NOT LISTED FOR SALE

Estimated Value: $485,009

1 Bed
1 Bath
577 Sq Ft
$1,610/mo HOA Fee

Last Sold September 08, 2023

Last sale price $500,000 $867 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,912/month

451 Days on Market

Highlights

  • Valet Parking
  • Direct Ocean View
  • Bar or Lounge
  • Harbordale Elementary School Rated A-
  • Community Cabanas
  • Fitness Center

About This Home

As of September 2023

This is the resort lifestyle you are looking for. The Ocean Resort Residences - Fort Lauderdale Beach is a full-service property offering resort living at its best! This turnkey studio is designed and fully furnished by Interiors by Steven G. Gourmet kitchenswith Sub-Zero refrigerator and Wolf cooktops. Enjoy access to all of its many amenities such as your own private Beach Club with pool and poolside cabanas and restaurant, bar, Business Center, Cabana, Clubhouse-Clubroom, Heated Pool, Child Play Area, Pool, Sauna, Spa/Hot Tub and more. Use it as a second home or as an excellent investment opportunity by renting it through the Hotel program.

Last Agent to Sell the Property

Carlos Olivares

BHHS EWM Realty License #3051724 Listed on: 05/03/2022

BHHS EWM Realty

Co-Listed By

Lina Rivera

BHHS EWM Realty License #3259943

Last Buyer's Agent

Dan Maza

Fortune Christie's International Real Estate License #3026334

Fortune Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,721

Year Built

  • Built in 2009

HOA Fees

  • $1,610 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

Home Design

  • Condo Hotel
  • Entry on the 6th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 577 Sq Ft Home
  • Furnished
  • Blinds
  • Marble Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Studio bedroom
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 504201FB1280

Community Details

Overview

  • High-Rise Condominium
  • 551 Flb Condominium Condos
  • 551 Flb Condominium Hotel,The Ocean Subdivision
  • 26-Story Property

Amenities

  • Valet Parking
  • Sauna
  • Business Center
  • Bar or Lounge
  • Secure Lobby

Recreation

  • Community Cabanas
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Security Service
  • Card or Code Access
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,721

Year Built

Built in 2009

Lot Details

0

HOA Fees

$1,610 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2009
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: EWM 09
  • Co List Office Phone: 305-329-7600
  • Directions: South of Sunrise Blvd on A1A, North of Las Olas Blvd on A1A.
  • Entry Level: 6
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: 551 FLB CONDOMINIUM HOTEL,The Ocean
  • Year Built Details: Condo-Hotel
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Interior Amenities: Lobby, First Floor Entry, Elevator, No Additional Rooms
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Furnished, Unfurnished
  • Living Area: 577
  • Possible Use: Unknown/Withheld
  • Stories: 26
  • Window Features: Complete Impact Glass, Blinds, High Impact Windows
  • Bedroom Features: Studio
  • Living Room Features: No Additional Rooms
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Direct Ocean, Pool Area View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: 551 FLB CONDOMINIUM
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Valet, Limited # Of Vehicle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Card Entry, Lobby Secured, Security Patrol

Condo/Co-op/Association

  • Association Fee: 1610
  • Amenities: Bar, Business Center, Cabana, Exercise Room, Heated Pool, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 504201FB1280
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10721

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2022
Closed on
Sep 7, 2023
Sold by
Primate Investments Llc
Bought by
D+G Florida Investments Llc
Seller's Agent
Carlos Olivares
BHHS EWM Realty
Buyer's Agent
Dan Maza
Fortune Christie's International Real Estate
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%
Views
18
Current Estimated Value
$485,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,991
Avg. Annual Appreciation
-1.26%
Original Mortgage
$310,500
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2018
Sold by
Flb R Units Llc
Bought by
Primate Investments Llc

Purchase Details

Closed on
Dec 1, 2016
Bought by
Flb R-Units Llc
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
D+G Florida Investments Llc $500,000 Aventura Title
Primate Investments Llc $530,900 Miami Title Group Inc
Flb R-Units Llc $53,258,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open D & G Florida Investments Llc $325,000
Closed D+G Florida Investments Llc $310,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $500,000 -9.1% $867 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
09/26/2022 09/26/22 For Sale $550,000 0.0% $953 / Sq Ft
09/25/2022 09/25/22 Off Market $550,000 -- --
09/21/2022 09/21/22 Price Changed $550,000 -8.3% $953 / Sq Ft
05/03/2022 05/03/22 For Sale $600,000 -- $1,040 / 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 $8,158 $402,720 -- $402,720
2024 $8,698 $402,720 -- $402,720
2023 $8,698 $424,160 $0 $424,160
2022 $9,352 $465,280 $0 $465,280
2021 $10,721 $535,810 $0 $535,810
2020 $9,822 $494,700 $0 $494,700
2019 $10,101 $503,690 $0 $503,690
2018 $8,432 $518,480 $0 $518,480
2017 $9,378 $471,970 $0 $0
2016 $5,182 $144,720 $0 $0
2015 $2,917 $131,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11197883

MIAMI REALTORS® MLS

APN: 50-42-01-FB-1280