$1,685,000
$172K PRICE DROP PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

Estimated payment $13,088/month

Total Views 2,322
3 Beds
3.5 Baths
4,342 Sq Ft
$388 Price per Sq Ft

Highlights

  • Doorman
  • Ocean View
  • Community Cabanas
  • Marina
  • Property fronts an intracoastal waterway
  • Fitness Center

About This Home

BIG PRICE REDUCTION!!! Luxury penthouse in Miami with breathtaking water views only $389/SF, a golden opportunity!
WATERFRONT GEM, Prestigious, Penthouse of 4,342 SF. Amazing panoramic Water views.
Gated Community, 24 h front desk, heated pool, W/steam & sauna, hot tub, fitness center, spa, 3 tennis courts & Pickleball, BBQ pavilion & Tiki hut, convenience store, entertainment rooms, library, office space. Tropical ground and Marina Deck. Valley parking, DIRECTV and Wi-Fi W/main.

Hot Mimo district, 5 minutes to design district & Wynwood, 15 minutes to downtown, South Beach and airport.!

Building is undergoing 40 years recertification
Building as reserve, OK to lease first years of Ownership.
Seller will pay all certification assessement from the building at closing

Listing Agent

Valerie Benarous Outmezguine

Miami Dream Real Estate License #3402968 Listed on: 06/14/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,451

Year Built

  • Built in 1982

Lot Details

  • End Unit

HOA Fees

  • $2,700 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Home Design

  • Penthouse
  • Entry on the 27th floor

Interior Spaces

  • 4,342 Sq Ft Home
  • Built-In Features
  • French Doors
  • Open Floorplan
  • Den
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Closet Cabinetry
  • Bidet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom
  • Bathtub

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill

Location

  • East of U.S. Route 1

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01-32-18-062-2311

Community Details

Overview

  • The Palm Bay Yacht Club Condos
  • The Palm Bay Yacht Club C Subdivision
  • 27-Story Property

Amenities

  • Doorman
  • Clubhouse
  • Business Center
  • Community Center
  • Party Room
  • Community Library
  • Bike Room
  • Elevator

Recreation

  • Marina
  • Community Cabanas

Pet Policy

  • Pets Allowed

Security

  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,451

Year Built

Built in 1982

Lot Details

0

HOA Fees

$2,700 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1982
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, Penthouse
  • Entry Level: 27
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Co-Op 5+ Stories, Condo
  • Subdivision Name: THE PALM BAY YACHT CLUB C
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Cooking Island, French Doors, Den/Library/Office, Family Room, Storage
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Flooring: Concrete, Tile, Wood
  • Living Area: 4342
  • Other Equipment: Elevator
  • Stories: 27
  • Window Features: Hurricane Shutters
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Tub
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen, Family/Dining Combination
  • Living Room Features: Den/Library/Office, Family Room, Storage Room
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Intracoastal View, Ocean View, Water View
  • Exterior Features: East Of Us1, Barbeque
  • Construction Type: Concrete Block Construction
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front, Intracoastal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: the Palm Bay Yacht Club
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm, Doorman, Elevator Secure

Condo/Co-op/Association

  • Association Fee: 2700
  • Amenities: Bike Storage, Business Center, Cabana, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Library, Marina, Pickleball, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 01-32-18-062-2311

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 17451

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $17,451 $871,120 -- --
2024 $22,384 $871,120 -- --
2023 $22,384 $1,088,900 $0 $0
2022 $22,043 $1,060,010 $0 $0
2021 $20,474 $963,646 $0 $0
2020 $20,524 $963,646 $0 $0
2019 $20,570 $963,646 $0 $0
2018 $9,598 $481,823 $0 $0
2017 $9,315 $406,442 $0 $0
2016 $9,073 $369,493 $0 $0
2015 $8,589 $335,903 $0 $0
2014 $7,992 $305,367 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2025 08/12/25 Price Changed $1,685,000 +13.1% $388 / Sq Ft
07/18/2025 07/18/25 Price Changed $1,490,000 -11.8% $343 / Sq Ft
07/14/2025 07/14/25 Price Changed $1,690,000 -9.0% $389 / Sq Ft
06/14/2025 06/14/25 For Sale $1,857,000 -- $428 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,250,000 Attorney
Warranty Deed $845,000 --
Warranty Deed $325,000 --
Warranty Deed $315,000 --
Deed $315,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $999,000 Adjustable Rate Mortgage/ARM
Previous Owner $262,000 No Value Available
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11822248

MIAMI REALTORS® MLS

APN: 01-3218-062-2311