by RH Advisors

Check Availability
$22,950,000
House - For Sale

124 11th St

Miami Beach, FL 33139
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2458 Sqft
$115,774
Estimated Monthly
$0
HOA / Fees
0.73%
Cap Rate

About This Property

Attention Trophy Property Buyers, now is your opportunity to purchase or rent THE ONLY freestanding residence on the iconic art deco South Beach promenade. This residence was one of the first homes ever built on South Beach. 50FT from Versace Mansion, 200 feet from South Beach & Ocean Drive. This is THE ONLY free standing single-family, 3 story mansion left to acquire that allows both residential & mixed-use commercial. Originally, there were 2 residences that could claim this title, Gianni Versace's mansion residence & 124 11th St., however after Mr. Versace's death, his residence was transformed into a hotel and restaurant. With direct access through two secure gates & a private elevator.
Unit Size
2,458Ft²
Days on Market
77 days
Land Size
-
Price per sqft
$9,337
Property Type
House
Property Taxes
$3,085
HOA Dues
-
Year Built
1920
Last updated: 9 days ago (Beaches MLS #F10424454)

Price History

Date / Event Date Event Price
Feb 9, 2024 Listed by EXP REALTY LLC $22,950,000
Listed by EXP REALTY LLC
Welcome to the PRESTIGIOUS MODERN MIAMI MANSION directly across from the Versace Mansion in Miami Beach. This is the ONLY FREE STANDING RESIDENCE East of Collins Ave in iconic Art Deco, South Beach. Access the residence via 2 secure gates then take your private elevator to the living quarters on the 2nd floor or living room lounge and kitchen on floor 3. The 2nd floor consists of 2 bedrooms. The master bedroom includes 2 queens with lots of natural light. The master also comes equipped…
Apr 21, 2021 Sold to Austin George $2,400,000
Sold to Austin George
Apr 16, 2021 No longer available -
No longer available
Jul 9, 2020 Listed by EXP Realty $2,650,000
Listed by EXP Realty
Aug 2, 2019 No longer available -
No longer available
Show More

Property Highlights

Elevator
Parking Details
Parking Features: None, Other Parking, Street Parking
Interior Details

Bathroom Information

Full Bathrooms: 3
Main Level Bathrooms: 1

Interior Information

Interior Features: First Floor Entry, Bar, Built-Ins, Custom Mirrors, Elevator, Foyer Entry
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Elevator, Microwave, Refrigerator, Self Cleaning Oven, Washer
Flooring Type: Marble Floors, Tile Floors
Dining Room: Breakfast Area, Eat-In Kitchen, Snack Bar/Counter

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 3
  • Living Units: 2
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,300
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 260
  • Total Building Area: 2,458
  • Gross Building Area: 2,458
  • Building Area: 2,458
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,458
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: OCEAN BEACH ADDN NO 2
  • Land Acres: 0.03
  • Standard Land Use Code: Retail/residential (mixed use)
  • State Land Use Code: Rail (right-of-way & track)
  • Legal Description 1: OCEAN BEACH ADDN NO 2 PB 2-56 ELY26FT OF LOT 16 BLK 15 LOT SIZE 26.000 X 50 OR 20606-1556 0802 4 COC 26527-3710 06 2008 4

Ownership

  • Current Owner : GEORGE AUSTIN
  • Previous Owner : ITALIAN STUDIOS LLC
  • Owner Before Previous Owner: SCHELLINO PAOLO
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004404

Zoning

  • Zoning: 6501

Geography

  • Assessors Map Reference: 184
  • District: 02
  • Parcel: 02-3234-008-0270
  • Block: 15
  • Lot: 16
  • Meridian: SEC 34 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7816
  • Longitude: -80.131

    Address

  • Full Address: 124 11th St
  • Address - House Number: 124
  • Address - Street Name: 11th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C018
  • 4-Digit Zip Code: 5005
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 2,259
  • Tax Year: 2023
  • Tax Amount: $37,016
  • Tax Rate Code Area: 200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,800,000
  • First Open Lien Mortgage Lender: FUNDLOANS CAPITAL
  • First Open Lien Mortgage Recording Date: Apr 21, 2021
  • First Open Lien Mortgage Loan Amount: $1,800,000
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $2,000,000
  • Market Land Value: $650,000
  • Market Improvement Value: $1,350,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,000,000
  • Assessed Land Value: $650,000
  • Assessed Improvements Value: $1,350,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 06, 2021
  • Current Sale Recording Date: Apr 21, 2021
  • Current Sale Transaction ID: 11833754085
  • Current Sale Price: $2,400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0274990
  • Previous Sale Recording Date: Aug 15, 2008
  • Previous Sale Contract Date: Jun 17, 2008
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FUNDLOANS CAPITAL
  • First Mortgage Transaction Date: Apr 21, 2021
  • First Mortgage Loan Amount: $1,800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
3 Beds
4 Baths
4,157 ft²
$4,631/ft²
$19,250,000 Sep 22, 2023
$19,250,000 Nov 29, 2023
$25,733/mo
House
5 Beds
6 Baths
5,209 ft²
$3,168/ft²
$16,500,000 Oct 2, 2023
$16,500,000 Jan 17, 2024
$14,060/mo
Condo
3 Beds
4 Baths
4,776 ft²
$4,397/ft²
$21,000,000 May 22, 2023
-
$19,190/mo
Condo
5 Beds
5 Baths
4,378 ft²
$5,254/ft²
$23,000,000 Jan 10, 2024
-
$15,534/mo
Other
Loft
-
-
$20,000,000 Nov 24, 2023
-
-
Commercial
Loft
-
-
$18,500,000 Nov 17, 2023
-
$5,950/mo
Condo
6 Beds
7 Baths
6,206 ft²
$4,028/ft²
$25,000,000 Jun 1, 2022
-
$31,328/mo

About Flamingo - Lummus


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Frequently Asked Questions

When was property at 124 11th Street built and last sold?
The property at 124 11th Street was built in 1920 and last sold on Apr 6, 2021 for $2,400,000.
How much is this home worth?
The estimated value of the home located at 124 11th Street is $21,574,363.
What are some comparable homes to 124 11th Street?
Homes that are comparable to 124 11th Street include a condo property at 100 South Pointe Drive, a other property at 323 23rd Street, a commercial property at 205 Collins Avenue.

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