$158,000
SOLD MAY 19, 2025

851 Meridian Ave Unit 42 Miami Beach, FL 33139

Flamingo Neighborhood
-- Bed
1 Bath
400 Sq Ft
$570/mo HOA Fee

Recently Sold

$395 Per Sq Ft

7% Below List Price

25 Days on Market

Highlights

  • Intercom to Front Desk
  • Studio bedroom
  • Ceiling Fan
  • Cooling Available
  • Tile Flooring
  • 1 Car Garage

About This Home

As of May 2025

Turnkey studio located in the heart of South Beach, just steps from the ocean, iconic Ocean Drive, and world-class dining and nightlife. This unit offers strong short (6 -months) - or long-term rental potential in one of Miami’s most sought-after neighborhoods. A highly walkable location, and consistent demand make this an ideal addition to any investment portfolio. Covered garage and currently rented.

Last Agent to Sell the Property

Zaida Gaitan

Affinity International Realty License #3630659 Listed on: 04/10/2025

Last Buyer's Agent

Alberto Sermoneta

Sermoneta Real Estate Group Corp License #3401603

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,800

Year Built

  • Built in 1965

HOA Fees

  • $570 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 42nd floor

Interior Spaces

  • 400 Sq Ft Home
  • Ceiling Fan
  • Tile Flooring
  • Electric Range

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom

Home Security

Utilities

  • Cooling Available
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-040-0130

Community Details

Overview

  • Meridian Manor Condos
  • Ocean Beach Add No 3 Subdivision
  • 5-Story Property

Amenities

  • Laundry Facilities
  • Intercom to Front Desk

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Secure Elevator
  • Secure Stairs
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,800

Year Built

Built in 1965

Lot Details

0

HOA Fees

$570 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1965
  • Property Sub Type: Condominium
  • Entry Level: 42
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCEAN BEACH ADD NO 3
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Interior Amenities: No Interior Features
  • Full Bathrooms: 1
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 400
  • Possible Use: Investment
  • Stories: 5
  • Bedroom Features: Entry Level, Studio

Exterior Features

  • View: None
  • Exterior Features: None, Other
  • Construction Type: Concrete Block Construction
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Meridian Manor
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes
  • Security: Smoke Detector, Elevator Secure, Intercom In Lobby, Stairs Secured

Condo/Co-op/Association

  • Association Fee: 570
  • Amenities: Laundry, Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-040-0130
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2025
Closed on
May 15, 2025
Sold by
Gomez Luis Miguel and Gaitan Zaida
Bought by
Animus Investment Llc
Seller's Agent
Zaida Gaitan
Affinity International Realty
Buyer's Agent
Alberto Sermoneta
Sermoneta Real Estate Group Corp
List Price
$170,000
Sold Price
$158,000
Premium/Discount to List
-$12,000
-7.06%
Views
24
Current Estimated Value
$165,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,437
Avg. Annual Appreciation
15.46%

Purchase Details

Listed on
Jun 17, 2015
Closed on
Aug 14, 2015
Sold by
Mantilla Antonio E and Mantilla Israel
Bought by
Gomez Luis Miguel and Gaitan Zaida
Seller's Agent
Jose Duran
MMLS Assoc.-Inactive Member
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$160,000
Sold Price
$145,000
Premium/Discount to List
-$15,000
-9.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.88%
Original Mortgage
$116,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2010
Sold by
Machado Esther
Bought by
Machado Esther and Mantilla Antonio E
Source: Public Records

Range of Values:

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 Type Sale Price Title Company
Warranty Deed $158,000 Title Union Llc
Warranty Deed $158,000 Title Union Llc
Warranty Deed $145,000 Cooperative Title Agency Of
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $116,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Sold $158,000 -7.1% $395 / Sq Ft
05/05/2025 05/05/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $170,000 0.0% $425 / Sq Ft
07/15/2022 07/15/22 Rented $2,000 0.0% --
07/13/2022 07/13/22 Under Contract -- -- --
06/24/2022 06/24/22 For Rent $2,000 +42.9% --
07/02/2021 07/02/21 Rented $1,400 0.0% --
06/29/2021 06/29/21 Under Contract -- -- --
06/07/2021 06/07/21 For Rent $1,400 +21.7% --
06/30/2020 06/30/20 Rented $1,150 -6.1% --
05/30/2020 05/30/20 For Rent $1,225 +2.1% --
04/26/2017 04/26/17 Rented $1,200 0.0% --
04/10/2017 04/10/17 Under Contract -- -- --
03/28/2017 03/28/17 Price Changed $1,200 -4.0% $3 / Sq Ft
02/21/2017 02/21/17 For Rent $1,250 0.0% --
08/14/2015 08/14/15 Sold $145,000 -6.5% $363 / Sq Ft
07/22/2015 07/22/15 Pending -- -- --
07/08/2015 07/08/15 Price Changed $155,000 -3.1% $388 / Sq Ft
06/17/2015 06/17/15 For Sale $160,000 -- $400 / 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 $2,917 $159,439 -- --
2024 $2,631 $144,945 -- --
2023 $2,631 $131,769 $0 $0
2022 $2,337 $119,790 $0 $0
2021 $2,103 $108,900 $0 $0
2020 $2,343 $121,000 $0 $0
2019 $2,345 $120,990 $0 $0
2018 $2,388 $127,008 $0 $0
2017 $2,419 $127,008 $0 $0
2016 $2,467 $127,008 $0 $0
2015 $2,396 $120,960 $0 $0
2014 $117 $38,621 $0 $0
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11781645

MIAMI REALTORS® MLS

APN: 02-4203-040-0130