NOT LISTED FOR SALE

242 Meridian Ave Miami Beach, FL 33139

South Pointe Neighborhood

Estimated Value: $1,922,000 - $3,850,000

4,200 Acres
$747 Price per Acre
182,952,000 Sq Ft Lot

Last Sold March 16, 2022

Last sale price $2,450,000 $1,357 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $20,021/month

156 Days on Market

Highlights

  • 4,200 Acre Lot
  • No HOA
  • Fenced
  • South Pointe Elementary School Rated A-
  • Landscaped with Trees
  • 2-minute walk to Washington Dog Park & Annex

About This Lot

As of March 2022

Extremely Rare Opportunity to Rent a Single Family Home South of 5th!!! This residence has recently undergone a $250K renovation project and has been furnished with the latest collections from Restoration Hardware and Pottery Barn. The advertised rate is based on annual rental. Ready to move in. Annual rental only

Last Agent to Sell the Property

Krste Stojanoski

London Foster Realty License #3321581 Listed on: 10/07/2021

London Foster Realty

Co-Listed By

Pamela Bahouth

London Foster Realty License #3184763

Last Buyer's Agent

Issam Shalhoub

One Sotheby's International Realty License #3250281

One Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,412

Lot Details

  • 4,200 Acre Lot
  • East Facing Home
  • Fenced
  • Landscaped with Trees
  • Property is zoned 3002

Community Details

  • No Home Owners Association
  • Ocean Beach Addn No 3 Condos
  • Ocean Beach Addn No 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-009-5320

Property Details

Property Type

Land

Est. Annual Taxes

$24,412

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Co List Office Mls Id: LNFS01
  • Co List Office Phone: 305-514-0100
  • Horses: No
  • Lot Size Acres: 4200
  • New Construction: No
  • Structure Type: Residential
  • Subdivision Name: OCEAN BEACH ADDN NO 3
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: Fenced
  • Other Structures: Livable, Other Bldg Incl
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: OCEAN BEACH ADDN NO 3

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-42-03-009-5320
  • Additional Parcels: No
  • Current Use: Residential, Other Usage
  • Development Status: Recorded Plat
  • Lot Size Sq Ft: 4200
  • Zoning: 3002
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 24412

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Mar 16, 2022
Sold by
Pegasus Investments Properties Llc
Bought by
Pegasus Miami Investments Inc
Seller's Agent
Krste Stojanoski
London Foster Realty
Buyer's Agent
Issam Shalhoub
One Sotheby's International Realty
List Price
$2,500,000
Sold Price
$2,450,000
Premium/Discount to List
-$50,000
-2%
Current Estimated Value
$3,136,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$686,554
Avg. Annual Appreciation
7.63%
Original Mortgage
$1,612,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 16, 2017
Closed on
Apr 16, 2019
Sold by
Ortiz Martha R
Bought by
Prague Investment Properties Llc
Seller's Agent
David Ballard
Florida Realty of Miami Corp
Buyer's Agent
Jorn Lahmann
Lahmann Global R.E., LLC
List Price
$1,015,000
Sold Price
$950,000
Premium/Discount to List
-$65,000
-6.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.95%
Original Mortgage
$900,000
Interest Rate
4%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 29, 2012
Sold by
Mesa Maria and Ortiz Martha R
Bought by
Ortiz Martha R

Purchase Details

Closed on
Feb 3, 2006
Sold by
Ormes Estate Investments Corp
Bought by
Mesa Maria and Ortiz Maria

Purchase Details

Closed on
Apr 15, 2002
Sold by
Jeanette Varela I
Bought by
First Meridian Properties Llc

Purchase Details

Closed on
Apr 11, 2000
Sold by
Dinatale Adolfo G and Dinatale Lilian E
Bought by
Ormes Estate Investments Corp

Purchase Details

Closed on
Jun 30, 1999
Sold by
Ng Chung Y and Ng Angela
Bought by
Varela Jeanette

Purchase Details

Closed on
Jul 9, 1997
Sold by
Gross Louis and Gross Marilyn
Bought by
Ng Chung Yin and Ng Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 1993
Sold by
Selenow Victor
Bought by
Gross Louis E and Gross Marilyn
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
Pegasus Miami Investments Inc $2,450,000 Bagan Paxton
Prague Investment Properties Llc $950,000 Consumers First Title Co Inc
Ortiz Martha R -- None Available
Mesa Maria -- None Available
First Meridian Properties Llc $920,000 --
Ormes Estate Investments Corp $320,000 --
Varela Jeanette $550,000 --
Ng Chung Yin $525,000 --
Gross Louis E $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pegasus Miami Investments Inc $1,675,000
Closed Pegasus Miami Investments Inc $1,612,000
Previous Owner Prague Investment Properties Llc $900,000
Previous Owner Mesa Maria $250,000
Previous Owner Ormes Estate Investment Corp $375,000
Previous Owner Ng Chung Yin $212,000
Previous Owner Ng Chung Yin $100,000
Previous Owner Ng Chung Yin $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2024 09/01/24 For Rent $19,000 0.0% --
03/16/2022 03/16/22 Sold $2,450,000 -2.0% $1,357 / Sq Ft
03/12/2022 03/12/22 Pending -- -- --
10/07/2021 10/07/21 For Sale $2,500,000 +163.2% $1,384 / Sq Ft
04/29/2019 04/29/19 Sold $950,000 -3.6% $526 / Sq Ft
02/27/2019 02/27/19 Pending -- -- --
02/16/2019 02/16/19 Price Changed $985,000 -3.0% $545 / Sq Ft
02/07/2019 02/07/19 For Sale $1,015,000 0.0% $562 / Sq Ft
01/19/2019 01/19/19 Pending -- -- --
11/27/2018 11/27/18 Price Changed $1,015,000 -10.6% $562 / Sq Ft
10/02/2018 10/02/18 Price Changed $1,135,000 -12.7% $628 / Sq Ft
02/26/2017 02/26/17 Price Changed $1,300,000 -5.5% $720 / Sq Ft
01/14/2017 01/14/17 For Sale $1,375,000 -- $761 / 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 $32,374 $1,824,517 $1,470,000 $354,517
2024 $32,637 $1,722,796 $1,365,000 $357,796
2023 $32,637 $1,727,148 $1,365,000 $362,148
2022 $25,666 $1,366,000 $1,365,000 $1,000
2021 $24,348 $1,261,000 $1,260,000 $1,000
2020 $24,412 $1,261,000 $1,260,000 $1,000
2019 $20,888 $1,261,000 $1,260,000 $1,000
2018 $19,144 $1,261,000 $1,260,000 $1,000
2017 $18,487 $802,366 $0 $0
2016 $18,574 $729,424 $0 $0
2015 $14,983 $663,113 $0 $0
2014 $12,976 $602,830 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Krste Stojanoski

    Seller's Agent in 2022

    Krste Stojanoski

    London Foster Realty

    (305) 666-1800

    4 in this area

    10 Total Sales

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  • Pamela Bahouth

    Seller Co-Listing Agent in 2022

    Pamela Bahouth

    London Foster Realty

    (305) 469-3100

    2 in this area

    11 Total Sales

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  • Issam Shalhoub

    Buyer's Agent in 2022

    Issam Shalhoub

    One Sotheby's International Realty

    (305) 930-5805

    1 in this area

    52 Total Sales

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  • David Ballard

    Seller's Agent in 2019

    David Ballard

    Florida Realty of Miami

    (305) 710-8411

    14 Total Sales

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  • L

    Seller Co-Listing Agent in 2019

    Luis Fuentes

    Florida Realty of Miami

    10 Total Sales

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  • Jorn Lahmann

    Buyer's Agent in 2019

    Jorn Lahmann

    Lahmann Global R.E., LLC

    (786) 247-5262

    19 in this area

    22 Total Sales

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11108266

MIAMI REALTORS® MLS

APN: 02-4203-009-5320

Florida Miami/Dade County Miami Beach 33139 South Pointe

242 Meridian Ave, Miami Beach, FL

This home is located at 242 Meridian Ave, Miami Beach, FL 33139 since 07 October 2021 and is currently estimated at $3,136,554, approximately $1,736 per square foot. 242 Meridian Ave 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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