NOT LISTED FOR SALE

240 Collins Ave Unit 7E w/Parking Miami Beach, FL 33139

South Pointe Neighborhood

Estimated Value: $257,123 - $647,000

-- Bed
1 Bath
440 Sq Ft
$438/mo HOA Fee

Last Sold March 27, 2024

Last sale price $285,000 $648 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,754/month

1,758 Days on Market

Highlights

  • Ocean View
  • Bike Room
  • 1 Car Attached Garage
  • South Pointe Elementary School Rated A-
  • Balcony
  • 1-minute walk to Washington Dog Park & Annex

About This Home

As of March 2024

Welcome to South Beach's finest ocean view penthouse studio! This residence boasts a private balcony with an Atlantic Ocean view. Situated in the highly sought-after South of Fifth neighborhood, you'll have easy access to world-class dining and entertainment options one block from the beach. Spacious floor plan, new AC, new light fixtures, new plumbing fixtures and freshly painted. Building features a recently remodeled lobby, new roof, secure gated and covered parking along with on site laundry facilities. Building completed 50 year certification. One parking space included. Don't miss this extraordinary opportunity to own a studio with an ocean view balcony. See broker remarks below. Please use show assist.

Last Agent to Sell the Property

Nirit Welkovitz

Nirit Realty, Inc. License #0384337 Listed on: 05/13/2019

Last Buyer's Agent

Ibis Egozi

IE Real Estate P.A. License #3518869

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,195

Year Built

  • Built in 1970

HOA Fees

  • $438 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener
  • Secured Garage or Parking
  • On-Street Parking
  • Open Parking

Property Views

  • Ocean
  • Garden

Home Design

  • Entry on the 7th floor
  • Studio

Interior Spaces

  • 440 Sq Ft Home
  • Blinds
  • Gas Range

Flooring

  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Schools

  • South Pointe Elementary School
  • Miami Beach High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Additional Features

  • Balcony
  • South Facing Home
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-115-0370

Community Details

Overview

  • 36 Units
  • Mid-Rise Condominium
  • Terrace View Towers Condos
  • Terrace View Towers Condo,Terrace View Towers Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 7-Story Property

Amenities

  • Trash Chute
  • Laundry Facilities
  • Secure Lobby
  • Bike Room

Pet Policy

  • No Pets Allowed

Building Details

Security

  • Secure Elevator
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,195

Year Built

Built in 1970

Lot Details

0

HOA Fees

$438 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Entry Level: 7
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: TERRACE VIEW TOWERS CONDO,Terrace View Towers
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Range, Refrigerator
  • Interior Amenities: Studio Apartment
  • Full Bathrooms: 1
  • Flooring: Ceramic Floor, Concrete
  • Furnished: Unfurnished
  • Living Area: 440
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Secondary
  • Stories: 7
  • Window Features: Blinds
  • Bedroom Features: None
  • Dining Room Features: Other
  • Living Room Features: Studio Apartment
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Garden View, Ocean View, Water View
  • Exterior Features: East Of Us1, Open Balcony
  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Terrace View Towers
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Space, Covered, On Street, Limited # Of Vehicle, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Laundry Features: Common Area
  • Security: Complex Fenced, Elevator Secure, Secured Garage/Parking, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 438
  • Amenities: Bike Storage, Laundry, Elevator(s), Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach

Lot Info

  • Parcel Number: 02-42-03-115-0370
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Multi Family

  • Maintenance Expense: 438
  • Number Of Units In Community: 36
  • Number Of Units Total: 36

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3195

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2019
Closed on
Mar 22, 2024
Sold by
Welkovitz Nirit
Bought by
Vaglica Domenico
Seller's Agent
Nirit Welkovitz
Nirit Realty, Inc.
Buyer's Agent
Ibis Egozi
IE Real Estate P.A.
List Price
$299,900
Sold Price
$285,000
Premium/Discount to List
-$14,900
-4.97%
Current Estimated Value
$384,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,281
Avg. Annual Appreciation
28.41%
Source: Public Records

Range of Values:

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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
Vaglica Domenico $285,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2024 03/27/24 Sold $285,000 -1.7% $648 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
01/13/2024 01/13/24 Price Changed $289,900 -3.3% $659 / Sq Ft
11/19/2023 11/19/23 For Sale $299,900 +5.2% $682 / Sq Ft
10/29/2023 10/29/23 Off Market $285,000 -- --
09/09/2023 09/09/23 Price Changed $299,900 -6.0% $682 / Sq Ft
06/17/2023 06/17/23 Price Changed $319,000 -8.6% $725 / Sq Ft
09/24/2022 09/24/22 Price Changed $349,000 -5.4% $793 / Sq Ft
09/08/2022 09/08/22 Price Changed $369,000 -7.5% $839 / Sq Ft
06/20/2022 06/20/22 For Sale $399,000 +40.0% $907 / Sq Ft
03/24/2022 03/24/22 Off Market $285,000 -- --
03/24/2022 03/24/22 Price Changed $399,000 0.0% $907 / Sq Ft
03/24/2022 03/24/22 For Sale $399,000 +40.0% $907 / Sq Ft
12/27/2021 12/27/21 Off Market $285,000 -- --
12/27/2021 12/27/21 For Sale -- -- --
10/19/2021 10/19/21 Off Market $285,000 -- --
01/29/2020 01/29/20 For Sale $259,000 -9.1% $589 / Sq Ft
10/23/2019 10/23/19 Off Market $285,000 -- --
09/24/2019 09/24/19 Price Changed $259,000 -3.7% $589 / Sq Ft
05/13/2019 05/13/19 For Sale $269,000 -- $611 / 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 $3,349 $222,749 -- --
2024 $3,329 $178,199 -- --
2023 $3,329 $175,016 $0 $0
2022 $2,989 $159,106 $0 $0
2021 $3,072 $159,106 $0 $0
2020 $2,906 $150,100 $0 $0
2019 $3,062 $158,000 $0 $0
2018 $2,923 $157,500 $0 $0
2017 $2,792 $140,275 $0 $0
2016 $2,592 $127,523 $0 $0
2015 $2,505 $115,930 $0 $0
2014 $2,179 $105,391 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nirit Welkovitz

    Seller's Agent in 2024

    Nirit Welkovitz

    Nirit Realty, Inc.

    (305) 582-1735

    1 in this area

    25 Total Sales

    Nirit Welkovitz
    Section Image
  • Ibis Egozi

    Buyer's Agent in 2024

    Ibis Egozi

    IE Real Estate P.A.

    3 in this area

    10 Total Sales

    Ibis Egozi
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10667766

MIAMI REALTORS® MLS

APN: 02-4203-115-0370

Florida Miami/Dade County Miami Beach 33139 South Pointe

240 Collins Ave Unit 7E w/Parking, Miami Beach, FL

This home is located at 240 Collins Ave Unit 7E w/Parking, Miami Beach, FL 33139 since 13 May 2019 and is currently estimated at $384,281, approximately $873 per square foot. This property was built in 1970. 240 Collins Ave Unit 7E w/Parking is a home located in Miami-Dade County with nearby schools including South Pointe Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

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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