INVESTMENT...LOCATION... Great investment opportunity with a legal AirBnB permit in South Point with a private pool and beach access with lounge chairs and umbrellas. The building, built as the first hotel in the area, has a grandfathered permit to rent daily, which presents an opportunity for 10%+ CAP rate, combined with low monthly fees. Location is unbeatable; right in the coveted South Point area within a short walk from all of the desired restaurants and bars, without ever needing a car. This is a part of an investment portfolio sale, please inquire about the other prime units in the building (239 and 328).
Sold for $437,500
$437,500
Miami Beach, FL 33139
1beds
410sqft
Condominium
Built in 1939
-- sqft lot
$417,200 Zestimate®
$1,067/sqft
$1,978 Estimated rent
Home value
$417,200
$375,000 - $463,000
$1,978/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Michael D Cohen 954-914-6643,
E PRO Realty
Bought with:
Jim Brinker, 3167060
LoKation
Source: BeachesMLS,MLS#: F10428272
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Disposal, Refrigerator
Features
- Main Level Primary, Pantry, Separate Shower
- Flooring: Laminate
- Windows: Blinds
Interior area
- Total interior livable area: 410 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
- Details: CarportSpaces:0.00
Features
- Exterior features: None
- Pool features: Association
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- Waterfront features: None, Ocean Front
Details
- Parcel number: 0242032060330
- Lease amount: $0
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block
Condition
- Resale
- New construction: No
- Year built: 1939
Community & neighborhood
Security
- Security features: Security System, Closed Circuit Camera(s)
Location
- Region: Miami Beach
- Subdivision: Ocean Walk On South Beach
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $687 monthly
- Amenities included: Maintenance Grounds, Pool
- Services included: Common Areas, Maintenance Structure
Other fees
- Pet deposit fee: $0
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2024 | Sold | $437,500-2.8%$1,067/sqft |
Source:  BeachesMLS #F10428272 Report a problem | ||
| 4/2/2024 | Pending sale | $450,000$1,098/sqft |
Source: BeachesMLS #F10428272 Report a problem | ||
| 3/10/2024 | Listed for sale | $450,000$1,098/sqft |
Source: BeachesMLS #F10428272 Report a problem | ||
| 3/10/2024 | Listing removed | -- |
Source: BeachesMLS #F10401659 Report a problem | ||
| 10/19/2023 | Listed for sale | $450,000+14.8%$1,098/sqft |
Source: BeachesMLS #F10401659 Report a problem | ||
| 3/8/2021 | Sold | $392,000-7.8%$956/sqft |
Source:  MIAMI #A10894937 Report a problem | ||
| 8/10/2020 | Pending sale | $425,000$1,037/sqft |
Source: MIAMI #A10894937 Report a problem | ||
| 7/18/2020 | Price change | $425,000-5.3%$1,037/sqft |
Source: Miami Beach Int'l Realty #A10894937 Report a problem | ||
| 1/4/2020 | Listed for sale | $449,000+60.4%$1,095/sqft |
Source: Global Luxury Realty LLC #A10793989 Report a problem | ||
| 5/12/2016 | Sold | $280,000-6.4%$683/sqft |
Source: Public Record Report a problem | ||
| 5/2/2016 | Listed for sale | $299,000$729/sqft |
Source: ONE Sotheby's International Realty #A10008998 Report a problem | ||
| 5/2/2016 | Pending sale | $299,000$729/sqft |
Source: ONE Sotheby's International Realty #A10008998 Report a problem | ||
| 4/12/2016 | Price change | $299,000-6.6%$729/sqft |
Source: ONE Sotheby's International Realty #A10008998 Report a problem | ||
| 2/19/2016 | Price change | $320,000-10.9%$780/sqft |
Source: ONE Sotheby's International Realty #A10008998 Report a problem | ||
| 1/12/2016 | Listed for sale | $359,000+139.3%$876/sqft |
Source: ONE Sotheby's International Realty #A10008998 Report a problem | ||
| 7/20/2014 | Listing removed | $1,350$3/sqft |
Source: South Beach International Realty #A1973538 Report a problem | ||
| 7/9/2014 | Price change | $1,350-1.8%$3/sqft |
Source: South Beach International Realty #A1973538 Report a problem | ||
| 2/22/2014 | Listed for rent | $1,375+1.9%$3/sqft |
Source: South Beach International Realty #A1910614 Report a problem | ||
| 3/25/2013 | Sold | $150,000-51.6%$366/sqft |
Source: Public Record Report a problem | ||
| 2/9/2013 | Listing removed | $1,350$3/sqft |
Source: South Beach International Rlty #A1735711 Report a problem | ||
| 1/18/2013 | Listed for rent | $1,350$3/sqft |
Source: South Beach International Rlty #A1735711 Report a problem | ||
| 5/25/2008 | Listing removed | $310,000$756/sqft |
Source: Visual Tour #M1171735 Report a problem | ||
| 1/19/2008 | Listed for sale | $310,000+113.8%$756/sqft |
Source: Visual Tour #M1171735 Report a problem | ||
| 9/13/2005 | Sold | $145,000+20.3%$354/sqft |
Source: Public Record Report a problem | ||
| 4/29/2005 | Sold | $120,500$294/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,621 +2.9% | $299,149 +5.5% |
| 2023 | $5,464 +12.8% | $283,675 +10% |
| 2022 | $4,846 -12.4% | $257,887 -10% |
| 2021 | $5,533 +0.9% | $286,541 +1.8% |
| 2020 | $5,485 +10.6% | $281,424 +10% |
| 2019 | $4,958 +6.6% | $255,840 +5.4% |
| 2018 | $4,653 | $242,691 +10% |
| 2017 | $4,653 +10.7% | $220,629 +31.5% |
| 2016 | $4,201 +25% | $167,796 +10% |
| 2015 | $3,361 +7% | $152,542 +10% |
| 2014 | $3,140 +27.1% | $138,675 +10% |
| 2013 | $2,471 | $126,069 +10% |
| 2012 | $2,471 +14.6% | $114,609 +10% |
| 2011 | $2,157 +3.2% | $104,190 +10% |
| 2010 | $2,090 -35.6% | $94,720 -40% |
| 2009 | $3,247 -28.6% | $157,860 -30% |
| 2007 | $4,550 +67.4% | $225,520 |
| 2006 | $2,718 | -- |
| 2005 | $2,718 -1.9% | -- |
| 2004 | $2,770 -1.3% | -- |
| 2003 | $2,806 +12.4% | -- |
| 2002 | $2,498 | -- |
| 2001 | $2,498 | -- |
Neighborhood: South Pointe
Nearby schools
GreatSchools rating
- 9/10South Pointe Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Nautilus Middle SchoolGrades: 6-8Distance: 2.9 mi
- 4/10Miami Beach Senior High SchoolGrades: 9-12Distance: 1.8 mi
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Estimated market value
$417,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$417,200