See Home Value
$2,713,845*
Land - Off Market

1425 Bay Rd

Miami Beach, FL 33139
bedrooms
Studio
bathrooms
0 Bath
$2,430,000 - $2,970,000
Reference Base Price*
0.51%
Since Oct 1, 2023
FL-Miami
Primary Model
Sold Sep 20, 2023
$2,695,000
Sold Jun 13, 2022
$2,150,000
$900,000 by Bd Capital Se Llc
Mortgage Due Dec 01, 2022

About This Property

Location, Location, Location. Prime Development Opportunity in the heart of South Beach. This 6,000 square foot vacant property lot is in one of the most desirable areas of Miami Beach. The Miami Design Review Board has approved a 7,440-square-foot multifamily/luxury townhouse. The complex consists of 3 units with 2,490-square-feet for each unit. Each townhouse contains 3-bedroom 3.5 bath with a 2-parking space garage. For the complex, a total of 6 garage spaces at ground level. The 50-foot-tall residence will have 3 rooftops solar arrays: 1 for each townhouse unit. Only 2 blocks from Lincoln Road and Alton Road. Walk to Trader Joes, Whole Foods, Best Shopping and Dining. Several New Construction townhomes currently being built in the area.
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,617
HOA Dues
-
Year Built
1947

Price History

Date / Event Date Event Price
Sep 20, 2023 Sold $2,695,000
Sold
Sep 17, 2023 No longer available -
No longer available
Jul 1, 2023 In contract -
In contract
May 24, 2023 In contract -
In contract
Apr 4, 2023 Relisted $2,700,000
Relisted
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • 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: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,657
  • Gross Building Area: 1,657
  • Building Area: 1,156
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,156
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: ALTON BEACH BAY FRONT RE-SUB
  • Land Acres: 0.138
  • Standard Land Use Code: Commercial-vacant land
  • Legal Description 1: ALTON BEACH BAY FRONT RE-SUB PB 16-1 LOT 12 BLK 79B LOT SIZE 60.000 X 100 OR 17963-2238 0198 4

Ownership

  • Current Owner : PAMPA SUNBELT 18 LLC
  • Previous Owner : 1425 BAY SPE LLC
  • Owner Before Previous Owner: BAY WEST 1 LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004304

Zoning

  • Zoning: 3900

Geography

  • Assessors Map Reference: 183
  • District: 02
  • Parcel: 02-3233-016-0420
  • Block: 79B
  • Lot: 12
  • Meridian: SEC 33 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7861
  • Longitude: -80.1433

    Address

  • Full Address: 1425 Bay Rd
  • Address - House Number: 1425
  • Address - Street Name: Bay
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C044
  • 4-Digit Zip Code: 3741
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 1,365
  • Tax Year: 2023
  • Tax Amount: $32,555
  • Tax Rate Code Area: 200

    Market Valuation

  • Market Total Value: $1,722,800
  • Market Land Value: $1,710,000
  • Market Improvement Value: $12,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,722,800
  • Assessed Land Value: $1,710,000
  • Assessed Improvements Value: $12,800

    Sales

  • Current Sale Contract Date: Sep 11, 2023
  • Current Sale Recording Date: Sep 20, 2023
  • Current Sale Transaction ID: 11913688021
  • Current Sale Price: $2,695,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 664998
  • Previous Sale Recording Date: Jun 13, 2022
  • Previous Sale Contract Date: Jun 03, 2022
  • Previous Sale Amount: $2,150,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: BD CAPITAL SE LLC
  • Previous Mortgage Transaction Date: Jun 13, 2022
  • Previous Mortgage Loan Amount: $900,000
  • Previous Mortgage Term: 5
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Dec 01, 2022



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$2,920,000 Jan 26, 2023
-
$5,462/mo
Commercial
Loft
-
-
$3,200,000 Apr 26, 2023
-
$2,615/mo
Commercial
Loft
-
-
$2,200,000 Jun 11, 2023
-
$2,180/mo
In Contract
House
Stu
-
-
$2,700,000 Nov 16, 2022
-
$1,617/mo
Quadruplex
Stu
-
3,990 ft²
$702/ft²
$2,800,000 Jun 28, 2023
-
$2,057/mo
Quadruplex
Stu
-
2,926 ft²
$885/ft²
$2,590,000 Jun 18, 2023
-
$1,610/mo
Multifamily
Stu
-
4,240 ft²
$590/ft²
$2,500,000 Jan 17, 2023
-
$2,647/mo
Multifamily
Stu
-
2,522 ft²
$991/ft²
$2,500,000 Jan 7, 2019
-
-
Commercial
Stu
-
-
$2,200,000 Jul 3, 2017
-
-
Condo
2 Beds
2.5 Baths
1,778 ft²
$1,519/ft²
$2,700,000 Mar 14, 2023
-
-
Condo
2 Beds
2 Baths
1,477 ft²
$1,811/ft²
$2,675,000 Apr 5, 2023
-
$3,825/mo
House
4 Beds
4 Baths
3,105 ft²
$853/ft²
$2,650,000 Aug 17, 2022
-
$2,138/mo

About West Avenue


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Frequently Asked Questions

When was property at 1425 Bay Road built and last sold?
The property at 1425 Bay Road was built in 1947 and last sold on Sep 11, 2023 for $2,695,000.
How much is this home worth?
The estimated value of the home located at 1425 Bay Road is $2,727,000.
What are some comparable homes to 1425 Bay Road?
There are currently no comparable homes to 1425 Bay Road.

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