NOT LISTED FOR SALE

Estimated Value: $1,154,000 - $1,348,000

1 Bed
1 Bath
900 Sq Ft
1926 Built

Sale Details

Date Sold: June 1, 2023

Last sale price $1,025,000 $1,139 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $9,204 / mo

103 Days on Market

Highlights

  • Doorman
  • Community Cabanas
  • Fitness Center
  • Ocean Front
  • Bar or Lounge
  • High Impact Door

About This Home

As of June 2023

BEAUTIFUL 1 BEDROOM 1 BATHROOM IN THE LEGENDARY RONEY PALACE WITH OCEAN VIEW AND BALCONY. WALKING DISTANCE TO LINCOLN RD FOR SHOPPING, ENTRETAINMENT AND RESTAURANTS. GREAT INVESTMENT OPPORTUNITY IN THE HEARTH OF SOUTH BEACH

Last Agent to Sell the Property

Jackeline Londono

Morgan Whitney Inc License #0661728 Listed on: 02/17/2023

Last Buyer's Agent

Jackeline Londono

Morgan Whitney Inc License #0661728 Listed on: 02/17/2023

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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,060

Year Built

  • Built in 1926

HOA Fees

  • $958 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking

Property Views

Home Design

  • Condo Hotel
  • Entry on the 9th floor

Interior Spaces

  • 900 Sq Ft Home
  • Ceramic Tile Flooring
  • Video Cameras

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Accessible Elevator Installed
  • Property has ocean access
  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-26-043-2420

Community Details

Overview

  • High-Rise Community
  • Roney Palace Condo
  • Roney Palace Condo Subdivision
  • 16-Story Property

Amenities

  • Doorman
  • Trash Chute
  • Bar or Lounge
  • Secure Lobby
  • Interior Hall
  • Elevator

Recreation

  • Community Cabanas

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,060

Year Built

Built in 1926

Lot Details

0 Sq Ft Lot

HOA Fees

$958 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1926
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: COLLINS AVE AND 23 STREET
  • Entry Level: 9
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access,Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: RONEY PALACE CONDO
  • Year Built Details: Condo-Hotel
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Interior Hall, Lobby, Elevator, Other
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 900
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 16
  • Bedroom Features: Entry Level

Exterior Features

  • View: Ocean View, Pool Area View
  • 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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Secured Garage/Parking, Lobby Secured, Other, TV Camera

Condo/Co-op/Association

  • Association Fee: 958
  • Amenities: Bar, Cabana, Elevator(s), Exercise Room, Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-26-043-2420
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10060

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
Feb 17, 2023
Closed on
May 30, 2023
Sold by
Bought by
Seller's Agent
Jackeline Londono
Morgan Whitney Inc
Buyer's Agent
Jackeline Londono
Morgan Whitney Inc
List Price
$899,000
Sold Price
$1,025,000
Premium/Discount to List
$126,000
14.02%
Views
50
Current Estimated Value
$1,229,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,234
Avg. Annual Appreciation
5.81%
Original Mortgage
$644,000
Outstanding Balance
$619,748
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$609,486

Purchase Details

Closed on
Sep 29, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,025,000 None Listed On Document
-- None Available
$163,000 --
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 $644,000
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
06/01/2023 06/01/23 Sold $1,025,000 +2.6% $1,139 / Sq Ft
03/08/2023 03/08/23 Price Changed $999,000 +11.1% $1,110 / Sq Ft
03/08/2023 03/08/23 For Sale $899,000 -12.3% $999 / Sq Ft
02/22/2023 02/22/23 Off Market $1,025,000 -- --
02/17/2023 02/17/23 For Sale $899,000 0.0% $999 / Sq Ft
12/17/2021 12/17/21 Rented -- -- --
01/08/2021 01/08/21 For Rent $4,500 -- --
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 $18,039 $958,375
2024 $12,368 $871,250
2023 $12,368 $543,655 $0 $0
2022 $10,060 $494,232 $0 $0
2021 $9,254 $449,302 $0 $0
2020 $8,559 $499,800 $0 $0
2019 $7,610 $429,342 $0 $0
2018 $6,909 $420,924 $0 $0
2017 $6,796 $306,881 $0 $0
2016 $7,022 $278,983 $0 $0
2015 $6,884 $253,621 $0 $0
2014 $5,051 $230,565 $0 $0
Source: Public Records

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11344826

MIAMI REALTORS® MLS

APN: 02-3226-043-2420

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