$360,000
SOLD DEC 27, 2024
-- Bed
1 Bath
404 Sq Ft
$598/mo HOA Fee

Recently Sold

$891 Per Sq Ft

10% Below List Price

36 Days on Market

Highlights

  • Ocean Front
  • Community Pool
  • Built-In Features
  • South Pointe Elementary School Rated 9+
  • Balcony
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

As of December 2024

Penthouse perfection awaits in South of Fifth's most coveted oceanfront address. This rare top-floor studio commands breathtaking ocean views through floor-to-ceiling impact windows, where sunrises become daily masterpieces. Your private terrace hovers above the Atlantic-inside, sophisticated living unfolds with elegant stone flooring and a masterfully designed layout. A sleek kitchen, abundant storage, and spa-inspired bathroom complete this sky-high sanctuary. Below, an oceanfront pool beckons, while South of Fifth's legendary lifestyle surrounds you. This isn't just a home – it's your gateway to beachfront bliss, where every morning reminds you why ocean views are irreplaceable. Don't just dream about living on the beach; seize this rare opportunity. Winter is here - sun and surf await.

Last Agent to Sell the Property

Gary Hennes

Gary Hennes Realtors License #0599562 Listed on: 10/21/2024

Last Buyer's Agent

Gary Hennes

Gary Hennes Realtors License #0599562 Listed on: 10/21/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,151

Year Built

  • Built in 1970

HOA Fees

  • $598 Monthly HOA Fees

Home Design

  • Entry on the 11th floor

Interior Spaces

  • 1 Full Bathroom
  • 404 Sq Ft Home
  • Built-In Features
  • Electric Range

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Ocean Front

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-120-2310

Community Details

Overview

  • Mid-Rise Condominium
  • Presidential South Beach Condos
  • The Presidential Condo Subdivision
  • 11-Story Property

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Phone Entry

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,151

Year Built

Built in 1970

Lot Details

0

HOA Fees

$598 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: NE Corner of 4th and Ocean Drive Miami Beach
  • Entry Level: 11
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE PRESIDENTIAL CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Interior Amenities: Built-in Features, Other
  • Full Bathrooms: 1
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 404
  • Possible Use: Investment
  • Stories: 11
  • Bedroom Features: Entry Level

Exterior Features

  • View: Ocean View
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: PRESIDENTIAL SOUTH BEACH
  • Open Parking: Yes
  • Parking Features: Other, On Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Security: Phone Entry

Condo/Co-op/Association

  • Association Fee: 598
  • Amenities: Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-120-2310
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4151

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2024
Closed on
Dec 27, 2024
Sold by
Dasilva Jose G
Bought by
Garcia Jose and Hedges Thomas
Seller's Agent
Gary Hennes
Gary Hennes Realtors
Buyer's Agent
Gary Hennes
Gary Hennes Realtors
List Price
$399,000
Sold Price
$360,000
Premium/Discount to List
-$39,000
-9.77%
Views
11
Current Estimated Value
$359,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$456
Avg. Annual Appreciation
-0.13%
Original Mortgage
$288,000
Outstanding Balance
$286,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$73,544

Purchase Details

Closed on
Sep 3, 2024
Sold by
Dasilva Jose G and Dasilva Kathy A
Bought by
Dasilva Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2016
Sold by
Goncalves Miguel and Goncalves Diolinda
Bought by
Dasilva Jose G and Dasilva Kathy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2006
Sold by
Gardens Jose B
Bought by
Goncalves Miguel and Goncalves Diolinda

Purchase Details

Closed on
Oct 19, 2005
Sold by
Clem Jewell
Bought by
Gardens Jose B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,250
Interest Rate
5.9%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 7, 2004
Sold by
Robinson Darryl T
Bought by
Clem Jewell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,850
Interest Rate
7.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 2001
Sold by
Shar Sosh I
Bought by
Robinson Darryl T

Purchase Details

Closed on
May 18, 1999
Sold by
Horst and Ortner Anita
Bought by
Sosh Shar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 1993
Sold by
Foster Roger M and Foster Gladys
Bought by
Ortner Horst
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $360,000 None Listed On Document
Warranty Deed $360,000 None Listed On Document
Warranty Deed $360,000 None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $260,000 Attorney
Warranty Deed $262,000 Attorney
Warranty Deed $222,500 Key Title & Escrow
Warranty Deed $101,000 Royal Title & Escrow Co Inc
Warranty Deed $115,000 --
Warranty Deed $68,000 --
Warranty Deed $57,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $288,000 New Conventional
Closed $288,000 New Conventional
Previous Owner $272,000 New Conventional
Previous Owner $150,000 New Conventional
Previous Owner $200,250 Fannie Mae Freddie Mac
Previous Owner $85,850 Unknown
Previous Owner $80,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold $360,000 -9.8% $891 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
10/21/2024 10/21/24 For Sale $399,000 0.0% $988 / Sq Ft
03/16/2020 03/16/20 Rented $1,500 0.0% --
02/10/2020 02/10/20 Price Changed $1,500 -11.8% $4 / Sq Ft
01/30/2020 01/30/20 For Rent $1,700 -- --
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 $4,541 $280,309 -- --
2024 $4,151 $241,644 -- --
2023 $4,151 $219,677 $0 $0
2022 $3,752 $199,707 $0 $0
2021 $4,484 $232,218 $0 $0
2020 $4,396 $232,218 $0 $0
2019 $3,947 $203,700 $0 $0
2018 $3,870 $205,816 $0 $0
2017 $3,919 $205,816 $0 $0
2016 $3,789 $182,044 $0 $0
2015 $3,393 $165,495 $0 $0
2014 $3,057 $150,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11679569

MIAMI REALTORS® MLS

APN: 02-4203-120-2310