NOT LISTED FOR SALE

510 Ocean Dr Unit 314 Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated Value: $330,000 - $648,000

1 Bed
1 Bath
550 Sq Ft
$1,438/mo HOA Fee

Last Sold October 24, 2014

Last sale price $312,500 $568 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,336/month

362 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Community Pool
  • South Pointe Elementary School Rated A-
  • Furnished
  • 5-minute walk to Marjory Stoneman Douglas Park

About This Home

As of October 2014

This hotel condo is a 4 star resort that generates excellent income; managed, well this unit has very good income potential. The apartment is in good condition and a good sized 1 bedroom, tastefully furnished with top of the line finishes (tile flooring, marble counters, , Flat screen TV) just steps from the sandy beaches. Special assessment has been paid in full. The rooftop pool is one of the best on South Beach, and so is the location. Building is popular with domestic and international travelers.

Last Agent to Sell the Property

Mia Marchand

Partnership Realty Inc. License #3233933 Listed on: 10/11/2013

Partnership Realty Inc.

Last Buyer's Agent

Jonathan Stern

A Present Realty Group LLC License #3029481

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,559

Year Built

  • Built in 1998

Lot Details

  • Ocean Front
  • Southeast Facing Home

HOA Fees

  • $1,438 Monthly HOA Fees

Interior Spaces

  • 550 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Tile Flooring
  • Property Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Unrestricted saltwater access
  • Deck

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-223-0360

Community Details

Overview

  • Low-Rise Condominium
  • Bentley Condo Hotel Condos

Amenities

  • Secure Lobby
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Building Details

  • Maintenance Expense $1,319

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,559

Year Built

Built in 1998

Lot Details

0

HOA Fees

$1,438 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1998
  • Property Sub Type: Condominium
  • Entry Level: 314
  • Garage Yn: No
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Year Built Details: Unknown
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range
  • Interior Amenities: Bar, Elevator, Fire Sprinklers, Walk-In Closet(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Furnished: Furnished, Turn Key Furnished
  • Living Area: 550
  • Possible Use: Investment
  • Stories: 4
  • Bedroom Features: Other

Exterior Features

  • View: Other View
  • Exterior Features: Other
  • Direction Faces: Southeast
  • Patio And Porch Features: Deck
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Bentley Condo Hotel
  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Fire Alarm, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1438
  • Amenities: Elevator(s), Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-223-0360
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Multi Family

  • Maintenance Expense: 1319

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 3559

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2019
Sold by
Jkr Bentley Holdings Llc
Bought by
Bentley Condo Hotel Llc
Current Estimated Value
$439,994

Purchase Details

Listed on
Oct 11, 2013
Closed on
Oct 24, 2014
Sold by
Ryce Donald T
Bought by
Jkr Bentley Holdings Llc
Seller's Agent
Mia Marchand
Partnership Realty Inc.
Buyer's Agent
Jonathan Stern
A Present Realty Group LLC
List Price
$420,000
Sold Price
$312,500
Premium/Discount to List
-$107,500
-25.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%

Purchase Details

Closed on
Jun 26, 2006
Sold by
Angulo Monica and Covarrubias Omar
Bought by
Ryce Donald T and Ryce Claudine

Purchase Details

Closed on
Apr 29, 2005
Sold by
Alvarez Carlos Flores
Bought by
Angulo Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,600
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 1998
Sold by
Bentley Ocean View Inc
Bought by
Alvarez Carlos F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
6.91%
Mortgage Type
New Conventional
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
Bentley Condo Hotel Llc $15,400,000 First American Title Ins Co
Jkr Bentley Holdings Llc $312,500 Attorney
Ryce Donald T $370,000 Attorney
Angulo Monica $297,000 --
Alvarez Carlos F $215,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bentley Condo Hotel Llc $36,000,000
Previous Owner Ryce Donald T $299,752
Previous Owner Covarrubias Omar $46,400
Previous Owner Angulo Monica $233,600
Previous Owner Alvarez Carlos F $127,500
Closed Angulo Monica $29,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2014 10/24/14 Sold $312,500 -17.7% $568 / Sq Ft
10/08/2014 10/08/14 Pending -- -- --
09/16/2014 09/16/14 Price Changed $379,900 -4.8% $691 / Sq Ft
12/03/2013 12/03/13 Price Changed $399,000 -5.0% $725 / Sq Ft
10/11/2013 10/11/13 Price Changed $420,000 +0.2% $764 / Sq Ft
10/11/2013 10/11/13 Price Changed $419,000 -0.2% $762 / Sq Ft
10/10/2013 10/10/13 For Sale $420,000 -- $764 / 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 $6,054 $322,196 -- --
2024 $6,088 $322,196 -- --
2023 $6,088 $322,196 $0 $0
2022 $5,849 $311,300 $0 $0
2021 $6,011 $311,300 $0 $0
2020 $6,027 $311,300 $0 $0
2019 $6,033 $311,300 $0 $0
2018 $5,831 $311,300 $0 $0
2017 $5,463 $281,325 $0 $0
2016 $5,235 $269,500 $0 $0
2015 $4,958 $250,250 $0 $0
2014 $4,120 $192,478 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mia Marchand

    Partnership Realty Inc.

    Section Image

  • J

    Buyer's Agent in 2014

    Jonathan Stern

    A Present Realty Group LLC

    (305) 773-6662

    Jonathan Stern
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1854716

MIAMI REALTORS® MLS

APN: 02-4203-223-0360

Florida Miami/Dade County Miami Beach 33139 Lummus Park

510 Ocean Dr Unit 314, Miami Beach, FL

This home is located at 510 Ocean Dr Unit 314, Miami Beach, FL 33139 since 11 October 2013 and is currently estimated at $439,994, approximately $799 per square foot. This property was built in 1998. 510 Ocean Dr Unit 314 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.

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