See Home Value
$3,104,342*
House - Off Market

242 Meridian Ave

Miami Beach, FL 33139
bedrooms
4 Beds
bathrooms
4 Baths
square feet
1996 Sqft
$2,070,000 - $2,530,000
Reference Base Price*
34.97%
Since Aug 1, 2021
FL-Miami
Primary Model
Sold Mar 29, 2022
$2,450,000
$1,675,000 by City National Bank Of Florida
Mortgage Due Jun 01, 2052
Sold May 08, 2019
$950,000
$900,000 by Vladimir Johanes
Mortgage Due Jul 01, 2020

About This Property

Fantastic opportunity to own a beautiful 3 bed/3 bath single family home in the coveted South of 5th neighborhood with the most amazing finishes. Attached is an additional 355 sf 1 bed/1 bath guest apartment with separate access gate and private entrance door. No expense has been spared in this detailed renovation from the ground up. Most exclusive features include 12ft high vaulted ceilings, a brand new roof, quality impact windows, finest Italian tile flooring throughout, exclusive custom made kitchen with high end appliances, European style fixtures, custom closet build outs, illuminated fire place and a private sauna. A huge front porch and a large backyard with outdoor kitchen & BBQ grill surround this one of a kind property, perfect for outdoor entertaining - pool and spa optional.

The manager has listed the unit size as 1996 square feet.
Unit Size
1,996Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$1,152
Property Type
House
Property Taxes
$1,741
HOA Dues
-
Year Built
1921

Price History

Date / Event Date Event Price
Mar 29, 2022 Sold $2,450,000
Sold
Jul 31, 2021 No longer available -
No longer available
Jun 25, 2021 Relisted $2,300,000
Relisted
Jun 11, 2021 No longer available -
No longer available
Mar 3, 2021 Price Decreased $2,300,000
↓ $150K (6.1%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,200
  • Lot Size Depth Feet: 840
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,996
  • Gross Building Area: 1,996
  • Building Area: 1,806
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,806
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OCEAN BEACH ADD NO 3
  • Land Acres: 0.096
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: OCEAN BEACH ADD NO 3 PB 2-81 LOT 3 LESS W56FT BLK 77 LOT SIZE 50.000 X 84 COC 24242-2680/24478-3685 0206 4

Ownership

  • Current Owner : PEGASUS MIAMI INVESTMENTS INC
  • Previous Owner : PEGASUS INVESTMENTS PROPERTIES LLC
  • Owner Before Previous Owner: ORTIZ MARTHA R
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004500

Zoning

  • Zoning: 3002

Geography

  • Assessors Map Reference: 265
  • District: 02
  • Parcel: 02-4203-009-5320
  • Block: 77
  • Lot: 3
  • Meridian: SEC 03 TWN 54S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.772
  • Longitude: -80.1362

    Address

  • Full Address: 242 Meridian Ave
  • Address - House Number: 242
  • Address - Street Name: Meridian
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C007
  • 4-Digit Zip Code: 7013
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 1,879
  • Tax Year: 2023
  • Tax Amount: $32,637
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 2,302,641
  • High Value: 3,308,488
  • Low Value: 1,296,793

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,675,000
  • First Open Lien Mortgage Lender: CITY NATIONAL BANK OF FLORIDA
  • First Open Lien Mortgage Recording Date: Jun 07, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,675,000
  • 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: Jun 01, 2052

    Market Valuation

  • Market Total Value: $1,727,148
  • Market Land Value: $1,365,000
  • Market Improvement Value: $362,148

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,727,148
  • Assessed Land Value: $1,365,000
  • Assessed Improvements Value: $362,148

    Sales

  • Current Sale Contract Date: Mar 16, 2022
  • Current Sale Recording Date: Mar 29, 2022
  • Current Sale Transaction ID: 11884994554
  • Current Sale Price: $2,450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 247434
  • Previous Sale Recording Date: May 08, 2019
  • Previous Sale Contract Date: Apr 16, 2019
  • Previous Sale Amount: $950,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ELS HOLDINGS LLC
  • First Mortgage Transaction Date: Mar 29, 2022
  • First Mortgage Loan Amount: $1,612,000
  • First Mortgage Terms: 24
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2024

    Previous Mortgages

  • Previous Mortgage Lender: VLADIMIR JOHANES
  • Previous Mortgage Transaction Date: May 08, 2019
  • Previous Mortgage Loan Amount: $900,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Stand Alone First
  • Previous Mortgage Loan Due Date: Jul 01, 2020



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
4 Beds
3.5 Baths
2,425 ft²
$969/ft²
$2,350,000 Oct 13, 2022
-
$4,138/mo
Condo
3 Beds
3.5 Baths
1,994 ft²
$1,228/ft²
$2,449,000 Jun 16, 2022
-
$2,251/mo
Condo
3 Beds
3.5 Baths
2,160 ft²
$921/ft²
$1,990,000 Nov 22, 2022
-
$3,888/mo
Condo
3 Beds
3 Baths
1,802 ft²
$1,526/ft²
$2,750,000 May 23, 2022
-
$1,698/mo
Condo
3 Beds
3 Baths
1,798 ft²
$1,084/ft²
$1,949,000 Feb 7, 2023
-
$1,836/mo
Condo
3 Beds
2.5 Baths
1,559 ft²
$1,604/ft²
$2,500,000 Dec 29, 2022
-
$4,386/mo
Condo
3 Beds
3 Baths
1,507 ft²
$1,228/ft²
$1,850,000 Feb 8, 2023
-
$3,598/mo
Condo
2 Beds
2 Baths
1,759 ft²
$1,279/ft²
$2,250,000 Feb 11, 2023
-
$4,115/mo
Condo
2 Beds
2.5 Baths
1,750 ft²
$1,200/ft²
$2,100,000 Jul 26, 2022
-
$7,886/mo
Condo
2 Beds
2.5 Baths
1,732 ft²
$1,415/ft²
$2,450,000 Nov 16, 2022
-
$5,623/mo
Condo
2 Beds
2.5 Baths
1,778 ft²
$1,519/ft²
$2,700,000 Feb 21, 2022
-
-
Townhouse
2 Beds
2.5 Baths
1,502 ft²
$1,664/ft²
$2,500,000 Dec 2, 2022
-
$2,224/mo

About South Pointe


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Frequently Asked Questions

When was property at 242 Meridian Avenue built and last sold?
The property at 242 Meridian Avenue was built in 1921 and last sold on Mar 16, 2022 for $2,450,000.
How much is this home worth?
The estimated value of the home located at 242 Meridian Avenue is $2,490,290.
What are some comparable homes to 242 Meridian Avenue?
There are currently no comparable homes to 242 Meridian Avenue.

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