$437,500
$450,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
410 SqFt
SOLD DATE : 04/22/2024
Key Details
Sold Price $437,500
Property Type Condo
Sub Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 410 sqft
Price per Sqft $1,067
Subdivision Ocean Walk On South Beach
MLS Listing ID F10428272
Sold Date 04/22/24
Style Condo 1-4 Stories
Bedrooms 1
Full Baths 1
Construction Status Resale
HOA Fees $687/mo
HOA Y/N Yes
Year Built 1939
Annual Tax Amount $4,846
Tax Year 2022
Property Description
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).
Location
State FL
County Miami-dade County
Building/Complex Name Ocean Walk On South Beach
Rooms
Bedroom Description Master Bedroom Ground Level
Interior
Interior Features Pantry
Heating Central Heat
Cooling Central Cooling
Flooring Laminate
Equipment Dishwasher, Disposal, Electric Range, Refrigerator
Exterior
Exterior Feature None
Amenities Available Common Laundry, Pool
Waterfront Description Ocean Front
Water Access Y
Water Access Desc None
Private Pool No
Building
Unit Features Ocean View
Foundation Concrete Block Construction
Unit Floor 1
Construction Status Resale
Others
Pets Allowed Yes
HOA Fee Include 687
Senior Community No HOPA
Restrictions Daily Rentals Ok
Security Features Lobby Secured,Tv Camera
Acceptable Financing Cash, Conventional
Membership Fee Required No
Listing Terms Cash, Conventional
Pets Allowed No Restrictions
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