NOT LISTED FOR SALE

Estimated Value: $177,219 - $183,000

-- Bed
1 Bath
416 Sq Ft
$432/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $120,000 $288 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,492/month

Highlights

  • Furnished
  • Views
  • Combination Dining and Living Room
  • No HOA
  • Ceramic Tile Flooring
  • 4-minute walk to Parkview Annex

About This Home

As of July 2020

Beautiful Miami Beach studio priced to sell — perfect for investors or as a beachside pied-à-terre.
This bright unit offers excellent potential with a functional layout, plenty of natural light, and a location that’s hard to beat. Just a few blocks from the beach, parks, restaurants, and public transportation, it’s ideal for anyone looking for convenience and long-term value. The unit has been well-maintained and is fully functional, though it could benefit from some updating — which is already reflected in the new, highly competitive price. Investors will appreciate the strong rental demand in the area, offering an appealing cap rate. Rentals allowed for 6 months at a time
Can be rented furnished, appealing to seasonal tenants

Last Agent to Rent the Property

Mercedes Guinot

BHHS EWM Realty License #0647101 Listed on: 04/29/2020

BHHS EWM Realty

Last Renter's Agent

Mercedes Guinot

BHHS EWM Realty License #0647101 Listed on: 04/29/2020

BHHS EWM Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,583

Year Built

  • Built in 1947

HOA Fees

  • No Home Owners Association

Home Design

  • Entry on the 1st floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1 Full Bathroom
  • 416 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Property Views

Parking

  • On-Street Parking
  • Open Parking

Additional Features

  • East Facing Home
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Property Available on 5/2/20
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 02-32-02-128-0060

Community Details

Overview

  • 503 508 Street Condo
  • 503 508 Street Condo Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,583

Year Built

Built in 1947

Lot Details

0

HOA Fees

$329 per month

Rental Info

  • Pets Allowed: No
  • Available Date: 2020-05-02
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1947
  • Property Sub Type: Apartment
  • Architectural Style: First Floor Entry
  • Directions: Collins Ave to 75 St to bldg in the corner
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Condo/Co-Op/Annual, Apartment
  • Subdivision Name: 503-508 Street Condo
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: First Floor Entry
  • Spa Yn: No
  • Full Bathrooms: 1
  • Flooring: Ceramic Floor
  • Furnished: Furnished
  • Living Area: 416
  • Stories: 2
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Other
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Park Building Name: 503-508 Street Condo
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-32-02-128-0060
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 4000
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
Ze Banana Llc
Bought by
Neuchat Marilyne
Current Estimated Value
$179,555

Purchase Details

Listed on
Aug 21, 2017
Closed on
Feb 28, 2018
Sold by
Factory Design Usa Llc
Bought by
Ze Banana Llc
Seller's Agent
Mara Aronova
MMLS Assoc.-Inactive Member
Buyer's Agent
Mara Aronova
MMLS Assoc.-Inactive Member
List Price
$129,000
Sold Price
$120,000
Premium/Discount to List
-$9,000
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%

Purchase Details

Listed on
Apr 21, 2014
Closed on
Jun 6, 2014
Sold by
U S Bank National Association
Bought by
Factory Design Usa Llc
Seller's Agent
Michelle Daniels
MMLS Assoc.-Inactive Member
Buyer's Agent
Gabrielle Jordan
MMLS Assoc.-Inactive Member
List Price
$94,600
Sold Price
$93,500
Premium/Discount to List
-$1,100
-1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%

Purchase Details

Closed on
Feb 27, 2014
Sold by
Fernandez Yamiriam
Bought by
U S Bank National Association

Purchase Details

Closed on
Jan 26, 2007
Sold by
Caram Eduardo and Garcia Eduardo
Bought by
Fernandez Yamiriam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,400
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 11, 2006
Sold by
503 75Th Street Llc
Bought by
Caram Eduardo and Garcia Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.18%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Neuchat Marilyne $100,000 Assure America Title Company
Ze Banana Llc $120,000 Blue Coast Title Inc
Factory Design Usa Llc $93,500 First International Title
U S Bank National Association $58,200 None Available
Fernandez Yamiriam $163,000 Master Trust Title Inc
Caram Eduardo $125,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fernandez Yamiriam $130,400
Previous Owner Caram Eduardo $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/18/2025 11/18/25 Price Changed $170,000 -5.0% $409 / Sq Ft
11/03/2025 11/03/25 Price Changed $179,000 -3.0% $430 / Sq Ft
08/20/2025 08/20/25 Price Changed $184,500 -5.1% $444 / Sq Ft
07/03/2025 07/03/25 For Sale $194,500 0.0% $468 / Sq Ft
07/29/2020 07/29/20 Rented $1,000 0.0% --
07/13/2020 07/13/20 Under Contract -- -- --
06/06/2020 06/06/20 Price Changed $1,000 -13.0% $2 / Sq Ft
04/29/2020 04/29/20 For Rent $1,150 +15.0% --
09/27/2019 09/27/19 Under Contract -- -- --
09/26/2019 09/26/19 Rented $1,000 0.0% --
09/22/2019 09/22/19 Price Changed $1,000 -13.0% $2 / Sq Ft
08/19/2019 08/19/19 For Rent $1,150 0.0% --
08/12/2019 08/12/19 Off Market $1,150 -- --
06/26/2019 06/26/19 Price Changed $1,150 -8.0% $3 / Sq Ft
06/01/2019 06/01/19 For Rent $1,250 +4.2% --
08/31/2018 08/31/18 Off Market $1,200 -- --
07/01/2018 07/01/18 Rented $1,150 -4.2% --
05/30/2018 05/30/18 For Rent $1,200 0.0% --
05/12/2018 05/12/18 Price Changed $1,200 -17.2% $3 / Sq Ft
04/07/2018 04/07/18 Price Changed $1,450 0.0% $3 / Sq Ft
03/30/2018 03/30/18 Sold $120,000 0.0% $288 / Sq Ft View Prior Sale
03/05/2018 03/05/18 For Rent $1,500 0.0% --
11/21/2017 11/21/17 Price Changed $130,000 +0.8% $313 / Sq Ft
08/18/2017 08/18/17 For Sale $129,000 +38.0% $310 / Sq Ft
06/11/2014 06/11/14 Sold $93,500 -1.2% $225 / Sq Ft View Prior Sale
04/21/2014 04/21/14 For Sale $94,600 -- $227 / 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 $2,583 $143,783 -- --
2024 $2,303 $134,031 -- --
2023 $2,303 $121,847 $0 $0
2022 $2,081 $110,770 $0 $0
2021 $2,018 $104,500 $0 $0
2020 $1,839 $95,000 $0 $0
2019 $1,841 $95,000 $0 $0
2018 $1,786 $95,000 $0 $0
2017 $1,688 $87,567 $0 $0
2016 $1,626 $79,607 $0 $0
2015 $1,434 $72,370 $0 $0
2014 $180 $33,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10851438

MIAMI REALTORS® MLS

APN: 02-3202-128-0060