NOT LISTED FOR SALE

Estimated Value: $1,813,000 - $2,078,000

3 Beds
5 Baths
3,825 Sq Ft
$2,696/mo HOA Fee

Last Sold June 04, 2018

Last sale price $2,800,000 $732 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $15,207/month

10 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • Wood Flooring
  • Fitness Center
  • Two Primary Bathrooms
  • 4-minute walk to Allison Park

About This Home

As of June 2018

A one of a kind opportunity to own a 2 story penthouse with over 3,800 interior Sq. Ft. and a 1,855 Sq. Ft. Rooftop terrace (Plus other terraces on the first floor!). The residence is a masterpiece and a hidden gem in one of the best areas in Miami Beach.

Last Agent to Sell the Property

Justin Rubin

Douglas Elliman License #3274283 Listed on: 02/22/2018

Douglas Elliman

Last Buyer's Agent

NON-MLS MEMBER

MAR NON MLS MEMBER License #SEF

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,972

Year Built

  • Built in 1996

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $2,696 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 3,825 Sq Ft Home
  • Combination Dining and Living Room
  • Home Theater
  • Wood Flooring

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Two Primary Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-3211-060-2010

Community Details

Overview

  • 208 Units
  • High-Rise Condominium
  • La Gorce Palace Condos
  • La Gorce Palace Subdivision
  • 34-Story Property

Amenities

  • Sauna
  • Secure Lobby

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Building Details

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,972

Year Built

Built in 1996

Lot Details

0

HOA Fees

$2,696 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1996
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 34
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: LA GORCE PALACE
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator, Wall Oven
  • Interior Amenities: First Floor Entry, Media Room
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Other, Wood
  • Furnished: Unfurnished
  • Living Area: 3825
  • Possible Use: Unknown/Withheld
  • Stories: 34
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Media Room
  • Master Bathroom Features: 2 Primary Bathrooms, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Ocean View, Direct Ocean, Water View
  • Exterior Features: Open Balcony
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: LA GORCE PALACE
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: Other

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Lobby Secured

Condo/Co-op/Association

  • Association Fee: 2696
  • Amenities: Exercise Room, Pool, Sauna
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-3211-060-2010
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Multi Family

  • Maintenance Expense: 2696
  • Number Of Units In Community: 208
  • Number Of Units Total: 208

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 13972

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2018
Closed on
May 30, 2018
Sold by
Agrawal Sukrit
Bought by
Bixby Brian D
Seller's Agent
Justin Rubin
Douglas Elliman
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$2,980,000
Sold Price
$2,800,000
Premium/Discount to List
-$180,000
-6.04%
Total Days on Market
10
Current Estimated Value
$1,949,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$850,742
Avg. Annual Appreciation
-4.45%

Purchase Details

Closed on
Dec 17, 2010
Sold by
Agrawal Akhil K and Agrawal Mavara
Bought by
Agrawal Sukrit

Purchase Details

Closed on
Dec 30, 2009
Sold by
Agrawal Akhil K
Bought by
Agrawal Akhil K and Agrawal Mavara

Purchase Details

Closed on
Dec 31, 2002
Sold by
Ivy Enterprises Ltd
Bought by
Agrawal Akhil A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.89%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 2, 1996
Sold by
La Gorce Palace Inc
Bought by
Ivy Enterprises Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
7.77%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Bixby Brian D $2,800,000 Attorney
Agrawal Sukrit $1,300,000 Attorney
Agrawal Akhil K -- Attorney
Agrawal Akhil A $700,000 --
Ivy Enterprises Ltd $662,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Agrawal Akhil K $500,000
Previous Owner Ivy Enterprises Ltd $425,000
Previous Owner Ivy Enterprises Ltd $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2018 06/04/18 Sold $2,800,000 -6.0% $732 / Sq Ft
03/04/2018 03/04/18 Pending -- -- --
02/22/2018 02/22/18 For Sale $2,980,000 0.0% $779 / Sq Ft
11/01/2017 11/01/17 Rented $7,500 -24.2% --
07/25/2017 07/25/17 For Rent $9,900 -- --
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
2024 $26,006 $1,318,142 -- --
2023 $26,006 $1,198,311 $0 $0
2022 $22,473 $1,089,374 $0 $0
2021 $20,857 $1,080,246 $0 $0
2020 $24,318 $1,256,100 $0 $0
2019 $24,475 $1,263,000 $0 $0
2018 $18,540 $1,263,000 $0 $0
2017 $17,938 $755,865 $0 $0
2016 $16,020 $687,150 $0 $0
2015 $15,630 $624,682 $0 $0
2014 $13,213 $617,276 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10423186

MIAMI REALTORS® MLS

APN: 02-3211-060-2010