See Home Value
$2,340,244*
House - Off Market

225 Palm Ave

Miami Beach, FL 33139
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2558 Sqft
$1,260,000 - $1,538,000
Reference Base Price*
67.28%
Since Aug 1, 2020
FL-Miami
Primary Model
Sold Mar 03, 2021
$1,425,000
$1,140,000 by First Horizon Bank
Mortgage Due Apr 01, 2051
Sold Jan 24, 2005
$800,000
$300,000 by Ohio Savings Bank Fsb
Mortgage Due Jan 01, 2035

About This Property

OWNER FINANCING AVAILABLE WITH 25% DOWN.  Art Deco chic in prestigious in exclusive and gated Palm Island. Currently the least expensive property for sale on the island. Remodeled with all impact glass windows, kitchen, wood floors. Minutes away from South Beach, shops, restaurants, beaches.

The manager has listed the unit size as 2558 square feet.
Unit Size
2,558Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$547
Property Type
House
Property Taxes
$1,738
HOA Dues
-
Year Built
1936

Price History

Date / Event Date Event Price
Mar 3, 2021 Sold to Christopher E Bush, Christo... $1,425,000
Sold to Christopher E Bush, Christo...
Jul 17, 2020 No longer available -
No longer available
Jun 24, 2020 Price Decreased $1,399,000
↓ $50K (3.5%)
Price Decreased
Apr 14, 2020 Price Decreased $1,449,000
↓ $50K (3.3%)
Price Decreased
Jan 1, 2020 Listed $1,499,000
Listed

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1960
  • 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: Concrete block
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,558
  • Gross Building Area: 2,558
  • Building Area: 2,196
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,196
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVIERA 1ST & 2ND ADDN AMD
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIVIERA 1ST & 2ND ADDN AMD PB 32-37 LOT 38 BLK 2 B LOT SIZE 50.000 X 120 OR 20285-2213 03 2002 1 COC 23020-2229 12 2004 1

Ownership

  • Current Owner : BUSH CHRISTOPHER E
  • Current Owner 2: LUCIA CHRISTOPHER S
  • Previous Owner : MERCANTE TANIA L
  • Previous Owner 2: TANIA L MERCANTE REVOCABLE TRU
  • Owner Before Previous Owner: FARIDAD DEREK J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 267
  • District: 02
  • Parcel: 02-4205-002-0340
  • Block: 2
  • Lot: 38
  • Meridian: SEC 05 TWN 54S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7813
  • Longitude: -80.1647

    Address

  • Full Address: 225 Palm Ave
  • Address - House Number: 225
  • Address - Street Name: Palm
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5141
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 2,248
  • Tax Year: 2023
  • Tax Amount: $25,141
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1819
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 2,296,584
  • High Value: 2,714,480
  • Low Value: 1,878,689

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,140,000
  • First Open Lien Mortgage Lender: FIRST HORIZON BANK
  • First Open Lien Mortgage Recording Date: Mar 03, 2021
  • First Open Lien Mortgage Loan Amount: $1,140,000
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $1,595,435
  • Market Land Value: $1,529,928
  • Market Improvement Value: $65,507

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,216,834

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 01, 2021
  • Current Sale Recording Date: Mar 03, 2021
  • Current Sale Transaction ID: 11824901152
  • Current Sale Price: $1,425,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0157193
  • Previous Sale Recording Date: Jan 24, 2005
  • Previous Sale Contract Date: Dec 30, 2004
  • Previous Sale Amount: $800,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST HORIZON BANK
  • First Mortgage Transaction Date: Mar 03, 2021
  • First Mortgage Loan Amount: $1,140,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: OHIO SAVINGS BANK FSB
  • Previous Mortgage Transaction Date: Jan 24, 2005
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $300,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jan 01, 2035



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
4 Baths
-
$1,225,000 Mar 15, 2011
$1,225,000 Jun 20, 2011
$1,181/mo
Condo
2 Beds
2.5 Baths
1,837 ft²
$705/ft²
$1,295,000 Sep 22, 2022
-
$555/mo
Condo
2 Beds
2 Baths
1,370 ft²
$1,167/ft²
$1,599,000 Oct 8, 2022
-
$2,920/mo
Condo
2 Beds
2 Baths
1,370 ft²
$948/ft²
$1,299,000 Jul 15, 2022
-
$2,931/mo

About Star, Palm and Hibiscus Islands


Similar Homes for Sale

Unit for sale at 1000 Venetian Way, Miami, FL 33139

$1,299,000

  • 2 Beds
  • 2 Baths
  • 1,370 ft²
1000 Venetian Way #608, Miami, FL 33139 Listing by Anthony Criscito
Unit for sale at 1000 Venetian Way, Miami, FL 33139

$1,599,000

  • 2 Beds
  • 2 Baths
  • 1,370 ft²
1000 Venetian Way #508, Miami, FL 33139 Listing by Anthony Criscito

Nearby Rentals

Unit for rent at 900 Brickell Key Blvd, Miami, FL, 33131

$7,750 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,572 ft²
900 Brickell Key Blvd, Miami, FL, 33131 Listing by Diego Valencia
Unit for rent at 650 Ne 32nd St, Miami, FL, 33137

$8,000 /mo

  • 3 Beds
  • 3.5 Baths
  • 1,646 ft²
650 Ne 32nd St, Miami, FL, 33137 Listing by Mathy Garcia
Unit for rent at 1331 Brickell Bay Dr, Miami, FL, 33131

$8,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,529 ft²
1331 Brickell Bay Dr, Miami, FL, 33131 Listing by Maria Velez


Frequently Asked Questions

When was property at 225 Palm Avenue built and last sold?
The property at 225 Palm Avenue was built in 1936 and last sold on Mar 1, 2021 for $1,425,000.
How much is this home worth?
The estimated value of the home located at 225 Palm Avenue is $1,868,088.
What are some comparable homes to 225 Palm Avenue?
There are currently no comparable homes to 225 Palm Avenue.

Quantcast