NOT LISTED FOR SALE

Estimated Value: $519,000 - $858,000

1 Bed
2 Baths
770 Sq Ft
1921 Built

Sale Details

Date Sold: March 29, 2024

Last sale price $590,000 $766 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,012 / mo

53 Days on Market

Highlights

  • Doorman
  • Ocean View
  • Main Floor Bedroom
  • South Pointe Elementary School Rated 9+
  • Bar or Lounge
  • 1-minute walk to Washington Dog Park & Annex

About This Home

As of March 2024

BEAUTIFUL ROOFTOP PENTHOUSE FOR SALE IN THE FAMOUS SOUTH POINTE AREA. WITH A HUGE 1180 SQFT OUTSIDE PRIVATE PATIO WITH DIRECT OCEAN VIEW THIS IS A 770 SQ. FT. ONE BEDROOM ONE AND A HALF BATHROOM DUPLEIX . THIS UNIT HAS A PRIVATE ROOFTOP PATIO BALCONY ON THE PENTHOUSE FLOOR IN THE MERCURY CONDO-HOTEL. STEPS FROM PARKS AND THE BEACH. LOW HOA MONTHLY AMENITIES $753.00/ MONTH INCLUDE POOL, RESTAURANT / BAR & ELEVATOR, CABLE, WATER AND ELECTRIC BILLS!. THIS PROPERTY IS ENTIRELY REMODELLED WITH MODERN EUROPEAN TASTE THIS UNIT CAN BE SHORT-TERM RENTED BY OWNER OR SUBJECT TO THE HOTEL PROGRAM AGREEMENT FOR GREAT INCOME POTENTIAL.YOU WILL ENJOY ALL THE BEST SOUTH OF FIFTH HAS TO OFFER. STEPS FROM ALL THE TRENDY RESTAURANTS, SOUTHPOINTE PARK AND THE FAMOUS NIKKI's BEACH

Last Agent to Sell the Property

Claude Hayot

Beachfront Realty Inc Brokerage Phone: 213-507-9703 License #3151497 Listed on: 02/04/2024

Beachfront Realty Inc

Last Buyer's Agent

Claude Hayot

Beachfront Realty Inc Brokerage Phone: 213-507-9703 License #3151497 Listed on: 02/04/2024

Beachfront Realty Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,641

Year Built

  • Built in 1921

HOA Fees

  • $753 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Entry on the 3rd floor

Interior Spaces

  • 770 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Combination Dining and Living Room
  • Ocean Views
  • Washer

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • 2 Full Bathrooms

Home Security

Parking

  • On-Street Parking
  • Open Parking

Additional Features

  • Patio
  • End Unit
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-235-0350

Community Details

Overview

  • Low-Rise Community
  • The Mercury South Beach Condos
  • The Mercury South Beach Subdivision

Amenities

  • Doorman
  • Bar or Lounge
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,641

Year Built

Built in 1921

Lot Details

0 Sq Ft Lot

HOA Fees

$753 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1921
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Directions: COLLINS AVE / 1st STREET
  • Entry Level: 3
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: THE MERCURY SOUTH BEACH
  • Year Built Details: Condo-Hotel
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Attribution Contact: 213-507-9703
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Furnished: Furnished
  • Living Area: 770
  • Other Equipment: Elevator
  • Possible Use: Investment
  • Stories: 3
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Ocean View
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: THE MERCURY SOUTH BEACH
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm, Doorman

Condo/Co-op/Association

  • Association Fee: 753
  • Amenities: Bar, Elevator(s), Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-235-0350
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8641

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2024
Closed on
Mar 25, 2024
Sold by
Bought by
Seller's Agent
Claude Hayot
Beachfront Realty Inc
Buyer's Agent
Claude Hayot
Beachfront Realty Inc
List Price
$625,000
Sold Price
$590,000
Premium/Discount to List
-$35,000
-5.6%
Views
185
Current Estimated Value
$643,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,865
Avg. Annual Appreciation
4.00%
Original Mortgage
$295,000
Outstanding Balance
$290,337
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$353,528

Purchase Details

Closed on
Oct 5, 2022
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 16, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

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 Buyer Sale Price Title Company
$590,000 Perland Title
-- --
$440,000 --
$320,000 P&P Title Services Llc
$372,500 --
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 Borrower Loan Amount
Open $295,000
Previous Owner $80,000
Previous Owner $208,000
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
03/29/2024 03/29/24 Sold $590,000 -5.6% $766 / Sq Ft
02/04/2024 02/04/24 For Sale $625,000 -- $812 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $9,452 $462,744 -- --
2024 $8,641 $502,982 -- --
2023 $8,641 $457,257 $0 $0
2022 $7,600 $404,509 $0 $0
2021 $7,368 $381,612 $0 $0
2020 $7,036 $363,440 $0 $0
2019 $7,043 $363,440 $0 $0
2018 $6,834 $363,440 $0 $0
2017 $6,726 $347,270 $0 $0
2016 $6,132 $315,700 $0 $0
2015 $6,019 $301,222 $0 $0
2014 $6,530 $273,839 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11527027

MIAMI REALTORS® MLS

APN: 02-4203-235-0350

Your Personal Tour Guide

Ask me questions while you tour the home.