15 days on rocket

7905 Crespi Blvd, Miami Beach, FL, 33141

$1,600,000

Home List Price

$10,000*

Closing Credit

0 Baths
1,946 SqFt
$822/SqFt
Multi
Schools Nearby

Location

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7905 Crespi Blvd, Miami Beach$1,600,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1947
HeatingOther
CoolingCeiling Fan(s), Wall/Window Unit(s)
WaterfrontCanal
MLS #A11579853
StatusActive

About 7905 Crespi Blvd

Amazing opportunity to own a waterfront duplex plus a studio in non-gated Biscayne Point. CAP Rate 3%. The lot is 5,750 Sqft with the option to buy the fourplex next to it located at 7885 Crespi and combine the two lots for total of 11,500 Sqft. You may renovate and increase the rents; or rebuild to increase the amount of units up to 15-22 combining 7885-7905 Crespi Blvd lots. The property consists of three units of 2 two bedrooms-two bathrooms and a studio in the back. Monthly income of $4,095 with potential to increase to $6,400. All the leases are month to month. This property already passed the 40 year inspection in 2019. 50% seller financing at 10% interest

Property Details

Property Features

Property Information:

  • Year Built: 1947
  • Stories: 1
  • Living Area: 1,946 SqFt

Listing Office:

  • Office Name: Miami Residential Group
  • Office Phone: (305) 647-2663
  • Listing Agent: Cuindney Mantilla

Interior Features

Interior Information:

  • Flooring Type: Tile

Exterior Features

Exterior Information:

  • Waterfront: Canal
  • Exterior: Deck

Virtual/3D Tour

  • Virtual Tour: 7905 Crespi Blvd

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Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Miami Beach Senior High School, Public District Grades 9-12
  • Nautilus Middle School, Public District Grades 6-8
  • Biscayne Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,600,000
  • Price Per SqFt: $822/SqFt

Tax Information:

  • Annual Amount: $9,691
  • Tax Year: 2020
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Housing Market Comparison

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

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Miami Beach, FL

City

Med. Sold Price

$590.2K

Med. Price/SqFt

$580

Avg. Days On Market

89

# of Sold Homes

163

7905 Crespi Blvd vs Miami Beach

15 DAYS ON ROCKET

-74 Days

$1,600,000

+$1.0M More

$822/SqFt

+$241 More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $241/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: #A11579853

Listing Office:

  • Office Name: Miami Residential Group
  • Office Phone: (305) 647-2663
  • Listing Agent: Cuindney Mantilla

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: 5/18/2024, 12:20:32 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$9,691$500,591
2018$8,539$431,489
2017$8,187$494,732

History based on county public records data.

Payment Calculator

$8,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

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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-2919793
6
/10

  • Biscayne Elementary School

  • 800 77th St

  • 0.21 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2919794
5
/10

  • Nautilus Middle School

  • 4301 N Michigan Ave

  • 3.38 miles

  • Public District Grades 6-8

High School

school-card-donut-2919795
6
/10

  • Miami Beach Senior High School

  • 2231 Prairie Ave

  • 4.52 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,779. Residents of Miami Beach, FL typically earn between $35k-100k each year. 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

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33141›7905 Crespi Blvd

This home is located at 7905 Crespi Blvd in Miami Beach, FL and zip code 33141 in the Biscayne Point neighborhood. This 1,946 square foot home was built in 1947. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $1,600,000.

In April 2024, from all listings sold in Miami Beach, FL there were more than 8 sold above asking price, over 140 sold below and more than 15 were sold right at the asked price. The number of homes for sale in Miami Beach, FL increased by 5.8% between March 2024 and April 2024. Listings spent 89 days on the market in April 2024, and had a median list price of $590,290 during the same period.

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

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