NOT LISTED FOR SALE

Estimated Value: $6,541,000 - $8,632,644

4 Beds
4.5 Baths
4,100 Sq Ft
1996 Built

Sale Details

Date Sold: March 29, 2022

Last sale price $5,500,000 $1,341 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $51,781 / mo

198 Days on Market

Highlights

  • Doorman
  • Ocean View
  • Home fronts a canal
  • South Pointe Elementary School Rated 9+
  • Property has ocean access
  • 3-minute walk to South Pointe Park

About This Home

As of March 2022

A rare penthouse find with views for days! Italian designer and architect Romano Ferretti has completely remodeled this 2-story 4,100SF, 4 bedroom, 4 bath penthouse at Portofino Towers with a unique and modern edge. Floating staircase, 20' floor to ceiling windows with breathtaking views of Miami Beach and downtown skyline. Italian porcelain & hardwood floors throughout. Open kitchen with Gaggenau appliances. 3 parking spaces, 24Hr valet, guard gate. Gym/spa, tennis, 2 pools. Owner Financing Available.

Last Agent to Sell the Property

Pamela Bahouth

London Foster Realty License #3184763 Listed on: 08/29/2021

London Foster Realty

Last Buyer's Agent

Pamela Bahouth

London Foster Realty License #3184763 Listed on: 08/29/2021

London Foster Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $94,022

Year Built

  • Built in 1996

HOA Fees

  • $3,562 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Assigned Parking

Property Views

Home Design

  • 4,100 Sq Ft Home
  • Elevated Home
  • Entry on the 40th floor
  • Metal Construction or Metal Frame

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Outdoor Features

  • Property has ocean access

Schools

  • South Pointe Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Additional Features

  • Built-In Oven
  • Home fronts a canal
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-10-013-1380

Community Details

Overview

  • High-Rise Community
  • Portofino Tower Condos
  • Portofino Tower Condo Subdivision
  • 42-Story Property

Amenities

  • Doorman
  • Sauna
  • Billiard Room
  • Elevator
  • Secure Lobby

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$94,022

Year Built

Built in 1996

Lot Details

0 Sq Ft Lot

HOA Fees

$3,562 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1996
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: GPS
  • Entry Level: 40
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: PORTOFINO TOWER CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Wall Oven
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Ceramic Floor, Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 4100
  • Possible Use: Primary
  • Stories: 42
  • Bedroom Features: At Least 1 Bedroom Ground Level

Exterior Features

  • View: Bay, Ocean View, Pool Area View
  • Exterior Features: Open Balcony
  • Construction Type: Elevated Construction, Metal Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Portofino Tower
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: 2 Or More Spaces, Assigned

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Doorman, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 3562
  • Amenities: Billiard Room, Elevator(s), Pool, Sauna, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-10-013-1380
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 94022

Multi Family

  • Maintenance Expense: 3562

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2021
Closed on
Mar 28, 2022
Sold by
Bought by
Seller's Agent
Pamela Bahouth
London Foster Realty
Buyer's Agent
Pamela Bahouth
London Foster Realty
List Price
$6,990,000
Sold Price
$5,500,000
Premium/Discount to List
-$1,490,000
-21.32%
Current Estimated Value
$7,541,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,041,548
Avg. Annual Appreciation
7.84%

Purchase Details

Closed on
Dec 19, 2014
Sold by
Bought by

Purchase Details

Closed on
May 10, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 18, 1999
Sold by
Bought by

Purchase Details

Closed on
Jun 27, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Interest Rate
7.93%
Mortgage Type
New Conventional
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,500,000 Herskowitz Shapiro Pllc
$5,475,000 Attorney
$2,575,000 --
$1,460,000 --
$990,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $2,000,000
Previous Owner $792,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/29/2022 03/29/22 Sold $5,500,000 -21.3% $1,341 / Sq Ft
03/12/2022 03/12/22 Pending -- -- --
08/26/2021 08/26/21 For Sale $6,990,000 0.0% $1,705 / Sq Ft
08/15/2018 08/15/18 Rented $17,000 -15.0% --
07/03/2018 07/03/18 Under Contract -- -- --
05/08/2018 05/08/18 Price Changed $20,000 -20.0% $5 / Sq Ft
03/08/2018 03/08/18 For Rent $25,000 +25.0% --
09/01/2017 09/01/17 Rented $20,000 -25.9% --
04/11/2017 04/11/17 For Rent $27,000 -- --
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $98,349 $5,532,845 -- --
2024 $87,127 $5,071,774 -- --
2023 $87,127 $4,610,704 $0 $0
2022 $93,373 $4,886,558 $0 $0
2021 $92,229 $4,776,695 $0 $0
2020 $94,022 $5,028,100 $0 $0
2019 $85,562 $4,571,100 $0 $0
2018 $85,955 $4,571,060 $0 $0
2017 $86,496 $4,525,349 $0 $0
2016 $88,790 $4,571,060 $0 $0
2015 $86,251 $4,353,390 $0 $0
2014 $60,382 $2,728,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11091078

MIAMI REALTORS® MLS

APN: 02-4210-013-1380

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