by RH Advisors

Check Availability
$4,750,000
House - In Contract

115 1st Rivo Alto Ter

Miami Beach, FL 33139
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2743 Sqft
$27,142
Estimated Monthly
$0
HOA / Fees
1.13%
Cap Rate

About This Property

Venetian Islands gem! Behind stately gates, this 2-story Mediterranean home seamlessly blends classic sophistication with modern style. Boasting exquisite details, including rotunda windows, a winding staircase, and a marble fireplace. The chef's kitchen features a Miele stove, a double fridge, and a wine cooler. Enjoy abundant natural light in formal and informal living areas, merging seamlessly through big, beautiful windows. Three bedrooms with en-suite baths offer a perfect retreat. Step into an ultra-private backyard oasis with a covered terrace, oversized pool, and outdoor shower.
Unit Size
2,743Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$1,732
Property Type
House
Property Taxes
$3,819
HOA Dues
-
Year Built
1937
Last updated: 15 days ago (Miami MLS #A11491432)

Price History

Date / Event Date Event Price
Apr 15, 2024 In contract -
In contract
Feb 23, 2024 Price Decreased $4,750,000
↓ $250K (5%)
Price Decreased
Jan 16, 2024 Price Decreased $5,000,000
↓ $470K (8.6%)
Price Decreased
Nov 28, 2023 Listed by Douglas Elliman $5,470,000
Listed by Douglas Elliman
May 19, 2021 Sold to Alexander Drosin, Kathleen ... $2,803,500
Sold to Alexander Drosin, Kathleen ...
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace
Parking Details
Has Carport
Has Open Parking
Parking Features: Attached Carport, Driveway
Carport Spaces: 1
Covered Parking Spaces: 1
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 3
Master Bathroom Features: Shower Only

Bedroom Information

Bedrooms: 3
Bedroom Features: Other

Interior Information

Interior Features: Built-in Features, Walk-In Closet(s), Florida Room
Appliances: Dishwasher, Disposal, Other Equipment/Appliances, Gas Range
Flooring Type: Wood
Door Features: High Impact Doors

Room Information

Dining Room Features: Eat-In Kitchen, Formal Dining
Living Room Features: Florida Room

Fireplace Information

Has Fireplace
Fireplace Features: Fireplace

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: E
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 600
  • Total Building Area: 3,268
  • Gross Building Area: 3,268
  • Building Area: 2,743
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,743
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVO ALTO AMD
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIVO ALTO AMD PB 7-74 LOT 7 BLK 6 AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE 60.000 X 125 OR 21507-1315 0703 4 COC 22820-0696 11 2004 1

Ownership

  • Current Owner : DROSIN ALEXANDER
  • Current Owner 2: HORNE KATHLEEN
  • Previous Owner : GOLDEN LORRAINE
  • Previous Owner 2: GOLDEN LORRAINE
  • Owner Before Previous Owner: KELLEY ROBERT
  • Owner Before Previous Owner 2: DAIDONE GLENN V
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004102

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 183
  • District: 02
  • Parcel: 02-3233-001-0800
  • Block: 6
  • Lot: 7
  • Meridian: SEC 33 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7895
  • Longitude: -80.1551

    Address

  • Full Address: 115 1st Rivo Alto Ter
  • Address - House Number: 115
  • Address - Street Name: 1st Rivo Alto
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 1203
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 2,712
  • Tax Year: 2023
  • Tax Amount: $45,823
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1819
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 3,956,017
  • High Value: 4,675,868
  • Low Value: 3,236,165

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,242,800
  • First Open Lien Mortgage Lender: SILICON VALLEY BANK
  • First Open Lien Mortgage Recording Date: May 19, 2021
  • First Open Lien Mortgage Loan Amount: $2,242,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $2,726,008
  • Market Land Value: $1,687,800
  • Market Improvement Value: $1,038,208

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,466,077

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 10, 2021
  • Current Sale Recording Date: May 19, 2021
  • Current Sale Transaction ID: 11837301356
  • Current Sale Price: $2,803,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0352995
  • Previous Sale Recording Date: Nov 15, 2004
  • Previous Sale Contract Date: Nov 09, 2004
  • Previous Sale Amount: $1,382,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SILICON VALLEY BANK
  • First Mortgage Transaction Date: May 19, 2021
  • First Mortgage Loan Amount: $2,242,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
4 Baths
2,403 ft²
$2,164/ft²
$5,200,000 Jan 10, 2023
$5,200,000 Oct 13, 2023
$197/mo
Condo
3 Beds
4 Baths
2,691 ft²
$1,630/ft²
$4,387,500 Nov 8, 2023
$4,387,500 Apr 3, 2024
$7,952/mo
House
4 Beds
4 Baths
3,353 ft²
$1,491/ft²
$5,000,000 Oct 27, 2023
$5,000,000 Feb 27, 2024
$526/mo
Condo
3 Beds
5 Baths
2,250 ft²
$2,067/ft²
$4,650,000 Aug 25, 2023
$4,650,000 Dec 29, 2023
$8,247/mo
Condo
4 Beds
5 Baths
2,974 ft²
$1,244/ft²
$3,700,000 Apr 21, 2023
$3,700,000 Oct 27, 2023
$4,195/mo
Condo
2 Beds
3 Baths
2,550 ft²
$1,882/ft²
$4,800,000 May 24, 2023
$4,800,000 Nov 6, 2023
$7,386/mo
House
3 Beds
3 Baths
2,344 ft²
$2,410/ft²
$5,650,000 Mar 11, 2024
-
$3,604/mo
House
3 Beds
3 Baths
2,003 ft²
$2,144/ft²
$4,295,000 Jan 10, 2024
-
$2,461/mo
House
3 Beds
3 Baths
3,316 ft²
$1,206/ft²
$3,999,999 Dec 5, 2023
-
$3,268/mo
House
4 Beds
4 Baths
3,281 ft²
$1,280/ft²
$4,199,000 Sep 5, 2023
-
$917/mo
Condo
3 Beds
4 Baths
2,613 ft²
$1,722/ft²
$4,500,000 Nov 14, 2023
-
$1,934/mo
House
4 Beds
5 Baths
2,376 ft²
$2,395/ft²
$5,690,000 Feb 10, 2024
-
$2,566/mo

About Venetian Islands


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Frequently Asked Questions

When was property at 115 1st Rivo Alto Terrace built and last sold?
The property at 115 1st Rivo Alto Terrace was built in 1937 and last sold on May 10, 2021 for $2,803,500.
How much is this home worth?
The estimated value of the home located at 115 1st Rivo Alto Terrace is $4,737,012.
What are some comparable homes to 115 1st Rivo Alto Terrace?
Homes that are comparable to 115 1st Rivo Alto Terrace include a house property at 238 East San Marino Drive, 114 1st Rivo Alto Terrace, 107 West Rivo Alto Drive.

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