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$8,995,000

Beds
10
Baths
9.0
sq ft
Unknown

1400 West Ave, Miami Beach, FL 33139

1400 West Ave

Miami Beach, FL 33139

  • 160 days on market
    • Price drop $1,505,000↓
A RARE FIND IN SOUTH BEACH! Unique opportunity to acquire two adjacent, single-family homes in the heart of South Beach licensed for short-term rentals. The houses are renovated with impact windows and doors, and offered turnkey and fully furnished. They can be demolished to make room for two brand new single-family homes – more than double the size of the existing houses - while retaining the short-term rental license. This is an amazing opportunity for an investor/operator. Alternatively, a developer may choose to construct a new 5-story condo or multifamily residential development, steps from the Bay. Prime location a few blocks from Lincoln Road’s shops and restaurants, and Flamingo Park’s aquatic center and extensive sports amenities. Ideal for investor/operator or developer!

Details

Property type

Single Family Residence

Est. home value

$2,176,565

Lot size

0.25 acres

Price per sq ft

Unknown

Year built

1938

Annual property taxes

$43,691

Price History

10/21/2024
SEF

SEF #A11606140

Price change
$8,995,000
-14.33%
06/12/2024
SEF

SEF #A11606140

Listed
$10,500,000

Schools & Community

Neighborhood: 

Flamingo Lummus

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Us Century Bank

Loan start date

December 2018

Original loan amount

$3,234,000

Est. remaining balance

Not provided

Interest rate

4.33%

Loan type

Future Advance Clause / Open End Mortgage, 10 year

Seller

Jv Holdings 1400 Llc and Varcamp Properties Llc

Lender

Us Century Bank

Loan start date

December 2018

Original loan amount

$3,234,000

Est. remaining balance

Not provided

Interest rate

4.33%

Loan type

Future Advance Clause / Open End Mortgage, 10 year

Seller

Jv Holdings 1400 Llc and Varcamp Properties Llc

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: 11/19/2024 at 4:35 AM

Listing updated: 10/21/2024 at 5:20 PM

Listed by: Susan Gale, One Sotheby's International Re Phone #: (305) 538-9711

MLS: SEF #A11606140

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