by RH Advisors

Check Availability
$1,695,000
House - For Sale

809 2nd St

Miami Beach, FL 33139
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
$9,675
Estimated Monthly
$0
HOA / Fees
6.83%
Cap Rate

About This Property

Opportunity to build a single family home in the coveted South of Fifth (SoFi) neighborhood in close walking distance to Joe's, Milos, Carbone, Lucky Cat and the Atlantic Ocean. Adjacent similar home/concept/lot size at 819 2nd ST (4 story/3 beds/3 baths/2 half baths/4,215 SF) recently sold for $6mm in Dec 2021. Assuming build cost at $600 PSF on a similar concept plus full asking price nets a near $2mm unleveraged profit/equity. Zoning is RPS-2.
Unit Size
-
Days on Market
173 days
Land Size
0.06 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,352
HOA Dues
-
Year Built
1921
Listed By
Last updated: 4 months ago (Miami MLS #A11482712)

Price History

Date / Event Date Event Price
Jan 5, 2024 Relisted $1,695,000
Relisted
Jan 2, 2024 In contract -
In contract
Nov 7, 2023 Listed by The Corcoran Group $1,695,000
Listed by The Corcoran Group

Property Highlights

Garage
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway
Garage Spaces: 1
Covered Parking Spaces: 1
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 4

Bedroom Information

Bedrooms: 4
Bedroom Features: Other

Interior Information

Interior Features: First Floor Entry, Other
Appliances: Other Equipment/Appliances
Flooring Type: Marble, Tile, Wood

Room Information

Living Room Features: Other

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1965
  • Bedroom Count: 3
  • Full Bathrooms: 3
  • Construction Type: Concrete block
  • Building Style: Multifamily
  • Floor Count: 1
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 2,656
  • Total Building Area: 1,205
  • Gross Building Area: 1,205
  • Building Area: 1,205
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,205
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: OCEAN BEACH ADD NO 3
  • Land Acres: 0.061
  • Standard Land Use Code: Commercial-vacant land
  • Legal Description 1: 3-4 54 34 53 42 OCEAN BEACH ADD NO 3 PB 2-81 W47.44FT OF E92.09FT OF LOT 8 & W47.44FT OF E92.09FT OF S6FT OF LOT 7 BLK 77 LOT SIZE 2656 SQUARE FEET COC 21441-2771 06 2003 1

Ownership

  • Current Owner : SOFI 809 LLC
  • Previous Owner : SOUTH OF 5TH DEVELOPMENT LLC
  • Owner Before Previous Owner: WATERCUP INVESTMENTS LLC
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Apr 04, 2024

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: 02-4203-009-5372
  • Block: 77
  • Lot: 8
  • Meridian: SEC 03 TWN 54S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7713
  • Longitude: -80.1363

    Address

  • Full Address: 809 2nd St
  • Address - House Number: 809
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C007
  • 4-Digit Zip Code: 7040
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 1,205
  • Tax Year: 2023
  • Tax Amount: $16,312
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 200

    Market Valuation

  • Market Total Value: $863,200
  • Market Land Value: $863,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $863,200
  • Assessed Land Value: $863,200

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 25, 2021
  • Current Sale Transaction ID: 11837833183
  • Current Sale Price: $950,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0369296
  • Previous Sale Recording Date: Mar 05, 2018
  • Previous Sale Contract Date: Feb 20, 2018
  • Previous Sale Amount: $850,000
  • Previous Sale Document Type: Special Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FLAGLER BANK
  • Previous Mortgage Transaction Date: Mar 05, 2018
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $510,000
  • Previous Mortgage Term: 24
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Feb 21, 2020

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
4 Beds
4 Baths
2,425 ft²
$784/ft²
$1,900,000 Apr 11, 2023
$1,900,000 Sep 22, 2023
$5,032/mo
Condo
3 Beds
3 Baths
1,850 ft²
$892/ft²
$1,650,000 Aug 14, 2023
$1,650,000 Oct 27, 2023
$2,690/mo
Condo
3 Beds
3 Baths
1,850 ft²
$892/ft²
$1,650,000 Aug 14, 2023
$1,650,000 Oct 27, 2023
$2,690/mo
Condo
3 Beds
2 Baths
1,234 ft²
$1,094/ft²
$1,350,000 Aug 4, 2023
$1,350,000 Nov 14, 2023
$2,016/mo
Condo
1 Bed
1 Bath
742 ft²
$2,156/ft²
$1,600,000 Aug 12, 2023
$1,600,000 Dec 22, 2023
$3,787/mo
Condo
2 Beds
2 Baths
1,130 ft²
$1,363/ft²
$1,540,000 Apr 20, 2023
$1,540,000 Oct 5, 2023
$2,097/mo
Condo
3 Beds
3 Baths
1,520 ft²
$1,052/ft²
$1,599,000 Dec 21, 2023
-
$2,126/mo
Condo
3 Beds
2 Baths
1,440 ft²
$1,042/ft²
$1,499,999 Jul 19, 2023
-
$806/mo
Condo
1 Bed
2 Baths
1,008 ft²
$1,735/ft²
$1,749,000 Nov 29, 2023
-
$2,258/mo
Condo
2 Beds
2 Baths
1,091 ft²
$1,673/ft²
$1,825,000 May 5, 2023
-
$2,930/mo
Condo
2 Beds
3 Baths
1,240 ft²
$1,249/ft²
$1,549,000 Nov 28, 2023
-
$1,503/mo
Condo
2 Beds
3 Baths
1,570 ft²
$1,115/ft²
$1,750,000 Sep 15, 2023
-
$1,587/mo

About South Pointe


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Frequently Asked Questions

When was property at 809 2nd Street built and last sold?
The property at 809 2nd Street was built in 1921 and last sold on May 14, 2021 for $950,000.
How much is this home worth?
The estimated value of the home located at 809 2nd Street is $1,711,950.
What are some comparable homes to 809 2nd Street?
Homes that are comparable to 809 2nd Street include a condo property at 208 Jefferson Avenue, 120 Jefferson Avenue, 1000 South Pointe Drive.

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