$19,900,000
$11M PRICE INCREASE

1255 West Ave Miami Beach, FL 33139

West Avenue Neighborhood

Estimated payment $117,320/month

0.33 Acre
$60,303,030 Price per Acre
14,375 Sq Ft Lot

Highlights

  • Bay View
  • No HOA
  • Landscaped with Trees
  • 0.33 Acre Lot

About This Lot

BUILD 34,500 SQ. FT. OR POSSIBLY MORE WITH FLORIDA LIVE LOCAL ACT OF A CONDO, HOTEL, CONDO HOTEL, OR HOSTEL. CURRENT HOSTEL, HOTEL & 5AM LIQUOR LICENSES OPERATING FOR OVER 13 YEARS IS BIKINI HOSTEL, CAFE & BEER GARDEN. A PROFITABLE 11,200 SQ. FT. HOSTEL HOTEL WITH 35 ROOMS, OVER 200 BEDS, RESTAURANT / BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS AND A 5AM ALCOHOL LICENSE. KEEP AS IS OR DEMOLISH & DEVELOP THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL OR CONDO-HOTEL ON WEST AVE. ORDINANCE RESTRICTS OTHERS FROM DEVELOPMENT IN THE FUTURE.

Listing Agent

Philip Muskat

The Muskat Group, Inc. License #0455894

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $75,000

Year Built

  • 1935

Lot Details

  • 0.33 Acre Lot
  • West Facing Home
  • Landscaped with Trees
  • Additional Parcels
  • Property is zoned 40/MUL M

Interior Spaces

  • 1,634 Sq Ft Home
  • Bay Views

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Miami Beach Condos
  • Miami Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-018-0090

Property Details

Property Type

Land

Est. Annual Taxes

$75,000

Year Built

1935

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Horses: No
  • Lot Size Acres: 0.33
  • New Construction: No
  • Road Frontage Type: City/County Maintained
  • Structure Type: Residential
  • Subdivision Name: Miami Beach
  • Special Features: None
  • Year Built: 1935

Interior Features

  • Living Area: 1634

Exterior Features

  • View: Bay View
  • Direction Faces: West
  • Lot Features: City Location, 1/4 To Less Than 1/2 Acre Lot, Other
  • Other Structures: Other Bldg Incl
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Miami Beach

Utilities

  • Water Source: Municipal Water
  • Utilities: Other Utilities Available, Other

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-32-33-018-0090
  • Additional Parcels: Yes
  • Current Use: Multi-Family, Other Usage
  • Development Status: Other, Recorded Plat
  • Lot Size Sq Ft: 17250
  • Zoning: 40/MUL M
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 75000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $28,122 $1,498,976 -- --
2023 $28,122 $1,362,706 $0 $0
2022 $25,688 $1,362,706 $0 $0
2021 $26,335 $1,357,449 $0 $0
2020 $26,644 $1,376,270 $1,365,360 $10,910
2019 $25,558 $1,318,884 $1,308,470 $10,414
2018 $24,860 $1,431,112 $1,422,250 $8,862
2017 $23,824 $1,146,531 $0 $0
2016 $23,093 $1,042,301 $0 $0
2015 $18,773 $947,547 $0 $0
2014 $17,508 $861,728 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2024 11/01/24 Price Changed $19,900,000 0.0% $12,179 / Sq Ft
10/08/2024 10/08/24 Off Market $4,000 -- --
08/07/2024 08/07/24 For Rent $4,000 0.0% --
09/27/2023 09/27/23 Price Changed $15,000,000 +25.0% $9,180 / Sq Ft
05/10/2022 05/10/22 Price Changed $12,000,000 +33.5% $7,344 / Sq Ft
10/21/2019 10/21/19 For Sale $8,990,000 -- $5,502 / Sq Ft
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Deed $100 --
Warranty Deed $265,000 Attorney
Warranty Deed $1,101,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $267,615 Stand Alone First
Previous Owner $832,000 Negative Amortization
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A10760403

MIAMI REALTORS® MLS

APN: 02-3233-018-0090

Florida Miami/Dade County Miami Beach 33139 West Avenue

1255 West Ave, Miami Beach, FL

Homes for Sale in Miami Beach, FL

This home is located at 1255 West Ave, Miami Beach, FL 33139 and is currently priced at $19,900,000, approximately $12,178 per square foot. This property was built in 1935. 1255 West Ave is a home located in Miami-Dade County with nearby schools including Fienberg-Fisher K-8 Center, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Agent
Philip Muskat
Section Image
The Muskat Group, Inc.
(305) 253-4200