NOT LISTED FOR SALE

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

South Pointe Neighborhood

Estimated Value: $480,000 - $534,000

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. 43% increase in value since last sale

Current estimated payment $3,705/month

33 Days on Market

Highlights

  • Ocean Front
  • Deeded Boat Dock
  • 1 Car Attached Garage
  • South Pointe Elementary School Rated A-
  • 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

  • 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

Additional Features

  • Deeded Boat Dock
  • 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
  • Lobby
  • 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

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
$500,825

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
7.80%

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:

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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 Change Sq Ft Price
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 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 $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

    3 in this area

    37 Total Sales

    Section Image

  • A

    Buyer's Agent in 2020

    Andres Ferrando

    Avenew Realty Corp

    (786) 521-8811

    27 Total Sales

    Section Image
  • Valeria Scinto

    Seller's Agent in 2016

    Valeria Scinto

    Mainframe Real Estate

    (305) 778-8020

    33 Total Sales

    Section Image
  • Danell Van Orden

    Buyer's Agent in 2016

    Danell Van Orden

    The Keyes Company

    (305) 527-6051

    41 in this area

    113 Total Sales

    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

This home is located at 401 Ocean Dr Unit 809, Miami Beach, FL 33139 since 26 June 2020 and is currently estimated at $500,825, approximately $764 per square foot. This property was built in 1970. 401 Ocean Dr Unit 809 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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