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2301 Collins Ave #1511 Miami Beach, FL 33139
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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
Style High Rise
Full Baths 1
Year Built 1926
Tax Year 2020
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
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Laundry Common Area
Exterior
Exterior Feature Balcony
Parking Features Attached
Garage Spaces 1.0
Pool Association
Amenities Available Laundry, Pool, Spa/Hot Tub
Waterfront Description Ocean Front
View Y/N Yes
View Ocean, Pool, Water
Building
Structure Type Block
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listed As-Is
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Bought with Douglas Elliman