Unit in Ocean Walk On South Beach Sold
Property Details
| Sold Price | $437,500 |
|---|---|
| Last Asking Price | $450,000 |
| Price per SqFt | $1,067 |
| Maintenance Fee | $687 Monthly |
| Property Taxes | $4,846 2022 |
| Interior Space | 410 SqFt |
| Beds/Baths | 1/1 |
| Year Built | 1939 |
| Closed Date | 4/22/2024 |
| MLS # | F10428272 |
From the listing
INVESTMENT...LOCATION... Great investment opportunity with a legal AirBnB permit in South Point with a private pool and beach access with lounge chairs and umbrellas. The building, built as the first hotel in the area, has a grandfathered permit to rent daily, which presents an opportunity for 10%+ CAP rate, combined with low monthly fees. Location is unbeatable; right in the coveted South Point area within a short walk from all of the desired restaurants and bars, without ever needing a car. This is a part of an investment portfolio sale, please inquire about the other prime units in the building (239 and 328).
Listed by E PRO Realty
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $687 a month; taxes $4,846 for 2022. MLS figures, which may not be accurate.
Sales History for This Unit · Unit in Ocean Walk On South Beach
Sales history is unavailable for this property
What Other Units Have Been Selling For at Ocean Walk On South Beach
3 units sold at Ocean Walk On South Beach in the last 12 months at an average of $1,136/SqFt
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 239 | $499,000$1,217/SqFt | 95% | 5/22/26 |
| 122 | $410,000$1,000/SqFt | 96% | 5/8/26 |
| 139 | $445,000$1,085/SqFt | 100% | 7/7/25 |
| 119 | $350,000$854/SqFt | 100% | 2/15/23 |
| 339 | $547,000$1,152/SqFt | 100% | 5/11/22 |
| 228 | $350,000$854/SqFt | 97% | 10/1/21 |
| 214 | $345,000$841/SqFt | 93% | 8/19/21 |
| 132 | $392,000$956/SqFt | 92% | 3/8/21 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by E PRO Realty. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
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Unit in Ocean Walk On South Beach · MLS F10428272 · Sold Apr 2024
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.
More at Ocean Walk On South Beach
At Ocean Walk On South Beach, 5 units are for sale and 3 sold in the last 12 months at an average of $1,136 per SqFt. Unit F10428272 sold at $1,067 per SqFt, below the building's average at the time. Figures compiled by Mark Zilbert, a Miami Beach real estate agent with ONE Sotheby's International Realty, from MLS records.