NOT LISTED FOR SALE

The Presidential 401 Ocean Dr Unit 721 Miami Beach, FL 33139

South Pointe Neighborhood

Estimated Value: $445,000 - $537,000

1 Bed
1 Bath
655 Sq Ft
1970 Built

Sale Details

Date Sold: July 17, 2023

Last sale price $455,000 $695 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,789 / mo

211 Days on Market

Highlights

  • Ocean Front
  • Sauna
  • Heated Community Pool
  • South Pointe Elementary School Rated 9+
  • Furnished
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

As of July 2023

Beautiful furnished 1 bed condo right on to the sandy beach & turquoise ocean.Impact windows,bedrm electric blackout blind,tiled floors throughout,open kitchen,oversized countertop,glassed-in shower,central A/C only 2 yrs old & Nest thermostat,tankless electric water heater,walk-in closet,balcony w/magnificent water view & assigned gated parking. Direct view of the Atlantic Ocean from the pool deck(renovation done approx.Aug.'23),sauna,community room,high-speed Internet,free community storage&covered bike rack. Next door to the Savoy Hotel & Beach Club w/its exclusive membership,short walk to restaurants,FREE trolley & so much more.No pets nor short-term rentals allowed! No rentals 1st yr.! 40yrs recertification done/50yrs to be finished soon! Special assessments paid by seller at closing!

Last Agent to Sell the Property

Adanna Becker

Sterling Equity Realty LLC License #3116023 Listed on: 12/17/2022

Last Buyer's Agent

Lori Prepszent

Compass Florida, LLC License #3135886

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,149

Year Built

  • Built in 1970

HOA Fees

  • $599 Monthly HOA Fees

Parking

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

Home Design

  • Entry on the 7th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 655 Sq Ft Home
  • Custom Mirrors
  • Furnished
  • Blinds
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Shower Only
  • Primary Bathroom includes a Walk-In Shower

Home Security

Outdoor Features

  • Property has ocean access
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • High-Efficiency Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-120-1340

Community Details

Overview

  • 283 Units
  • Mid-Rise Community
  • The Presidential Condo
  • The Presidential Condo Subdivision
  • 11-Story Property

Amenities

  • Trash Chute
  • Community Center
  • Party Room
  • Laundry Facilities
  • Elevator
  • Secure Lobby
  • Community Storage Space

Recreation

Pet Policy

  • No Pets Allowed

Building Details

Security

  • Complex Is Fenced
  • Complete Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,149

Year Built

Built in 1970

Lot Details

0 Sq Ft Lot

HOA Fees

$599 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: GO EAST ON MACARTHUR CSWY I-395 TO MIAMI BEACH INTO 5TH ST. TURN RIGHT/SOUTH ON OCEAN DR. 4TH BLDG IN THE LEFT/EAST SIDE. NW CORNER OF 5TH ST & OCEAN DR. - WELCOME!
  • Entry Level: 7
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Unrestricted Salt Water 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: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Lobby, Custom Mirrors, Walk-In Closet(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Furnished: Furnished, Unfurnished
  • Living Area: 655
  • Possible Use: Unknown/Withheld
  • Stories: 11
  • Window Features: Complete Impact Glass, Blinds, Impact Glass
  • Bedroom Features: Primary Bath Shower
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Ocean View, Water View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: THE PRESIDENTIAL CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Assigned, Covered, Parking-Under Building

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Smoke Detector, Complex Fenced, Secured Garage/Parking, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 599
  • Amenities: Laundry, Community Room, Elevator(s), Storage, Heated Pool, Exterior Lighting, Pool, Sauna, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-120-1340
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Efficiency: Thermostat, Water Heater

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5149

Multi Family

  • Maintenance Expense: 599
  • Number Of Units In Community: 283
  • Number Of Units Total: 283

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
Dec 17, 2022
Closed on
Jul 17, 2023
Sold by
Bought by
Seller's Agent
Adanna Becker
Sterling Equity Realty LLC
Buyer's Agent
Lori Prepszent
Compass Florida, LLC
List Price
$475,000
Sold Price
$455,000
Premium/Discount to List
-$20,000
-4.21%
Views
101
Current Estimated Value
$487,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,248
Avg. Annual Appreciation
2.41%

Purchase Details

Listed on
Jun 12, 2017
Closed on
Sep 27, 2017
Sold by
Bought by
Seller's Agent
Luis Reyes
Dalton Wade Inc
Buyer's Agent
Vitaly Pilyavsky
Dezer Platinum Realty LLC
List Price
$435,000
Sold Price
$412,500
Premium/Discount to List
-$22,500
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.70%
Original Mortgage
$232,500
Interest Rate
3.83%

Purchase Details

Closed on
Apr 12, 2007
Sold by
Bought by

Purchase Details

Closed on
Apr 15, 2003
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 2000
Sold by
Bought by

Purchase Details

Closed on
Sep 11, 1995
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 1993
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.13%

Purchase Details

Closed on
Dec 30, 1992
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$455,000 Seagull Title
$455,000 Seagull Title
-- --
$335,000 Attorney
$175,000 --
$100 --
$123,000 --
$90,000 --
$60,000 --
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
Previous Owner $232,500
Previous Owner --
Previous Owner $60,000
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 Prior Sale
07/17/2023 07/17/23 Sold $455,000 0.0% $695 / Sq Ft
06/14/2023 06/14/23 Off Market $455,000 -- --
12/17/2022 12/17/22 For Sale $475,000 +15.2% $725 / Sq Ft
09/22/2017 09/22/17 Sold $412,500 -5.2% $630 / Sq Ft View Prior Sale
07/21/2017 07/21/17 Pending -- -- --
06/09/2017 06/09/17 For Sale $435,000 -- $664 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $6,717 $393,221 -- --
2024 $5,934 $357,474 -- --
2023 $5,934 $308,046 $0 $0
2022 $5,363 $280,042 $0 $0
2021 $4,997 $254,584 $0 $0
2020 $4,481 $231,440 $0 $0
2019 $5,097 $263,000 $0 $0
2018 $6,034 $320,900 $0 $0
2017 $5,394 $280,401 $0 $0
2016 $5,306 $254,910 $0 $0
2015 $4,752 $231,737 $0 $0
2014 $4,280 $210,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Adanna Becker

    Seller's Agent in 2023

    Adanna Becker

    Sterling Equity Realty LLC

    (305) 491-4416

    3 in this area

    15 Total Sales

    Adanna Becker
    Section Image
  • Lori Prepszent

    Buyer's Agent in 2023

    Lori Prepszent

    Compass Florida, LLC

    (786) 764-0054

    1 in this area

    9 Total Sales

    Lori Prepszent
    Section Image

  • L

    Seller's Agent in 2017

    Luis Reyes

    Dalton Wade Inc

    (305) 498-0045

    6 Total Sales

    Luis Reyes
    Section Image

  • E

    Seller Co-Listing Agent in 2017

    Enrique Lopez

    MMLS Assoc.-Inactive Member

    Section Image
  • Vitaly Pilyavsky

    Buyer's Agent in 2017

    Vitaly Pilyavsky

    Dezer Platinum Realty LLC

    (305) 932-1000

    32 Total Sales

    Vitaly Pilyavsky
    Section Image
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About The Presidential

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11316614

MIAMI REALTORS® MLS

APN: 02-4203-120-1340

Florida Miami/Dade County Miami Beach 33139 South Pointe

401 Ocean Dr Unit 721, Miami Beach, FL

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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