NOT LISTED FOR SALE

1351 Meridian Ave Unit 3 Miami Beach, FL 33139

Flamingo Neighborhood

Estimated Value: $192,000 - $236,000

-- Bed
1 Bath
400 Sq Ft
$412/mo HOA Fee

Last Sold December 23, 2024

Last sale price $190,000 $475 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,773/month

131 Days on Market

Highlights

  • Garden View
  • Porch
  • Combination Dining and Living Room
  • Furnished
  • Cooling System Mounted To A Wall/Window
  • 2-minute walk to Flamingo Park

About This Home

As of December 2024

Welcome to The Gatsby Condo, unit #3, the perfect South Beach retreat! Nestled on the beautiful, tree-lined Meridian Avenue, this furnished studio is a rare gem directly across the street from the vibrant Flamingo Park. Enjoy the parks outdoor workout area, basketball and tennis courts, kids' playground, and a heated swimming pool perfect for laps. This well-designed studio feels much larger than its 400 sqft, offering a spacious and open layout with ample closet space. The kitchen and bathroom have been tastefully updated. Laundry facility onsite plus street parking is a breeze with the city permit parking. There are no planned special assessments and there are no litigations. Attached is the approved Budget and Reserves for 2024.

Last Listed By

Jennifer Brough

Jennifer Homes Realty License #3280325 Listed on: 07/03/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,675

Year Built

  • Built in 1946

HOA Fees

  • $412 Monthly HOA Fees

Home Design

  • Garden Apartment

Interior Spaces

  • 400 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Combination Dining and Living Room
  • Garden Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Shower Only

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Additional Features

  • Porch
  • South Facing Home

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-195-0030

Community Details

Overview

  • 10 Units
  • The Gatsby Condo
  • The Gatsby Condo Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Breed Restrictions

Security

  • Phone Entry
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,675

Year Built

Built in 1946

Lot Details

0

HOA Fees

$412 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1946
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: THE GATSBY CONDO
  • Year Built Details: Effective Year Built
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Furnished: Furnished
  • Living Area: 400
  • Possible Use: Investment
  • Stories: 2
  • Bedroom Features: Entry Level, Primary Bath Shower
  • Dining Room Features: Dining/Living Room
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Garden View
  • Construction Type: Other
  • Direction Faces: South
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: The Gatsby Condo
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Laundry Features: Common Area
  • Security: Complex Fenced, Phone Entry

Condo/Co-op/Association

  • Association Fee: 412
  • Amenities: Laundry
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-195-0030
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 10

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2675

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2024
Closed on
Dec 23, 2024
Sold by
Garcia Osvaldo
Bought by
Nees Invest Llc
Seller's Agent
Jennifer Brough
Jennifer Homes Realty
Buyer's Agent
Brian Paran
Paran International Group
List Price
$210,000
Sold Price
$190,000
Premium/Discount to List
-$20,000
-9.52%
Total Days on Market
131
Views
55
Current Estimated Value
$203,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,956
Avg. Annual Appreciation
27.00%

Purchase Details

Listed on
Jun 22, 2020
Closed on
Apr 9, 2021
Sold by
Habitat Plus Miami Llc
Bought by
Garcia Osvaldo
Seller's Agent
Verlaine Adami
First Pro International Rlty
Buyer's Agent
Andres Blanco
MMLS Assoc.-Inactive Member
List Price
$155,000
Sold Price
$147,000
Premium/Discount to List
-$8,000
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.16%
Original Mortgage
$116,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 8, 2018
Closed on
Dec 17, 2018
Sold by
Gianca Propertis Corp
Bought by
Habitat Plus Miami Llc
Seller's Agent
Paula Flores
Keller Williams Realty Miami Beach
Buyer's Agent
Verlaine Adami
First Pro International Rlty
List Price
$140,000
Sold Price
$110,000
Premium/Discount to List
-$30,000
-21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.56%

Purchase Details

Closed on
Mar 11, 2013
Sold by
Alma Property Inc
Bought by
Gianca Properties Llc

Purchase Details

Closed on
May 26, 2005
Sold by
Roche Eric
Bought by
Alma Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
5.38%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 29, 1996
Sold by
Richard and Fly Gail
Bought by
Galante Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,500
Interest Rate
8.28%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nees Invest Llc $190,000 None Listed On Document
Garcia Osvaldo $145,000 Attorney
Habitat Plus Miami Llc $110,000 Miami Title Group Inc
Gianca Properties Llc $120,000 None Available
Alma Properties Inc $170,000 Miami Legal Title & Mediatio
Galante Robert $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Osvaldo $116,000
Previous Owner Alma Properties Inc $127,500
Previous Owner Galante Robert $531,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $190,000 +10455.6% $475 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
11/01/2024 11/01/24 Rented $1,800 +0.1% --
09/26/2024 09/26/24 Under Contract -- -- --
08/04/2024 08/04/24 For Rent $1,799 0.0% --
07/04/2024 07/04/24 For Sale $210,000 0.0% $525 / Sq Ft
05/11/2024 05/11/24 Rented $1,700 -5.6% --
05/01/2024 05/01/24 Under Contract -- -- --
04/17/2024 04/17/24 Price Changed $1,800 -5.3% $5 / Sq Ft
02/06/2024 02/06/24 For Rent $1,900 +1.3% --
07/09/2023 07/09/23 Rented $1,875 0.0% --
06/28/2023 06/28/23 Under Contract -- -- --
06/20/2023 06/20/23 For Rent $1,875 0.0% --
04/09/2021 04/09/21 Sold $147,000 -1.3% $368 / Sq Ft
02/03/2021 02/03/21 Pending -- -- --
10/29/2020 10/29/20 Price Changed $149,000 0.0% $373 / Sq Ft
07/01/2020 07/01/20 Rented $1,250 0.0% --
06/18/2020 06/18/20 For Sale $155,000 0.0% $388 / Sq Ft
06/08/2020 06/08/20 Price Changed $1,250 -3.8% $3 / Sq Ft
05/14/2020 05/14/20 For Rent $1,300 0.0% --
12/28/2018 12/28/18 Sold $110,000 -15.4% $275 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
11/11/2018 11/11/18 Price Changed $130,000 -7.1% $325 / Sq Ft
09/04/2018 09/04/18 For Sale $140,000 0.0% $350 / Sq Ft
01/30/2018 01/30/18 Rented $1,000 0.0% --
01/16/2018 01/16/18 Under Contract -- -- --
01/12/2018 01/12/18 For Rent $1,000 0.0% --
01/09/2018 01/09/18 Under Contract -- -- --
12/27/2017 12/27/17 Price Changed $1,000 -9.1% $3 / Sq Ft
12/12/2017 12/12/17 Price Changed $1,100 -8.3% $3 / Sq Ft
11/28/2017 11/28/17 For Rent $1,200 0.0% --
11/22/2017 11/22/17 Under Contract -- -- --
11/21/2017 11/21/17 For Rent $1,200 +4.3% --
12/01/2015 12/01/15 Rented $1,150 0.0% --
11/01/2015 11/01/15 Under Contract -- -- --
10/07/2015 10/07/15 For Rent $1,150 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

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 $2,675 $150,409 -- --
2023 $2,675 $136,736 $0 $0
2022 $2,336 $124,306 $0 $0
2021 $2,356 $116,160 $0 $0
2020 $2,284 $139,200 $0 $0
2019 $1,860 $96,000 $0 $0
2018 $2,416 $128,462 $0 $0
2017 $2,317 $117,757 $0 $0
2016 $2,079 $107,052 $0 $0
2015 $1,928 $97,320 $0 $0
2014 $1,977 $97,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11618153

MIAMI REALTORS® MLS

APN: 02-4203-195-0030