$1,185,000
SOLD FEB 19, 2019
2 Beds
2 Baths
1,230 Sq Ft
$1,200/mo HOA Fee

Recently Sold

$963 Per Sq Ft

12% Below List Price

90 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 February 2023

Fully renovated south facing 2 Bed/2 Bath at Roney Palace. Great ocean views with 270 sq. ft. balcony spanning the width of the residence. The Roney shares the finest hotel amenities in South Beach with the 1 Hotel enjoying 3 pools, beach umbrella/chair & pool service, food and beverage service, several top rated on-site restaurants, valet parking, a new gym, and 600 feet of ocean frontage. Walk to Lincoln Road and the best of South Beach.
Flexible leasing policy allows for 12 thirty day leases per year.

Last Agent to Sell the Property

Matthew Crane

Compass Florida, LLC. License #3213650 Listed on: 11/01/2018

Compass Florida, LLC.

Last Buyer's Agent

Rodney Mendes Irala

Coldwell Banker Realty License #3249407

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,760

Year Built

  • Built in 1926

HOA Fees

  • $1,200 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,230 Sq Ft Home
  • Built-In Features
  • Sliding Windows
  • Combination Dining and Living Room
  • Ceramic Tile Flooring

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • 2 Full Bathrooms
  • Jettted Tub and Separate Shower in Primary Bathroom

Home Security

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 02-32-26-043-0850

Community Details

Overview

  • Club Membership Available
  • High-Rise Condominium
  • Roney Palace Condos
  • 17-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Sauna
  • Trash Chute
  • Clubhouse
  • Community Center
  • Party Room
  • Bar or Lounge

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $200

Security

  • Card or Code Access
  • Secure Elevator
  • High Impact Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,760

Year Built

Built in 1926

Lot Details

0

HOA Fees

$1,200 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1926
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 4
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, 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, Self Cleaning Oven
  • Interior Amenities: Built-in Features, Closet Cabinetry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1230
  • Possible Use: Investment
  • Stories: 17
  • Window Features: High Impact Windows, Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room, Snack Bar/Counter
  • Master Bathroom Features: Separate Tub & Shower, Whirlpool/Spa

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Roney Palace
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Elevator Secure, Card Entry

Condo/Co-op/Association

  • Association Fee: 1200
  • Amenities: Bar, Barbecue, Cabana, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Heated Pool, Other, Other Membership Available, Pool, Sauna, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-26-043-0850
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 200

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 15760

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2023
Sold by
Nasit Ahmet Sacit
Bought by
Roney 407 Llc
Current Estimated Value
$2,258,161

Purchase Details

Listed on
Jul 11, 2022
Closed on
Feb 14, 2023
Sold by
2301 Collins Ave Apt 407 Miami Beach Fl
Bought by
Nasit Ahmet Sacit
Seller's Agent
Sep Niakan
Blackbook Properties
Buyer's Agent
Bogachan Demirci
Sky Avenue Realty
List Price
$2,290,000
Sold Price
$2,100,000
Premium/Discount to List
-$190,000
-8.3%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.23%

Purchase Details

Listed on
Nov 1, 2018
Closed on
Feb 5, 2019
Sold by
Vanhelden Armand Van
Bought by
Sobe 1701 Llc
Seller's Agent
Matthew Crane
Compass Florida, LLC.
Buyer's Agent
Rodney Mendes Irala
Coldwell Banker Realty
List Price
$1,345,000
Sold Price
$1,185,000
Premium/Discount to List
-$160,000
-11.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.42%
Original Mortgage
$696,000
Interest Rate
4.3%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Oct 17, 2011
Closed on
Apr 18, 2012
Sold by
Cundiff Carl and Rigby Barbara
Bought by
Vanhelden Armand
Seller's Agent
Debi Quade
Cervera Real Estate Inc.
Buyer's Agent
Matthew Crane
Compass Florida, LLC.
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.88%

Purchase Details

Closed on
Dec 18, 2002
Sold by
Helms Alan Christian
Bought by
Cundiff Carl and Rigby Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
5.12%

Purchase Details

Closed on
Jul 21, 1998
Sold by
City National Bank Tr
Bought by
Helms Alan
Source: Public Records

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Range of Values:

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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
Quit Claim Deed -- None Listed On Document
Special Warranty Deed $2,100,000 Candor Title & Closing Service
Warranty Deed $1,185,000 Stewart Title Company
Warranty Deed $550,000 Attorney
Warranty Deed $375,000 Equity Land Title Inc
Trustee Deed $241,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,397,500 New Conventional
Previous Owner $264,000 Credit Line Revolving
Previous Owner $696,000 Credit Line Revolving
Previous Owner $63,000 Credit Line Revolving
Previous Owner $100,000 Unknown
Previous Owner $207,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Rented $28,467 +29.4% --
09/13/2023 09/13/23 Price Changed $22,000 +120.0% $18 / Sq Ft
07/11/2023 07/11/23 For Rent $10,000 0.0% --
02/14/2023 02/14/23 Sold $2,100,000 0.0% $1,707 / Sq Ft
01/01/2023 01/01/23 Rented $12,500 0.0% --
08/16/2022 08/16/22 Price Changed $2,250,000 -1.7% $1,829 / Sq Ft
07/11/2022 07/11/22 For Sale $2,290,000 0.0% $1,862 / Sq Ft
05/20/2022 05/20/22 For Rent $12,000 0.0% --
03/04/2022 03/04/22 Sold $2,150,000 -2.3% $1,748 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
12/14/2021 12/14/21 For Sale $2,200,000 +85.7% $1,789 / Sq Ft
02/19/2019 02/19/19 Sold $1,185,000 -8.5% $963 / Sq Ft
01/30/2019 01/30/19 Pending -- -- --
01/16/2019 01/16/19 Price Changed $1,295,000 -3.7% $1,053 / Sq Ft
11/01/2018 11/01/18 For Sale $1,345,000 0.0% $1,093 / Sq Ft
09/01/2017 09/01/17 Rented $4,000 -11.1% --
07/21/2017 07/21/17 Under Contract -- -- --
05/25/2017 05/25/17 For Rent $4,500 0.0% --
01/09/2017 01/09/17 Rented $4,500 -3.2% --
01/03/2017 01/03/17 Under Contract -- -- --
11/07/2016 11/07/16 Price Changed $4,650 -7.0% $4 / Sq Ft
07/15/2016 07/15/16 For Rent $5,000 0.0% --
04/18/2012 04/18/12 Sold $550,000 0.0% $447 / Sq Ft
03/04/2012 03/04/12 Pending -- -- --
10/17/2011 10/17/11 For Sale $550,000 -- $447 / Sq Ft
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 $35,796 $1,809,682 -- --
2024 $30,130 $1,904,928 -- --
2023 $30,130 $1,594,456 $0 $0
2022 $20,795 $1,089,379 $0 $0
2021 $19,122 $990,345 $0 $0
2020 $18,614 $961,500 $0 $0
2019 $17,368 $907,062 $0 $0
2018 $15,213 $809,019 $0 $0
2017 $16,018 $835,077 $0 $0
2016 $15,965 $759,161 $0 $0
2015 $15,760 $690,147 $0 $0
2014 $13,236 $627,407 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10564820

MIAMI REALTORS® MLS

APN: 02-3226-043-0850