Seller's Agent in 2022
Melissa Lorenzo
Lexan Real Estate, LLC
(786) 486-7860
2 in this area
77 Total Sales
Estimated Value: $2,246,792 - $6,461,000
3
Beds
2.5
Baths
2,259
Sq Ft
$1,795/Sq Ft
Est. Value
Highlights
- Gated Community
- Garden View
- Tennis Courts
- South Pointe Elementary School Rated A-
- No HOA
- 1-minute walk to Palm Island Park
About This Home
As of January 2022Currently least expensive property for sale on Palm or Hibiscus Islands. Tear down and build your dream home on exclusive, secure guarded gate Palm Island. Drive by front and rear of property, if interested schedule an appointment. Minutes from South Beach and the mainland, close to shops, restaurants, beaches, and airport. Unapproved short sale.***Unapproved short sale. Notice that commission split subject to change and needs the Bank final approval!!cooperating compensation may be reduced by lender PRIOR to receipt of purchase offer.
ALL OFFERS BY NOON 9/14 SEE BROKERS REMARKS
Last Agent to Sell the Property
Lexan Real Estate, LLC License #0665358 Listed on: 09/02/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,748
Year Built
- Built in 1935
Lot Details
- 6,000 Sq Ft Lot
- South Facing Home
- Property is zoned 0100
Parking
- 2 Car Garage
- Circular Driveway
- Open Parking
Home Design
- Barrel Roof Shape
- Concrete Block And Stucco Construction
Interior Spaces
- 2,259 Sq Ft Home
- 1-Story Property
- Den
- Garden Views
Kitchen
- Electric Range
- Microwave
Flooring
- Clay
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-42-05-002-0350
Community Details
Overview
- No Home Owners Association
- Riviera 1St & 2Nd Addn Am Subdivision
Amenities
- Picnic Area
Recreation
- Tennis Courts
Security
- Security Service
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 29, 2025
Sold by
Og Group Llc
Bought by
241 Palm Ave Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,864,000
Outstanding Balance
$2,720,719
Interest Rate
6.72%
Mortgage Type
Construction
Estimated Equity
$1,334,979
Purchase Details
Listed on
Sep 2, 2021
Closed on
Jan 21, 2022
Sold by
Zuloaga and Ivette
Bought by
Og Group Llc
Seller's Agent
Melissa Lorenzo
Lexan Real Estate, LLC
Buyer's Agent
Miguel Rodriguez
Lifestyle International Realty
List Price
$1,750,000
Sold Price
$1,625,000
Premium/Discount to List
-$125,000
-7.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.57%
Original Mortgage
$1,588,067
Interest Rate
3.55%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 26, 2003
Sold by
Zuloaga Sergio and Zuloaga Osmara
Bought by
Zuloaga Gustavo and Zuloaga Ivette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,750
Interest Rate
5.17%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 23, 1997
Sold by
Gustavo and Zuloaga Ivette
Bought by
Zuloaga Sergio and Zuloaga Osmara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 2, 1995
Sold by
Zuloaga Sergio and Zuloaga Osmara
Bought by
Zuloaga Gustavo and Zuloaga Ivette
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 241 Palm Ave Llc | $2,200,000 | Creative Title | |
| Og Group Llc | $1,625,000 | Creative Title | |
| Zuloaga Gustavo | $157,700 | -- | |
| Zuloaga Sergio | $360,000 | -- | |
| Zuloaga Gustavo | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 241 Palm Ave Llc | $2,864,000 | |
| Previous Owner | Og Group Llc | $2,088,525 | |
| Previous Owner | Og Group Llc | $1,588,067 | |
| Previous Owner | Zuloaga Gustavo | $650,000 | |
| Previous Owner | Zuloaga Gustavo | $70,000 | |
| Previous Owner | Zuloaga Sergio | $399,750 | |
| Previous Owner | Zuloaga Gustavo | $399,750 | |
| Previous Owner | Zuloaga Sergio | $288,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/21/2022 01/21/22 | Sold | $1,625,000 | -7.1% | $719 / Sq Ft |
| 10/01/2021 10/01/21 | Pending | -- | -- | -- |
| 09/01/2021 09/01/21 | For Sale | $1,750,000 | -- | $775 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $34,989 | $1,712,472 | $1,680,000 | $32,472 |
| 2024 | $32,332 | $1,706,355 | $1,680,102 | $26,253 |
| 2023 | $32,332 | $1,556,214 | $1,529,928 | $26,286 |
| 2022 | $29,591 | $630,000 | $0 | $0 |
| 2021 | $13,411 | $611,651 | $0 | $0 |
| 2020 | $13,279 | $603,207 | $0 | $0 |
| 2019 | $13,027 | $589,646 | $0 | $0 |
| 2018 | $12,410 | $578,652 | $0 | $0 |
| 2017 | $12,627 | $566,751 | $0 | $0 |
| 2016 | $12,023 | $555,095 | $0 | $0 |
| 2015 | $11,655 | $551,237 | $0 | $0 |
| 2014 | $11,919 | $546,863 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Lorenzo
-
Miguel Rodriguez
Buyer's Agent in 2022
Miguel Rodriguez
Lifestyle International Realty
(305) 926-5821
1 in this area
80 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11092640
APN: 02-4205-002-0350
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