NOT LISTED FOR SALE

Estimated Value: $2,257,000 - $2,830,000

3 Beds
3.5 Baths
3,091 Sq Ft
$2,259/mo HOA Fee

Last Sold February 26, 2021

Last sale price $1,850,000 $599 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $16,432/month

50 Days on Market

Highlights

  • Doorman
  • Beach Access
  • Sitting Area In Primary Bedroom
  • Ocean Front
  • Fitness Center
  • Clubhouse

About This Home

As of February 2021

OUTSTANDING UNIT IN OCEAN PALMS. PRIVATE ELEVATORS TAKE YOU TO THE 26TH FLOOR WITH UNOBSTRUCTED VIEWS OF OCEAN, SKYLINE AND CITY. MARBLE FLOORS THROUGHOUT, OPEN BAR, LARGE KITCHEN WITH ISLAND, SUBZERO, THERMADOR AND MIELE APPLIANCES. UNIT HAS CUSTOM DAYORIS DOORS, ARMADA BUILT INS, NEW BLACKOUTS, AND A NEW GLASS SINGLE DOOR WAS JUST INSTALLED AT THE ENTRANCE. LAUNDRY ROOM. TWO AC UNITS. MANY UPGRADES THROUGHOUT. EACH OF THE THREE BEDROOMS HAVE IN SUITE BATHS. THREE BALCONIES.
AMENITIES TO ENJOY: OUTDOOR BBQ AREA, POOL AND HOT TUB, TENNIS COURT, BASKETBALL, BILLIARDS ROOM, MEDIA ROOM, CLUBROOM, BUSINESS CENTER, TWO STORIES FITNESS CENTER. POOL AND BEACH SERVICE. MANAGEMENT OFFICE, SECURITY, DOORMAN, VALET. CLOSE TO FORT LAUDERDALE AIRPORT, AVENTURA MALL, RESTAURANTS AND SHOPPING PLAZAS.

Last Agent to Sell the Property

Mona Zevel

Julies Realty, LLC License #3063822 Listed on: 12/10/2020

Julies Realty, LLC

Last Buyer's Agent

Evelyn Pinkus

Realty Exchange Inc License #3004933

Realty Exchange Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $31,492

Year Built

  • Built in 2005 | Remodeled

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $2,259 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Secured Garage or Parking
  • Deeded Parking

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,091 Sq Ft Home
  • Built-In Features
  • Blinds
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • Storage Room
  • Marble Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Beach Access

Additional Features

  • Accessible Elevator Installed
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 514224CD1730

Community Details

Overview

  • 240 Units
  • High-Rise Condominium
  • Ocean Palms Condos
  • Ocean Palms Condo Subdivision, Atlantic Floorplan
  • The community has rules related to no recreational vehicles or boats
  • Car Wash Area
  • 39-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Billiard Room
  • Business Center
  • Bike Room
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Secure Elevator
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$31,492

Year Built

Built in 2005 | Remodeled

Lot Details

0

HOA Fees

$2,259 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: THIRD BUILDING NORTH OF DIPLOMAT HOTEL ON THE OCEAN SIDE.
  • Entry Level: 26
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access, Beach Access
  • Master Model: ATLANTIC
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCEAN PALMS CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: Bar, Built-in Features, Closet Cabinetry, Elevator, Fire Sprinklers, Entrance Foyer, Split Bedroom, Walk-In Closet(s), Den/Library/Office, Storage
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 3091
  • Possible Use: Primary
  • Stories: 39
  • Window Features: Clear Impact Glass, Blinds, High Impact Windows, Impact Glass
  • Bedroom Features: Sitting Area - Master Bedroom
  • Dining Room Features: Breakfast Area, Formal Dining
  • Living Room Features: Den/Library/Office, Storage Room
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Intracoastal View, Direct Ocean, Skyline
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: Updated/Remodeled, Completely Renovated
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: OCEAN PALMS
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Deeded, Valet, No Rv/Boats

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Fire Alarm, Smoke Detector, Doorman, Elevator Secure, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 2259
  • Amenities: Bike Storage, Billiard Room, Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Exterior Lighting, Other, Sauna, Spa/Hot Tub, Tennis Court(s), Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 514224CD1730
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 2259
  • Number Of Units In Community: 240
  • Number Of Units Total: 240

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 31492

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2020
Closed on
Feb 26, 2021
Sold by
Owens Scott David and Daniels Danae Viian
Bought by
Horan Michael and Velazquez Lydia
Seller's Agent
Mona Zevel
Julies Realty, LLC
Buyer's Agent
Evelyn Pinkus
Realty Exchange Inc
List Price
$2,100,000
Sold Price
$1,850,000
Premium/Discount to List
-$250,000
-11.9%
Current Estimated Value
$2,601,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$751,278
Avg. Annual Appreciation
8.37%
Original Mortgage
$850,000
Outstanding Balance
$770,572
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,873,090

Purchase Details

Listed on
Nov 4, 2015
Closed on
Jul 19, 2016
Sold by
Merkur Alan and Merkur Sheila
Bought by
Owens Scott D
Seller's Agent
Mona Zevel
Julies Realty, LLC
Buyer's Agent
Erica Groussman
Douglas Elliman
List Price
$2,495,000
Sold Price
$2,100,000
Premium/Discount to List
-$395,000
-15.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.71%
Original Mortgage
$1,575,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 26, 2008
Sold by
Lobell Richard
Bought by
Merkur Alan and Merkur Sheila

Purchase Details

Closed on
Mar 28, 2006
Sold by
Ocean Palms Llc
Bought by
Lobell Richard

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
6.62%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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
Horan Michael $1,850,000 Empire Title Services Llc
Owens Scott D $2,100,000 Attorney
Merkur Alan $1,176,000 Aventura Title Ins Corp
Lobell Richard $1,350,000 Prominent Title Insurance Ag
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horan Michael $850,000
Previous Owner Owens Scott D $250,000
Previous Owner Owens Scott D $1,575,000
Previous Owner Lobell Richard $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $1,850,000 -11.9% $599 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
12/09/2020 12/09/20 For Sale $2,100,000 0.0% $679 / Sq Ft
07/20/2016 07/20/16 Sold $2,100,000 -13.4% $679 / Sq Ft
04/18/2016 04/18/16 Pending -- -- --
04/02/2016 04/02/16 Price Changed $2,425,000 -2.8% $785 / Sq Ft
11/03/2015 11/03/15 For Sale $2,495,000 -- $807 / 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 -- $2,288,920 -- --
2024 -- $2,224,420 -- --
2023 $0 $2,159,640 $0 $0
2022 $0 $2,096,740 $209,670 $1,887,070
2021 $31,838 $1,550,220 $0 $0
2020 $31,492 $1,528,820 $152,880 $1,375,940
2019 $33,931 $1,623,600 $162,360 $1,461,240
2018 $34,124 $1,673,580 $167,360 $1,506,220
2017 $39,710 $1,931,890 $0 $0
2016 $15,124 $739,950 $0 $0
2015 $15,346 $734,810 $0 $0
2014 $15,370 $728,980 $0 $0
2013 -- $1,052,370 $105,240 $947,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10968797

MIAMI REALTORS® MLS

APN: 51-42-24-CD-1730