$602,193 - $799,000
RENTED JUL 1, 2024

The Riviera 2401 Collins Ave Unit 505 Miami Beach, FL 33140

Miami Beach Boardwalk Neighborhood
1 Bed
2 Baths
1,121 Sq Ft
$601 Price per Sq Ft

Last Sold June 15, 2021

Last sale price $580,000 $517 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,418/month

About This Home

As of June 2021

Enjoy the ultimate Miami Beach experience here at this impeccably renovated Riviera condo unit. This huge 1-bedroom unit facing South has been converted into a 2-bedroom, 2-bathroom with a glass balcony and impact glass doors. This contemporary-style unit features a fully-equipped kitchen, a washer/dryer, and exterior lighting. Building amenities include a 24-hour concierge, valet parking for 1 car, a fitness center, a pool, and direct access to the beach. Located across the street from the 1 Hotel, this beachfront unit is conveniently located within walking distance of some of the most popular destinations in Miami Beach, such as Lincoln Road Mall and Ocean Drive. This unit is available for long-term rental starting from April 16, 2024, to November 30, 2024, for $3,850/month.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
Jun 15, 2021
Sold by
Birman Karina and Birman Michael
Bought by
Axelrod Jannette and Axelrod Bruce
Seller's Agent
Ida Schwartz
Compass Florida, LLC.
Buyer's Agent
Sophia Albrecht
Thine Agency
List Price
$525,000
Sold Price
$580,000
Premium/Discount to List
$55,000
10.48%
Current Estimated Value
$673,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,798
Avg. Annual Appreciation
3.86%

Purchase Details

Listed on
Feb 28, 2015
Closed on
Jul 1, 2015
Sold by
Perea Margarita
Bought by
Birman Karina
Seller's Agent
Glenda Blanford
MMLS Assoc.-Inactive Member
Buyer's Agent
Glenda Blanford
MMLS Assoc.-Inactive Member
List Price
$450,000
Sold Price
$395,000
Premium/Discount to List
-$55,000
-12.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Axelrod Jannette $580,000 Clear Title Group
Birman Karina $395,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perea Margarita $48,500
Previous Owner Perea Margarita $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Rented $3,850 0.0% --
06/14/2024 06/14/24 Under Contract -- -- --
04/16/2024 04/16/24 For Rent $3,850 -23.0% --
12/13/2023 12/13/23 Rented -- -- --
08/15/2023 08/15/23 For Rent $5,000 +11.1% --
09/15/2021 09/15/21 Rented -- -- --
08/24/2021 08/24/21 Under Contract -- -- --
07/21/2021 07/21/21 For Rent $4,500 0.0% --
06/15/2021 06/15/21 Sold $580,000 +1.8% $517 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
04/08/2021 04/08/21 Price Changed $570,000 +8.6% $508 / Sq Ft
03/11/2021 03/11/21 For Sale $525,000 +32.9% $468 / Sq Ft
07/01/2015 07/01/15 Sold $395,000 -7.1% $352 / Sq Ft
06/08/2015 06/08/15 Pending -- -- --
04/13/2015 04/13/15 Price Changed $425,000 -5.6% $379 / Sq Ft
02/27/2015 02/27/15 For Sale $450,000 -- $401 / Sq Ft

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
2024 $7,755 $433,298 -- --
2023 $7,755 $393,908 $0 $0
2022 $6,728 $358,099 $0 $0
2021 $4,369 $267,198 $0 $0
2020 $5,557 $327,824 $0 $0
2019 $5,420 $320,454 $0 $0
2018 $5,142 $314,479 $0 $0
2017 $5,088 $308,011 $0 $0
2016 $5,837 $341,100 $0 $0
2015 $6,193 $294,802 $0 $0
2014 -- $268,002 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sophia Albrecht

    Seller's Agent in 2024

    Sophia Albrecht

    Thine Agency

    (305) 609-5500

    26 in this area

    42 Total Sales

    Sophia Albrecht
    Section Image
  • Ida Schwartz

    Seller's Agent in 2021

    Ida Schwartz

    Compass Florida, LLC.

    (305) 632-7386

    5 in this area

    85 Total Sales

    Ida Schwartz
    Section Image
  • Minette Schwartz

    Seller Co-Listing Agent in 2021

    Minette Schwartz

    Compass Florida, LLC.

    (305) 439-6628

    4 in this area

    105 Total Sales

    Minette Schwartz
    Section Image
  • Glenda Blanford

    Seller's Agent in 2015

    Glenda Blanford

    MMLS Assoc.-Inactive Member

    Section Image
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About The Riviera

Map

Florida Miami/Dade County Miami Beach 33139 Miami Beach Boardwalk

2401 Collins Ave Unit 505, Miami Beach, FL

This home is located at 2401 Collins Ave Unit 505, Miami Beach, FL 33140 and is currently estimated at $673,798, approximately $601 per square foot. 2401 Collins Ave Unit 505 is a home located in Miami-Dade County with nearby schools including North Beach 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.

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