See Home Value
$3,204,446*
House - Off Market

118 E 3rd Ct

Miami Beach, FL 33139
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2794 Sqft
$2,183,000 - $2,667,000
Reference Base Price*
32.14%
Since Sep 1, 2021
FL-Miami
Primary Model
Sold Dec 16, 2021
$2,375,000
$1,900,000 by Loandepotcom Llc
Mortgage Due Dec 01, 2051
Sold Jun 10, 2021
$2,250,000

About This Property

Hibiscus Island is one of the most exclusive and private islands in Miami Beach - located only minutes away from Miami Beach, Downtown, Brickell, and Wynwood. This 4 bedroom/4 bathroom home sits on a large 9,750 sq ft lot with beautiful landscaping and plenty of space for privacy. Neighborhood is 24/7 guard-gated - surrounded by beautiful water with it's own private park, basketball and tennis courts. It's also close to great schools, shops, restaurants, bars, etc. Move in right away and enjoy "as is" or build your dream home! Build up to a 4,875 sq ft home with views of the ocean and rooftop terrace.

The manager has listed the unit size as 2794 square feet.
Unit Size
2,794Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$868
Property Type
House
Property Taxes
$2,364
HOA Dues
-
Year Built
1941

Price History

Date / Event Date Event Price
Dec 16, 2021 Sold to Eren Spring $2,375,000
Sold to Eren Spring
Aug 10, 2021 No longer available -
No longer available
Jul 10, 2021 Price Decreased $2,425,000
↓ $70K (2.8%)
Price Decreased
Jun 17, 2021 Listed $2,495,000
Listed
May 29, 2021 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 780
  • Total Building Area: 2,794
  • Gross Building Area: 2,794
  • Building Area: 2,517
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,517
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIBISCUS ISLAND RESUB
  • Land Acres: 0.224
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIBISCUS ISLAND RESUB PB 34-87 LOT 4 BLK I LOT SIZE 78.000 X 125 OR 17498-1018 0197 1 COC 23079-0098 02 2005 6

Ownership

  • Current Owner : SPRING EREN
  • Previous Owner : LARAMAR HOLDINGS LLC
  • Owner Before Previous Owner: GREAT WATER HIBISCUS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 182
  • District: 02
  • Parcel: 02-3232-005-0140
  • Block: I
  • Lot: 4
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7821
  • Longitude: -80.1581

    Address

  • Full Address: 118 E 3rd Ct
  • Address - House Number: 118
  • Street Direction: E
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ct
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5111
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 2,656
  • Tax Year: 2023
  • Tax Amount: $52,142
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.0941
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 91
  • Final Value: 2,296,132
  • High Value: 2,512,403
  • Low Value: 2,079,861

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,900,000
  • First Open Lien Mortgage Lender: LOANDEPOTCOM LLC
  • First Open Lien Mortgage Recording Date: Dec 16, 2021
  • First Open Lien Mortgage Loan Amount: $1,900,000
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $2,755,569
  • Market Land Value: $2,028,000
  • Market Improvement Value: $727,569

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,398,588

    Sales

  • Current Sale Contract Date: Nov 17, 2021
  • Current Sale Recording Date: Dec 16, 2021
  • Current Sale Transaction ID: 11877222088
  • Current Sale Price: $2,375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 942030
  • Previous Sale Recording Date: Jun 10, 2021
  • Previous Sale Contract Date: Jun 03, 2021
  • Previous Sale Amount: $2,250,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOTCOM LLC
  • First Mortgage Transaction Date: Dec 16, 2021
  • First Mortgage Loan Amount: $1,900,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
2,741 ft²
$874/ft²
$2,395,000 Nov 5, 2022
-
$3,883/mo
House
3 Beds
3 Baths
2,462 ft²
$1,076/ft²
$2,650,000 Apr 6, 2022
-
$1,776/mo
Condo
3 Beds
3 Baths
2,388 ft²
$953/ft²
$2,275,000 Dec 31, 2022
-
$4,058/mo
Condo
3 Beds
2.5 Baths
2,010 ft²
$1,306/ft²
$2,625,000 Dec 8, 2022
-
$5,068/mo
Condo
2 Beds
3.5 Baths
1,919 ft²
$1,199/ft²
$2,300,000 Jul 14, 2022
-
$4,341/mo
Condo
2 Beds
2.5 Baths
1,733 ft²
$1,327/ft²
$2,300,000 Oct 8, 2022
-
$782/mo
Condo
2 Beds
2.5 Baths
1,771 ft²
$1,581/ft²
$2,800,000 Nov 3, 2022
-
$7,039/mo
Condo
2 Beds
2.5 Baths
1,324 ft²
$1,737/ft²
$2,300,000 Dec 1, 2022
-
$4,554/mo
House
Stu
-
-
$2,700,000 Nov 16, 2022
-
$1,617/mo
Quadruplex
Stu
-
4,952 ft²
$394/ft²
$1,950,000 Jul 22, 2022
-
$486/mo
Land
Loft
-
-
$1,950,000 Feb 8, 2022
-
$486/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 118 East 3rd Court built and last sold?
The property at 118 East 3rd Court was built in 1941 and last sold on Nov 17, 2021 for $2,375,000.
How much is this home worth?
The estimated value of the home located at 118 East 3rd Court is $2,802,756.
What are some comparable homes to 118 East 3rd Court?
There are currently no comparable homes to 118 East 3rd Court.

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