$246,999

Estimated payment $2,387/month

Total Views 1,736
1 Bed
1 Bath
550 Sq Ft
$449 Price per Sq Ft

Highlights

  • Very Popular Property
  • Laundry Facilities
  • Heating Available
  • Patio
  • Vinyl Flooring
  • 5-minute walk to Flamingo Park

About This Home

The Perfect South Beach Apartment – Turnkey Investment Opportunity! ROI 7% Spacious 1-bedroom located in a charming building on a quiet tree-lined street just a few blocks from the ocean. Bright and fully furnished, this residence features waterproof laminate flooring in the living area, bedroom, bathroom with window, and a full kitchen with electric range and natural light. Easy street parking availableabundant natural light.. The building offers laundry facilities and a charming private garden perfect for relaxing and entertaining. Walking distance to Lincoln Road, Flamingo Park, shops, cafés, restaurants, and the beach. Excellent investor opportunity with tenant in place paying .New Roof 2023.
.$2,600/month.Property is tenant occupied; since 2023 .Easy to show .

Listing Agent

Soledad Mendoza-Puiggros

The Keyes Company License #3324756 Listed on: 06/26/2026

The Keyes Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,675

Year Built

  • Built in 1948

HOA Fees

  • $726 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 550 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Feinberg-Fisher K8 Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-232-0050

Community Details

Overview

  • 12 Units
  • The Lorena Condo
  • The Lorena Condo Subdivision

Amenities

  • Laundry Facilities
  • Interior Hall

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,675

Year Built

Built in 1948

Lot Details

0 Sq Ft Lot

HOA Fees

$726 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1948
  • Ownership: Limited Partnership
  • Property Sub Type: Condominium
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: THE LORENA CONDO
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 246999
  • InternetRemarks: The Perfect South Beach Apartment – Turnkey Investment Opportunity! 1BR in South Beach! Fully furnished, blocks from the beach. Tenant pays $2,600/mo.
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Interior Amenities: Interior Hall, First Floor Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Vinyl
  • Living Area: 550
  • Stories: 2
  • Bedroom Features: Entry Level

Exterior Features

  • View: None
  • Construction Type: Concrete Block Construction
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: THE LORENA CONDO
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Security: No Burglar Alarm, No Security

Condo/Co-op/Association

  • Association Fee: 726
  • Amenities: Laundry
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Feinberg-Fisher K8
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-03-232-0050

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 3675

Multi Family

  • Number Of Units In Community: 12

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,788 $201,937
2024 $3,634 $201,937
2023 $3,634 $192,321 $0 $0
2022 $2,624 $134,552 $0 $0
2021 $2,463 $122,320 $0 $0
2020 $2,153 $111,200 $0 $0
2019 $2,694 $139,000 $0 $0
2018 $2,895 $153,934 $0 $0
2017 $2,931 $153,934 $0 $0
2016 $2,718 $139,940 $0 $0
2015 $2,630 $128,282 $0 $0
2014 $2,369 $116,620 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2026 08/05/26 Price Changed $246,999 0.0% $449 / Sq Ft
06/26/2026 06/26/26 For Sale $247,000 0.0% $449 / Sq Ft
03/08/2024 03/08/24 Rented $2,600 -1.9% --
02/22/2024 02/22/24 Under Contract -- -- --
01/27/2024 01/27/24 For Rent $2,650 +32.5% --
02/10/2023 02/10/23 Rented $2,000 -24.5% --
02/05/2023 02/05/23 Under Contract -- -- --
02/03/2023 02/03/23 For Rent $2,650 0.0% --
12/19/2022 12/19/22 Sold $220,000 0.0% $400 / Sq Ft View Prior Sale
12/09/2022 12/09/22 Pending -- -- --
12/09/2022 12/09/22 Off Market $220,000 -- --
11/22/2022 11/22/22 For Sale $225,000 0.0% $409 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
11/12/2022 11/12/22 For Sale $225,000 0.0% $409 / Sq Ft
10/17/2022 10/17/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $225,000 +2.3% $409 / Sq Ft
08/26/2022 08/26/22 Off Market $220,000 -- --
07/30/2022 07/30/22 For Sale $225,000 0.0% $409 / Sq Ft
07/15/2020 07/15/20 Rented $1,200 -7.7% --
07/07/2020 07/07/20 Under Contract -- -- --
05/30/2020 05/30/20 For Rent $1,300 0.0% --
05/22/2019 05/22/19 Rented $1,300 0.0% --
05/19/2019 05/19/19 Under Contract -- -- --
05/08/2019 05/08/19 For Rent $1,300 0.0% --
02/21/2018 02/21/18 Rented $1,300 0.0% --
02/09/2018 02/09/18 Under Contract -- -- --
12/28/2017 12/28/17 For Rent $1,300 +4.0% --
11/30/2016 11/30/16 Rented $1,250 -16.7% --
11/07/2016 11/07/16 Under Contract -- -- --
09/02/2016 09/02/16 For Rent $1,500 -- --
Source: MIAMI REALTORS® MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $220,000 Folio Title
Warranty Deed $140,000 --
Warranty Deed $91,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $170,000 Unknown
Previous Owner $30,000 Credit Line Revolving
Previous Owner $133,000 Unknown
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A12043829

MIAMI REALTORS® MLS

APN: 02-4203-232-0050

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