NOT LISTED FOR SALE

250 Palm Ave Miami Beach, FL 33139

Star, Palm and Hibiscus Islands Neighborhood

Estimated Value: $5,235,000 - $6,338,597

5 Beds
4.5 Baths
4,216 Sq Ft
$1,386/Sq Ft Est. Value

Last Sold March 10, 2021

Last sale price $3,425,000 $812 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $36,570/month

183 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • Cooling Available
  • South Pointe Elementary School Rated A-
  • Circular Driveway
  • 1-minute walk to Palm Island Park

About This Home

As of March 2021

Beautiful and impeccably renovated home located on the exclusive Palm Island! This 5 bedroom 4.5 bathroom home is situated on an oversized 9,000 SF lot with a beautiful pool and expansive back yard. It has been completely remodeled and offers sleek interior finishes throughout, a large private master suite, spacious built out closets, two car garage, a beautiful fireplace and a first floor home office. The spacious living areas, hidden chefs kitchen and functional indoor-outdoor style living make it the perfect home for entertaining. Palm Island offers 24/7 gated security, lighted basketball courts, tennis courts and children's playground. Great opportunity to live in one of Miami Beach’s most desirable gated communities centrally located between South Beach and Downtown.

Last Agent to Sell the Property

Mallory McGuire

One Sotheby's International Re License #3435399 Listed on: 08/18/2020

One Sotheby's International Re

Co-Listed By

Mirce Curkoski

One Sotheby's International Re License #3187828

Last Buyer's Agent

Paloma Fernandez

Luxury Living Realty License #3435450

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,260

Year Built

  • Built in 1994

Lot Details

  • 9,000 Sq Ft Lot
  • West Facing Home
  • Property is zoned 0100

Home Design

  • 4,216 Sq Ft Home
  • Concrete Block And Stucco Construction

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • Circular Driveway
  • Open Parking

Pool

  • In Ground Pool

Utilities

  • Cooling Available
  • Heating Available

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 02-42-05-002-0770

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,260

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1994
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Other
  • Co List Office Mls Id: OSIR03
  • Co List Office Phone: 305-538-9711
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: RIVIERA 1ST & 2ND ADDN AM
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: Other
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 4216
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Other
  • Living Room Features: Other

Exterior Features

  • Roof: Other
  • View: None
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Features: In Ground
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RIVIERA 1ST & 2ND ADDN AM
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Other

Utilities

  • Sewer: Other
  • Water Source: Other
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-42-05-002-0770
  • Lot Size Sq Ft: 9000
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 39260

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Mar 10, 2021
Sold by
Lalani Shamsuddin and Melton Mary Parvati
Bought by
Fitzgerald Kevin Peter and Fitzgerald Kevin P
Seller's Agent
Mallory McGuire
One Sotheby's International Re
Buyer's Agent
Paloma Fernandez
Luxury Living Realty
List Price
$3,449,000
Sold Price
$3,425,000
Premium/Discount to List
-$24,000
-0.7%
Current Estimated Value
$5,842,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,417,649
Avg. Annual Appreciation
12.63%
Original Mortgage
$2,740,000
Outstanding Balance
$2,467,352
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$3,375,297

Purchase Details

Listed on
Feb 24, 2015
Closed on
Jun 20, 2016
Sold by
Trombly Ryan S and Trombly Liona
Bought by
Lalani Shamsuddin and Melton Mary Parvati
Seller's Agent
George Garcia
Adams & Garcia Inc.
Buyer's Agent
George Garcia
Adams & Garcia Inc.
List Price
$3,500,000
Sold Price
$1,800,000
Premium/Discount to List
-$1,700,000
-48.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.60%

Purchase Details

Closed on
Oct 4, 2012
Sold by
Almeida Juan Miguel and Almeida Adria Maria
Bought by
Trombly Ryan and Trombly Liona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 1993
Sold by
Almeida Juan Miguel and Almeida Adria Maria
Bought by
Almeida Juan Miguel and Almeida Adria Maria
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
Fitzgerald Kevin Peter $3,425,000 Attorney
Lalani Shamsuddin $1,800,000 Attorney
Trombly Ryan $1,625,000 Peninsula Title Corp
Almeida Juan Miguel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fitzgerald Kevin Peter $2,740,000
Previous Owner Trombly Ryan $1,300,000
Previous Owner Almeida Juan Miguel $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2021 03/10/21 Sold $3,425,000 -0.7% $812 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
08/17/2020 08/17/20 For Sale $3,449,000 +91.6% $818 / Sq Ft
06/22/2016 06/22/16 Sold $1,800,000 -19.1% $426 / Sq Ft
05/20/2016 05/20/16 Pending -- -- --
04/05/2016 04/05/16 Price Changed $2,225,000 -14.3% $527 / Sq Ft
01/28/2016 01/28/16 Price Changed $2,595,000 +8.4% $614 / Sq Ft
11/13/2015 11/13/15 Price Changed $2,395,000 -4.0% $567 / Sq Ft
11/02/2015 11/02/15 Price Changed $2,495,000 -0.2% $591 / Sq Ft
10/07/2015 10/07/15 Price Changed $2,499,000 +0.2% $592 / Sq Ft
08/18/2015 08/18/15 Price Changed $2,495,000 -7.6% $591 / Sq Ft
07/08/2015 07/08/15 Price Changed $2,700,000 -3.6% $639 / Sq Ft
05/04/2015 05/04/15 Price Changed $2,800,000 -3.4% $663 / Sq Ft
03/26/2015 03/26/15 Price Changed $2,900,000 -9.4% $687 / Sq Ft
03/18/2015 03/18/15 Price Changed $3,200,000 -8.6% $758 / Sq Ft
02/24/2015 02/24/15 For Sale $3,500,000 -- $829 / 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 $59,773 $3,155,393 -- --
2024 $58,405 $3,066,466 -- --
2023 $58,405 $2,977,152 $0 $0
2022 $56,459 $2,890,439 $1,673,784 $1,216,655
2021 $39,478 $1,920,813 $1,484,973 $435,840
2020 $39,689 $1,926,564 $1,484,973 $441,591
2019 $39,260 $1,932,318 $1,484,973 $447,345
2018 $35,436 $1,904,035 $1,484,973 $419,062
2017 $35,031 $1,530,000 $0 $0
2016 $39,478 $1,927,917 $0 $0
2015 $24,786 $1,214,024 $0 $0
2014 $25,279 $1,204,389 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mallory McGuire

    Seller's Agent in 2021

    Mallory McGuire

    One Sotheby's International Re

    (617) 893-7877

    2 in this area

    11 Total Sales

    Mallory McGuire
    Section Image
  • Mirce Curkoski

    Seller Co-Listing Agent in 2021

    Mirce Curkoski

    One Sotheby's International Re

    (305) 538-9711

    5 in this area

    27 Total Sales

    Mirce Curkoski
    Section Image

  • P

    Buyer's Agent in 2021

    Paloma Fernandez

    Luxury Living Realty

    (305) 851-2222

    1 in this area

    1 Total Sale

    Paloma Fernandez
    Section Image
  • George Garcia

    Seller's Agent in 2016

    George Garcia

    Adams & Garcia Inc.

    (786) 325-7217

    1 Total Sale

    George Garcia
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10911689

MIAMI REALTORS® MLS

APN: 02-4205-002-0770

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

250 Palm Ave, Miami Beach, FL

This home is located at 250 Palm Ave, Miami Beach, FL 33139 since 18 August 2020 and is currently estimated at $5,842,649, approximately $1,385 per square foot. This property was built in 1994. 250 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.

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