NOT LISTED FOR SALE

Estimated Value: $1,257,000 - $1,543,000

1 Bed
1.5 Baths
960 Sq Ft
$1,080/mo HOA Fee

Last Sold July 31, 2020

Last sale price $677,500 $706 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $9,997/month

197 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Bar or Lounge
  • North Beach Elementary School Rated A-
  • Community Cabanas
  • 3-minute walk to Collins Park

About This Home

As of July 2020

Lower Penthouse loft. Trendy and stylish furnishings. High Ceilings with amazing views of beach and city. Facing South. Large balcony overlooking the pool and beach. Open Floor plan. This large 1 bedroom unit is converted to a stylish open loft space. The Roney Palace is undergoing substantial renovations and shares amenities with the 5-star 1 Hotel. Amenities include 3 pools, restaurants, retail, gym, Lots of open space and 600 Ft of beach. Resort living at an affordable price in the heart of South Beach.

Last Listed By

Farid Moussallem

Douglas Elliman License #0705303 Listed on: 12/18/2019

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,947

Year Built

  • Built in 1926 | Remodeled

Lot Details

  • Ocean Front
  • Southeast Facing Home

HOA Fees

  • $1,080 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 960 Sq Ft Home
  • Furnished
  • Built-In Features
  • Vaulted Ceiling
  • Drapes & Rods
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 1 Bedroom
  • Sitting Area In Primary Bedroom
  • Shower Only

Home Security

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Patio

Location

  • East of U.S. Route 1

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 02-32-26-043-0410

Community Details

Overview

  • 564 Units
  • Club Membership Available
  • Roney Palace Condo
  • Roney Palace Condo Subdivision
  • 17-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Trash Chute
  • Bar or Lounge
  • Laundry Facilities
  • Elevator

Recreation

  • Community Playground
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Security

  • Card or Code Access
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,947

Year Built

Built in 1926 | Remodeled

Lot Details

0

HOA Fees

$1,080 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1926
  • Property Sub Type: Condominium
  • Co List Office Mls Id: COMP01
  • Co List Office Phone: 305-851-2820
  • Entry Level: 16
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access, Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: RONEY PALACE CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven
  • Interior Amenities: Lobby, Built-in Features, Other, Volume Ceilings
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Marble, Wood
  • Furnished: Furnished, Unfurnished, Turn Key Furnished
  • Living Area: 960
  • Possible Use: Unknown/Withheld
  • Stories: 17
  • Window Features: Clear Impact Glass, Complete Impact Glass, Drapes, High Impact Windows
  • Bedroom Features: Sitting Area - Master Bedroom, Other
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen, Other
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Ocean View, Pool Area View, Skyline
  • Exterior Features: East Of Us1, Other
  • Construction Type: CBS Construction
  • Direction Faces: Southeast
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: RONEY PALACE CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Valet, Limited # Of Vehicle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Laundry Features: Common Area
  • Security: Smoke Detector, Doorman, Card Entry, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 1080
  • Amenities: Bar, Barbecue, Cabana, Laundry, Elevator(s), Exercise Room, Heated Pool, Exterior Lighting, Other, Other Membership Available, Child Play Area, Pool, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-26-043-0410
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Multi Family

  • Maintenance Expense: 1080
  • Number Of Units In Community: 564
  • Number Of Units Total: 564

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 11947

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2019
Closed on
Jul 27, 2020
Sold by
Sipp Milton and Swaminathan Anitra
Bought by
Rayman Christine A and The Bohien Family Trust
Seller's Agent
Farid Moussallem
Douglas Elliman
Buyer's Agent
Farid Moussallem
Douglas Elliman
List Price
$850,000
Sold Price
$677,500
Premium/Discount to List
-$172,500
-20.29%
Total Days on Market
197
Current Estimated Value
$1,361,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$683,626
Avg. Annual Appreciation
15.07%

Purchase Details

Closed on
Jun 29, 2007
Sold by
Pearce Sheldon and Beltran Edwin
Bought by
Sipp Milton and Swaminathan Anitra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,900
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2007
Sold by
Liquid Blue Productions Inc
Bought by
Pearce Sheldon and Beltran Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,900
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2004
Sold by
Liquid Blue Productions Inc
Bought by
Beltran Edwin and Pearce Sheldon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
5.62%
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
Rayman Christine A $677,500 Attorney
Sipp Milton $670,000 Attorney
Beltran Edwin $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sipp Milton $416,900
Previous Owner Beltran Edwin $344,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $677,500 -20.3% $706 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
12/17/2019 12/17/19 For Sale $850,000 -- $885 / 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 $15,845 $830,319 -- --
2023 $15,845 $754,836 $0 $0
2022 $13,103 $686,215 $0 $0
2021 $12,045 $623,832 $0 $0
2020 $13,484 $708,900 $0 $0
2019 $12,444 $668,757 $0 $0
2018 $11,046 $619,219 $0 $0
2017 $11,052 $517,886 $0 $0
2016 $10,736 $470,806 $0 $0
2015 $10,116 $428,006 $0 $0
2014 $9,076 $389,097 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A10784609

MIAMI REALTORS® MLS

APN: 02-3226-043-0410