4 years on rocket

1255 W Ave, Miami Beach, FL, 33139

$15,000,000

0.33 Acres
$9,180/SqFt
Land
Schools Nearby

Location

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Property Highlights

Home TypeResidential
ViewBay
MLS #A10760403
Lot Size0.33 Acres
StatusActive

About 1255 W Ave

BUILD 34,500 SQ. FT. OR POSSIBLY MORE WITH FLORIDA LIVE LOCAL ACT OF A CONDO, HOTEL, CONDO HOTEL, OR HOSTEL. CURRENT HOSTEL, HOTEL & 5AM LIQUOR LICENSES OPERATING FOR OVER 13 YEARS IS BIKINI HOSTEL, CAFE & BEER GARDEN. A PROFITABLE 11,200 SQ. FT. HOSTEL HOTEL WITH 35 ROOMS, OVER 200 BEDS, RESTAURANT / BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS AND A 5AM ALCOHOL LICENSE. KEEP AS IS OR DEMOLISH & DEVELOP THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL OR CONDO-HOTEL ON WEST AVE. ORDINANCE RESTRICTS OTHERS FROM DEVELOPMENT IN THE FUTURE.

Property Details

Property Features

Property Information:

  • Living Area: 1,634 SqFt

Listing Office:

  • Office Name: The Muskat Group, Inc.
  • Office Phone: (305) 253-0000
  • Listing Agent: Phillip Muskat

Exterior Features

Exterior Information:

  • View: Bay

Lot Features

Lot Information:

  • Lot Size: 0.33 Acres

School Info

Assigned Schools Information:

  • Miami Beach Senior High School, Public District Grades 9-12
  • Nautilus Middle School, Public District Grades 6-8
  • Fienberg/Fisher K-8 Center, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $15,000,000
  • Price Per SqFt: $9,180/SqFt

Tax Information:

  • Annual Amount: $23,891
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami Beach, FL.

Med. Sold Price

$590.2K

Med. Price/SqFt

$580

Avg. Days On Market

89

# of Sold Homes

163

1255 W Ave vs Miami Beach

1663 DAYS ON ROCKET

+1574 Days

$15,000,000

+$14.4M More

$9,180/SqFt

+$8.5K More

KEY TAKEAWAY

This property is $14.4M more than the Median Sold Price and $8.5K/SqFt more than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A10760403

Listing Office:

  • Office Name: The Muskat Group, Inc.
  • Office Phone: (305) 253-0000
  • Listing Agent: Phillip Muskat

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/11/2024, 7:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$23,891$1,376,270
2018$23,694$1,261,184
2017$23,824$1,431,112

History based on county public records data.

Payment Calculator

$74.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$45K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-10313224
5
/10
  • Fienberg/Fisher K-8 Center

  • 1420 Washington Ave

  • 0.62 miles

  • Public District Grades PK-5

Middle School

school-card-donut-10313225
5
/10
  • Nautilus Middle School

  • 4301 N Michigan Ave

  • 2.26 miles

  • Public District Grades 6-8

High School

school-card-donut-10313226
5
/10
  • Miami Beach Senior High School

  • 2231 Prairie Ave

  • 1.17 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,123. The majority of Miami Beach, FL residents have income between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1255 W Ave

What is the listing price of this property?

The listing price of 1255 W Ave property is $15,000,000.

What type of property is this?

The property 1255 W Ave is land located in Miami Beach, Florida, 33139.

Is this property for sale now?

Active Listing: 1255 W Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1255 W Ave are:
Fienberg/Fisher K-8 Center: GreatSchools Rating 5/10
Nautilus Middle School: GreatSchools Rating 5/10
Miami Beach Senior High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $23,891 (source: MLS/based on county public records data).

How much acreage is this property?

The property 1255 W Ave is 0.33 acres.
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Rocket HomesFloridaMiami-Dade CountyMiami Beach331391255 W Ave

This home is located at 1255 W Ave in Miami Beach, FL and zip code 33139 in the Flamingo / Lummus neighborhood. This 1,634 square foot home sits on a 0.33 acre lot. It has been listed on Rocket Homes since October 21, 2019 and is currently priced at $15,000,000.

Over 8 listings were sold over their listed price in April 2024 in Miami Beach, FL. In the same period over 140 listings were sold below the listed price and 15 listings were sold for the listed price. The number of listings in Miami Beach, FL increased by 5.8% between March 2024 and April 2024. The median list price of listings available in April 2024 was $590,290, while the average time on the real estate market was 89 days.

From Rocket Homes Real Estate and based on county public records data.

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