by RH Advisors

Check Availability
$8,999,000
↓ $501K (5.3%)
House - For Sale

2505 Sunset Dr

Miami Beach, FL 33140
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
2829 Sqft
$48,932
Estimated Monthly
$208
HOA / Fees
1.23%
Cap Rate

About This Property

Enjoy a life of coastal elegance in this Sunset Island II home, fully renovated in 2022. Turnkey 4BR/4.5BA on a coveted corner lot across from a serene, palm tree-lined park. Soaring ceilings & views of the lush backyard with oversized sparkling pool greet you as you step inside. An abundance of natural light pours in from glass walls of hurricane impact windows & doors, illuminating the great room w/ marble clad fireplace & exposed wood beams throughout open living & dining room. Custom designed eat-in kitchen w/ marble countertops, Miele & Subzero appliances. Primary suite boasts spa like bathroom w/ large walk-in closet, dual headed shower, double sinks & vanity area & French Doors leading to private pool & backyard.
Unit Size
2,829Ft²
Days on Market
383 days
Land Size
0.29 acres
Price per sqft
$3,181
Property Type
House
Property Taxes
$4,537
HOA Dues
$208
Year Built
1941
Listed By
Daniel Hertzberg
Coldwell Banker Realty
Last updated: 3 months ago (Miami MLS #A11380920)

Price History

Date / Event Date Event Price
Feb 23, 2024 Price Decreased $8,999,000
↓ $501K (5.3%)
Price Decreased
Apr 20, 2023 Listed by Coldwell Banker Realty $9,500,000
Listed by Coldwell Banker Realty
May 3, 2022 Sold $7,450,000
Sold

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Carport
Has Open Parking
Parking Features: Attached Carport, Driveway
Garage Spaces: 2
Carport Spaces: 2
Covered Parking Spaces: 4
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 4
Master Bathroom Features: Dual Sinks, Shower Only

Bedroom Information

Bedrooms: 4
Bedroom Features: Entry Level, Primary Bedroom Ground Level

Interior Information

Interior Features: First Floor Entry, Entrance Foyer, Other, Pantry, Walk-In Closet(s), Family Room
Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
Flooring Type: Other, Wood

Room Information

Dining Room Features: Eat-In Kitchen, Formal Dining
Living Room Features: Family Room, Other

Fireplace Information

Has Fireplace
Fireplace Features: Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1993
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: E
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 12,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,211
  • Gross Building Area: 3,211
  • Building Area: 2,777
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,777
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUNSET ISLANDS-ISLAND NO 2
  • Land Acres: 0.287
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUNSET ISLANDS-ISLAND NO 2 PB 40-8 LOT 1 BLK 2 A LOT SIZE 100.000 X 125 OR 16829-2302 0695 5

Ownership

  • Current Owner : HIGHLANDS REVOCABLE TRUST
  • Previous Owner : 2505 SUNSET DRIVE LLC
  • Owner Before Previous Owner: HAUSER MARC
  • Owner Before Previous Owner 2: ESTATE OF JOY VLDERRAMA ABBOTT
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004106

Zoning

  • Zoning: 0800

Geography

  • Assessors Map Reference: 179
  • District: 02
  • Parcel: 02-3228-001-0540
  • Block: 2
  • Lot: 1
  • Meridian: SEC 28 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.8015
  • Longitude: -80.1447

    Address

  • Full Address: 2505 Sunset Dr
  • Address - House Number: 2505
  • Address - Street Name: Sunset
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C007
  • 4-Digit Zip Code: 4240
  • Zip Code: 33140

Valuation

    Tax

  • Total Area: 3,126
  • Tax Year: 2023
  • Tax Amount: $112,312
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1813
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 76
  • Final Value: 6,315,607
  • High Value: 7,460,911
  • Low Value: 5,170,304

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,720,000
  • First Open Lien Mortgage Lender: CITY NATIONAL BANK OF FLORIDA
  • First Open Lien Mortgage Recording Date: May 03, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $4,720,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $5,943,453
  • Market Land Value: $4,625,000
  • Market Improvement Value: $1,318,453

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,943,453
  • Assessed Land Value: $4,625,000
  • Assessed Improvements Value: $1,318,453

    Sales

  • Current Sale Contract Date: Apr 26, 2022
  • Current Sale Recording Date: May 03, 2022
  • Current Sale Transaction ID: 11887702081
  • Current Sale Price: $7,450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 360562
  • Previous Sale Recording Date: Jan 15, 2021
  • Previous Sale Contract Date: Dec 22, 2020
  • Previous Sale Amount: $2,600,000
  • Previous Sale Document Type: Personal Representatives Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITY NATIONAL BANK OF FLORIDA
  • First Mortgage Transaction Date: May 03, 2022
  • First Mortgage Loan Amount: $4,720,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
4 Beds
5 Baths
2,872 ft²
$3,482/ft²
$10,000,000 Dec 1, 2022
$10,000,000 Oct 6, 2023
$13,299/mo
Condo
3 Beds
4 Baths
3,103 ft²
$2,667/ft²
$8,275,000 Aug 9, 2023
$8,275,000 Oct 2, 2023
$14,930/mo
House
4 Beds
6 Baths
3,575 ft²
$2,364/ft²
$8,450,000 Dec 1, 2022
-
$5,449/mo
House
4 Beds
5 Baths
-
$8,700,000 Oct 18, 2023
-
$2,677/mo
Condo
3 Beds
5 Baths
2,970 ft²
$3,329/ft²
$9,888,000 Jun 9, 2023
-
$11,166/mo
House
5 Beds
6 Baths
4,680 ft²
$1,902/ft²
$8,900,000 Sep 6, 2023
-
$6,494/mo
House
5 Beds
7 Baths
4,625 ft²
$2,346/ft²
$10,850,000 Sep 26, 2023
-
$1,799/mo
House
6 Beds
6 Baths
4,330 ft²
$2,263/ft²
$9,800,000 Jun 13, 2022
-
$5,318/mo
House
5 Beds
6.5 Baths
5,200 ft²
$1,875/ft²
$9,750,000 Feb 4, 2023
-
$1,806/mo

About Bayshore


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Frequently Asked Questions

When was property at 2505 Sunset Drive built and last sold?
The property at 2505 Sunset Drive was built in 1941 and last sold on Apr 26, 2022 for $7,450,000.
How much is this home worth?
The estimated value of the home located at 2505 Sunset Drive is $9,366,513.
What are some comparable homes to 2505 Sunset Drive?
Homes that are comparable to 2505 Sunset Drive include a house property at 2051 North Bay Road, 3045 North Bay Road, 1445 16th Street.

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