Sold November 15, 2023

Last sale price $1,270,000 $1,443 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $11,067/month

80 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Bar or Lounge
  • North Beach Elementary School Rated A-
  • Community Cabanas
  • 3-minute walk to Collins Park

About This Home

As of November 2023

Ocean view, fully renovated oversized 1 bedroom with two walk-in closets, marble floors, granite countertops and directly on the Beach. Situated inside the same building as the luxurious 1 Hotel. Roney Palace residents enjoy the best of South Beach, access to 3 oceanfront swimming pools, hot tub and beach service. Onsite restaurants include Habitat, STK, Penthouse organic café, Watr at the Rooftop and more! Home to SoulCycle, Anatomy Gym, high-end spa, salon and retail fashion boutiques. Valet parking, full-time security, onsite management office. Cable, WiFi, water and valet with 1 parking spot included in maintenance. Rentals are allowed 12 times a year, 30 days minimum. It is a great investment opportunity! Unit is tenant occupied.

Last Agent to Sell the Property

Maria Fernanda Bustamante

Luxe Properties License #3429189 Listed on: 07/14/2023

Luxe Properties

Co-Listed By

Matthew Ackerman

MMLS Assoc.-Inactive Member License #3123470

Last Buyer's Agent

Laura Pantano

Coldwell Banker Realty License #3250448

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,073

Year Built

  • Built in 1926

HOA Fees

  • $1,537 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

Home Design

  • Entry on the 10th floor

Interior Spaces

  • 880 Sq Ft Home
  • Furnished
  • Ceramic Tile Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Property has ocean access

Additional Features

  • Accessible Elevator Installed
  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-26-043-1880

Community Details

Overview

  • High-Rise Condominium
  • Roney Palace Condo
  • Roney Palace Condo Subdivision
  • 20-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Sauna
  • Trash Chute
  • Clubhouse
  • Business Center
  • Community Center
  • Party Room
  • Bar or Lounge
  • Laundry Facilities
  • Secure Lobby
  • Elevator

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Card or Code Access
  • Secure Elevator
  • Clear Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,073

Year Built

Built in 1926

Lot Details

0 Sq Ft Lot

HOA Fees

$1,537 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1926
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: TDRE01
  • Co List Office Phone: 305-535-7599
  • Entry Level: 10
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: RONEY PALACE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Interior Amenities: Lobby, Elevator, Walk-In Closet(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished, Furnished
  • Living Area: 880
  • Other Equipment: Elevator
  • Possible Use: Investment
  • Stories: 20
  • Window Features: Clear Impact Glass, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level

Exterior Features

  • View: Ocean View, Pool Area View, Water View
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: RONEY PALACE CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Fire Alarm, Doorman, Elevator Secure, Card Entry, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1537
  • Amenities: Bar, Barbecue, Business Center, Cabana, Clubhouse-Clubroom, Laundry, Community Room, Elevator(s), Exercise Room, Other, Pool, Sauna, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-26-043-1880
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11073

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Nov 14, 2023
Sold by
Rodriguez Roberto and Rodriguez Vivian
Bought by
Mal Prosenjit and Mal Mahua
Seller's Agent
Maria Fernanda Bustamante
Luxe Properties
Buyer's Agent
Laura Pantano
Coldwell Banker Realty
List Price
$1,400,000
Sold Price
$1,270,000
Premium/Discount to List
-$130,000
-9.29%
Views
70
Current Estimated Value
$1,547,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,873
Avg. Annual Appreciation
8.82%
Original Mortgage
$882,000
Outstanding Balance
$864,032
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$683,841

Purchase Details

Closed on
Oct 5, 2002
Sold by
Thelma Singh I
Bought by
Rodriguez Roberto and Rodriguez Vivian

Purchase Details

Closed on
Jan 21, 2000
Sold by
City National Bank Of Florida
Bought by
Singh Thelma
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mal Prosenjit $1,270,000 None Listed On Document
Mal Prosenjit $1,270,000 None Listed On Document
Rodriguez Roberto $263,000 --
Singh Thelma $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mal Prosenjit $882,000
Closed Mal Prosenjit $882,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $1,270,000 -7.6% $1,443 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
08/30/2023 08/30/23 Price Changed $1,375,000 -1.8% $1,563 / Sq Ft
07/14/2023 07/14/23 For Sale $1,400,000 0.0% $1,591 / Sq Ft
05/01/2018 05/01/18 Rented $2,700 -4.4% --
04/19/2018 04/19/18 Off Market $2,825 -- --
04/02/2018 04/02/18 Price Changed $2,825 -2.6% $3 / Sq Ft
03/18/2018 03/18/18 Price Changed $2,900 -6.5% $3 / Sq Ft
03/01/2018 03/01/18 For Rent $3,100 +77.1% --
11/01/2013 11/01/13 Rented $1,750 -23.9% --
10/02/2013 10/02/13 Under Contract -- -- --
09/30/2013 09/30/13 For Rent $2,300 -- --
Source: MIAMI REALTORS® MLS

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 $17,707 $895,185 -- --
2024 $13,291 $942,300 -- --
2023 $13,291 $630,352 $0 $0
2022 $11,073 $573,048 $0 $0
2021 $10,182 $520,953 $0 $0
2020 $9,209 $479,200 $0 $0
2019 $8,343 $430,540 $0 $0
2018 $8,366 $473,121 $0 $0
2017 $8,378 $390,183 $0 $0
2016 $8,570 $354,712 $0 $0
2015 $8,380 $322,466 $0 $0
2014 $7,170 $301,338 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11419257

MIAMI REALTORS® MLS

APN: 02-3226-043-1880

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