NOT LISTED FOR SALE

The Presidential 401 Ocean Dr Unit 501 Miami Beach, FL 33139

South Pointe Neighborhood

Estimated Value: $450,514

1 Bed
1 Bath
667 Sq Ft
$464/mo HOA Fee

Last Sold March 16, 2022

Last sale price $310,000 $465 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,438/month

169 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Skyline View
  • South Pointe Elementary School Rated A-
  • Intercom to Front Desk
  • 3-minute walk to Marjory Stoneman Douglas Park

About This Home

As of March 2022

Prices to sell on Ocean Dr. 1/1 Condo on South Beach with direct access to the beach South of Fifth. Pool overlooking the ocean. Walking distance to the Best Miami Beach Restaurants just blocks away: Prime One Twelve, Joe’s Stone Crab, Milos, Red, Smith & Wollensky, Prime Italian, Fogo de Chao, Santorini. New hurricane impact windows. LOW MAINTENANCE (basic cable included). Make this your beach oasis.
Complete remodeling in progress assessment has been paid

Last Listed By

Melissa Lorenzo

Lexan Real Estate, LLC License #0665358 Listed on: 09/10/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,803

Year Built

  • Built in 1970

Lot Details

HOA Fees

  • $464 Monthly HOA Fees

Interior Spaces

  • 667 Sq Ft Home
  • Custom Mirrors
  • Furniture for Sale
  • Vertical Blinds
  • Drapes & Rods
  • Electric Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Parking

  • Automatic Garage Door Opener
  • Secured Garage or Parking

Outdoor Features

  • Property has ocean access
  • Balcony

Schools

  • South Pointe Elementary School
  • Feinberg-Fisher K8 Middle School
  • Miami Beach High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-120-0650

Community Details

Overview

  • Mid-Rise Condominium
  • The Presidential Condos
  • The Presidential Condo Subdivision
  • 11-Story Property

Amenities

  • Doorman
  • Trash Chute
  • Clubhouse
  • Billiard Room
  • Laundry Facilities
  • Intercom to Front Desk
  • Elevator
  • Community Storage Space

Recreation

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Card or Code Access
  • Phone Entry
  • Complex Is Fenced
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,803

Year Built

Built in 1970

Lot Details

0

HOA Fees

$464 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 5
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE PRESIDENTIAL CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Electric Range, Refrigerator
  • Interior Amenities: Custom Mirrors, Walk-In Closet(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Carpet, Tile
  • Furnished: Furniture For Sale
  • Living Area: 667
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Stories: 11
  • Window Features: Drapes, Verticals
  • Bedroom Features: Entry Level

Exterior Features

  • View: Skyline
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Complex Fenced, Doorman, Card Entry, Phone Entry, Fire Alarm, Secured Garage/Parking, Intercom In Lobby

Condo/Co-op/Association

  • Association Fee: 464
  • Amenities: Billiard Room, Clubhouse-Clubroom, Laundry, Elevator(s), Storage, Exterior Lighting, Pool, 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: Feinberg-Fisher K8

Lot Info

  • Parcel Number: 02-42-03-120-0650
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No, Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 464

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1803

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

Mortgage History

Date Status Borrower Loan Amount
Closed Patane Alfio $232,500
Closed Comesana Estrella $367,500
Closed Comesana Estrella $90,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2022 03/16/22 Sold $310,000 -22.3% $465 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
08/24/2021 08/24/21 For Sale $399,000 -- $598 / Sq Ft
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 $5,565 $318,859 -- --
2023 $5,565 $335,641 $0 $0
2022 $1,854 $139,883 $0 $0
2021 $1,832 $135,809 $0 $0
2020 $1,803 $133,934 $0 $0
2019 $1,747 $130,923 $0 $0
2018 $1,644 $128,482 $0 $0
2017 $1,619 $125,840 $0 $0
2016 $1,606 $123,252 $0 $0
2015 $1,625 $122,396 $0 $0
2014 $1,650 $121,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Lorenzo

    Seller's Agent in 2022

    Melissa Lorenzo

    Lexan Real Estate, LLC

    (786) 486-7860

    1 in this area

    76 Total Sales

    Melissa Lorenzo
    Section Image

  • M

    Buyer's Agent in 2022

    Maria Cosentini

    MMLS Assoc.-Inactive Member

    (305) 269-9500

    Section Image
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About The Presidential

Map

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Source: MIAMI REALTORS® MLS

MLS Number: A11089370

MIAMI REALTORS® MLS

APN: 02-4203-120-0650

Florida Miami/Dade County Miami Beach 33139 South Pointe

401 Ocean Dr Unit 501, Miami Beach, FL

Homes for Sale in Miami Beach, FL

This home is located at 401 Ocean Dr Unit 501, Miami Beach, FL 33139 since 10 September 2021 and is currently priced at $450,514, approximately $675 per square foot. This property was built in 1970. 401 Ocean Dr Unit 501 is a home located in Miami-Dade County with nearby schools including South Pointe Elementary School, 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.