by RH Advisors

See Home Value
$4,900,000
House - Off Market

241 28th St

Miami Beach, FL 33140
bedrooms
5 Beds
bathrooms
6 Baths
square feet
3701 Sqft
$25,598
Estimated Monthly
$0
HOA / Fees
5.26%
Cap Rate

About This Property

THE CLOSEST SINGLE FAMILY HOME TO THE BEACH; Spectacular PRE-CONSTRUCTION Estate will be Remastered & Rebuilt by Renowned Developer Todd Michael Glaser. 1 Block from the BEACH in the Faena District; where Timeless Elegance meets Modern Luxury. The Only Free Standing House on Collins and Indian Creek Drive. Soon this Private Beach Estate will be Engulfed with Luscious Palms and Captivating Foliage, Enthroned within 5BR / 6BA, High Impact Doors and Windows, New Roof, and Plans for a Stunning New Pool, this Gated and Secure Property will be the ENVY of all Beach Homes, within Walking Distance of Top-Tier Restaurants and 5-star Luxury Hotels, this is the Epitome of Miami Beach Living!  UNBEATABLE LOCATION AND WALKABILITY. GET IN BEFORE ALL THE NEW DEVELOPMENTS ARE COMPLETED.
Unit Size
3,701Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$1,324
Property Type
House
Property Taxes
$1,537
HOA Dues
-
Year Built
1932
Last updated: 4 months ago (Miami MLS #A11460870)

Price History

Date / Event Date Event Price
Jan 19, 2024 No longer available -
No longer available
Sep 30, 2023 Listed by One Sothebys International Realty $4,900,000
Listed by One Sothebys International Realty
THE CLOSEST SINGLE FAMILY HOME TO THE BEACH; Spectacular PRE-CONSTRUCTION Estate will be Remastered & Rebuilt by Renowned Developer Todd Michael Glaser. 1 Block from the BEACH in the Faena District; where Timeless Elegance meets Modern Luxury. The Only Free Standing House on Collins and Indian Creek Drive. Soon this Private Beach Estate will be Engulfed with Luscious Palms and Captivating Foliage, Enthroned within 5BR / 6BA, High Impact Doors and Windows, New Roof, and Plans for a…
Sep 29, 2023 No longer available -
No longer available
Mar 25, 2023 Price Decreased $3,750,000
↓ $200K (5.1%)
Price Decreased
Mar 10, 2023 Listed by One Sothebys International Realty $3,950,000
Listed by One Sothebys International Realty
Major Deal Alert - Faena District Investment Opportunity! Location, location, location: One block from the beach, this fully renovated 1930's 2 story 4-plex is up for SALE with current CASH FLOW. The property consists of 4 separate units which each have 2 Bed 1 Bath. Each unit is 880 Sq Ft Living. Fully Furnished and Washer and Dryer. Property upgrades include hurricane impact windows, new plumbing, new electric, Central A/C, Water Heaters laundry room and on-site parking. 40 year…
Show More

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • Building Count: 2
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: A
  • Construction Type: Concrete block
  • Building Style: Multifamily
  • Exterior Walls Type: Composition
  • Floor Count: 2
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,684
  • Total Building Area: 3,701
  • Gross Building Area: 3,701
  • Building Area: 3,701
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 3,701
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MIAMI BEACH IMP CO SUB
  • Land Acres: 0.176
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: 23-26-27-34 53 42 MIAMI BEACH IMP CO SUB PB 5-7 SE80FT LOT 11 & THAT ELY POR LOT 12 IN DB 1550-469 BLK 10 LOT SIZE 80.000 X 100 OR 17656-0283 0597 1 COC 23095-3367 02 2005 4

Ownership

  • Current Owner : 241 28TH ST LLC
  • Previous Owner : BALMIA LLC
  • Owner Before Previous Owner: LITTLE WHITE HOUSE 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: 004103

Zoning

  • Zoning: 4000

Geography

  • Assessors Map Reference: 178
  • District: 02
  • Parcel: 02-3226-001-1000
  • Block: 10
  • Lot: 11,12
  • Meridian: SEC 26 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.8049
  • Longitude: -80.1261

    Address

  • Full Address: 241 28th St
  • Address - House Number: 241
  • Address - Street Name: 28th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 4403
  • Zip Code: 33140

Valuation

    Tax

  • Total Area: 3,701
  • Tax Year: 2023
  • Tax Amount: $21,614
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 1,371,235
  • High Value: 1,972,198
  • Low Value: 770,271

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,820,000
  • First Open Lien Mortgage Lender: CENTENNIAL BANK
  • First Open Lien Mortgage Recording Date: Sep 26, 2022
  • First Open Lien Mortgage Loan Amount: $1,820,000
  • 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: $1,143,821
  • Market Land Value: $768,400
  • Market Improvement Value: $375,421

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,143,821
  • Assessed Land Value: $768,400
  • Assessed Improvements Value: $375,421

    Sales

  • Current Sale Contract Date: Apr 27, 2022
  • Current Sale Recording Date: Sep 26, 2022
  • Current Sale Transaction ID: 11896802913
  • Current Sale Price: $2,950,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 748681
  • Previous Sale Recording Date: Apr 15, 2020
  • Previous Sale Contract Date: Apr 06, 2020
  • Previous Sale Amount: $1,763,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CENTENNIAL BANK
  • First Mortgage Transaction Date: Sep 26, 2022
  • First Mortgage Loan Amount: $1,820,000
  • First Mortgage Terms: 360
  • First 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
5 Beds
5 Baths
3,351 ft²
$1,417/ft²
$4,750,000 Jun 8, 2023
-
$2,941/mo
House
5 Beds
7 Baths
4,480 ft²
$1,060/ft²
$4,750,000 Jul 17, 2023
-
$499/mo
House
5 Beds
7 Baths
4,910 ft²
$1,017/ft²
$4,995,000 Jun 22, 2023
-
$3,376/mo
House
4 Beds
5 Baths
3,308 ft²
$1,663/ft²
$5,500,000 Apr 21, 2023
-
$4,197/mo
House
3 Beds
4 Baths
2,403 ft²
$2,320/ft²
$5,575,000 Jan 10, 2023
-
$197/mo
House
3 Beds
3 Baths
2,799 ft²
$1,786/ft²
$5,000,000 Aug 28, 2023
-
$3,978/mo
Townhouse
3 Beds
5 Baths
2,808 ft²
$1,407/ft²
$3,950,000 Nov 16, 2022
-
$8,134/mo
Condo
3 Beds
4 Baths
2,326 ft²
$1,945/ft²
$4,525,000 Mar 23, 2023
-
$8,213/mo
Condo
3 Beds
3 Baths
1,837 ft²
$2,991/ft²
$5,495,000 Dec 27, 2022
-
$6,902/mo
Condo
2 Beds
3 Baths
1,687 ft²
$2,875/ft²
$4,850,000 Jul 14, 2023
-
$7,766/mo
Condo
2 Beds
3 Baths
1,471 ft²
$3,253/ft²
$4,785,000 Jun 29, 2023
-
$6,512/mo
Condo
3 Beds
3 Baths
1,980 ft²
$2,196/ft²
$4,349,000 Mar 24, 2023
-
$5,483/mo

About Oceanfront


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Frequently Asked Questions

When was property at 241 28th Street built and last sold?
The property at 241 28th Street was built in 1932 and last sold on Apr 27, 2022 for $2,950,000.
How much is this home worth?
The estimated value of the home located at 241 28th Street is $4,891,491.
What are some comparable homes to 241 28th Street?
There are currently no comparable homes to 241 28th Street.

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