Home » Miami Beach » Drexel 15 at 1519 Drexel Ave Miami Beach » 1519 Drexel Ave 500, Miami Beach, FL 33139 | A11514765

Sold 1519 Drexel Ave 500, Miami Beach, FL 33139

$895,000
closed for a price of $875,000

Property Highlights

Listing ID A11514765 Status of this Listing: Closed Sold Property Type Residential Condominium 2 Bedrooms 2 Bathrooms Total 2 Full Bath Living Space 1,550 Sqft/144.00 m2 approx. Building Area 1,550 Sqft/144.00 m2 approx. Year Built 1970 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 78 Days

1519 Drexel Ave 500, Miami Beach, FL 33139

Property Description: Discover the charm of this one-of-a-kind, expansive (1,550 SF) BEACH condo nestled in the heart of South Beach! This penthouse-level residence in a boutique building boasts a distinctive private skylight patio, ideal for relaxation or entertaining. Thoughtfully renovated, it features luxury hardwood floors with soundproofing, and the primary bedroom showcases a modern bathroom with double sinks and high-end finishes, new impact windows and doors. The split floor plan offers an open kitchen, spacious living/dining area with open views from three sides. One assigned parking space and storage unit. Walking distance to Lincoln Rd, restaurants, shopping, Flamingo park, community pool and tennis center. This exclusive residence, provides a house-like feel just steps away from the ocean.

Useful Info

Contingency:Association Approval
Original List Price:$895,000
Close Price:$875,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is
More Listings Same Building:Drexel 15 at 1519 Drexel Ave Miami Beach

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • Penthouse
Entry Level (floor):5
Entry Level Location:5
Construction Materials:
  • Block
Flooring:
  • Wood
Number of stories:5
Number of Units in the Community or Building:17

Property Features

View from the Property:
  • City
Waterfront:No
Security:
  • Complex Fenced
  • Secured Garage/parking
Appliances:
  • Dishwasher
  • Microwave
  • Refrigerator
  • Electric Range
  • Electric Water Heater
  • Ice Maker
Interior Features:
  • Breakfast Bar
  • Eat-in Kitchen
  • Living/dining Room
  • First Floor Entry
  • Split Bedrooms
  • Closet Cabinetry
  • Bedroom On Main Level
  • Elevator
  • Dual Sinks
Exterior Features:
  • Security/high Impact Doors
  • Balcony
  • Patio
Patio and Porch Features:
  • Patio
  • Balcony
  • Open
Window Features:
  • Impact Glass
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Building Features:
  • Exterior Lighting

Taxes and Expenses

Tax Annual Amount:$7,915

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:2023
Association Fee:$1,332
Association Fee Frequency:
  • Monthly
Association Fee 3rd HOA:$1,332
Association Fee 3rd HOA Frequency:
  • Monthly
Property Tax Status:Tax Reflects Homestead Tax

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Owner
Buyer Possession:
  • Negotiable
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Bike Storage
  • Trash
  • Laundry
  • Storage
  • Elevator(s)
Subdivision Name:DREXEL 15 CONDO
Association Fee Includes:
  • Sewer
  • Water
  • Insurance
  • Laundry
Complex Name:Drexel 15
Senior Community:No
Restrictions: Okay to Lease within 1st Year of Ownership, OK To Lease

Parking

Garage:Yes
Garage Spaces:1
Covered Spaces:1
Attached Garage:Yes
Parking Features:
  • One Space
  • Garage
  • Attached
  • Assigned

More Details

Other Information:
Unit ViewSkyline View
Housing Older Persons ActNo HOPA
Unit DesignCorner Unit,Penthouse
Type of AssociationCondo
Minimum Number of Days for Lease365
Type of Governing BodiesCondominium
Tax InformationTax Reflects Homestead Tax
Number of times allowed to lease per year1
Flood ZoneAE
Homeowner's Association Application Fee150
Rooms DescriptionStorage Room,Utility Room/Laundry
Style Condo 5+ Stories
FEMA Flood Zone DesignationsAE
Municipal Code2
Subdivision Number44
Buyer Country of ResidenceFrance

Zoning and Legal

Tax Legal Description:DREXEL 15 CONDO PRIVATE DWELLING 500 FIFTH FLOOR UNDIV 10.9340 % INT IN COMMON ELEMENTS CLERKS FILE 71R-850
Real Estate Folio Number (Parcel Number):02-32-34-044-0160
Public Survey Township:2
Public Survey Range:32
Public Survey Section:34

Listing History

Update/EventDate/Days
Published Date:January 18, 2024 1:20 pm
On Market Date:January 18, 2024
Close Date:April 5, 2024
Price Change Date Time:January 15, 2024 1:21 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:April 5, 2024 2:06 pm
Status Last Changed:April 5, 2024 2:06 pm
Photos Last Modified:January 19, 2024 1:47 am
Last Modified:April 5, 2024 6:07 pm
Days on the Market Reference Date:April 5, 2024
Days on the Market (updated on Last Modified*):28
Cumulative Days on the Market (updated on Last Modified**):28

Additional Information

Unit Location:Corner Unit,Penthouse
Number of Photos:34
Location:,,
Included:,,
Area:32
Courtesy of:Coldwell Banker Realty
Universal Property Id:US-12025-N-0232340440160-R-N

Location

Show Property Address:Yes
Street Name:Drexel Ave
Street Number:1519
Street Address:1519 Drexel Ave 500
Unit Number:500
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade County
Full Address:1519 Drexel Ave 500, Miami Beach, FL 33139
Latitude:N25° 47' 16.8''
Longitude:W81° 52' 2.4''

Neighborhood

Postal City:Miami Beach

Property Map

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