NOT LISTED FOR SALE

Estimated Value: $797,176 - $992,000

-- Bed
1 Bath
600 Sq Ft
$1,105/mo HOA Fee

Last Sold March 20, 2024

Last sale price $930,000 $1,550 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $6,679/month

134 Days on Market

Highlights

  • Valet Parking
  • Ocean Front
  • Clubhouse
  • North Beach Elementary School Rated A-
  • Private Guards
  • 3-minute walk to Collins Park

About This Home

As of March 2024

Modern oceanfront studio with a private balcony, offering stunning views of the 1 Hotel pool and ocean. Revel in the modern Italian designer kitchen, Sub-Zero appliances, and a stylish bathroom. Enjoy ample closet space, washer-dryer, and a chic, functional floor plan. Rent includes, cable, WiFi, water, and valet with 1 parking spot. As a Roney Palace resident, indulge in 1 Hotel's amenities: 3 oceanfront pools, a hot tub, beach service, and delectable dining options like Habitat, STK South Beach, Plnthouse, and Watr at the Rooftop. Stay fit with SoulCycle, Anatomy Gym, and pamper yourself at the spa, salon, or fashion boutiques. Live the South Beach dream in this extraordinary haven!

Last Listed By

David Sotolongo

XLS Realty LLC License #3255010 Listed on: 11/06/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,858

Year Built

  • Built in 1926

Lot Details

  • Ocean Front

HOA Fees

  • $1,105 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking

Property Views

Home Design

  • Condo Hotel

Interior Spaces

  • 600 Sq Ft Home
  • Tile Flooring
  • Video Cameras

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • Closet Cabinetry
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access

Schools

  • North Miami Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 02-32-26-043-1410

Community Details

Overview

  • High-Rise Condominium
  • Roney Palace Condos
  • Roney Palace Condo Subdivision
  • 17-Story Property

Amenities

  • Valet Parking
  • Trash Chute
  • Clubhouse
  • Laundry Facilities
  • Secure Lobby

Recreation

Pet Policy

  • Breed Restrictions

Security

  • Private Guards
  • Secure Elevator
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,858

Year Built

Built in 1926

Lot Details

0

HOA Fees

$1,105 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1926
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: Located directly on Collins Avenue, Roney Palace is a short walk to Lincoln Road, entertainment, shops, restaurants, bars, clubs and other luxury hotels. Trader Joe’s, Publix and Fresh Market within one mile. 24/7 Walgreen’s across the street.
  • Entry Level: 15
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: RONEY PALACE CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Closet Cabinetry
  • Full Bathrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 600
  • Possible Use: Investment
  • Stories: 17
  • Window Features: High Impact Windows, Impact Glass
  • Bedroom Features: Entry Level
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Ocean View, Direct Ocean, Pool Area View
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Roney Palace
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Security: Smoke Detector, Elevator Secure, Secured Garage/Parking, Lobby Secured, Private Guards, TV Camera

Condo/Co-op/Association

  • Association Fee: 1105
  • Amenities: Clubhouse-Clubroom, Laundry, Heated Pool, Private Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: North Miami
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-26-043-1410
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5858

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2023
Closed on
Mar 20, 2024
Sold by
D & M Miami Llc
Bought by
Brandenburg Kristen and Jackson David
Seller's Agent
David Sotolongo
XLS Realty LLC
Buyer's Agent
David Sotolongo
XLS Realty LLC
List Price
$995,000
Sold Price
$930,000
Premium/Discount to List
-$65,000
-6.53%
Total Days on Market
134
Views
54
Current Estimated Value
$893,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,206
Avg. Annual Appreciation
-3.55%
Original Mortgage
$744,000
Outstanding Balance
$734,657
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$159,137

Purchase Details

Closed on
Jun 19, 2017
Sold by
South Beach Rent Llc
Bought by
D & M Miami Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 9, 2016
Closed on
May 16, 2016
Sold by
Durkin Beth
Bought by
South Beah Rent Llc
Seller's Agent
Franck Dossa
Plaza Brickell International Realty
Buyer's Agent
Olena Bondarchuk
Related ISG Realty, LLC.
Sold Price
$2,900

Purchase Details

Listed on
Jul 3, 2014
Closed on
Jan 6, 2015
Sold by
Ajir Mehri
Bought by
Durkin Beth
Seller's Agent
Catalina Tirado
Howard Chase Real Estate, LLC
Buyer's Agent
Harry Baxter
Fortune Christie's International Real Estate
List Price
$475,000
Sold Price
$495,000
Premium/Discount to List
$20,000
4.21%

Home Financials for this Owner

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

Purchase Details

Listed on
Dec 31, 2012
Closed on
Nov 8, 2013
Sold by
Olin David
Bought by
Ajir Mehri
Seller's Agent
Aaron Bleetstein
XLS Realty LLC
Buyer's Agent
Aaron Bleetstein
XLS Realty LLC
List Price
$490,000
Sold Price
$418,000
Premium/Discount to List
-$72,000
-14.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.99%

Purchase Details

Closed on
Nov 14, 2001
Sold by
Rodney Morillo I
Bought by
Olin David

Purchase Details

Closed on
Oct 7, 1999
Sold by
Guillen Marvin and Delcastillo Vilma Del
Bought by
Morillo Rodney and Morillo Rene

Purchase Details

Closed on
May 7, 1998
Sold by
City National Bank Tr
Bought by
Guillen Marvin and Guillen Del Castillo

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
Brandenburg Kristen $930,000 None Listed On Document
D & M Miami Llc $450,000 A-1 Title & Escrow Inc
South Beah Rent Llc -- Attorney
Durkin Beth $495,000 Attorney
Ajir Mehri $418,000 Attorney
Olin David $200,000 --
Morillo Rodney $145,000 --
Guillen Marvin $107,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brandenburg Kristen $744,000
Previous Owner U & M Miami Llc $412,500
Previous Owner D & M Miami Llc $350,000
Previous Owner Olin David G $318,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2024 03/20/24 Sold $930,000 0.0% $1,550 / Sq Ft
01/24/2024 01/24/24 Off Market $930,000 -- --
11/06/2023 11/06/23 For Sale $995,000 0.0% $1,658 / Sq Ft
08/27/2021 08/27/21 Rented $5,263 +31.6% --
08/19/2021 08/19/21 Price Changed $4,000 -11.1% $7 / Sq Ft
08/06/2021 08/06/21 Price Changed $4,500 -25.0% $8 / Sq Ft
04/26/2021 04/26/21 Price Changed $6,000 +20.0% $10 / Sq Ft
10/05/2020 10/05/20 Price Changed $5,000 +42.9% $8 / Sq Ft
09/15/2020 09/15/20 Price Changed $3,500 +4.5% $6 / Sq Ft
07/24/2020 07/24/20 Price Changed $3,350 -4.3% $6 / Sq Ft
07/11/2020 07/11/20 Price Changed $3,500 -11.4% $6 / Sq Ft
06/27/2020 06/27/20 Price Changed $3,950 -1.3% $7 / Sq Ft
06/18/2020 06/18/20 Price Changed $4,000 +14.3% $7 / Sq Ft
03/30/2020 03/30/20 Price Changed $3,500 -30.0% $6 / Sq Ft
03/11/2020 03/11/20 Price Changed $5,000 -16.7% $8 / Sq Ft
02/20/2020 02/20/20 For Rent $6,000 +106.9% --
06/13/2016 06/13/16 Rented $2,900 -3.3% --
05/06/2016 05/06/16 For Rent $3,000 0.0% --
01/06/2015 01/06/15 Sold $495,000 0.0% $825 / Sq Ft
11/17/2014 11/17/14 Price Changed $495,000 +4.2% $825 / Sq Ft
11/14/2014 11/14/14 For Sale $475,000 -4.0% $792 / Sq Ft
07/08/2014 07/08/14 Off Market $495,000 -- --
07/03/2014 07/03/14 For Sale $475,000 +13.6% $792 / Sq Ft
11/17/2013 11/17/13 Sold $418,000 -6.9% $697 / Sq Ft
08/22/2013 08/22/13 Price Changed $449,000 -2.4% $748 / Sq Ft
04/25/2013 04/25/13 Price Changed $460,000 +19.8% $767 / Sq Ft
02/05/2013 02/05/13 Price Changed $384,000 -21.6% $640 / Sq Ft
12/31/2012 12/31/12 For Sale $490,000 -- $817 / 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 $7,019 $371,308 -- --
2023 $7,019 $337,553 $0 $0
2022 $5,858 $306,867 $0 $0
2021 $5,386 $278,970 $0 $0
2020 $5,504 $328,200 $0 $0
2019 $4,557 $235,174 $0 $0
2018 $6,700 $356,324 $0 $0
2017 $7,135 $374,683 $0 $0
2016 $8,270 $425,776 $0 $0
2015 $6,249 $315,390 $0 $0
2014 $6,408 $315,390 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11481970

MIAMI REALTORS® MLS

APN: 02-3226-043-1410