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1850 South Treasure Drive

1850 South Treasure Drive, Miami Beach, FL 33141
Commercial in Treasure Island
Local assessors in Miami Beach, FL have categorized 1850 South Treasure Drive as a residential type of property. The home was built in 1963 and is 61 years old. The property's lot size has been calculated to be 12,000 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 12 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 10 full bathrooms. There are also 10 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1850 South Treasure Drive has a total of 8,858 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete block control joints. Lots of concrete block were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1850 South Treasure Drive sold most recently in Dec 20, 2021 for a total of $4,171,000. If you work out the math, that's approximately a cost of $470.87 per sqft. Before that, the property was also sold for $1,000,000 in May 31, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $79,308 in taxes each year. 1850 South Treasure Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,595,000. If we break it down further, the land itself was valued at $1,320,000. Improvements to the property, however, were assessed at a total of $2,275,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Block Exterior

Parking

Assigned Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210317
03/17/2021
Loft
-
-
$5,350,000
bedrooms
Loft
bathrooms
-
-
-
-
Adriana Brito
Fortune International Realty

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 12
  • Bathroom Count: 10
  • Full Bathrooms: 10
  • Partial Bathrooms: 10
  • Construction Type: Concrete block
  • Building Style: Multifamily
  • Exterior Walls Type: Concrete block
  • Floor Count: 2
  • Living Units: 10
  • Business/Commerical Units Count: 10
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Total Building Area: 8,858
  • Gross Building Area: 8,858
  • Building Area: 8,858
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 8,858
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TREASURE ISL 1ST ADDN
  • Land Acres: 0.276
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: 9 53 42 TREASURE ISL 1ST ADDN PORT OF TR B PB 57-6 LOT 18 BLK 8 LOT SIZE 80.000 X 150 OR 4249-679/19238-4390 08 1964

Ownership

  • Current Owner : TREASURE 1850 LLC
  • Previous Owner : 2000 CORAL GROUP LLC
  • Owner Before Previous Owner: JONAS VALERIE
  • Owner Before Previous Owner 2: JONAS DAVID
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: NORTH BAY VIL
  • Census Tract: 003917

Zoning

  • Zoning: 4000

Geography

  • Assessors Map Reference: 170
  • District: 23
  • Subdivision Tract Number: B
  • Parcel: 23-3209-014-0100
  • Block: 8
  • Lot: 18
  • Meridian: SEC 09 TWN 53S RNG 42E
  • Municipality: NORTH BAY VILLAGE
  • Latitude: 25.8445
  • Longitude: -80.1474

    Address

  • Full Address: 1850 S Treasure Dr
  • Address - House Number: 1850
  • Street Direction: S
  • Address - Street Name: Treasure
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: North Bay Village
  • Carrier Code: C014
  • 4-Digit Zip Code: 4086
  • Zip Code: 33141

Valuation

    Tax

  • Total Area: 7,146
  • Tax Year: 2023
  • Tax Amount: $79,308
  • Tax Rate Code Area: 2300

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 4,283,900
  • High Value: 6,161,382
  • Low Value: 2,406,417

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,913,037
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Sep 01, 2022
  • First Open Lien Mortgage Loan Amount: $5,913,037
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $3,595,000
  • Market Land Value: $1,320,000
  • Market Improvement Value: $2,275,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,595,000
  • Assessed Land Value: $1,320,000
  • Assessed Improvements Value: $2,275,000

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Jan 04, 2022
  • Current Sale Transaction ID: 11878692784
  • Current Sale Price: $4,171,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4935
  • Previous Sale Recording Date: Jun 17, 2019
  • Previous Sale Contract Date: May 31, 2019
  • Previous Sale Amount: $1,000,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: PLYMOUTH PRIVATE EQUITIES LLC
  • Previous Mortgage Transaction Date: Jun 17, 2019
  • Previous Mortgage Loan Amount: $1,800,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About North Bay Village



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Frequently Asked Questions

What neighborhood is 1850 South Treasure Drive located in?
The 1850 South Treasure Drive is a commercial located in the neighborhood of Treasure Island in North Bay Village, Miami Beach.
What is the average sales price for listings in 1850 South Treasure Drive?
The average sales price for units in 1850 South Treasure Drive is $0 currently.

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