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Key Details
Sold Price $609,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 600 sqft
Price per Sqft $1,015
Subdivision Roney Palace Condo
MLS Listing ID A10981433
Sold Date 04/05/21
Style High Rise
Full Baths 1
Construction Status Resale
HOA Y/N Yes
Year Built 1926
Tax Year 2020
Contingent Pending Inspections
Property Description
15th floor oceanfront studio with balcony in building shared with the luxury 1Hotel, recently voted to USA Today's 10 Best Hotels in America. Rare "11" line studio, best view, closest to the ocean. Building Renovation underway to be completed in 2021 matching the 1 Hotel gorgeous interior design and beauty. Great opportunity. Rented directly by owner on a monthly basis. Well over $100,000 in rent booked since 2017 while owner also was still able to enjoy his property part-time. $4500 per month in net rent booked for high season. $24,000 in booked rent net to owner for upcoming 6 months, Nov thru April 2021. Buyer must assume approx $24,000 in special
assessments related to the renovation and keep in mind that by completion, unit value will significantly increase.
Location
State FL
County Miami-dade County
Community Roney Palace Condo
Area 32
Direction I95 TO 19 ST ALTON ROAD SOUTH TO DADE BLVD TO 23RD TO COLLINS. ENTER RED LIGHT AT 23RD.
Interior
Interior Features Breakfast Bar, Family/Dining Room, Main Living Area Entry Level, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Furnishings Furnished
Appliance Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven
Laundry Common Area
Exterior
Exterior Feature Balcony
Garage Attached
Garage Spaces 1.0
Pool Association
Amenities Available Laundry, Pool, Spa/Hot Tub
Waterfront Yes
Waterfront Description Ocean Front
View Y/N Yes
View Ocean, Pool, Water
Porch Balcony, Open
Parking Type Attached, Garage, One Space, Valet
Garage Yes
Building
Faces Northeast
Architectural Style High Rise
Structure Type Block
Construction Status Resale
Others
HOA Fee Include Amenities
Senior Community No
Tax ID 02-32-26-043-1510
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Listed As-Is
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Bought with Douglas Elliman
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