NOT LISTED FOR SALE

The Presidential 401 Ocean Dr Unit 809 Miami Beach, FL 33139

South Pointe Neighborhood

Estimated Value: $433,256 - $523,000

1 Bed
1 Bath
655 Sq Ft
$397/ mo HOA Fee

Last Sold July 27, 2020

Last sale price $350,000 $534 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,482/month

33 Days on Market

Highlights

  • Ocean Front
  • Deeded Boat Dock
  • 1 Car Attached Garage
  • South Pointe Elementary School Rated 9+
  • Community Pool
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

As of July 2020

LOOKING FOR A REAL DEAL? THIS IS IT! THE BEST PRICED OCEAN DRIVE CONDO IN SOUTH BEACH AND THE LOWEST PRICED 1-BED WITH DIRECT OCEAN VIEWS SOUTH OF FIFTH. THIS IS THE PERFECT CONDO TO LIVE IN OR RENT OUT AT $2,000/M. HANG AT THE POOL OVERLOOKING THE OCEAN OR CHILL ON THE SANDY WHITE BEACHES. QUIET+SAFE NEIGHBORHOOD. WALKING DISTANCE TO NEIGHBORHOOD CONVENIENCES + RESTAURANTS. WELL MANAGED BLDG W/ NO ASSESSMENTS + SIGNIFICANT RESERVES. INCLUDES WIFI, CABLE TV, HEATED POOL, SAUNA, AND 24/7 SECURITY + CONCIERGE. COMES WITH NEW HURRICANE IMPACT WINDOWS + DOORS, RENOVATED KITCHEN + BATH. WHY BUY A REGULAR CONDO 5 BLOCKS FROM THE BEACH, WHEN YOU CAN LIVE ON THE BEACH! EASY TO FINANCE. CALL TODAY!

Last Agent to Sell the Property

Andrew Katz

Howard Chase Real Estate, LLC License #3218087 Listed on: 06/26/2020

Last Buyer's Agent

Andres Ferrando

Avenew Realty Corp License #3377969

Avenew Realty Corp

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,155

Year Built

  • Built in 1970 | Remodeled

HOA Fees

  • $397 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Entry on the 8th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 655 Sq Ft Home
  • Built-In Features
  • Family or Dining Combination
  • Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Deeded Boat Dock
  • Exterior Lighting

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-120-1480

Community Details

Overview

  • The Presidential Condos
  • The Presidential Condo Subdivision
  • 15-Story Property

Amenities

  • Trash Chute
  • Laundry Facilities
  • Secure Lobby

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Phone Entry
  • Complex Is Fenced
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,155

Year Built

Built in 1970 | Remodeled

Lot Details

0 Sq Ft Lot

HOA Fees

$397 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Entry Level: 8
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Dock
  • 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, Microwave, Electric Range, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Lobby, Built-in Features, Closet Cabinetry, Family Room
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 655
  • Possible Use: Unknown/Withheld
  • Stories: 15
  • Bedroom Features: Entry Level
  • Dining Room Features: Family/Dining Combination
  • Living Room Features: Family Room

Exterior Features

  • View: Ocean View, Water View
  • Construction Type: CBS Construction
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Complex Fenced, Phone Entry, Lobby Secured, Security Patrol

Condo/Co-op/Association

  • Association Fee: 397
  • Amenities: Laundry, Exterior Lighting, Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-120-1480
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5155

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2021
Sold by
Masri Moustapha K
Bought by
Masri Moustapha K and Masri Family Revocable Trust
Current Estimated Value
$489,564

Purchase Details

Listed on
Jun 26, 2020
Closed on
Jul 20, 2020
Sold by
Mcmahon Patrick
Bought by
Masri Moustapha K
Seller's Agent
Andrew Katz
Howard Chase Real Estate, LLC
Buyer's Agent
Andres Ferrando
Avenew Realty Corp
List Price
$410,000
Sold Price
$350,000
Premium/Discount to List
-$60,000
-14.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%

Purchase Details

Closed on
Jul 24, 2014
Sold by
Klein Ronald and Klein Barbara E K
Bought by
Mcmahon Patricik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2004
Sold by
Klein Ronald and Klein Barbara
Bought by
Klein Ronald and Klein Barbara E K
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
Masri Moustapha K -- Attorney
Masri Moustapha K $350,000 C & C Title Agency Inc
Mcmahon Patricik $295,000 Attorney
Klein Ronald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcmahon Patricik $221,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2020 07/27/20 Sold $350,000 -14.6% $534 / Sq Ft
06/24/2020 06/24/20 For Sale $410,000 0.0% $626 / Sq Ft
07/15/2016 07/15/16 Rented $1,925 -1.3% --
07/07/2016 07/07/16 Price Changed $1,950 +5.4% $3 / Sq Ft
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

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 $6,794 $397,706 -- --
2024 $6,211 $361,551 -- --
2023 $6,211 $328,683 $0 $0
2022 $5,614 $298,803 $0 $0
2021 $5,198 $269,192 $0 $0
2020 $4,532 $234,080 $0 $0
2019 $5,155 $266,000 $0 $0
2018 $5,926 $324,200 $0 $0
2017 $5,368 $281,906 $0 $0
2016 $5,643 $280,885 $0 $0
2015 $5,059 $255,350 $0 $0
2014 $4,323 $212,790 $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

    1 in this area

    30 Total Sales

    Andrew Katz
    Section Image

  • A

    Buyer's Agent in 2020

    Andres Ferrando

    Avenew Realty Corp

    (786) 521-8811

    24 Total Sales

    Andres Ferrando
    Section Image
  • Valeria Scinto

    Seller's Agent in 2016

    Valeria Scinto

    Mainframe Real Estate

    (305) 778-8020

    30 Total Sales

    Valeria Scinto
    Section Image
  • Danell Van Orden

    Buyer's Agent in 2016

    Danell Van Orden

    The Keyes Company

    (305) 527-6051

    46 in this area

    113 Total Sales

    Danell Van Orden
    Section Image
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About The Presidential

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10881351

MIAMI REALTORS® MLS

APN: 02-4203-120-1480

Florida Miami/Dade County Miami Beach 33139 South Pointe

401 Ocean Dr Unit 809, Miami Beach, FL

Not Listed for Sale

Condos

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