NOT LISTED FOR SALE

247 Palm Ave Miami Beach, FL 33139

Star, Palm and Hibiscus Islands Neighborhood

Estimated Value: $4,418,000 - $6,029,000

4 Beds
4.5 Baths
3,397 Sq Ft
$1,579/Sq Ft Est. Value

Last Sold July 06, 2018

Last sale price $2,900,000 $854 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $33,953/month

Highlights

  • In Ground Pool
  • Sitting Area In Primary Bedroom
  • No HOA
  • South Pointe Elementary School Rated A-
  • Furnished
  • 1-minute walk to Palm Island Park

About This Home

As of September 2020

Contemporary 4 bedroom / 4.5 bathroom home featuring an abundance of natural light. Boasting floating oak wood stairs, open entertaining floor plan, Veneta designer kitchen cabinets, surround sound and smart home technology with a beautiful landscaped pool. This impeccable home is located on the gated and highly sought after Palm Island with security, tennis courts, parks and only a few minutes drive to Downtown Miami and Miami Beach.

Last Agent to Rent the Property

Julian Johnston

The Corcoran Group License #3041178 Listed on: 04/08/2020

The Corcoran Group

Last Renter's Agent

Julian Johnston

The Corcoran Group License #3041178 Listed on: 04/08/2020

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $59,341

Year Built

  • Built in 2017

Lot Details

  • 6,000 Sq Ft Lot
  • East Facing Home
  • Property is zoned 0100

Interior Spaces

  • 3,397 Sq Ft Home
  • Furnished
  • Ceramic Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom on Main
  • Primary Bedroom Upstairs

Parking

  • 4 Attached Carport Spaces
  • 2 Car Parking Spaces

Pool

  • In Ground Pool
  • Outdoor Pool

Listing and Financial Details

  • Property Available on 5/1/20
  • Assessor Parcel Number 02-42-05-002-0360

Community Details

Overview

  • No Home Owners Association
  • Riviera 1St & 2Nd Addn Am Subdivision

Recreation

  • Community Pool

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,341

Year Built

Built in 2017

Lot Details

0

Rental Info

  • Pets Allowed: Cats OK
  • Available Date: 2020-05-01

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2017
  • Property Sub Type: Single Family Residence
  • Carport Y N: Yes
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: RIVIERA 1ST & 2ND ADDN AM
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Ceramic Floor, Other
  • Furnished: Furnished
  • Living Area: 3397
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Ground Level, Sitting Area - Master Bedroom, Master Bedroom Upstairs

Exterior Features

  • Roof: Other
  • Direction Faces: East
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Park Building Name: RIVIERA 1ST & 2ND ADDN AM
  • Carport Spaces: 4
  • Covered Parking Spaces: 4
  • Parking Features: Attached Carport, 2 Spaces

Condo/Co-op/Association

  • Amenities: Security Patrol
  • Association: No

Lot Info

  • Parcel Number: 02-42-05-002-0360
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6000
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2018
Closed on
Jul 6, 2018
Sold by
Venstyle2 Llc
Bought by
Buccellati Maria and Buccellati Lucrezia
Seller's Agent
Laura Garcia
One Sotheby's International Realty
Buyer's Agent
Saddy Delgado
One Sotheby's International Realty
List Price
$3,295,000
Sold Price
$2,900,000
Premium/Discount to List
-$395,000
-11.99%
Current Estimated Value
$5,365,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,465,354
Avg. Annual Appreciation
8.96%

Purchase Details

Listed on
Mar 27, 2012
Closed on
Oct 17, 2012
Sold by
Arrogante Rachel F
Bought by
Venstyle2 Llc
Seller's Agent
Allan Kleer
One Sotheby's International Re
Buyer's Agent
Alex Fernandez-Pascual
Fortune Christie's International Real Estate
List Price
$649,000
Sold Price
$649,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.92%

Purchase Details

Closed on
Apr 5, 2004
Sold by
Arrogante Carlito B and Arrogante Rachel F
Bought by
Arrogante Rachel F

Purchase Details

Closed on
Nov 6, 1997
Sold by
Arrogante Rachel F and Arrogante Carlito B
Bought by
Arrogante Carlito B and Arrogante Rachel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 1997
Sold by
Arrogante Carlito B and Arrogante Rachel F
Bought by
Arrogante Rachel F

Purchase Details

Closed on
Feb 7, 1997
Sold by
Ramani George
Bought by
Arrogante Carlito B and Arrogante Rachel F

Purchase Details

Closed on
May 5, 1994
Sold by
Comesana Joe and Comesana Mercy
Bought by
Ramani George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.48%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Buccellati Maria $2,900,000 Attorney
Venstyle2 Llc $649,000 Attorney
Arrogante Rachel F -- --
Arrogante Carlito B $100 --
Arrogante Rachel F $100 --
Arrogante Carlito B $290,000 --
Ramani George $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Venstyle2 Llc $1,530,000
Previous Owner Arrogante Carlito B $320,560
Previous Owner Arrogante Carlito B $258,750
Previous Owner Arrogante Carlito B $210,000
Previous Owner Ramani George $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Rented $18,000 -10.0% --
04/08/2020 04/08/20 For Rent $20,000 +33.3% --
10/01/2019 10/01/19 Rented $15,000 -25.0% --
01/11/2019 01/11/19 Price Changed $20,000 +11.1% $6 / Sq Ft
01/03/2019 01/03/19 For Rent $18,000 0.0% --
07/06/2018 07/06/18 Sold $2,900,000 -12.0% $806 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $3,295,000 +407.7% $915 / Sq Ft
10/17/2012 10/17/12 Sold $649,000 0.0% $329 / Sq Ft
08/08/2012 08/08/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $649,000 -- $329 / 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 $59,341 $2,988,133 $1,680,000 $1,308,133
2024 $56,856 $3,002,304 $1,680,102 $1,322,202
2023 $56,856 $2,802,864 $0 $0
2022 $50,801 $2,548,059 $1,115,856 $1,432,203
2021 $49,447 $2,437,107 $989,982 $1,447,125
2020 $49,831 $2,450,445 $989,982 $1,460,463
2019 $50,166 $2,465,350 $989,982 $1,475,368
2018 $29,592 $1,593,395 $989,982 $603,413
2017 $19,321 $812,132 $0 $0
2016 $18,217 $738,302 $0 $0
2015 $16,947 $671,184 $0 $0
2014 $14,630 $610,168 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julian Johnston

    Landlord's Agent in 2020

    Julian Johnston

    The Corcoran Group

    (305) 332-2346

    15 in this area

    229 Total Sales

    Julian Johnston
    Section Image
  • David Solomon

    Buyer's Agent in 2019

    David Solomon

    BHHS EWM Realty

    (847) 414-6259

    1 in this area

    29 Total Sales

    David Solomon
    Section Image

  • L

    Seller's Agent in 2018

    Laura Garcia

    One Sotheby's International Realty

    (305) 798-9321

    45 Total Sales

    Laura Garcia
    Section Image
  • Saddy Delgado

    Buyer's Agent in 2018

    Saddy Delgado

    One Sotheby's International Realty

    (305) 632-4256

    1 in this area

    47 Total Sales

    Saddy Delgado
    Section Image
  • Allan Kleer

    Seller's Agent in 2012

    Allan Kleer

    One Sotheby's International Re

    (305) 798-8205

    2 in this area

    34 Total Sales

    Allan Kleer
    Section Image
  • Alex Fernandez-Pascual

    Buyer's Agent in 2012

    Alex Fernandez-Pascual

    Fortune Christie's International Real Estate

    (305) 695-4131

    12 Total Sales

    Alex Fernandez-Pascual
    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10843847

MIAMI REALTORS® MLS

APN: 02-4205-002-0360

Florida Miami/Dade County Miami Beach 33139 Star, Palm and Hibiscus Islands

247 Palm Ave, Miami Beach, FL

This home is located at 247 Palm Ave, Miami Beach, FL 33139 since 08 April 2020 and is currently priced at $5,365,354. This property was built in 2017. 247 Palm 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.

Nearby Homes