NOT LISTED FOR SALE

The Presidential 401 Ocean Dr Unit 405 Miami Beach, FL 33139

South Pointe Neighborhood

Estimated Value: $415,606 - $554,000

2 Beds
1 Bath
659 Sq Ft
$379/mo HOA Fee

Last Sold December 07, 2020

Last sale price $335,500 $509 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,526/month

44 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Garden View
  • South Pointe Elementary School Rated A-
  • Fitness Center
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

As of December 2020

DEAL OF THE YEAR! LOWEST PRICED MODERN RENOVATED 2BR CONDO ON OCEAN DRIVE SOUTH OF FIFTH. CORNER UNIT, 2 FULL BEDROOMS. OVER-SIZED ULTRA-MODERN BATHROOM, OPEN KITCHEN/LIVINGROOM w/ ISLAND, NEW HURRICANE IMPACT WINDOWS + DOORS. THE PERFECT CONDO TO LIVE IN OR RENT OUT AT $2,000/m. WELL MANAGED BLDG, NO ASSESSMENTS + SIGNIFICANT RESERVES. INCLUDES CABLE TV, HIGH-SPEED INTERNET, 24/7 SECURITY/CONCIERGE, HEATED POOL OVERLOOKING THE OCEAN BEACHES. THIS IS THE DEAL YOU’VE BEEN WAITING FOR! EASY TO SHOW, EASY TO RENT, AND VERY EASY TO FINANCE. MUST SELL NOW!

Last Agent to Sell the Property

Andrew Katz

Howard Chase Real Estate, LLC License #3218087 Listed on: 09/26/2020

Last Buyer's Agent

Andrew Katz

Howard Chase Real Estate, LLC License #3218087 Listed on: 09/26/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,554

Year Built

  • Built in 1970 | Remodeled

Lot Details

  • West Facing Home

HOA Fees

  • $379 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 659 Sq Ft Home
  • Built-In Features
  • Blinds
  • Family Room
  • Combination Dining and Living Room
  • Tile Flooring
  • Garden Views

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Property has ocean access
  • Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-120-0440

Community Details

Overview

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

Amenities

  • Doorman
  • Trash Chute
  • Laundry Facilities
  • Lobby

Recreation

  • Fitness Center

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • Complete Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,554

Year Built

Built in 1970 | Remodeled

Lot Details

0

HOA Fees

$379 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 4
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE PRESIDENTIAL CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Lobby, Built-in Features, Closet Cabinetry, Family Room
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 659
  • Possible Use: Unknown/Withheld
  • Stories: 11
  • Window Features: Complete Impact Glass, Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Family Room

Exterior Features

  • View: Garden View
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: THE PRESIDENTIAL
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Space Rented

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Smoke Detector, Doorman, Elevator Secure

Condo/Co-op/Association

  • Association Fee: 379
  • Amenities: Laundry, Elevator(s), Exercise Room, Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-120-0440
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4554

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2023
Sold by
Dal Nelson Solorzano Revocable Inter Viv
Bought by
Morales Solorzano Community Property Trust
Current Estimated Value
$485,834

Purchase Details

Listed on
Sep 26, 2020
Closed on
Dec 4, 2020
Sold by
Mcmahon Patrick and Mcmahon Margaret
Bought by
Solorzano Dal Nelson and Morales Elina M
Seller's Agent
Andrew Katz
Howard Chase Real Estate, LLC
Buyer's Agent
Andrew Katz
Howard Chase Real Estate, LLC
List Price
$339,000
Sold Price
$335,500
Premium/Discount to List
-$3,500
-1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.15%

Purchase Details

Closed on
Mar 27, 2015
Sold by
Romano Jose C
Bought by
Mcmahon Patrick and Mcmahon Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,250
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2000
Sold by
Garman Marlene
Bought by
Romano Jose C
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
Morales Solorzano Community Property Trust -- None Listed On Document
Solorzano Dal Nelson $335,500 Attorney
Mcmahon Patrick $287,000 None Available
Romano Jose C $91,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcmahon Patrick $215,250
Previous Owner Romano Jose C $121,000
Previous Owner Romano Jose C $50,000
Previous Owner Romano Jose C $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Sold $335,500 -1.0% $509 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
09/26/2020 09/26/20 For Sale $339,000 0.0% $514 / Sq Ft
07/05/2016 07/05/16 Rented $1,975 +6.8% --
07/05/2016 07/05/16 Under Contract -- -- --
06/21/2016 06/21/16 Price Changed $1,850 -15.9% $3 / Sq Ft
06/16/2016 06/16/16 For Rent $2,200 -- --
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 $5,839 $341,826 -- --
2024 $6,145 $310,751 -- --
2023 $6,145 $324,159 $0 $0
2022 $5,555 $294,690 $0 $0
2021 $5,173 $267,900 $0 $0
2020 $4,550 $235,000 $0 $0
2019 $4,554 $235,000 $0 $0
2018 $4,653 $247,450 $0 $0
2017 $4,846 $254,502 $0 $0
2016 $5,373 $276,633 $0 $0
2015 $4,952 $241,505 $0 $0
2014 $4,461 $219,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Katz

    Seller's Agent in 2020

    Andrew Katz

    Howard Chase Real Estate, LLC

    (305) 523-9323

    3 in this area

    37 Total Sales

    Section Image
  • Valeria Scinto

    Seller's Agent in 2016

    Valeria Scinto

    Mainframe Real Estate

    (305) 778-8020

    33 Total Sales

    Section Image
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About The Presidential

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10933500

MIAMI REALTORS® MLS

APN: 02-4203-120-0440

Florida Miami/Dade County Miami Beach 33139 South Pointe

401 Ocean Dr Unit 405, Miami Beach, FL

This home is located at 401 Ocean Dr Unit 405, Miami Beach, FL 33139 since 26 September 2020 and is currently estimated at $474,402, approximately $719 per square foot. This property was built in 1970. 401 Ocean Dr Unit 405 is a home located in Miami-Dade County with nearby schools including South Pointe Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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