$3,600,000
SOLD MAR 27, 2025
3 Beds
2.5 Baths
2,340 Sq Ft
$4,016/mo HOA Fee

Recently Sold

$1,538 Per Sq Ft

10% Below List Price

70 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Clubhouse
  • South Pointe Elementary School Rated A-
  • Bar or Lounge
  • 2-minute walk to South Pointe Park

About This Home

As of March 2025

Welcome to Portofino, an exceptional residence located in the most prestigious enclave of Miami Beach’s South of Fifth neighborhood. A 3-bedroom masterpiece offering luxurious living at its finest. This fully remodeled corner unit, was designed and furnished by Bea Interiors. Featuring two private terraces, the residence boasts stunning panoramic views of the Atlantic Ocean, Intracoastal, and City. The amenities are second to none, including a state-of-the-art fitness center, luxurious spa, tennis courts, and an upgraded lobby, ensuring residents happiness. Whether you want to enjoy walks to sandy white beaches, Miami Beach Marina, South Pointe, famous surrounding restaurants or indulge in the building’s top-tier amenities. This residence defines both elegance and convenience.

Last Agent to Sell the Property

Samantha Scalzo

Interealty Exchange Inc License #3306566 Listed on: 12/17/2024

Co-Listed By

Alyssa Brinegar Morgan

The Inside Network License #3302039

Last Buyer's Agent

Michael Light

Douglas Elliman License #3224843

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $41,645

Year Built

  • Built in 1996

Lot Details

  • Ocean Front
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor

HOA Fees

  • $4,016 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

Interior Spaces

  • 2,340 Sq Ft Home
  • Furnished
  • Built-In Features
  • Formal Dining Room
  • Ceramic Tile Flooring
  • Video Cameras

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-10-013-1490

Community Details

Overview

  • High-Rise Condominium
  • Portofino Tower Condo
  • Portofino Tower Condo Subdivision

Amenities

  • Doorman
  • Sauna
  • Trash Chute
  • Clubhouse
  • Bar or Lounge
  • Secure Lobby
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Secure Elevator
  • Complex Is Fenced
  • High Impact Windows
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$41,645

Year Built

Built in 1996

Lot Details

0

HOA Fees

$4,016 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1996
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Co List Office Mls Id: TISN01
  • Co List Office Phone: 305-538-9711
  • Directions: Head North on I-95, Take exit 2D toward I-395 E/Miami Beach, Continue onto I-395 E, Continue onto MacArthur Cswy, Turn right onto Alton Rd, Alton Rd turns left and becomes South Pointe Dr, Turn right onto Portofino Tower. Valet Complimentary*
  • Entry Level: 11
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: PORTOFINO TOWER CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven
  • Interior Amenities: Built-in Features, Closet Cabinetry, Elevator, Walk-In Closet(s), Utility Room/Laundry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Tile
  • Furnished: Furnished
  • Living Area: 2340
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 434
  • Window Features: Clear Impact Glass, High Impact Windows, Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Dining/Living Room, Formal Dining
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Bay, Intracoastal View, Ocean View, Other View, Water View
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony, Wrap Around
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Front, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: PORTOFINO TOWER CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Complex Fenced, Doorman, Elevator Secure, Guard At Site, Lobby Secured, Other, Security Patrol, TV Camera

Condo/Co-op/Association

  • Association Fee: 4016
  • Amenities: Bar, Clubhouse-Clubroom, Elevator(s), Pool, Sauna, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-10-013-1490
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2024
Closed on
Mar 27, 2025
Sold by
Everything Is Better At The Beach Llc
Bought by
Robert Fine Revocable Trust and Lauri Levine Revocable Trust
Seller's Agent
Samantha Scalzo
Interealty Exchange Inc
Buyer's Agent
Michael Light
Douglas Elliman
List Price
$3,999,999
Sold Price
$3,600,000
Premium/Discount to List
-$399,999
-10%
Total Days on Market
70
Views
22
Current Estimated Value
$3,498,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$101,425
Avg. Annual Appreciation
8.44%

Purchase Details

Listed on
May 29, 2022
Closed on
Aug 29, 2022
Sold by
Leslie I Kaplan 2013 Family Trust
Bought by
Everything Is Better At The Beach Llc
Seller's Agent
Dora Puig
Luxe Living Realty
Buyer's Agent
Samantha Scalzo
Interealty Exchange Inc
List Price
$4,450,000
Sold Price
$4,300,000
Premium/Discount to List
-$150,000
-3.37%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.68%

Purchase Details

Listed on
Jan 16, 2013
Closed on
Mar 18, 2013
Sold by
Joseph Salem E and Derubeis Mark C
Bought by
Dickstein Zena M
Seller's Agent
Sebastian Acosta
One Sotheby's International Realty
Buyer's Agent
Peter Chadwick
MMLS Assoc.-Inactive Member
List Price
$2,295,000
Sold Price
$1,937,762
Premium/Discount to List
-$357,238
-15.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%

Purchase Details

Closed on
Jun 9, 2005
Sold by
Rieder Ltd
Bought by
Salem Joseph E and Derubeis Mark C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.49%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 24, 1997
Sold by
Marquesa Development Ltd
Bought by
Rieder Ltd
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,600,000 None Listed On Document
Warranty Deed $3,600,000 None Listed On Document
Warranty Deed $4,200,000 --
Warranty Deed $1,937,800 Attorney
Warranty Deed $1,300,000 Stewart Title
Deed $424,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $766,000 New Conventional
Previous Owner $1,000,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Price Changed $17,500 0.0% $16 / Sq Ft
03/27/2025 03/27/25 Sold $3,600,000 +17900.0% $1,538 / Sq Ft
02/25/2025 02/25/25 Pending -- -- --
02/19/2025 02/19/25 For Rent $20,000 0.0% --
12/17/2024 12/17/24 For Sale $3,999,999 -7.0% $1,709 / Sq Ft
09/01/2022 09/01/22 Sold $4,300,000 -3.4% $1,826 / Sq Ft
05/29/2022 05/29/22 For Sale $4,450,000 +129.6% $1,890 / Sq Ft
03/20/2013 03/20/13 Sold $1,937,762 -15.6% $828 / Sq Ft
02/18/2013 02/18/13 Pending -- -- --
01/16/2013 01/16/13 For Sale $2,295,000 -- $981 / 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
2024 $41,645 $2,424,187 -- --
2023 $41,645 $2,203,807 $0 $0
2022 $31,370 $1,710,818 $0 $0
2021 $31,961 $1,696,259 $0 $0
2020 $31,596 $1,672,840 $0 $0
2019 $32,841 $1,735,507 $0 $0
2018 $31,254 $1,703,148 $0 $0
2017 $31,789 $1,710,127 $0 $0
2016 $31,747 $1,674,953 $0 $0
2015 $52,760 $2,703,410 $0 $0
2014 $36,617 $1,802,270 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11710839

MIAMI REALTORS® MLS

APN: 02-4210-013-1490