NOT LISTED FOR SALE

525 Meridian Ave Unit 205 Miami Beach, FL 33139

Flamingo Neighborhood

Estimated Value: $243,000 - $274,000

1 Bed
1 Bath
590 Sq Ft
1969 Built

Sale Details

Date Sold: December 18, 2024

Last sale price $251,000 $425 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,170 / mo

305 Days on Market

Highlights

  • Balcony
  • Entrance Foyer
  • Central Heating and Cooling System
  • South Pointe Elementary School Rated 9+
  • Ceramic Tile Flooring
  • 1 Car Garage

About This Home

As of December 2024

Excellent investment opportunity in a prime location, this apartment is perfect for those seeking a property with sustainable income potential. Situated in a highly sought-after rental area, this property currently features two bedrooms, significantly enhancing its profitability potential. With easy access to the beach, shops, and restaurants, this property offers comfort and convenience. Currently, it's rented on a month-to-month basis. Don't miss the chance to invest in this perfect retreat in South Beach.

Last Agent to Sell the Property

Jesus Vargas

Real Estate Sales Force License #3339670 Listed on: 02/15/2024

Real Estate Sales Force

Last Buyer's Agent

Solangel Roque

Luxe Properties License #3356342

Luxe Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,006

Year Built

  • Built in 1969

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Garden Apartment
  • Entry on the 2nd floor

Interior Spaces

  • 590 Sq Ft Home
  • 4-Story Property
  • Central Vacuum
  • Paddle Fans
  • Entrance Foyer
  • Ceramic Tile Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-067-0110

Community Details

Overview

  • Low-Rise Community
  • 525 Meridian Condos
  • 525 Meridian Condo Subdivision

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,006

Year Built

Built in 1969

Lot Details

0 Sq Ft Lot

HOA Fees

$400 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1969
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Entry Level: 2
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: 525 MERIDIAN CONDO
  • Year Built Details: Unknown
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Interior Amenities: Entrance Foyer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Foyer
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 590
  • Other Equipment: Central Vacuum, Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 4
  • Bedroom Features: Entry Level

Exterior Features

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

Garage/Parking

  • Park Building Name: 525 MERIDIAN
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air, Paddle Fans
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: No Security

Condo/Co-op/Association

  • Association Fee: 400
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-067-0110
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
Dec 17, 2024
Sold by
Barretta Gaetano
Bought by
205 Merid Llc
Seller's Agent
Jesus Vargas
Real Estate Sales Force
Buyer's Agent
Solangel Roque
Luxe Properties
List Price
$365,000
Sold Price
$251,000
Premium/Discount to List
-$114,000
-31.23%
Views
74
Current Estimated Value
$259,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,882
Avg. Annual Appreciation
2.78%

Purchase Details

Closed on
May 14, 2018
Sold by
Rosen Gloria
Bought by
Barrett Gaetano

Purchase Details

Closed on
Feb 24, 2016
Sold by
Rosen Gloria
Bought by
Rosen Gloria and Rosen Todd Alan

Purchase Details

Closed on
May 20, 2002
Sold by
Sanford Halber
Bought by
Rosen Gloria H
Source: Public Records
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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
205 Merid Llc $251,000 None Listed On Document
Barrett Gaetano $154,000 Attorney
Rosen Gloria -- Attorney
Rosen Gloria H $22,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2024 12/18/24 Sold $251,000 0.0% $425 / Sq Ft
10/31/2024 10/31/24 Off Market $251,000 -- --
09/16/2024 09/16/24 Price Changed $269,000 -10.0% $456 / Sq Ft
09/11/2024 09/11/24 Price Changed $299,000 -3.9% $507 / Sq Ft
08/06/2024 08/06/24 Price Changed $311,000 -14.8% $527 / Sq Ft
02/16/2024 02/16/24 For Sale $365,000 -- $619 / 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 $4,438 $212,683 -- --
2024 $4,006 $233,204 -- --
2023 $4,006 $212,004 $0 $0
2022 $1,815 $137,828 $0 $0
2021 $1,794 $133,814 $0 $0
2020 $1,765 $131,967 $0 $0
2019 $1,710 $129,000 $0 $0
2018 $2,572 $136,795 $0 $0
2017 $2,483 $126,696 $0 $0
2016 $2,483 $115,179 $0 $0
2015 $2,409 $104,709 $0 $0
2014 $2,163 $95,190 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jesus Vargas

    Real Estate Sales Force

    (786) 900-0155

    1 in this area

    30 Total Sales

    Jesus Vargas
    Section Image
  • Solangel Roque

    Buyer's Agent in 2024

    Solangel Roque

    Luxe Properties

    (786) 356-4853

    2 in this area

    10 Total Sales

    Solangel Roque
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11533877

MIAMI REALTORS® MLS

APN: 02-4203-067-0110

Florida Miami/Dade County Miami Beach 33139 Flamingo

525 Meridian Ave Unit 205, Miami Beach, FL

Not Listed for Sale

Condos

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