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$7,890,000

Beds
4
Baths
4.5
sq ft
3,337

1 Collins Ave Unit 406, Miami Beach, FL 33139

1 Collins Ave Unit 406

Miami Beach, FL 33139

  • 227 days on market
    • Price drop $309,000↓
Discover our luxury boutique residence near the beach in the prestigious South of Fifth. This fully furnished home features private elevator access, 4 bedrooms with ensuite bathrooms,powder room, plus spans 3,337 square feet with a wraparound terrace. It includes, unique wallpapers, light oak tile flooring, electric shades, and curtains. The chef's kitchen has a custom European design, Sub-Zero refrigerator, wine cooler, Wolf appliances, gas range, marble island and wet bar. The master suite boasts a walking closet and luxury bathroom with a floating tub. This smart home has new air conditioning units with a UV system. It offers a private 2-car garage, valet service, and is part of an elite building with only 50 residences, designed by Enrique Norton with landscaping by Enzo Enea.

Details

Property type

Condominium

Est. home value

$7,508,311

Lot size

Unknown

Price per sq ft

$2,365

Year built

2016

Annual property taxes

$108,802

Monthly HOA fee

$8,126

Price History

06/11/2024
SEF

SEF #A11489694

Price change
$7,890,000
-3.77%
05/02/2024
SEF

SEF #A11489694

Price change
$8,199,000
-2.1%
03/06/2024
SEF

SEF #A11489694

Listed
$8,375,000

Schools & Community

Neighborhood: 

South Pointe

Elementary school: 

South Pointe

Middle school: 

Unknown

High school: 

Miami Beach

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Rocket Mortgage Llc

Loan start date

July 2023

Original loan amount

$730,000

Est. remaining balance

Not provided

Interest rate

6.57%

Loan type

Credit Line (Revolving), 30 year

Seller

David Jay Marshall and Raphael Farias Marshall

Lender

Rocket Mortgage Llc

Loan start date

July 2023

Original loan amount

$730,000

Est. remaining balance

Not provided

Interest rate

6.57%

Loan type

Credit Line (Revolving), 30 year

Seller

David Jay Marshall and Raphael Farias Marshall

Lender

Rocket Mortgage Llc

Loan start date

May 2022

Original loan amount

$3,147,750

Est. remaining balance

Not provided

Interest rate

3.47%

Loan type

New Conventional, 30 year

Seller

David Jay Marshall and Raphael Farias Marshall

Lender

Rocket Mortgage Llc

Loan start date

May 2022

Original loan amount

$3,147,750

Est. remaining balance

Not provided

Interest rate

3.47%

Loan type

New Conventional, 30 year

Seller

David Jay Marshall and Raphael Farias Marshall

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/06/2024 at 4:45 AM

Listing updated: 06/25/2024 at 10:24 AM

Listed by: Marco Tine, Serhant Phone #: (646) 480-7665

MLS: SEF #A11489694

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