$346,000
SOLD AUG 24, 2020
1 Bed
1 Bath
655 Sq Ft
$379/mo HOA Fee

Recently Sold

$528 Per Sq Ft

4% Below List Price

6 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Heated Community Pool
  • South Pointe Elementary School Rated A-
  • Sauna
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

As of August 2020

You're Not Dreaming, You Just Found the Dream Place! This Spectacular & Impeccably Maintained 1/1 is Located Just South of Fifth On Miami Beach's Famous Ocean Drive. This Unit Offers Breathtaking Views of The Ocean As Well As The Swanky Pool From The Savoy Hotel. Washer & Dryer In The Unit & A Wine Fridge Will Add To Your Enjoyment, While The Hurricane Windows Keep You Safe & Provide Quiet Enjoyment. On Demand Hot Water Heater Frees Up Storage Space. Cable & Internet INCLUDED In Your Low HOA (Plus Extra Storage, Pest, Water, Sewer, & Trash!). The Ocean is Just Four Stops Down The Elevator & Out The Back Door, While World-Class Restaurants Such as Joe's Stone Crab & Prime 112 Are Just Steps Away. the Beach, Shopping, Entertainment, Dining, & A Beautiful Place To Call Home!

Last Agent to Sell the Property

James Rodgers

Skymarc Properties LLC License #3302691 Listed on: 07/02/2020

Co-Listed By

Marcus Mills

Skymarc Properties LLC License #3400412

Last Buyer's Agent

James Rodgers

Skymarc Properties LLC License #3302691 Listed on: 07/02/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,809

Year Built

  • Built in 1970

Lot Details

  • North Facing Home

HOA Fees

  • $379 Monthly HOA Fees

Property Views

Interior Spaces

  • 655 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Family or Dining Combination
  • Ceramic Tile Flooring
  • Video Cameras

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Property has ocean access
  • Balcony

Location

  • East of U.S. Route 1

Schools

  • Southside Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-120-1080

Community Details

Overview

  • 238 Units
  • Mid-Rise Condominium
  • The Presidential Condo
  • The Presidential Condo Subdivision
  • 11-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Sauna
  • Trash Chute
  • Community Center
  • Party Room
  • Laundry Facilities
  • Elevator
  • Lobby
  • Interior Hall
  • Bike Room
  • Community Storage Space

Recreation

Pet Policy

  • Pets Allowed

Building Details

Security

  • Card or Code Access
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,809

Year Built

Built in 1970

Lot Details

0

HOA Fees

$379 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Co List Office Mls Id: SMPL01
  • Co List Office Phone: 646-820-9420
  • Directions: Located on the NE Corner of 4th and Ocean. Metered Street Parking available on 4th Ave, and also Ocean Drive (Between 3rd and 5th).
  • Entry Level: 6
  • Garage Yn: No
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE PRESIDENTIAL CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Interior Hall, Lobby, First Floor Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Tile
  • Furnished: Unfurnished
  • Living Area: 655
  • Possible Use: Primary
  • Stories: 11
  • Window Features: Complete Impact Glass, Blinds, High Impact Windows
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Family/Dining Combination, Snack Bar/Counter
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Ocean View, Direct Ocean, Pool Area View
  • Exterior Features: East Of Us1, Open Balcony
  • Direction Faces: North
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: The Presidential Condo
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Smoke Detector, Doorman, Card Entry, TV Camera

Condo/Co-op/Association

  • Association Fee: 379
  • Amenities: Bike Storage, Barbecue, Laundry, Community Room, Elevator(s), Storage, Heated Pool, Sauna, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Southside
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-03-120-1080
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No, Yes

Multi Family

  • Maintenance Expense: 379
  • Number Of Units In Community: 238
  • Number Of Units Total: 238

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5809

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2010
Sold by
Torre Gustavo and Torre Maria Isabel
Bought by
Torre Maria Isabel
Current Estimated Value
$519,560

Purchase Details

Closed on
Jul 22, 2008
Sold by
Novastar Mortgage Inc
Bought by
Torre Gustavo and Torre Maria Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 5, 2008
Sold by
Lopez Nancy
Bought by
Novastar Mortgage Inc

Purchase Details

Closed on
Aug 10, 2006
Sold by
Vega Joaquin and Vega Flavia B
Bought by
Lopez Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
8.55%
Mortgage Type
Balloon
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
Interfamily Deed Transfer -- Attorney
Special Warranty Deed $269,900 Attorney
Trustee Deed -- None Available
Warranty Deed $400,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $176,250 New Conventional
Closed $215,000 Unknown
Previous Owner $320,000 Balloon
Previous Owner $80,000 Stand Alone Second
Previous Owner $70,000 Credit Line Revolving
Previous Owner $55,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2020 08/24/20 Sold $346,000 -3.6% $528 / Sq Ft
07/02/2020 07/02/20 For Sale $359,000 0.0% $548 / Sq Ft
06/15/2019 06/15/19 Rented $2,000 0.0% --
06/06/2019 06/06/19 Under Contract -- -- --
05/23/2019 05/23/19 Price Changed $2,000 +5.5% $3 / Sq Ft
05/13/2019 05/13/19 For Rent $1,895 -- --
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 $4,649 $296,992 -- --
2024 $4,518 $288,622 -- --
2023 $4,518 $280,216 $0 $0
2022 $4,337 $272,055 $0 $0
2021 $4,310 $264,132 $0 $0
2020 $4,447 $229,680 $0 $0
2019 $5,058 $261,000 $0 $0
2018 $5,809 $317,800 $0 $0
2017 $5,263 $276,353 $0 $0
2016 $5,254 $252,406 $0 $0
2015 $4,705 $229,460 $0 $0
2014 $4,238 $208,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10886202

MIAMI REALTORS® MLS

APN: 02-4203-120-1080