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$15,000,000

Beds
4
Baths
5.0
sq ft
6,777

501 West Ave Unit 4205, Miami Beach, FL 33139

501 West Ave Unit 4205

Miami Beach, FL 33139

  • 12 days on market
Experience unparalleled luxury at Five Park, the latest architectural gem in the coveted South of Fifth neighborhood by Arquitectonica. This exclusive combo unit offers the opportunity to own a brand-new corner residence that has never been lived in before. It features 4 bedrooms, 4 bathrooms, 2 powder rooms, 2 offices, and a wraparound private terrace with 5,155 sq. ft. of sophisticated living space. The custom-designed kitchen boasts Italian oak cabinetry, sleek marble countertops, and top-of-the-line Gaggenau appliances. Enjoy world-class amenities, including exclusive beach club access, a Canopy Park, a Fitness Center, a Wellness Spa, Rooftop Pools, and an on-site Restaurant. Situated in the heart of South Beach, with easy access to fine dining, pristine beaches, and Downtown Miami.

Details

Property type

Condominium

Est. home value

$1,166,016

Lot size

Unknown

Price per sq ft

$2,214

Year built

2024

Monthly HOA fee

$13,463

Price History

01/09/2025
SEF

SEF #A11721195

Listed
$15,000,000

Schools & Community

Neighborhood: 

Flamingo Lummus

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

226

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

Mortgage Lenders Network Usa Inc

Loan start date

September 2006

Original loan amount

$125,000

Est. remaining balance

Not provided

Interest rate

6.2%

Loan type

Stand Alone Second, 15 year

Seller

Assli W Veliz

Lender

Mortgage Lenders Network Usa Inc

Loan start date

September 2006

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

8.6%

Loan type

Balloon, 30 year

Seller

Assli W Veliz

Lender

Mortgage Lenders Network Usa Inc

Loan start date

September 2006

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

8.6%

Loan type

Balloon, 30 year

Seller

Assli W Veliz

Lender

Mortgage Lenders Network Usa Inc

Loan start date

September 2006

Original loan amount

$125,000

Est. remaining balance

Not provided

Interest rate

6.2%

Loan type

Stand Alone Second, 15 year

Seller

Assli W Veliz

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: 01/22/2025 at 6:40 AM

Listing updated: 01/20/2025 at 9:30 PM

Listed by: Ivan Chorney, Compass Florida, LLC. Phone #: (305) 851-2820

MLS: SEF #A11721195

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