NOT LISTED FOR SALE

Estimated Value: $4,704,000 - $13,344,287

4 Beds
3.5 Baths
4,154 Sq Ft
2008 Built

Sale Details

Date Sold: May 31, 2024

Last sale price $14,400,000 $3,467 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $70,706 / mo

86 Days on Market

Highlights

  • Doorman
  • Ocean View
  • Community Cabanas
  • South Pointe Elementary School Rated 9+
  • Property fronts an intracoastal waterway
  • 5-minute walk to South Pointe Park

About This Home

As of May 2024

Immerse yourself in unparalleled ocean, city, and bay views from sunrise to sunset in this extraordinary, west-facing corner residence in Apogee’s coveted 04 line. Impeccably designed by Luis Bustamante, this 4,154 SF home features an expansive 2,441 SF wraparound balcony with outdoor kitchen, floor-to-ceiling sliding glass windows, 10’ ceilings, private elevator landing, Miele kitchen appliances and wine fridge, media room, private 2-car garage, and designer finishings throughout. Spacious principal bedroom overlooks Fisher Island and the Atlantic and ensuite bath boasts twin showers and step-in soaking tub. Enjoy world-class amenities including fitness center, spa, infinity pool, valet, and concierge. Discover your home at Apogee, South Beach’s most prestigious community.

Last Agent to Sell the Property

Jill Hertzberg

Coldwell Banker Realty License #0551544 Listed on: 12/27/2023

Coldwell Banker Realty

Co-Listed By

Daniel Hertzberg

Coldwell Banker Realty License #3212309

Last Buyer's Agent

Tracy Galya

Douglas Elliman License #3239669

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $168,230

Year Built

  • Built in 2008

Lot Details

  • Property fronts an intracoastal waterway
  • Home fronts a canal
  • End Unit
  • Privacy Fence

HOA Fees

  • $7,723 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Home Design

  • Cluster Home
  • Entry on the 11th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,154 Sq Ft Home
  • Tile Flooring

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Outdoor Grill

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-339-0550

Community Details

Overview

  • High-Rise Community
  • Apogee Condo
  • Apogee Condo Subdivision
  • 22-Story Property

Amenities

  • Doorman
  • Sauna
  • Secure Lobby
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$168,230

Year Built

Built in 2008

Lot Details

0 Sq Ft Lot

HOA Fees

$7,723 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise, Patio/Cluster
  • Co List Office Mls Id: CBRE68
  • Co List Office Phone: 305-672-6300
  • Entry Level: 11
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: APOGEE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Cooking Island, Elevator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 4154
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 22
  • Bedroom Features: Entry Level

Exterior Features

  • View: Bay, Ocean View, Skyline
  • Exterior Features: Barbeque, Open Balcony
  • Construction Type: CBS Construction
  • Fencing: Privacy
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal, Intracoastal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: APOGEE CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 23170
  • Amenities: Cabana, Elevator(s), Heated Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-339-0550
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 168230

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2023
Closed on
May 13, 2024
Sold by
Stephen Robert and Stephen Pilar Crespi
Bought by
Somaiya Jolly Sandeep and Somaiya Sandeep Rasik
Seller's Agent
Jill Hertzberg
Coldwell Banker Realty
Buyer's Agent
Tracy Galya
Douglas Elliman
List Price
$15,150,000
Sold Price
$14,400,000
Premium/Discount to List
-$750,000
-4.95%
Views
77
Current Estimated Value
$9,108,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,291,904
Avg. Annual Appreciation
-21.83%

Purchase Details

Closed on
May 2, 2009
Sold by
Pouls Michael
Bought by
Robert Stephen

Purchase Details

Closed on
Mar 20, 2008
Sold by
Trg Alaska I Ltd
Bought by
Pouls Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,897,500
Interest Rate
6.4%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Somaiya Jolly Sandeep $14,400,000 None Listed On Document
Robert Stephen $6,000,000 Attorney
Pouls Michael $5,567,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pouls Michael $3,897,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold $14,400,000 -5.0% $3,467 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
12/27/2023 12/27/23 For Sale $15,150,000 -- $3,647 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $172,332 $12,455,524 -- --
2024 $168,230 $9,212,066 -- --
2023 $168,230 $8,943,754 $0 $0
2022 $162,378 $8,683,257 $0 $0
2021 $161,984 $8,430,347 $0 $0
2020 $168,636 $8,751,528 $0 $0
2019 $162,968 $9,725,000 $0 $0
2018 $130,621 $6,946,365 $0 $0
2017 $152,503 $7,326,986 $0 $0
2016 $147,845 $6,660,897 $0 $0
2015 $143,772 $6,055,361 $0 $0
2014 $141,168 $5,504,874 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11505183

MIAMI REALTORS® MLS

APN: 02-4203-339-0550

Your Personal Tour Guide

Ask me questions while you tour the home.