by RH Advisors

Check Availability
$28,500,000
↓ $4.5M (13.6%)
House - For Sale

1500 W 23rd St

Miami Beach, FL 33140
bedrooms
6 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
6011 Sqft
$144,169
Estimated Monthly
$250
HOA / Fees
0.75%
Cap Rate

About This Property

Villa Allegra, a masterpiece meticulously crafted by renowned architect Chad Oppenheim. Transcending style, this waterfront villa celebrates the perfection of proportion, scale, materiality, and detail. Nestled in a lush garden of native vegetation, conceived by Raymond Jungles, this home embodies the perfect blend of luxury and tranquility. From the grandeur of the living spaces to intimate alcoves, every corner reflects Oppenheim's style that blurs the line between classical and contemporary. Located in Sunset Island III, enjoy ultimate privacy and the convenience of being minutes from Miami's best dining, shopping, and wellness studios. Multiple docks accommodate water toys and yachts up to 75'. This is more than a home; it's a testament to architectural brilliance and refined living.
Unit Size
6,011Ft²
Days on Market
150 days
Land Size
0.32 acres
Price per sqft
$4,741
Property Type
House
Property Taxes
$3,979
HOA Dues
$250
Year Built
1957
Listed By
Oren Alexander
Prudential Douglas Elliman Real Estate
Last updated: 3 months ago (Miami MLS #A11474943)

Price History

Date / Event Date Event Price
Feb 28, 2024 Price Decreased $28,500,000
↓ $5M (13.6%)
Price Decreased
Dec 1, 2023 Listed by Official $33,000,000
Listed by Official

Property Highlights

Parking Available
Garage
Air Conditioning
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Covered, Driveway
Garage Spaces: 2
Covered Parking Spaces: 2
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 6
Master Bathroom Features: Separate Tub & Shower

Bedroom Information

Bedrooms: 6
Bedroom Features: Primary Bath Shower, Primary Bath Tub, Primary Bedroom Upstairs, Sitting Area - Primary Bedroom

Interior Information

Interior Features: First Floor Entry, Built-in Features, Cooking Island, Pantry, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Family Room, Maid/In-Law Quarters, Media Room, Other
Appliances: Dishwasher, Dryer, Microwave, Gas Range, Refrigerator, Wall Oven, Washer
Flooring Type: Tile, Wood
Door Features: High Impact Doors

Room Information

Dining Room Features: Eat-In Kitchen, Formal Dining
Living Room Features: Den/Library/Office, Family Room, Maid/In-Law Quarters, Media Room, Other

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • 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: 14,000
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 800
  • Total Building Area: 7,979
  • Gross Building Area: 7,979
  • Building Area: 6,011
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,011
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUNSET ISLANDS-ISLAND NO 3
  • Land Acres: 0.321
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUNSET ISLANDS-ISLAND NO 3 PB 40-8 LOT 23 & W5FT OF LOT 22 BLK 3-D LOT SIZE 80.000 X 175 OR 19545-4657 03 2001 1 COC 21905-1018 12 2003 5

Ownership

  • Current Owner : SUNSET ISLAND HOLDINGS
  • Previous Owner : DAVID N VONSTORCH I
  • Owner Before Previous Owner: STECHER ROBERT L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004106

Zoning

  • Zoning: 0800

Geography

  • Assessors Map Reference: 179
  • District: 02
  • Parcel: 02-3228-001-1540
  • Block: 3
  • Lot: 23,22
  • Meridian: SEC 28 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7989
  • Longitude: -80.1432

    Address

  • Full Address: 1500 W 23rd St
  • Address - House Number: 1500
  • Street Direction: W
  • Address - Street Name: 23rd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C007
  • 4-Digit Zip Code: 4517
  • Zip Code: 33140

Valuation

    Tax

  • Total Area: 6,332
  • Tax Year: 2023
  • Tax Amount: $49,481
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.2722
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 61
  • Final Value: 4,443,765
  • High Value: 5,653,703
  • Low Value: 3,233,828

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,000,000
  • First Open Lien Mortgage Lender: FIRST HORIZON BANK
  • First Open Lien Mortgage Recording Date: Jan 19, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $4,000,000
  • 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: Feb 01, 2052

    Market Valuation

  • Market Total Value: $10,473,263
  • Market Land Value: $9,240,000
  • Market Improvement Value: $1,233,263

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,659,647

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Mar 14, 2001
  • Current Sale Transaction ID: 1076244023
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: May 26, 1999
  • Previous Sale Amount: $700,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: EASTERN FINANCIAL MORTGAGE COR
  • Previous Mortgage Transaction Date: May 26, 1999
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $560,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
7 Beds
8 Baths
6,132 ft²
$5,219/ft²
$32,000,000 Oct 9, 2023
$32,000,000 Nov 17, 2023
$11,935/mo
House
7 Beds
10 Baths
5,339 ft²
$5,413/ft²
$28,900,000 Jun 1, 2022
-
$12,420/mo
Land
Loft
-
-
$28,900,000 May 18, 2022
-
$12,420/mo

About Bayshore


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Frequently Asked Questions

When was property at 1500 West 23rd Street built and last sold?
The property at 1500 West 23rd Street was built in 1957 and last sold on Jan 1, 1970 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 1500 West 23rd Street is $28,785,000.
What are some comparable homes to 1500 West 23rd Street?
Homes that are comparable to 1500 West 23rd Street include a land property at 2740 North Bay Road, a house property at 1826 West 23rd Street, which are both great to check out.

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