NOT LISTED FOR SALE

Estimated Value: $495,580

1 Bed
1 Bath
655 Sq Ft
1970 Built

Sale Details

Date Sold: May 21, 2024

Last sale price $525,000 $802 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,614 / mo

48 Days on Market

Highlights

  • Doorman
  • Intercom to Front Desk
  • Main Floor Primary Bedroom
  • Direct Ocean View
  • Waterfront
  • Sauna

About This Home

As of May 2024

DIRECT OCEANFRONT BUILDING This incredible 1 BR 1 BATH fully renovated (2024) is located in the highly desirable South Beach neighborhood SOUTH of 5th (SOBE). Offers stunning ocean views, beach access, large elevated pool and sun deck overlooking the ocean. High impact windows and doors. Must see and feel to truly appreciate!

Last Buyer's Agent

Corrado Colini

Douglas Elliman License #0655557

Douglas Elliman
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,034

Year Built

  • Built in 1970

Lot Details

  • Northeast Facing Home

HOA Fees

  • $638 Monthly HOA Fees

Home Design

  • Entry on the 9th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 655 Sq Ft Home
  • Combination Dining and Living Room

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Main Floor Bedroom
  • 1 Full Bathroom

Home Security

Utilities

  • Cooling Available
  • Heating Available
  • Three-Phase Power
  • Cable TV Available

Additional Features

  • Balcony
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-120-1840

Community Details

Overview

  • The Presidential Condo Subdivision
  • Mandatory home owners association
  • The community has rules related to no recreational vehicles or boats
  • 11-Story Property

Amenities

  • Doorman
  • Full Time Lobby Attendant
  • Sauna
  • Community Center
  • Party Room
  • Intercom to Front Desk

Recreation

Pet Policy

  • Pets Allowed

Security

  • Phone Entry
  • Complete Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,034

Year Built

Built in 1970

Lot Details

0 Sq Ft Lot

HOA Fees

$638 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Directions: 4th Street and Ocean Drive
  • Entry Level: 9
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Road Frontage Type: U.S. Hwy
  • Building Stories: 11
  • Structure Type: Condo
  • Subdivision Name: THE PRESIDENTIAL CONDO
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • LastStatus: Pending
  • CurrentPrice: 525000
  • Special Features: VirtualTour
  • Stories: 11

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Furnished: Unfurnished
  • Living Area: 655
  • Stories: 11
  • Window Features: Complete Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Ground Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Ocean, Direct Ocean, Ocean View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: Northeast
  • Lot Features: East Of US 1
  • Other Structures: Livable
  • Patio And Porch Features: Open Balcony
  • Pool Features: Community
  • Pool Private: Yes
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Parking Features: No Boats, No Rv/Boats

Utilities

  • Sewer: At Site, Public Sewer, Other, Public Sanitation, Sewer
  • Water Source: Public
  • Green Building Features: Sauna
  • Cooling: Central Individual A/C
  • Cooling Y N: Yes
  • Electric: 3 Phase Electric
  • Electricity On Property: Yes
  • Heating: Central Individual A/C
  • Heating Yn: Yes
  • Security: Doorman, Phone Entry, Intercom In Lobby, Lobby Attended
  • Utilities: Cable Connected, Sewer Connected, Water Connected, Cable Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association Fee: 638
  • Amenities: Community Room, Community Pool, Pool, Private Pool, Sauna
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Buyer Approval Required, Mandatory Hoa, Pool, Sauna

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-120-1840
  • Zoning: 4900

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4034

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
Mar 4, 2024
Closed on
May 10, 2024
Sold by
Bought by
Buyer's Agent
Corrado Colini
Douglas Elliman
List Price
$595,000
Sold Price
$525,000
Premium/Discount to List
-$70,000
-11.76%
Current Estimated Value
$495,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,420
Avg. Annual Appreciation
-2.60%

Purchase Details

Listed on
Mar 15, 2017
Closed on
Aug 8, 2017
Sold by
Bought by
Seller's Agent
Juan Perez
Florida Realty of Miami Corp
Buyer's Agent
J. Richard Allison
MMLS Assoc.-Inactive Member
List Price
$400,000
Sold Price
$395,000
Premium/Discount to List
-$5,000
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.28%
Original Mortgage
$292,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2015
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 2003
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
$123,900
Interest Rate
5.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 1999
Sold by
Bought by

Purchase Details

Closed on
Sep 16, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 5, 1997
Sold by
Bought by

Purchase Details

Closed on
Feb 12, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$525,000 None Listed On Document
$395,000 Attorney
-- None Available
$104,000 Family Title Corp
$101,000 --
-- --
$150,000 --
$95,000 --
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 $292,500
Previous Owner $190,000
Previous Owner $123,900
Previous Owner $123,900
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
05/21/2024 05/21/24 Sold $525,000 -11.8% $802 / Sq Ft
04/21/2024 04/21/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $595,000 +50.6% $908 / Sq Ft
08/08/2017 08/08/17 Sold $395,000 -1.3% $603 / Sq Ft View Prior Sale
05/15/2017 05/15/17 Pending -- -- --
03/15/2017 03/15/17 For Sale $400,000 0.0% $611 / Sq Ft
12/16/2015 12/16/15 Rented $2,200 -45.0% --
11/16/2015 11/16/15 Under Contract -- -- --
11/03/2015 11/03/15 For Rent $4,000 -- --
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 $4,154 $424,130
2024 $4,035 $262,291
2023 $4,035 $254,652 $0 $0
2022 $3,871 $247,235 $0 $0
2021 $3,844 $240,034 $0 $0
2020 $3,793 $236,720 $0 $0
2019 $4,423 $269,000 $0 $0
2018 $5,386 $327,456 $0 $0
2017 $5,422 $284,744 $0 $0
2016 $6,012 $309,504 $0 $0
2015 $4,848 $236,423 $0 $0
2014 -- $214,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: R10965352

MIAMI REALTORS® MLS

APN: 02-4203-120-1840

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