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$1,190,000

Beds
2
Baths
2.0
sq ft
1,444

245 Michigan Ave Unit LP-8, Miami Beach, FL 33139

245 Michigan Ave Unit LP-8

Miami Beach, FL 33139

  • 123 days on market
    • Price drop $100,000↓
This penthouse unit in the ABSOLUT is a split-level, 2-bedroom, 2-bathroom loft designed by acclaimed architect Kobi Karp. Located in the heart of the sought-after South of Fifth (SoFi) area, this residence is within walking distance to the beach and the area’s top restaurants. The unit requires remodeling, offering a fantastic opportunity to customize and make it your own. Enjoy a rooftop terrace accessible from outside the apartment with panoramic views of Miami Beach. With its great community and proximity to an excellent elementary school, this property is ideal for young families, snowbirds, or investors seeking a one-of-a-kind home in an unbeatable location.

Details

Property type

Condominium

Est. home value

$1,112,294

Lot size

Unknown

Price per sq ft

$825

Year built

2004

Annual property taxes

$14,425

Monthly HOA fee

$921

Price History

12/16/2024
SEF

SEF #A11689692

Price change
$1,190,000
-7.75%
11/07/2024
SEF

SEF #A11689692

Listed
$1,290,000

Schools & Community

Neighborhood: 

South Pointe

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

Chase Manhattan Mortgage Corp

Loan start date

September 2004

Original loan amount

$368,000

Est. remaining balance

Not provided

Interest rate

4.87%

Loan type

Building or Construction Loan, 30 year

Seller

Marco A Moreno and Cristina Preti

Lender

Chase Manhattan Mortgage Corp

Loan start date

September 2004

Original loan amount

$368,000

Est. remaining balance

Not provided

Interest rate

4.87%

Loan type

Building or Construction Loan, 30 year

Seller

Marco A Moreno and Cristina Preti

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: 03/13/2025 at 3:50 AM

Listing updated: 02/26/2025 at 1:35 PM

Listed by: Cristina Preti, BHHS EWM Realty Phone #: (305) 361-5600

MLS: SEF #A11689692

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