Home » Miami Beach » Private Address | F10428268

Private Address | For Sale F10428268 in Miami Beach

$575,000

Property Highlights

Listing ID F10428268 Status of this Listing: Active For Sale Property Type Residential Condominium 1 Bedrooms 1 Bathrooms Total 1 Full Bath Living Space 410 Sqft/38.09 m2 approx. COMMUNITY POOL Year Built 1939 Waterfront Has view of the Ocean Time of this property on Rebonus 193 Day(s)
38 Photos of this Property

About this Condominium with Listing ID F10428268

Property Description: 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 (132 and 328).

Useful Info

Original List Price:$575,000

Rooms Distribution

Main Level Bedrooms:1
Main Level Bathrooms:1

Construction

Year Built Details:
  • Resale
Property Condition:
  • Resale
Entry Level (floor):2
Construction Materials:
  • Block
Flooring:
  • Laminate
Number of stories:3

Property Features

Has View:Yes
View from the Property:
  • Ocean
Waterfront:Yes
Waterfront Features:
  • Ocean Front
Swimming Pool Features:
  • Association
Security:
  • Lobby Secured
  • Closed Circuit Camera(s)
Appliances:
  • Dishwasher
  • Disposal
  • Refrigerator
  • Electric Range
Interior Features:
  • Pantry
  • Main Level Primary
Window Features:
  • Blinds
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$4,846

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:$640
Association Fee Frequency:
  • Monthly
Association Fee 2nd HOA:$687
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • No Pet Restrictions
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Laundry
Subdivision Name:Ocean Walk On South Beach
Community Features:
  • Non-gated
Association Fee Includes:
  • Maintenance Structure
  • Common Areas
  • Amenities
Complex Name:Ocean Walk On South Beach
Senior Community:No
Restrictions: Daily Rentals Allowed, Short Term Rentals Allowed

Parking

Garage Spaces:0
Covered Spaces:0
Parking Features:
  • On Street
  • None

More Details

Other Information:
Unit View: Ocean View
Housing Older Persons Act: No HOPA
Unit Design: Interior Hall
Data exchange original Listing Number: F10428268
Type of Association: Condo
Type of Governing Bodies: Condominium
Water Access Description:None

Zoning and Legal

Tax Legal Description:OCEAN WALK ON SOUTH BEACH CONDO UNIT 132 UNDIV 0.020343% INT IN COMMON ELEMENTS OFF REC 17123-0842 OR 17487-2720 0197 1
Real Estate Folio Number (Parcel Number):02-42-03-206-0770
Public Survey Township:42
Public Survey Section:3

Listing History

Update/EventDate/Days
Published Date:March 10, 2024 5:47 pm
On Market Date:March 10, 2024
Listing Contract Date:March 10, 2024
Last Important Update Description:New Listing
Date and Time of Last Important Update:March 10, 2024 5:47 pm
Status Last Changed:March 10, 2024 5:47 pm
Photos Last Modified:March 10, 2024 10:14 pm
Last Modified:August 29, 2024 5:34 pm
Days on the Market Reference Date:August 29, 2024
Days on the Market (updated on Last Modified*):172
Cumulative Days on the Market (updated on Last Modified**):337

Additional Information

Lot Size Range:,
Unit Location:2
Number of Photos Count:38
Area:42
Ref ID:1063024099
Courtesy of:E PRO Realty
Universal Property Id:US-12025-N-0242032060770-R-N

Neighborhood

Postal City:Miami Beach
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