NOT LISTED FOR SALE

The Presidential 401 Ocean Dr Unit 505 Miami Beach, FL 33139

South Pointe Neighborhood

Estimated Value: $408,111 - $526,000

1 Bed
1 Bath
659 Sq Ft
1970 Built

Last Sold July 08, 2016

Last sale price $325,000 $493 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,902/month

Highlights

  • Ocean Front
  • Fitness Center
  • In Ground Pool
  • South Pointe Elementary School Rated A-
  • Gated with Attendant
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

As of January 2021

Exquisite 1 bed/1 bath apt. on historic Ocean Drive. Building is right on the beach in the prestigious SoFi residential neighborhood,known for world-renowned restaurants & parks, notably South Pointe Park. Fully renovated including tile flooring, SS appliances and sleek modern design. Can be rented with or without furniture. Comes w. central A/C,on-site washer/dryer,1 assigned covered parking space in a gated doorman building, west facing balcony for beautiful sunsets, hurricane proof floor-to-ceiling sliding doors & windows, spacious master and lots of natural light. Premium cable & WiFi included. Building has a sauna, beautiful pool and a beach facing pool deck. Pool is currently under construction and is scheduled to reopen by end of year. You will be delighted to live here!

Last Agent to Rent the Property

George Theodore

Address Real Estate LLC License #3275821 Listed on: 11/18/2020

Last Renter's Agent

Jeffrey Greenberg

MMLS Assoc.-Inactive Member License #3393614

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,889

Year Built

  • Built in 1970

Lot Details

  • West Facing Home

Parking

  • 1 Car Garage

Interior Spaces

  • 659 Sq Ft Home
  • Partially Furnished
  • Built-In Features
  • Dryer

Kitchen

  • Electric Range
  • Microwave
  • Cooking Island

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom

Home Security

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Deck
  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 12/1/20
  • Assessor Parcel Number 02-42-03-120-0690

Community Details

Overview

  • No Home Owners Association
  • The Presidential Condo
  • The Presidential Condo Subdivision

Amenities

  • Sauna
  • Community Center
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed: No
  • Breed Restrictions

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Card or Code Access
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,889

Year Built

Built in 1970

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: No, Restrictions Or Possible Restrictions
  • Available Date: 2020-12-01

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: THE PRESIDENTIAL CONDO
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Dryer, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Built-in Features, Closet Cabinetry, Cooking Island
  • Spa Yn: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Furnished: Partially
  • Living Area: 659
  • Other Equipment: Elevator
  • Window Features: Clear Impact Glass, High Impact Windows

Exterior Features

  • Direction Faces: West
  • Patio And Porch Features: Porch/Balcony, Deck
  • Pool Features: In Ground
  • Pool Private: No
  • View: No
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: THE PRESIDENTIAL CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm, Key Card Entry, Gated with Guard

Condo/Co-op/Association

  • Amenities: Activity Room, Gated, Elevator(s), Exercise Room, Management On Site, Sauna
  • Association: No

Lot Info

  • Parcel Number: 02-42-03-120-0690
  • Land Lease Amount Frequency: Annually
  • Zoning: 4900
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2016
Closed on
Jul 12, 2016
Sold by
Vargas Ana Maria
Bought by
Deaza Ana
Seller's Agent
Krste Stojanoski
London Foster Realty
Buyer's Agent
Scott Glaser
MMLS Assoc.-Inactive Member
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%
Current Estimated Value
$459,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,778
Avg. Annual Appreciation
3.80%
Original Mortgage
$260,000
Outstanding Balance
$207,826
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$251,952
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
Deaza Ana $325,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deaza Ana $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2021 01/15/21 Rented $1,850 -7.5% --
12/30/2020 12/30/20 Under Contract -- -- --
11/16/2020 11/16/20 For Rent $2,000 0.0% --
07/08/2016 07/08/16 Sold $325,000 -7.1% $493 / Sq Ft View Prior Sale
06/27/2016 06/27/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $350,000 -- $531 / Sq Ft
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 $5,889 $344,735 -- --
2024 $6,234 $313,396 -- --
2023 $6,234 $329,890 $0 $0
2022 $3,876 $247,527 $0 $0
2021 $3,850 $240,318 $0 $0
2020 $3,798 $237,000 $0 $0
2019 $3,802 $237,000 $0 $0
2018 $3,927 $249,900 $0 $0
2017 $4,118 $257,063 $0 $0
2016 $1,044 $123,252 $0 $0
2015 $1,059 $122,396 $0 $0
2014 $1,079 $121,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • George Theodore

    Landlord's Agent in 2021

    George Theodore

    Address Real Estate LLC

    (786) 664-8661

    16 Total Sales

    George Theodore
    Section Image

  • J

    Tenant's Agent in 2021

    Jeffrey Greenberg

    MMLS Assoc.-Inactive Member

  • Krste Stojanoski

    Seller's Agent in 2016

    Krste Stojanoski

    London Foster Realty

    (305) 666-1800

    4 in this area

    10 Total Sales

    Krste Stojanoski
    Section Image

  • S

    Buyer's Agent in 2016

    Scott Glaser

    MMLS Assoc.-Inactive Member

See All Agents

About The Presidential

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10959578

MIAMI REALTORS® MLS

APN: 02-4203-120-0690

Florida Miami/Dade County Miami Beach 33139 South Pointe

401 Ocean Dr Unit 505, Miami Beach, FL

This home is located at 401 Ocean Dr Unit 505, Miami Beach, FL 33139 since 18 November 2020 and is currently priced at $459,778. This property was built in 1970. 401 Ocean Dr Unit 505 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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