NOT LISTED FOR SALE

Estimated Value: $384,000 - $448,000

1 Bed
1 Bath
410 Sq Ft
$481/mo HOA Fee

Last Sold August 19, 2021

Last sale price $345,000 $841 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,364/month

7 Days on Market

Highlights

  • Ocean Front
  • Newly Remodeled
  • Deck
  • South Pointe Elementary School Rated A-
  • Skyline View
  • 2-minute walk to Marjory Stoneman Douglas Park

About This Home

As of August 2021

Perfect investment property with annual 10%+ ROI. Nightly rentals (Airbnb) allowed. Oceanwalk is located directly at the Ocean in the high desired "South of Fifth" neighborhood in Miami Beach. Many shops, restaurants and Art Deco district on walking distance. Beach chairs and umbrella pass for the Beach offered by management.
This apartment has been rented with a yearly average occupancy rate of 85+%. Easy to show.

Last Listed By

Ted Rover

Bespoke Realty Group Miami, LLC License #3033157 Listed on: 07/16/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,047

Year Built

  • Built in 1939 | Newly Remodeled

HOA Fees

  • Property has a Home Owners Association

Interior Spaces

  • 410 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceramic Tile Flooring
  • Skyline Views
  • Video Cameras

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Cooling Available
  • No Heating
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Deck
  • Ocean Front
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-206-0160

Community Details

Overview

  • Low-Rise Condominium
  • Ocean Walk Condos
  • Ocean Walk On South Beach Subdivision

Amenities

  • Lobby
  • Secure Lobby

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

  • Maintenance Expense $512

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,047

Year Built

Built in 1939 | Newly Remodeled

Lot Details

0

HOA Fees

$481 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1939
  • Property Sub Type: Condominium
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: OCEAN WALK ON SOUTH BEACH
  • Year Built Details: New Construction
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Lobby, Elevator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Floor
  • Furnished: Furnished
  • Living Area: 410
  • Other Equipment: Elevator, Natural Gas
  • Possible Use: Investment
  • Stories: 3
  • Bedroom Features: Entry Level

Exterior Features

  • View: Skyline
  • Exterior Features: East Of Us1
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Ocean Walk
  • Parking Features: None

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: None
  • Heating Yn: No
  • Security: Fire Alarm, Card Entry, Lobby Secured, TV Camera

Condo/Co-op/Association

  • Amenities: Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-206-0160
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Multi Family

  • Maintenance Expense: 512

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4047

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Aug 19, 2021
Sold by
Stepnowksi Alina and Stempnowski Richard
Bought by
Pfeiffer Paulette
Seller's Agent
Ted Rover
Bespoke Realty Group Miami, LLC
Buyer's Agent
Judith Puknat
The Corcoran Group
List Price
$369,000
Sold Price
$345,000
Premium/Discount to List
-$24,000
-6.5%
Total Days on Market
7
Current Estimated Value
$426,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,272
Avg. Annual Appreciation
5.90%

Purchase Details

Closed on
Jul 20, 2010
Sold by
Stempnowski Alina
Bought by
Stempnowski Alina and Stempnowski Richard

Purchase Details

Closed on
Jun 11, 2010
Sold by
Giardini Ocean Walk Llc
Bought by
Stempnowski Alina

Purchase Details

Closed on
Jul 12, 2006
Sold by
Giardini Victor and Giardini Cheryl
Bought by
Giardini Ocean Walk Llc

Purchase Details

Closed on
Oct 20, 2004
Sold by
Hernandez Fumero Mario and Hernandez Fumero Eyda
Bought by
Giardini Victor and Giardini Cheryl

Purchase Details

Closed on
Sep 12, 1996
Sold by
Sna Inc
Bought by
Fernandez Fumer Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
8.21%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
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
Pfeiffer Paulette $345,000 Attorney
Stempnowski Alina -- Ewm Title
Stempnowski Alina $118,500 Columbia Title Of Fl Inc
Giardini Ocean Walk Llc -- None Available
Giardini Victor $155,000 --
Fernandez Fumer Mario $128,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fernandez Fumer Mario $60,000
Previous Owner Fernandez Fumer Mario $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2024 06/09/24 Price Changed $430,000 -2.3% $1,049 / Sq Ft
05/07/2024 05/07/24 Price Changed $440,000 -2.2% $1,073 / Sq Ft
04/27/2024 04/27/24 For Sale $450,000 +30.4% $1,098 / Sq Ft
08/19/2021 08/19/21 Sold $345,000 -6.5% $841 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $369,000 0.0% $900 / Sq Ft
06/15/2016 06/15/16 Rented $1,800 0.0% --
05/06/2016 05/06/16 For Rent $1,800 -- --
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 $6,049 $331,171 -- --
2023 $6,049 $314,041 $0 $0
2022 $5,364 $285,492 $0 $0
2021 $4,697 $210,607 $0 $0
2020 $4,484 $300,518 $0 $0
2019 $4,047 $268,320 $0 $0
2018 $3,647 $257,904 $0 $0
2017 $3,373 $143,849 $0 $0
2016 $3,156 $130,772 $0 $0
2015 $2,619 $118,884 $0 $0
2014 $2,447 $108,077 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11071795

MIAMI REALTORS® MLS

APN: 02-4203-206-0160