$1,900,000
SOLD DEC 20, 2024
2 Beds
2.5 Baths
1,389 Sq Ft
$3,412/mo HOA Fee

Recently Sold

$1,368 Per Sq Ft

30% Below List Price

202 Days on Market

Highlights

  • Doorman
  • Private Beach Pavilion
  • Bay View
  • South Pointe Elementary School Rated A-
  • Fitness Center
  • 5-minute walk to Washington Dog Park & Annex

About This Home

As of December 2024

Discover a one-of-a-kind residence at Marea Miami Beach. This stunning 2-bedroom, 2.5-bath unit offers 1,389 sqft of living space and a massive 1,716 sqft wrap-around terrace, bringing the total area to 3,105 sqft. This abode is gorgeously finished with the finest upgrades and design, featuring Italian kitchen cabinetry by ItalKraft, Wolf/SubZero appliances, 10 ft ceilings, white oak floors, and a master bath designed by Yabu Pushelberg. With only 30 residences in this boutique building, luxury meets art in every detail. Enjoy incredible amenities including 24-hour security, a rooftop pool, an exercise room, and two award-winning restaurants. The amazing location is walkable to the beach, shops, and world-class restaurants such as Carbone, Milos, Joe's Stone Crab, and Prime 112.

Last Agent to Sell the Property

Luis Gonell

Compass Florida, LLC License #3287676 Listed on: 05/21/2024

Compass Florida, LLC

Last Buyer's Agent

Alejandro Suero

The Suero Group License #3082714

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,005

Year Built

  • Built in 2015

HOA Fees

  • $3,412 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Deeded Parking

Property Views

  • Bay
  • Garden

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,389 Sq Ft Home
  • Entrance Foyer
  • Family or Dining Combination
  • Wood Flooring
  • Dryer

Kitchen

  • Dishwasher
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Bidet
  • Separate Shower in Primary Bathroom

Home Security

Outdoor Features

  • Balcony
  • Patio

Schools

  • South Pointe Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-368-0180

Community Details

Overview

  • 30 Units
  • Mid-Rise Condominium
  • Marea Condos
  • Marea Condo Subdivision
  • 6-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Sauna
  • Trash Chute

Recreation

  • Private Beach Pavilion
  • Fitness Center
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Service
  • Secure Elevator
  • High Impact Door
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$25,005

Year Built

Built in 2015

Lot Details

0

HOA Fees

$3,412 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2015
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 2
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MAREA CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer
  • Interior Amenities: Fire Sprinklers, Entrance Foyer, Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 1389
  • Possible Use: Unknown/Withheld
  • Stories: 6
  • Bedroom Features: Sitting Area - Primary Bedroom
  • Dining Room Features: Family/Dining Combination, Snack Bar/Counter
  • Master Bathroom Features: Bidet, Separate Tub & Shower

Exterior Features

  • View: Bay, Garden View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: Southwest
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Marea
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Deeded, Valet

Utilities

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

Condo/Co-op/Association

  • Association Fee: 3412
  • Amenities: Barbecue, Exercise Room, Exterior Lighting, Heated Pool, Private Beach Pavilion, Sauna, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-03-368-0180
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 30
  • Number Of Units Total: 30

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 25005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Dec 16, 2024
Sold by
Burning Desire Llc
Bought by
Mars-Aries Llc
Seller's Agent
Luis Gonell
Compass Florida, LLC
Buyer's Agent
Alejandro Suero
The Suero Group
List Price
$2,725,000
Sold Price
$1,900,000
Premium/Discount to List
-$825,000
-30.28%
Total Days on Market
202
Views
8
Current Estimated Value
$1,906,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,428
Avg. Annual Appreciation
3.55%

Purchase Details

Listed on
Jun 3, 2019
Closed on
Feb 5, 2020
Sold by
Lanyko Corp
Bought by
Burning Desire Llc
Seller's Agent
Dora Puig
Luxe Living Realty
Buyer's Agent
Luis Gonell
Compass Florida, LLC
List Price
$1,425,000
Sold Price
$1,255,000
Premium/Discount to List
-$170,000
-11.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%

Purchase Details

Closed on
Feb 22, 2019
Sold by
Marea 204 Llc
Bought by
Lanyko Corp

Purchase Details

Closed on
Dec 3, 2015
Sold by
Trg Alaska Iii Llc
Bought by
Marea 204 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 Type Sale Price Title Company
Warranty Deed $1,900,000 Equity Land Title
Warranty Deed $1,900,000 Equity Land Title
Warranty Deed $1,225,000 Attorney
Warranty Deed $1,650,000 Attorney
Special Warranty Deed $1,830,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $915,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Sold $1,900,000 -19.1% $1,368 / Sq Ft
12/09/2024 12/09/24 Pending -- -- --
07/26/2024 07/26/24 Price Changed $2,350,000 -13.8% $1,692 / Sq Ft
05/21/2024 05/21/24 For Sale $2,725,000 +117.1% $1,962 / Sq Ft
02/07/2020 02/07/20 Sold $1,255,000 -3.1% $904 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
01/07/2020 01/07/20 Price Changed $1,295,000 -9.1% $932 / Sq Ft
06/03/2019 06/03/19 For Sale $1,425,000 -- $1,026 / 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
2024 $25,005 $1,367,445 -- --
2023 $25,005 $1,243,132 $0 $0
2022 $21,234 $1,130,120 $0 $0
2021 $19,837 $1,027,382 $0 $0
2020 $24,862 $1,284,228 $0 $0
2019 $21,640 $1,116,720 $0 $0
2018 $21,966 $1,168,125 $0 $0
2017 $22,245 $1,168,125 $0 $0
2016 $24,281 $1,250,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11591859

MIAMI REALTORS® MLS

APN: 02-4203-368-0180