See Home Value
$8,324,328*
House - Off Market

244 W Rivo Alto Dr

Miami Beach, FL 33139
bedrooms
Studio
bathrooms
0 Bath
$4,275,000 - $5,225,000
Reference Base Price*
75.25%
Since Aug 1, 2019
FL-Miami
Primary Model
Sold Jun 10, 2014
$3,300,000
$5,130,000 by Morgan Stanley Private Bank Na
Mortgage Due Jun 01, 2052
Sold Dec 16, 1998
$565,000
$452,000 by Ctx Mortgage Co
Mortgage

About This Property

This rare waterfront property on the western side of Miami Beach's Rivo Alto Island, the most desirable of the Venetian Islands, features sunset views over Biscayne Bay. The extraordinary 10,497 square foot lot is located within walking distance to the Standard Hotel & Spa, and Sunset Harbour, Miami Beach's most interesting urban neighborhood, featuring restaurants, shopping, and nightlife. Build the home of your dreams on this bucolic lot, or take advantage of approved plans by renowned Miami architect Max Strang, who is known for his intuitive ability to merge inside and out, creating a contemporary oasis. The interiors have also been fully designed by New York-based firm Gachot, who have created a zen-like environment of wood, stone, and locally-inspired natural materials.
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$5,449
HOA Dues
-
Year Built
1928

Price History

Date / Event Date Event Price
Aug 28, 2019 Listed $4,750,000
Listed
This rare waterfront property on the western side of Miami Beach's Rivo Alto Island, the most desirable of the Venetian Islands, features sunset views over Biscayne Bay. The extraordinary 10,497 square foot lot is located within walking distance to the Standard Hotel & Spa, and Sunset Harbour, Miami Beach's most interesting urban neighborhood, featuring restaurants, shopping, and nightlife. Build the home of your dreams on this bucolic lot, or take advantage of approved plans by…
Jul 20, 2019 No longer available -
No longer available
Apr 17, 2019 Listed $4,750,000
Listed
This rare waterfront property on the western side of Miami Beach's Rivo Alto Island, the most desirable of the Venetian Islands, features sunset views over Biscayne Bay. The extraordinary 10,497 square foot lot is located within walking distance to the Standard Hotel & Spa, and Sunset Harbour, Miami Beach's most interesting urban neighborhood, featuring restaurants, shopping, and nightlife. Build the home of your dreams on this bucolic lot, or take advantage of approved plans by…
Jun 10, 2014 Sold to Reed Zaroff $3,300,000
Sold to Reed Zaroff

Property Highlights

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 2002
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: C
  • Construction Type: Concrete block
  • Building Style: Duplex
  • Exterior Walls Type: Composition
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 2
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 10,500
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 600
  • Total Building Area: 4,051
  • Gross Building Area: 4,051
  • Building Area: 3,769
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,769
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVO ALTO AMD
  • Land Acres: 0.241
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: RIVO ALTO AMD PB 7-74 LOT 3 & 8FT STRIP ADJ ON BAY BLK 2 AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE 60.000 X 175 OR 18392-4733 1298 1

Ownership

  • Current Owner : ZAROFF REED
  • Previous Owner : SILVA NETO GALDINO J
  • Owner Before Previous Owner: STIER GREG W
  • 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: 0800

Geography

  • Assessors Map Reference: 183
  • District: 02
  • Parcel: 02-3233-001-0200
  • Block: 2
  • Lot: 3
  • Meridian: SEC 33 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7916
  • Longitude: -80.156

    Address

  • Full Address: 244 W Rivo Alto Dr
  • Address - House Number: 244
  • Street Direction: W
  • Address - Street Name: Rivo Alto
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 1270
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 3,588
  • Tax Year: 2023
  • Tax Amount: $71,344
  • Tax Rate Code Area: 200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,130,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: May 31, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $5,130,000
  • 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: $9,425,247
  • Market Land Value: $8,820,000
  • Market Improvement Value: $605,247

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,816,587

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 02, 2014
  • Current Sale Recording Date: Jun 10, 2014
  • Current Sale Transaction ID: 11458396480
  • Current Sale Price: $3,300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2014R0413623
  • Previous Sale Recording Date: Dec 16, 1998
  • Previous Sale Amount: $565,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SABADELL UNITED BANK NA
  • First Mortgage Transaction Date: Jun 10, 2014
  • First Mortgage Loan Amount: $2,145,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2044

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CTX MORTGAGE CO
  • Previous Mortgage Transaction Date: Dec 16, 1998
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $452,000
  • 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
4 Beds
4 Baths
3,281 ft²
$1,521/ft²
$4,990,000 Sep 5, 2023
-
$917/mo
Commercial
Loft
-
-
$5,000,000 Feb 27, 2023
-
$3,389/mo
House
3 Beds
3 Baths
2,799 ft²
$1,786/ft²
$5,000,000 Aug 28, 2023
-
$3,978/mo
Commercial
Loft
-
-
$5,500,000 May 9, 2023
-
$2,439/mo
House
4 Beds
5 Baths
2,741 ft²
$2,041/ft²
$5,595,000 May 10, 2023
-
$4,646/mo
House
3 Beds
4 Baths
2,403 ft²
$2,320/ft²
$5,575,000 Jan 10, 2023
-
$197/mo
Condo
2 Beds
3 Baths
2,282 ft²
$1,862/ft²
$4,250,000 Nov 29, 2022
-
$3,233/mo
Condo
3 Beds
3 Baths
2,079 ft²
$1,922/ft²
$3,995,000 Aug 22, 2023
-
$4,622/mo

About Venetian Islands


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Frequently Asked Questions

When was property at 244 West Rivo Alto Drive built and last sold?
The property at 244 West Rivo Alto Drive was built in 1928 and last sold on Jun 2, 2014 for $3,300,000.
How much is this home worth?
The estimated value of the home located at 244 West Rivo Alto Drive is $4,797,500.
What are some comparable homes to 244 West Rivo Alto Drive?
There are currently no comparable homes to 244 West Rivo Alto Drive.

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