Sold for $251,000

$251,000

525 Meridian Ave APT 205, Miami Beach, FL 33139

1beds

590sqft

Condominium

Built in 1969

-- sqft lot

$237,500 Zestimate^®

$425/sqft

$2,394 Estimated rent

Home value

$237,500

$216,000 - $261,000

$2,394/mo

Zestimate^® history

Owner options

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$2,394/mo

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$2,394/mo

Rent Zestimate^®

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$2,133/mo

Est. payment

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$2,133/mo

Est. payment

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What's special

Excellent investment opportunity in a prime location, this apartment is perfect for those seeking a property with sustainable income potential. Situated in a highly sought-after rental area, this property currently features two bedrooms, significantly enhancing its profitability potential. With easy access to the beach, shops, and restaurants, this property offers comfort and convenience. Currently, it's rented on a month-to-month basis. Don't miss the chance to invest in this perfect retreat in South Beach.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Heating

Central, Electric

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Electric Water Heater

Features

Entrance Foyer, Central Vacuum, Elevator
Flooring: Ceramic Tile

Interior area

Total structure area: 590
Total interior livable area: 590 sqft

Property

Parking

Total spaces: 1
Parking features: 1 Space
Garage spaces: 1

Features

Entry location: Foyer
Exterior features: Balcony
Has view: Yes
View description: None

Details

Parcel number: 0242030670110

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

Concrete Block Construction

Condition

Year built: 1969

Utilities & green energy

Electric: Circuit Breakers

Community & HOA

Community

Security: No Security
Application fee: $150
Pet fee: $350
Subdivision: 525 Meridian Condo

HOA

Has HOA: Yes
Amenities included: Other
HOA fee: $400 monthly

Location

Region: Miami Beach

Financial & listing details

Price per square foot: $425/sqft
Tax assessed value: $212,683
Annual tax amount: $4,006
Date on market: 2/15/2024
Listing terms: All Cash,Conventional

Price history

Date	Event	Price
12/18/2024	Sold	$251,000-16.1%$425/sqft
Source: MIAMI #A11533877 Report a problem
9/11/2024	Price change	$299,000-3.9%$507/sqft
Source: MIAMI #A11533877 Report a problem
8/6/2024	Price change	$311,000-14.8%$527/sqft
Source: MIAMI #A11533877 Report a problem
2/16/2024	Listed for sale	$365,000+7.4%$619/sqft
Source: MIAMI #A11533877 Report a problem
1/11/2024	Listing removed	--
Source: MIAMI #A11418145 Report a problem
7/12/2023	Listing removed	$340,000$576/sqft
Source: MIAMI #A11418145 Report a problem
7/12/2023	Listed for sale	$340,000+120.8%$576/sqft
Source: MIAMI #A11418145 Report a problem
5/15/2018	Sold	$154,000-3.7%$261/sqft
Source: Public Record Report a problem
2/6/2018	Price change	$159,900-3.1%$271/sqft
Source: CENTURY 21 World Connection #A10408476 Report a problem
1/26/2018	Listed for sale	$165,000-5.7%$280/sqft
Source: Century 21 World Connection #A10408476 Report a problem
12/26/2017	Listing removed	$174,900$296/sqft
Source: Koslovsky Realty #A10316420 Report a problem
10/1/2017	Price change	$174,900-5.4%$296/sqft
Source: Koslovsky Realty #A10316420 Report a problem
7/25/2017	Listed for sale	$184,950$313/sqft
Source: Koslovsky Realty #A10316420 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,990 -10.1%	$212,683 -8.8%
2024	$4,438 +10.8%	$233,204 +10%
2023	$4,006 +120.7%	$212,004 +53.8%
2022	$1,815 +1.2%	$137,828 +3%
2021	$1,794 +1.6%	$133,814 +1.4%
2020	$1,765 +3.2%	$131,967 +2.3%
2019	$1,710 -33.5%	$129,000 -5.7%
2018	$2,572	$136,795 +8%
2017	$2,572 +3.6%	$126,696 +10%
2016	$2,483 +3.1%	$115,179 +10%
2015	$2,409 +11.4%	$104,709 +10%
2014	$2,163 +34.3%	$95,190 +10%
2013	$1,610	$86,537 +10%
2012	$1,610 -6.1%	$78,670 -5%
2011	$1,714 -6.2%	$82,810
2010	$1,827 +7.3%	$82,810
2009	$1,703 -49%	$82,810 -50%
2007	$3,341 +8%	$165,620
2006	$3,093	--
2005	$3,093 +86.4%	--
2004	$1,659 -1.3%	--
2003	$1,681 +36.8%	--
2002	$1,229	--
2001	$1,229	--