NOT LISTED FOR SALE

Estimated Value: $7,825,047

5 Beds
7 Baths
6,807 Sq Ft
2015 Built

Sale Details

Date Sold: July 31, 2020

Last sale price $22,000,000 $3,232 Per Sq Ft

Current estimated payment $74,220 / mo

248 Days on Market

About This Home

As of July 2020

Standing tall above the rest, the penthouse at 321 Ocean is located in South Beach’s most desirable neighborhood, South of Fifth. This stunning unit boasts hardwood flooring, an open gourmet kitchen & 360 degree views through floor to ceiling windows. 321 Ocean is a boutique building composed of 21 luxury residences. Each home is a unique creation in an intimate and breathtaking setting combining urban sophistication with an exquisite beachfront location steps from the premiere entertainment, dining and culture of South Beach.

Last Agent to Sell the Property

Eloy Carmenate

Ocean Drive Realty Inc License #3008688 Listed on: 10/29/2019

Co-Listed By

Mick Duchon

The Corcoran Group License #3225793

Last Buyer's Agent

Seth Feuer

Compass Florida, LLC License #3062737

Compass Florida, LLC
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Property Details

Home Type

Condominium

Year Built

2015

Lot Details

0 Sq Ft Lot

HOA Fees

$10,815 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 2015
  • Entry Level: 1
  • New Construction: No
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Bedroom on Main Level, Closet Cabinetry, Entrance Foyer, Elevator, Garden Tub/Roman Tub, Main Level Primary, Other, Pantry, Walk-In Closet(s)
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Oven, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Wood
  • Living Area: 6807.0
  • Stories: 10

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • View: City, Ocean
  • Pool Features: Association
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Other
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Open, Balcony
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Open Parking Spaces: 2.0
  • Garage Spaces: 4.0
  • Garage Yn: Yes

Utilities

  • Security: Elevator Secured, Lobby Secured
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 10815.0
  • Pets Allowed: Yes
  • Senior Community: No
  • Amenities: Elevator(s), Fitness Center, Maintenance Grounds, Other, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Pet Restrictions, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Maintenance Structure

Lot Info

  • Parcel #: 0242033660080
  • Mobile Dim Units: Feet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 356828.0

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
Oct 29, 2019
Closed on
Jul 29, 2020
Sold by
Skurge Llc
Bought by
Seller's Agent
Eloy Carmenate
Ocean Drive Realty Inc
Buyer's Agent
Seth Feuer
Compass Florida, LLC
List Price
$29,500,000
Sold Price
$22,000,000
Premium/Discount to List
-$7,500,000
-25.42%
Current Estimated Value
$7,825,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,174,953
Avg. Annual Appreciation
-15.52%
Original Mortgage
$14,300,000
Outstanding Balance
$12,227,431
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
-$4,402,384

Purchase Details

Listed on
Aug 3, 2017
Closed on
May 11, 2018
Sold by
Ocean Penthouse 901 Llc
Bought by
Skurge Llc
Seller's Agent
Billy Hernandez
Douglas Elliman
Buyer's Agent
Eloy Carmenate
Ocean Drive Realty Inc
List Price
$34,999,999
Sold Price
$26,000,000
Premium/Discount to List
-$8,999,999
-25.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.25%

Purchase Details

Closed on
May 21, 2015
Sold by
321 Ocean Drive Llc
Bought by
Ocean Penthouse 901 Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in South Pointe, FL

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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
$11,687,500 Attorney
Skurge Llc $260,000 Attorney
Ocean Penthouse 901 Llc $20,000,000 --
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
Open $14,300,000
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 Prior Sale
07/31/2020 07/31/20 Sold $22,000,000 -25.4% $3,232 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
10/29/2019 10/29/19 For Sale $29,500,000 +13.5% $4,334 / Sq Ft
05/11/2018 05/11/18 Sold $26,000,000 -25.7% $3,820 / Sq Ft View Prior Sale
08/03/2017 08/03/17 For Sale $34,999,999 -- $5,142 / Sq Ft
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 $230,735 $12,299,262
2024 $237,597 $13,101,493
2023 $237,597 $11,910,449 $0 $0
2022 $222,902 $10,827,681 $0 $0
2021 $190,056 $9,843,347 $0 $0
2020 $181,489 $9,374,616 $0 $0
2019 $197,463 $10,189,800 $0 $0
2018 $159,836 $8,500,000 $0 $0
2017 $161,866 $8,500,000 $0 $0
2016 $165,107 $8,500,000 $0 $0
Source: Public Records

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10758244

MIAMI REALTORS® MLS

APN: 02-4203-366-0080

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