Home » Miami Beach » Palazzo del Mare at 7111 Fisher Island Dr Fisher Island » 7111 Fisher Island Dr 7111, Miami Beach, FL 33109 | A11366324

Sold 7111 Fisher Island Dr 7111, Miami Beach, FL 33109

$12,500,000
closed for a price of $11,000,000

Property Highlights

Listing ID A11366324 Status of this Listing: Closed Sold Property Type Residential Condominium 4 Bedrooms 6 Bathrooms Total 5 Full Bath 1 Half Bath Living Space 4,861 Sqft/451.60 m2 approx. Building Area 4,861 Sqft/451.60 m2 approx. POOL Year Built 2007 Waterfront Has view of the Ocean Lease Term Minimum Duration: 365 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 365 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Time of this property from published date until Closing Date 140 Days

7111 Fisher Island Dr 7111, Miami Beach, FL 33109

Property Description: Coveted large 4BR ground floor unit in Palazzo Del Mare! Boasting ultra luxurious contemp finishes & decor in serene neutral colors. Soaring ceilings, MSTR suite w/cozy library/den & sep his/hers MSTR BA & PVTE TER. Ample brs w/en-suite BA, serene grey limestone flrs. Natural stone throughout, chandeliers & fixtures by Waterworks. Includes 3 GAR parking spcs, A/C STGE & one golf cart. Expansive 4000+/-SF TER w/summer KIT perfect for entertaining. Breathtaking SOBE views. Discrepancy between MLS and tax rolls the correct total 4,861 SF(as per floor plan)

Residential Condominium Sold located at 7111 Fisher Island Dr 7111 Miami Beach FL 33109 in Miami-Dade County referenced as ID MLS # A11366324. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Contingency:No Contingencies
Original List Price:$12,500,000
Close Price:$11,000,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • Spanish/mediterranean
Entry Level (floor):1
Entry Level Location:1
Construction Materials:
  • Block
Flooring:
  • Other
Number of stories:10

Property Features

Has View:Yes
View from the Property:
  • Ocean
  • City
  • Bay
Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Ocean Front
  • Bay Front
Swimming Pool Features:
  • Heated
Security:
  • Smoke Detector(s)
  • Door Man
  • Security Guard
  • Lobby Secured
Appliances:
  • Dryer
  • Disposal
  • Microwave
  • Refrigerator
  • Washer
  • Built-in Oven
  • Electric Range
Interior Features:
  • First Floor Entry
  • Breakfast Area
  • Dining Area
  • Separate/formal Dining Room
  • Bedroom On Main Level
  • Entrance Foyer
  • Built-in Features
  • Bar
  • Main Living Area Entry Level
  • Sitting Area In Primary
  • Dual Sinks
  • Bidet
Exterior Features:
  • Security/high Impact Doors
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Window Features:
  • Impact Glass
  • Sliding
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric
Building Features:
  • Exterior Lighting
Property Entrance Faces:
  • Southeast

Taxes and Expenses

Tax Annual Amount:$58,553

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022
Association Fee:$12,262
Association Fee Frequency:
  • Quarterly
Association Fee 3rd HOA:$7,367
Association Fee 3rd HOA Frequency:
  • Monthly
Membership Fee:$350,000
Property Tax Status:Tax Reflects Homestead Tax

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Marina
  • Pool
  • Sauna
  • Spa/hot Tub
  • Bike Storage
  • Playground
  • Storage
  • Elevator(s)
  • Fitness Center
  • Trail(s)
  • Basketball Court
  • Transportation Service
Subdivision Name:PALAZZO DEL MARE AT FISHE
Association Fee Includes:
  • Roof
  • Sewer
  • Water
  • Trash
  • Pool(s)
  • Security
  • Maintenance Structure
  • Association Management
  • Parking
  • Hot Water
Complex Name:PALAZZO DEL MARE
Senior Community:No
Development Name:PALAZZO DEL MARE
Restrictions: Exterior Alterations, No Recreational Vehicles RV, No Truck, OK To Lease
Membership Required:Yes

Parking

Garage:Yes
Garage Spaces:2
Covered Spaces:2
Attached Garage:Yes
Parking Features:
  • Garage
  • Two Or More Spaces
  • Attached
  • Assigned
  • Valet

Public Schools Assigned

Note: provided by seller, please contact the school district to confirm the school assignment for this property address.

Elementary School:Lake Gem Elem
High School:Miami Beach
Middle Or Junior School:Nautilus

Utilities

Utilities Available:
  • Cable Available

More Details

Other Information:
Unit ViewBay,Direct Ocean,Skyline View
Housing Older Persons ActUnverified
Water AccessDeeded Beach Access,Community Boat Dock,Community Boat Ramp
Boat ServicesBeach Access,Community Marina,Community Ramp,Dock Available,Marina,Over 101 Ft Boat,Parking,Private Dock,Water Available
Unit DesignCorner Unit,East Of Us1,Old Spanish
Type of AssociationCondo
Type of Governing BodiesCondominium
Tax InformationTax Reflects Homestead Tax
Flood ZoneAE
Building Number7100
Homeowner's Association Application Fee150
Rooms DescriptionDen/Library/Office,Family Room,Storage Room,Utility Room/Laundry
Style Condo 5+ Stories
FEMA Flood Zone DesignationsAE
Municipal Code2
Subdivision Number16
Minimum Number of Days for Lease365
Number of times allowed to lease per year1
Buyer Country of ResidenceUnknown/Withheld
Water Access Description:Deeded Beach Access,Community Boat Dock,Community Boat Ramp

Zoning and Legal

Tax Legal Description:PALAZZO DEL MARE AT FISHER ISLAND CONDO NO 1 UNIT 7111 UNDIV 2.734% INT IN COMMON ELEMENTS OFF REC 25839-3116 COC 26283-4840 03 2008 1
Real Estate Folio Number (Parcel Number):02-42-10-016-0010
Public Survey Township:2
Public Survey Range:42
Public Survey Section:10

Listing History

Update/EventDate/Days
Published Date:April 5, 2023 9:30 am
On Market Date:April 5, 2023
Close Date:August 23, 2023
Price Change Date Time:April 3, 2023 12:04 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:August 29, 2023 10:29 am
Status Last Changed:August 29, 2023 10:29 am
Photos Last Modified:April 26, 2023 1:38 pm
Last Modified:May 24, 2024 5:29 pm
Days on the Market Reference Date:May 24, 2024
Days on the Market (updated on Last Modified*):84
Cumulative Days on the Market (updated on Last Modified**):170

Additional Information

Unit Location:Corner Unit,East Of Us1,Old Spanish
Number of Photos:83
Location:,,
Included:,,
Area:42
Automated Valuation Display:Yes
Courtesy of:One Sotheby's International Realty
Universal Property Id:US-12025-N-0242100160010-R-N

Location

Show Property Address:Yes
Street Name:Fisher Island Dr
Street Number:7111
Street Address:7111 Fisher Island Dr 7111
Unit Number:7111
City : Miami Beach
State : Florida
Zip Code : 33109
County : Miami-Dade County
Full Address:7111 Fisher Island Dr 7111, Miami Beach, FL 33109
Latitude:N25° 45' 45.9''
Longitude:W81° 51' 50.5''

Neighborhood

Postal City:Miami Beach
City Region:Parkland Bay

Property Map

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