NOT LISTED FOR SALE

7131 Fisher Island Dr Unit 7131 Miami Beach, FL 33109

Estimated Value: $7,298,000 - $16,071,375

4 Beds
4.5 Baths
3,690 Sq Ft
$1,986/mo HOA Fee

Last Sold April 15, 2014

Last sale price $7,000,000 $1,897 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $64,858/month

60 Days on Market

Highlights

  • Doorman
  • Marina
  • Boat Ramp
  • South Pointe Elementary School Rated A-
  • Ocean Front
  • 1-minute walk to South Pointe Park

About This Home

As of April 2014

VISIT THIS EXCEPTIONAL 4 BEDROOM + DEN 4.5 BATHS PALAZZO DEL MARE CONDO OVERLOOKING THE OCEAN, SOUTH BEACH AND GOVERNMENT CUT. THIS BREATHTAKING UNIT IS OFFERED FULLY FURNISHED EXCEPT FOR 3 ART PIECES. IT'S BEEN PROFESSIONALLY DESIGNED & DECORATED. FEATU RES INCLUDE: A PRIVATE ELEVATOR, WOOD FLOORS, EXPANSIVE WRAPAROUND TERRACES WITH A VERANDA, A STATE OF THE ART KITCHEN & BATHROOMS, CUSTOM BUILT-INS, WINDOW TREATMENTS AND IMPACT GLASS DOORS. BUYER MUST PURCHASE SELLER'S MEMBERSHIP.

Last Agent to Sell the Property

Karla Abaunza

Luxury Living Realty License #0669873 Listed on: 01/31/2014

Last Buyer's Agent

Michael Schnabel

Compass Florida, LLC License #3156040

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $60,401

Year Built

  • Built in 2007

Lot Details

  • Ocean Front
  • Northeast Facing Home

HOA Fees

  • $1,986 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Old Spanish Architecture
  • Entry on the 3rd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,690 Sq Ft Home
  • Furnished
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Marble Flooring
  • Ocean Views

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Dock Available
  • Balcony

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-10-016-0030

Community Details

Overview

  • 28 Units
  • Club Membership Required
  • Mid-Rise Condominium
  • Palazzo Del Mare Condos
  • Fisher Island Subdivision
  • 10-Story Property

Amenities

  • Doorman
  • Sauna
  • Billiard Room
  • Bar or Lounge

Recreation

  • Boat Ramp
  • Boat Dock
  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $4,039

Security

  • Security Service
  • Card or Code Access
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$60,401

Year Built

Built in 2007

Lot Details

0

HOA Fees

$1,986 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Property Sub Type: Condominium
  • Architectural Style: Old Spanish
  • Directions: I-95 TO 395 EAST TOWARD MIAMI BEACH, FISHER ISLAND TERMINAL ON RIGHT. SECURITY CLEARANCE REQUIRED.
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Community Boat Dock,Community Boat Ramp,Dock Available
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: FISHER ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Elevator, Entrance Foyer, Walk-In Closet(s)
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Location: Foyer
  • Flooring: Marble
  • Furnished: Furnished
  • Living Area: 3690
  • Possible Use: Secondary
  • Stories: 10
  • Window Features: Blinds, Drapes, Impact Glass
  • Bedroom Features: Entry Level

Exterior Features

  • View: Ocean View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: Northeast
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: PALAZZO DEL MARE
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Assigned, 2 Or More Spaces, Limited # Of Vehicle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Card Entry, Security Patrol

Condo/Co-op/Association

  • Association Fee: 5958
  • Amenities: Bar, Basketball Court, Billiard Room, Exercise Room, Golf Course Com, Heated Pool, Marina, Child Play Area, Sauna, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 02-42-10-016-0030
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 60401

Multi Family

  • Maintenance Expense: 4039
  • Number Of Units In Community: 28
  • Number Of Units Total: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2014
Closed on
Apr 10, 2014
Sold by
Fisher 7131 Corp
Bought by
Berin Investments Llc
Seller's Agent
Karla Abaunza
Luxury Living Realty
Buyer's Agent
Michael Schnabel
Compass Florida, LLC
List Price
$7,380,000
Sold Price
$7,000,000
Premium/Discount to List
-$380,000
-5.15%
Current Estimated Value
$10,442,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,442,792
Avg. Annual Appreciation
3.52%

Purchase Details

Closed on
Oct 28, 2009
Sold by
Seventy One Thirty One Llc
Bought by
Fisher 7131 Corp

Purchase Details

Closed on
Aug 20, 2008
Sold by
Zwilling Howard and Zwilling Jane
Bought by
Seventy One Thirty One Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$955,000
Interest Rate
6.32%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 17, 2007
Sold by
Fih Pdm Llc
Bought by
Zwilling Howard and Zwilling Jane
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
Berin Investments Llc $7,000,000 Union Title Services Inc
Fisher 7131 Corp $3,200,000 Attorney
Seventy One Thirty One Llc $4,655,000 Attorney
Zwilling Howard $2,337,000 Sutton Land Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seventy One Thirty One Llc $955,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2014 04/15/14 Sold $7,000,000 -5.1% $1,897 / Sq Ft
04/02/2014 04/02/14 Pending -- -- --
01/31/2014 01/31/14 For Sale $7,380,000 0.0% $2,000 / Sq Ft
04/09/2013 04/09/13 Rented $36,666 +22.2% --
03/10/2013 03/10/13 Under Contract -- -- --
11/20/2012 11/20/12 For Rent $30,000 -- --
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 $98,541 $4,382,775 -- --
2024 $80,402 $3,984,341 -- --
2023 $80,402 $3,622,129 $0 $0
2022 $66,563 $3,292,845 $0 $0
2021 $60,210 $2,993,496 $0 $0
2020 $60,557 $3,128,000 $0 $0
2019 $75,781 $3,910,578 $0 $0
2018 $74,323 $3,952,467 $0 $0
2017 $75,267 $3,952,467 $0 $0
2016 $85,305 $4,391,630 $0 $0
2015 $87,008 $4,391,630 $0 $0
2014 $68,760 $2,991,483 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karla Abaunza

    Seller's Agent in 2014

    Karla Abaunza

    Luxury Living Realty

    (305) 343-5830

    55 in this area

    57 Total Sales

    Karla Abaunza
    Section Image
  • Michael Schnabel

    Buyer's Agent in 2014

    Michael Schnabel

    Compass Florida, LLC

    (305) 450-0036

    37 Total Sales

    Michael Schnabel
    Section Image

  • D

    Buyer's Agent in 2013

    Don Pingaro

    Island Insiders RE

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A1901397

MIAMI REALTORS® MLS

APN: 02-4210-016-0030

Florida Miami/Dade County Miami Beach 33109

7131 Fisher Island Dr Unit 7131, Miami Beach, FL

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