NOT LISTED FOR SALE

Estimated Value: $435,000 - $491,000

1 Bed
1 Bath
656 Sq Ft
1970 Built

Sale Details

Date Sold: May 9, 2025

Last sale price $500,000 $762 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,013 / mo

185 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Ocean Front
  • Community Pool
  • South Pointe Elementary School Rated 9+
  • Clubhouse
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

As of May 2025

Experience breathtaking ocean views from this 10th floor, 1bed 1bath at South of 5th’s Ocean Point, where prime southern exposure fills the space with natural light. The unit boasts a private terrace, perfect for enjoying the coastal breeze, an updated kitchen with modern finishes, & newly installed hurricane impact windows & doors, ensuring peace of mind. This prime oceanfront address offers direct access to the beach, a pool overlooking the ocean, 24-hour front desk & assigned parking space. Located in the prestigious South of 5th neighborhood, your within walking distance to Miami Beach’s finest restaurants, shopping, & vibrant nightlife. Whether you're looking for a full-time residence or a vacation getaway, Ocean Point #1001 provides the perfect balance of relaxation & convenience.

Last Agent to Sell the Property

Joseph Schafer

Douglas Elliman License #3087675 Listed on: 10/01/2024

Douglas Elliman

Co-Listed By

Victoria Alvarez Fuentes

Douglas Elliman License #3363167

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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,030

Year Built

  • Built in 1970

Lot Details

  • Security Fence

HOA Fees

  • $883 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking
  • Assigned Parking

Home Design

  • Entry on the 10th floor

Interior Spaces

  • 656 Sq Ft Home
  • Built-In Features
  • Tile Flooring

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • 1 Full Bathroom

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property has ocean access
  • Beach Access

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 0242031181990

Community Details

Overview

  • Association fees include common areas, hot water, pool(s), water
  • Ocean Point Condo Subdivision
  • Maintained Community
  • 11-Story Property

Amenities

  • Clubhouse
  • Laundry Facilities
  • Secure Lobby

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Card or Code Access
  • Phone Entry

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,030

Year Built

Built in 1970

Lot Details

0 Sq Ft Lot

HOA Fees

$883 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 1970
  • Entry Level: 10
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Closet Cabinetry, None, Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Range, Microwave, Oven
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Living Area: 656.0
  • Stories: 11

Exterior Features

  • View: Ocean, Water
  • Pool Features: Association
  • View: Yes
  • Waterfront Features: Beach Access, Deeded Access, Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Assigned

Utilities

  • Security: Secured Garage/Parking, Key Card Entry, Lobby Secured, Phone Entry, Security Fence
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: Circuit Breakers

Condo/Co-op/Association

  • Association Fee: 883.0
  • Pets Allowed: Yes
  • Senior Community: No
  • Amenities: Clubhouse, Maintenance Grounds, Laundry, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Size Limit, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Hot Water, Pool(s), Water

Lot Info

  • Parcel #: 0242031181990
  • Mobile Dim Units: Feet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5030.0

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 1, 2024
Closed on
May 9, 2025
Sold by
Pasante Mario
Bought by
Seller's Agent
Joseph Schafer
Douglas Elliman
List Price
$625,000
Sold Price
$500,000
Premium/Discount to List
-$125,000
-20%
Current Estimated Value
$460,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,444
Avg. Annual Appreciation
-6.17%
Original Mortgage
$325,000
Outstanding Balance
$321,157
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$139,399

Purchase Details

Closed on
Dec 23, 1999
Sold by
Perez Jose A
Bought by
Pasante Mario

Purchase Details

Closed on
Nov 1, 1994
Sold by
Nadell Shiela and Stark Rosalind
Bought by
Perez Jose A
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$500,000 Clear Title
Pasante Mario $90,000 --
Perez Jose A $115,000 --
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 $325,000
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
05/09/2025 05/09/25 Sold $500,000 -20.0% $762 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
10/01/2024 10/01/24 For Sale $625,000 -- $953 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $7,211 $384,371
2024 $5,030 $384,371
2023 $5,030 $307,344 $0 $0
2022 $4,832 $298,393 $0 $0
2021 $4,803 $289,702 $0 $0
2020 $4,855 $291,555 $0 $0
2019 $4,733 $285,000 $0 $0
2018 $4,873 $300,200 $0 $0
2017 $5,480 $267,876 $0 $0
2016 $5,305 $243,524 $0 $0
2015 $5,152 $221,386 $0 $0
2014 $4,089 $201,260 $0 $0
Source: Public Records

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11666646

BeachesMLS (Greater Fort Lauderdale)

APN: 02-4203-118-1990

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