NOT LISTED FOR SALE

Estimated Value: $700,965 - $986,000

-- Bed
1 Bath
760 Sq Ft
$860/mo HOA Fee

Last Sold March 16, 2023

Last sale price $650,000 $855 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,908/month

133 Days on Market

Highlights

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

About This Home

As of March 2023

RONEY PALACE BOHO CHIC GEM WITH SPECTACULAR SUNSET VIEWS & RIGHT ON THE OCEAN IN THE HEART OF SOUTH BEACH! Beautifully Designed Turnkey Large Modern Studio Gut Renovated. Enjoy it While in South Beach; Great Opportunity for Short & Long term Rentals when you're gone. Light, White & Bright with Organic Light Wood Porcelain Floors Throughout. White Lacquer Custom Kitchen with Quartz Slab Countertops. Modern New White Bathroom with Dove Grey tiles. Furnished in Organic Hues of Cream, Beige & Black Bohemian Accents for a Relaxed Loungy Experience. Maintenance Fee Includes AC, Water, Cable, Internet, Security, Valet, Gym & Access to ALL One Hotel Amenities. Building Renovation by Pepe Calderin Design Expected Completion Early 2023. Located Minutes from Miami Beach's Best Dining & Entertainment!

Last Agent to Sell the Property

Andrea Badrutt

Luxe Living Realty License #3523418 Listed on: 11/02/2022

Luxe Living Realty

Last Buyer's Agent

Marta Ramirez

Coldwell Banker Realty License #3399479

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,653

Year Built

  • Built in 1926

HOA Fees

  • $860 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 11th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 760 Sq Ft Home
  • Furnished
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • Studio bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Additional Features

  • Ocean Front
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-26-043-3540

Community Details

Overview

  • Club Membership Available
  • Roney Palace Condo
  • Roney Palace Condo Subdivision
  • 17-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Trash Chute
  • Bar or Lounge
  • Laundry Facilities

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,653

Year Built

Built in 1926

Lot Details

0

HOA Fees

$860 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1926
  • Property Sub Type: Condominium
  • Entry Level: 11
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: RONEY PALACE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Ice Maker, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Walk-In Closet(s)
  • Full Bathrooms: 1
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 760
  • Possible Use: Investment
  • Stories: 17
  • Bedroom Features: Studio

Exterior Features

  • View: Skyline
  • Exterior Features: East Of Us1, None
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure, Card Entry, Other

Condo/Co-op/Association

  • Association Fee: 860
  • Amenities: Bar, Laundry, Heated Pool, Other Membership Available, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-26-043-3540
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7653

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2022
Closed on
Mar 15, 2023
Sold by
Essentra Home Solutions Llc
Bought by
Rooney 1127 Llc
Seller's Agent
Andrea Badrutt
Luxe Living Realty
Buyer's Agent
Marta Ramirez
Coldwell Banker Realty
List Price
$750,000
Sold Price
$650,000
Premium/Discount to List
-$100,000
-13.33%
Views
44
Current Estimated Value
$803,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,241
Avg. Annual Appreciation
8.41%
Original Mortgage
$350,000
Outstanding Balance
$339,826
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$463,415

Purchase Details

Listed on
Oct 16, 2017
Closed on
Feb 7, 2019
Sold by
Mansoori Hamzeh and Mansoori Sina
Bought by
Essentra Home Solutions Llc
Seller's Agent
Debi Quade
Cervera Real Estate Inc.
Buyer's Agent
Mitya Pizzedaz
Luxury Homes 25, LLC.
List Price
$410,000
Sold Price
$370,000
Premium/Discount to List
-$40,000
-9.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.73%

Purchase Details

Closed on
Sep 15, 2004
Sold by
Leyva Helena
Bought by
Mansoori Hamzeh and Mansoori Sina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2002
Sold by
City National Bank Of Florida
Bought by
Leyva Helena
Source: Public Records

Range of Values:

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Average Value
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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
Rooney 1127 Llc $650,000 --
Essentra Home Solutions Llc $370,000 Attorney
Mansoori Hamzeh $220,000 --
Leyva Helena $203,600 Equity Land Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rooney 1127 Llc $350,000
Previous Owner Mansoori Hamzeh $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/16/2023 03/16/23 Sold $650,000 -9.7% $855 / Sq Ft
01/05/2023 01/05/23 Price Changed $720,000 -4.0% $947 / Sq Ft
11/02/2022 11/02/22 For Sale $750,000 +102.7% $987 / Sq Ft
02/07/2019 02/07/19 Sold $370,000 -6.8% $487 / Sq Ft View Prior Sale
01/11/2019 01/11/19 Pending -- -- --
01/24/2018 01/24/18 Price Changed $397,000 -3.2% $522 / Sq Ft
10/13/2017 10/13/17 For Sale $410,000 0.0% $539 / Sq Ft
07/01/2016 07/01/16 Rented $1,900 0.0% --
06/15/2016 06/15/16 Under Contract -- -- --
05/23/2016 05/23/16 Price Changed $1,900 -9.5% $3 / Sq Ft
04/22/2016 04/22/16 For Rent $2,100 +16.7% --
07/01/2015 07/01/15 Rented $1,800 0.0% --
06/01/2015 06/01/15 Under Contract -- -- --
05/29/2015 05/29/15 For Rent $1,800 +5.9% --
04/07/2014 04/07/14 Rented $1,700 -5.6% --
03/08/2014 03/08/14 Under Contract -- -- --
02/24/2014 02/24/14 For Rent $1,800 -- --
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 $10,130 $512,141 -- --
2024 $9,169 $539,096 -- --
2023 $9,169 $440,990 $0 $0
2022 $7,653 $400,900 $0 $0
2021 $7,037 $364,455 $0 $0
2020 $7,928 $409,500 $0 $0
2019 $6,484 $367,930 $0 $0
2018 $5,387 $286,503 $0 $0
2017 $5,602 $289,873 $0 $0
2016 $6,214 $263,521 $0 $0
2015 $5,657 $239,565 $0 $0
2014 $5,292 $217,787 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11296779

MIAMI REALTORS® MLS

APN: 02-3226-043-3540