NOT LISTED FOR SALE

The Presidential 401 Ocean Dr Unit 1123 Miami Beach, FL 33139

South Pointe Neighborhood

Estimated Value: $506,000 - $613,192

1 Bed
1 Bath
655 Sq Ft
$639/mo HOA Fee

Last Sold September 19, 2024

Last sale price $667,000 $1,018 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $4,063/month

67 Days on Market

Highlights

  • Ocean Front
  • Deeded Boat Dock
  • Sauna
  • South Pointe Elementary School Rated 9+
  • Jetted Tub and Shower Combination in Primary Bathroom
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

As of September 2024

This Amazing 1/1 SOFI Penthouse Comes w/ An Assigned Covered Parking Space & Too Many Upgrades To List! Remodeled To The Hilt & Fully Permitted, Unit Features a Fabulous Miton Kitchen Complete w/Carrara Backsplash, Caesarstone Countertops, High-End Stainless Steel Appliance Suite, Trash Compactor, Sub Zero Wine Fridge, LG Washer&Dryer, Kohler/Toto Bathroom Suite & More. Custom Built Closet, Highest-End Hurricane Windows (W/Removable Pane for Cleaning) Blackout Shades- Even Heated Floors in the Bathroom & Bedroom! Many More Upgrades That Need To Be Seen To Be Believed. Fantastic View Of The Ocean & Savoy Resort Pool. Low HOA Includes Cable & Internet. SELLER ACCEPTING BTC /ETH WITH 10% SURCHARGE. Beach Volleyball & Yoga Right In Your Backyard Sand! The Best Deal In SoFi!

Last Agent to Sell the Property

James Rodgers

Skymarc Properties LLC License #3302691 Listed on: 06/30/2024

Last Buyer's Agent

James Rodgers

Skymarc Properties LLC License #3302691 Listed on: 06/30/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,183

Year Built

  • Built in 1970

Lot Details

  • Northeast Facing Home

HOA Fees

  • $639 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Property Views

Home Design

  • Entry on the 11th floor

Interior Spaces

  • 655 Sq Ft Home
  • Partially Furnished
  • Furniture Can Be Negotiated
  • Built-In Features
  • Blinds
  • Family or Dining Combination
  • Ceramic Tile Flooring
  • Video Cameras

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • 1 Full Bathroom
  • Jetted Tub and Shower Combination in Primary Bathroom
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Deeded Boat Dock

Schools

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

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-120-2350

Community Details

Overview

  • 238 Units
  • Mid-Rise Condominium
  • The Presidential Condos
  • The Presidential Condo Subdivision
  • Property has 1 Level

Amenities

  • Community Barbecue Grill
  • Sauna
  • Trash Chute
  • Community Center
  • Party Room
  • Laundry Facilities
  • Interior Hall
  • Community Storage Space
  • Elevator

Recreation

Pet Policy

  • No Pets Allowed
  • Pet Size Limit

Security

  • Card or Code Access
  • Complex Is Fenced
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,183

Year Built

Built in 1970

Lot Details

0 Sq Ft Lot

HOA Fees

$639 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Co List Office Phone: 646-820-9420
  • Directions: NE Corner of 4th and Ocean In South Beach. Street parking on 4th, 3rd, Ocean and Collins.
  • Entry Level: 11
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Dock
  • Unit Levels: 1
  • 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
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Interior Hall, First Floor Entry, Built-in Features, Closet Cabinetry, Walk-In Closet(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Tile
  • Furnished: Partially, Partially Furnished, Furniture Negotiable
  • Living Area: 655
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 11
  • Window Features: Complete Impact Glass, Blinds, High Impact Windows
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower
  • Dining Room Features: Breakfast Area, Family/Dining Combination
  • Master Bathroom Features: Combination Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Ocean View, Direct Ocean, Pool Area View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: Concrete Block Construction
  • Direction Faces: Northeast
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: The Presidential
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up, Common Area
  • Security: Smoke Detector, Complex Fenced, Card Entry, TV Camera

Condo/Co-op/Association

  • Association Fee: 639
  • Amenities: Barbecue, Laundry, Community Room, Elevator(s), Storage, Heated Pool, Pool, Sauna, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

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

Lot Info

  • Parcel Number: 02-42-03-120-2350

Rental Info

  • Pets Allowed: No, Maximum 20 Lbs

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6183

Multi Family

  • Number Of Units In Community: 238
  • Number Of Units Total: 238

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2024
Closed on
Sep 18, 2024
Sold by
Zeta Realty Trust and Zottos Harry S
Bought by
Hedges Thomas A and Garcia Jose L
Seller's Agent
James Rodgers
Skymarc Properties LLC
Buyer's Agent
James Rodgers
Skymarc Properties LLC
List Price
$699,000
Sold Price
$667,000
Premium/Discount to List
-$32,000
-4.58%
Views
11
Current Estimated Value
$555,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$111,702
Avg. Annual Appreciation
-12.19%
Original Mortgage
$504,000
Outstanding Balance
$498,356
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$56,942

Purchase Details

Closed on
Dec 1, 2009
Sold by
Membiela Milli
Bought by
Zottos Harry S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hedges Thomas A $667,000 Florida Title
Zottos Harry S $335,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hedges Thomas A $504,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2024 09/19/24 Sold $667,000 -4.6% $1,018 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $699,000 -- $1,067 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $6,762 $432,014 -- --
2024 $6,183 $353,023 -- --
2023 $6,183 $320,930 $0 $0
2022 $5,588 $291,755 $0 $0
2021 $5,206 $265,232 $0 $0
2020 $4,668 $241,120 $0 $0
2019 $5,310 $274,000 $0 $0
2018 $6,106 $334,019 $0 $0
2017 $5,531 $290,451 $0 $0
2016 $5,522 $265,280 $0 $0
2015 $4,945 $241,164 $0 $0
2014 $4,454 $219,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Rodgers

    Seller's Agent in 2024

    James Rodgers

    Skymarc Properties LLC

    (347) 423-5781

    17 in this area

    35 Total Sales

    James Rodgers
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About The Presidential

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11615558

MIAMI REALTORS® MLS

APN: 02-4203-120-2350

Florida Miami/Dade County Miami Beach 33139 South Pointe

401 Ocean Dr Unit 1123, Miami Beach, FL

Not Listed for Sale

Condos

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