$530,000
SOLD APR 23, 2021
2 Beds
2 Baths
1,302 Sq Ft
1967 Built

Recently Sold

$407 Per Sq Ft

1% Below List Price

21 Days on Market

Highlights

  • Doorman
  • Property Fronts a Bay or Harbor
  • Balcony
  • North Beach Elementary School Rated A-
  • Fitness Center
  • 2-minute walk to Belle Isle Park

About This Home

As of April 2021

Spacious corner unit, 2 Bedrooms 2 Bathrooms, 1,302 SF with a large balcony, and direct park views and water views. The unit is in great condition with upgraded bathrooms, recently renovated interior space, and hurricane sliding balcony doors. Island Terrace condo, designed by world-renowned architect, Morris Lapidus, has been recently renovated and offers amenities including pool, gym, and 24/7 doorman. Across the street from the Standard and walking distance to Lincoln Road, this is truly one of the best locations in South Beach. Easy to show! Includes cable, internet, water, 24-hour security, and building amenities.

Last Agent to Sell the Property

Menachem Fellig

Compass Florida, LLC. License #3291623 Listed on: 02/12/2021

Compass Florida, LLC.

Co-Listed By

Lily Choi

Compass Florida, LLC. License #3479602

Last Buyer's Agent

Jennifer Wollmann

Avanti Way Commercial License #0674769

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,556

Year Built

  • Built in 1967

Lot Details

  • Property Fronts a Bay or Harbor
  • East Facing Home

Parking

  • 1 Car Garage

Property Views

  • Garden

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,302 Sq Ft Home
  • Built-In Features
  • Ceramic Tile Flooring

Kitchen

  • Built-In Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Outdoor Grill

Additional Features

  • Accessible Elevator Installed
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-044-0270

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Condominium
  • Island Terrace Condos
  • Island Terrace Condo Subdivision
  • 16-Story Property

Recreation

Pet Policy

  • Breed Restrictions

Security

  • High Impact Door
  • Fire Sprinkler System

Additional Features

  • Doorman
  • Maintenance Expense $970

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,556

Year Built

Built in 1967

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1967
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: COMP01
  • Co List Office Phone: 305-851-2820
  • Entry Level: 4
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: ISLAND TERRACE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Other Equipment/Appliances, Electric Range, Refrigerator, Wall Oven
  • Interior Amenities: Built-in Features, Elevator, Fire Sprinklers, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1302
  • Possible Use: Unknown/Withheld
  • Stories: 16
  • Window Features: Hurricane Shutters
  • Bedroom Features: Other

Exterior Features

  • View: Bay, Garden View
  • Exterior Features: East Of Us1, Barbeque, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: ISLAND TERRACE
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Doorman

Condo/Co-op/Association

  • Amenities: Exercise Room, Other
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-33-044-0270
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No, Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 970

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6556

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2021
Closed on
Apr 22, 2021
Sold by
Fellig Sonny Z and Fellig Miriam
Bought by
Heerman Matthew S and Richmond Christopher E
Seller's Agent
Menachem Fellig
Compass Florida, LLC.
Buyer's Agent
Jennifer Wollmann
Avanti Way Commercial
List Price
$535,000
Sold Price
$530,000
Premium/Discount to List
-$5,000
-0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.30%
Original Mortgage
$424,000
Outstanding Balance
$385,879
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$387,488

Purchase Details

Listed on
Oct 24, 2013
Closed on
Feb 28, 2014
Sold by
Puma Dominique and Castano Dominique
Bought by
Fellig Sonny Z and Fellig Miriam
Seller's Agent
John Sandberg
Compass Florida, LLC.
Buyer's Agent
Judith Rosen
Judith Rosen, Realtor
List Price
$469,000
Sold Price
$416,500
Premium/Discount to List
-$52,500
-11.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.43%
Original Mortgage
$333,200
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 23, 2004
Sold by
Fisherow Walter Benjamin
Bought by
Castano Dominique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.25%
Mortgage Type
Unknown
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

Date Type Sale Price Title Company
Warranty Deed $530,000 Florida Ttl & Guarantee Agcy
Warranty Deed $416,500 Attorney
Personal Reps Deed $275,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $424,000 New Conventional
Previous Owner $333,200 Adjustable Rate Mortgage/ARM
Previous Owner $220,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Sale $700,000 +32.1% $538 / Sq Ft
04/23/2021 04/23/21 Sold $530,000 -0.9% $407 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $535,000 +0.9% $411 / Sq Ft
02/28/2021 02/28/21 Off Market $530,000 -- --
02/11/2021 02/11/21 For Sale $535,000 +28.5% $411 / Sq Ft
02/28/2014 02/28/14 Sold $416,500 -7.2% $320 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
12/02/2013 12/02/13 Price Changed $449,000 -4.3% $345 / Sq Ft
10/24/2013 10/24/13 For Sale $469,000 -- $360 / 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 $8,691 $518,309 -- --
2024 $8,464 $503,702 -- --
2023 $8,464 $489,032 $0 $0
2022 $8,146 $474,789 $0 $0
2021 $7,972 $412,860 $0 $0
2020 $6,822 $393,200 $0 $0
2019 $6,829 $393,200 $0 $0
2018 $7,903 $461,305 $0 $0
2017 $7,835 $452,260 $0 $0
2016 $7,997 $452,260 $0 $0
2015 $8,960 $452,260 $0 $0
2014 $6,326 $287,727 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10998128

MIAMI REALTORS® MLS

APN: 02-3233-044-0270