NOT LISTED FOR SALE

7223 Fisher Island Dr Unit 7223 Miami Beach, FL 33109

Estimated Value: $7,948,000 - $8,461,000

5 Beds
8 Baths
6,820 Sq Ft
$5,107/mo HOA Fee

Last Sold May 07, 2021

Last sale price $9,000,000 $1,320 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $60,927/month

804 Days on Market

Highlights

  • Marina
  • Ocean Front
  • Fitness Center
  • South Pointe Elementary School Rated A-
  • Bar or Lounge
  • 1-minute walk to South Pointe Park

About This Home

As of May 2021

This contemporary Oceanside corner unit sits as the coveted tip of Fisher Island w/unobstructed sunrise views to Government Cut, ocean, beach & Miami Beach. The 5BR/6+2BA unit boasts 6,820 SF of interior space w/beautiful Travertine marble floors, open dining & living room layout w/a fireplace & walls of glass that open to endless ocean views. The gourmet kitchen sports top of the line appliances & a separate breakfast area & the large family/media room is ideal for relaxing & entertaining. The Oceanside principal suite is amazing w/direct ocean views, separate dual baths each w/voluminous walk-in closets. The other 4 bedrooms each w/en-suite baths. Watch the parade of cruise ships from your expansive wraparound terrace w/multiple seating areas to relax & enjoy the ocean views.

Last Agent to Sell the Property

Jill Eber

Coldwell Banker Realty License #0333469 Listed on: 01/18/2019

Coldwell Banker Realty

Co-Listed By

Lazaro Rivero

Rivero Real Estate , Inc. License #0591435

Last Buyer's Agent

Karla Abaunza

Luxury Living Realty License #0669873

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $159,846

Year Built

  • Built in 1992

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $5,107 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Property Views

  • Direct Ocean
  • Pool

Home Design

  • Entry on the 2nd floor
  • Concrete Block With Brick
  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,820 Sq Ft Home
  • Built-In Features
  • Fireplace
  • Sliding Windows
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property is near a marina
  • Balcony

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 02-42-10-011-0180

Community Details

Overview

  • 37 Units
  • Club Membership Required
  • Mid-Rise Condominium
  • Fisher Island Condos
  • Fisher Island Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 9-Story Property

Amenities

  • Clubhouse
  • Billiard Room
  • Bar or Lounge
  • Laundry Facilities
  • Elevator

Recreation

  • Marina
  • Golf Course Membership Available
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Heated Community Pool

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Private Guards
  • Security Service
  • Complex Is Fenced
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$159,846

Year Built

Built in 1992

Lot Details

0

HOA Fees

$5,107 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1992
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Co List Office Mls Id: RREV01
  • Co List Office Phone: 561-843-7673
  • Entry Level: 2
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other, Marina
  • 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, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Built-in Features, Entrance Foyer, Pantry, Split Bedroom, Den/Library/Office, Family Room, Utility Room/Laundry
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble, Other, Wood
  • Furnished: Unfurnished
  • Living Area: 6820
  • Possible Use: Unknown/Withheld
  • Stories: 9
  • Window Features: Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Living Room Features: Den/Library/Office, Family Room, Utility Room/Laundry
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • View: Ocean View, Direct Ocean, Pool Area View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: Concrete Block With Brick, CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Fisher Island
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Fuse Box
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Fire Alarm, Smoke Detector, Complex Fenced, Other, Private Guards, Security Patrol

Condo/Co-op/Association

  • Association Fee: 5107
  • Amenities: Bar, Basketball Court, Billiard Room, Clubhouse-Clubroom, Laundry, Elevator(s), Exercise Room, Golf Equity Available, Heated Pool, Exterior Lighting, Marina, Other, Child Play Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-10-011-0180
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 5107
  • Number Of Units In Community: 37
  • Number Of Units Total: 37

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 159846

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2019
Closed on
May 7, 2021
Sold by
Jamc Fisher Llc
Bought by
Ambrosino Marie and Sage And Basil Land Trust
Seller's Agent
Jill Eber
Coldwell Banker Realty
Buyer's Agent
Karla Abaunza
Luxury Living Realty
List Price
$11,950,000
Sold Price
$9,000,000
Premium/Discount to List
-$2,950,000
-24.69%
Current Estimated Value
$8,204,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$795,500
Avg. Annual Appreciation
-2.10%
Original Mortgage
$7,200,000
Outstanding Balance
$6,547,030
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,657,470

Purchase Details

Closed on
Feb 19, 2010
Sold by
Heirs Funding Llc
Bought by
Jamc Fisher Llc

Purchase Details

Closed on
Aug 15, 2000
Sold by
American Leisure Resorts Inc
Bought by
Heirs Funding Llc

Purchase Details

Closed on
Apr 13, 1999
Sold by
Fisher Island Holdings Llc
Bought by
American Leisure Resorts Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 1998
Sold by
Island Developers Ltd
Bought by
Fisher Island Holdings 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
Ambrosino Marie $9,000,000 Attorney
Jamc Fisher Llc $6,750,000 Governors Title Services Llc
Heirs Funding Llc $4,350,000 --
American Leisure Resorts Inc $3,100,000 --
Fisher Island Holdings Llc $2,321,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ambrosino Marie $7,200,000
Previous Owner Fisher Island Holdings Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $9,000,000 -9.5% $1,320 / Sq Ft
03/18/2021 03/18/21 Pending -- -- --
03/11/2020 03/11/20 Price Changed $9,950,000 -16.7% $1,459 / Sq Ft
01/04/2019 01/04/19 For Sale $11,950,000 -- $1,752 / 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 $149,902 $8,774,920 -- --
2024 $229,495 $7,977,200 -- --
2023 $229,495 $7,252,000 $0 $0
2022 $218,016 $11,603,200 $0 $0
2021 $192,785 $9,062,298 $0 $0
2020 $159,846 $8,288,000 $0 $0
2019 $190,428 $9,986,004 $0 $0
2018 $173,481 $9,413,636 $0 $0
2017 $177,363 $8,291,615 $0 $0
2016 $172,316 $7,537,832 $0 $0
2015 $160,242 $6,852,575 $0 $0
2014 $127,847 $6,292,540 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10601412

MIAMI REALTORS® MLS

APN: 02-4210-011-0180