tomo logo

$3,950,000

Beds
5
Baths
4.0
sq ft
1,806

242 Meridian Ave, Miami Beach, FL 33139

242 Meridian Ave

Miami Beach, FL 33139

  • 92 days on market
Unique single-family home in South of Fifth, In a league of its own, renovated 4 Bed 3 Bath + office and an extra fully independent studio guest house extension all nested on a large 4200SF lot. Main house is a gorgeous 4 bed 3 bath + office with high vaulted ceilings. Income producing 355SF guest house. Brand new roof, new high impact windows & doors, decorative fireplace, sauna & open custom kitchen. Lushly landscaped back courtyard offers full outdoor kitchen with grill, refrigerator & sink. Outdoor shower, storage shed, connection-ready for 22’ jacuzzi & pool installation without need for permits. Turn-Key as is, or build a 4-story mansion.Enjoy South Pointe Pier, watch the ships pass by as you sit outside at Smith & Wollensky or best food experience at Prime 112, Papi Steak or Milo's

Details

Property type

Single Family Residence

Est. home value

$2,941,336

Lot size

4,200 sq ft

Price per sq ft

$2,188

Year built

1921

Annual property taxes

$32,637

HOA

Yes

Price History

07/05/2024
SEF

SEF #A11618453

Listed
$3,950,000
+61.22%
03/16/2022
SEF

SEF #A11107535

Sold
$2,450,000
+157.89%
04/29/2019
SEF

SEF #A10207794

Sold
$950,000

Schools & Community

Neighborhood: 

South Pointe

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

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

City National Bank Of Florida

Loan start date

May 2022

Original loan amount

$1,675,000

Est. remaining balance

Not provided

Interest rate

3.37%

Loan type

New Conventional, 30 year

Seller

Pegasus Miami Investments Inc

Lender

City National Bank Of Florida

Loan start date

May 2022

Original loan amount

$1,675,000

Est. remaining balance

Not provided

Interest rate

3.37%

Loan type

New Conventional, 30 year

Seller

Pegasus Miami Investments Inc

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?

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Status: Active

Tomo last checked: 10/04/2024 at 9:05 PM

Listing updated: 10/02/2024 at 11:35 AM

Listed by: Bulent Urak, Keller Williams Miami Beach Realty Phone #: (305) 695-1112

MLS: SEF #A11618453

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