$490,000
SOLD JAN 29, 2025
2 Beds
1 Bath
630 Sq Ft
$750/mo HOA Fee

Recently Sold

$778 Per Sq Ft

2% Below List Price

95 Days on Market

Highlights

  • Skyline View
  • Heated Community Pool
  • Central Heating and Cooling System
  • South Pointe Elementary School Rated A-
  • French Doors
  • 1-minute walk to Washington Dog Park & Annex

About This Home

As of January 2025

Stunning 2-bedroom, 1-bathroom corner unit on Collins Ave, located in the highly sought-after South of Fifth in Miami Beach, boasts luxurious designer finishes throughout. The spacious, sunlit interior features sleek quartz countertops in a fully equipped kitchen with modern appliances and ample cabinetry. The open living and dining areas are stylishly furnished with contemporary decor, creating a chic, welcoming atmosphere.
Perfect for both personal use & investment, this unit offers excellent short-term rental income potential, thanks to its prime location just steps from the beach, renowned restaurants, and vibrant nightlife. This turnkey solution for the discerning buyer. This gem in the heart of Miami Beach is a rare find, combining elegance, convenience, and financial opportunity.

Last Agent to Sell the Property

Kimberly Smith

The Keyes Company License #3210996

The Keyes Company

Last Buyer's Agent

Eric Lieberbaum

Blackbook Properties License #3489540

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,742

Year Built

  • Built in 1921

HOA Fees

  • $750 Monthly HOA Fees

Home Design

  • Condo Hotel

Interior Spaces

  • 630 Sq Ft Home
  • 3-Story Property
  • Partially Furnished
  • French Doors
  • Skyline Views
  • Security Fence, Lighting or Alarms

Kitchen

  • Self-Cleaning Oven
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 1 Full Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Schools

  • South Pointe Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-235-0390

Community Details

Overview

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

Amenities

  • Trash Chute
  • Laundry Facilities

Recreation

  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,742

Year Built

Built in 1921

Lot Details

0

HOA Fees

$750 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1921
  • Ownership: Other Ownership
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: THE MERCURY SOUTH BEACH
  • Year Built Details: Condo-Hotel
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Second Floor Entry, French Doors, Split Bedroom
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: French Doors
  • Furnished: Partially Furnished
  • Living Area: 630
  • Other Equipment: Elevator
  • Possible Use: Investment
  • Stories: 3
  • Bedroom Features: Primary Bath Shower
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Skyline, None
  • Exterior Features: None
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: The Mercury
  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Fire Alarm, Other, Unit Alarm

Condo/Co-op/Association

  • Association Fee: 750
  • Amenities: Heated Pool, Pool, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-03-235-0390
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5742

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2025 01/29/25 Sold $490,000 -1.8% $778 / Sq Ft
12/31/2024 12/31/24 Pending -- -- --
09/27/2024 09/27/24 For Sale $499,000 +73.6% $792 / Sq Ft
07/09/2014 07/09/14 Sold $287,500 -14.2% $456 / Sq Ft
04/10/2014 04/10/14 For Sale $335,000 +63.4% $532 / Sq Ft
04/05/2013 04/05/13 Sold $205,000 -4.7% $325 / Sq Ft
03/10/2013 03/10/13 Pending -- -- --
02/26/2013 02/26/13 For Sale $215,000 0.0% $341 / Sq Ft
07/16/2012 07/16/12 Rented $1,250 -21.9% --
06/16/2012 06/16/12 Under Contract -- -- --
05/22/2012 05/22/12 For Rent $1,600 -- --
Source: MIAMI REALTORS® MLS

Tax History

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
2024 $5,742 $334,222 -- --
2023 $5,742 $303,839 $0 $0
2022 $6,060 $322,547 $0 $0
2021 $5,875 $304,290 $0 $0
2020 $5,610 $289,800 $0 $0
2019 $5,616 $289,800 $0 $0
2018 $5,449 $289,800 $0 $0
2017 $5,367 $277,200 $0 $0
2016 $4,895 $252,000 $0 $0
2015 $4,855 $245,070 $0 $0
2014 -- $163,170 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $352,500 New Conventional
Closed $352,500 New Conventional
Previous Owner $133,250 Purchase Money Mortgage
Previous Owner $177,500 Stand Alone First
Previous Owner $171,900 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $490,000 Title Services Corporation
Warranty Deed $490,000 Title Services Corporation
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- Attorney
Warranty Deed $287,500 Grand Prix Title Svcs Llc
Warranty Deed $205,000 Attorney
Warranty Deed $150,000 Attorney
Warranty Deed $205,000 American Title & Closing Ser
Warranty Deed $215,000 --
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11667517

MIAMI REALTORS® MLS

APN: 02-4203-235-0390