2 months on rocket

1420 16th St, Miami Beach, FL, 33139

$2,900,000

0 Baths
4,460 SqFt
$650/SqFt
Multi

Location

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Property Highlights

Home TypeQuadruplex
Year Built1955
HeatingElectric
CoolingWall/Window Unit(s)
MLS #A11659446
StatusActive

About 1420 16th St

Sought after and desirable South Beach location on tranquil street. Income-producing two-story fourplex steps away from the bay and Lincoln Road. Total of 2 2 bed / 2 bath units and 2 2 bed 1 bath units Zoned RM-2. Can be used for SHORT TERM rentals as a lucrative Air B n B business with a BTR license. The building is well maintained with hurricane doors and windows, upgraded electrical, energy-efficient water heaters, and new PVC piping for water and sewer. No REPAIRS NECESSARY* Units larger than tax roll Each unit has a balcony or private porch. Total of four parking spaces. Fully rented with long-term tenants. DO NOT DISTURB TENANTS* Buyer must show proof of funds and sign NDA to obtain financials.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1955
  • Stories: 2
  • Living Area: 4,460 SqFt

Listing Office:

  • Office Name: Lifestyle International Realty
  • Office Phone: (305) 809-8085
  • Listing Agent: Shana Santalla

Interior Features

Interior Information:

  • Flooring Type: Tile, Wood

Virtual/3D Tour

  • Virtual Tour: 1420 16th St
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Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,900,000
  • Price Per SqFt: $650/SqFt

Tax Information:

  • Annual Amount: $23,251
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$604.5K

Med. Price/SqFt

$600

Avg. Days On Market

101

# of Sold Homes

92

1420 16th St vs Miami Beach

63 DAYS ON ROCKET

-38 Days

$2,900,000

+$2.2M More

$650/SqFt

+$49 More

KEY TAKEAWAY

This property is $2.2M more than the Median Sold Price and $49/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: #A11659446

Listing Office:

  • Office Name: Lifestyle International Realty
  • Office Phone: (305) 809-8085
  • Listing Agent: Shana Santalla

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: 11/17/2024, 2:20:52 PM 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$23,251$1,201,000
2018$21,986$1,028,207
2017$21,209$1,422,094

History based on county public records data.

Payment Calculator

$14.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,761

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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.

Nearby Schools

school-card-donut-441490
5
/10
  • Fienberg/Fisher K-8 Center

  • 1420 Washington Ave

  • 0.76 miles

  • Public District Grades PK-5

school-card-donut-441491
6
/10
  • South Pointe Elementary School

  • 1050 4th St

  • 1.13 miles

  • Public District Grades PK-5

school-card-donut-441492
8
/10
  • North Beach Elementary School

  • 4100 Prairie Ave

  • 1.92 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,096. The most common annual income of people living in Miami Beach, FL is between $35k-100k. 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

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Rocket HomesFloridaMiami-Dade CountyMiami Beach331391420 16th St

This home is located at 1420 16th St in Miami Beach, FL and zip code 33139. This 4,460 square foot home was built in 1955. It has been listed on Rocket Homes since September 15, 2024 and is currently priced at $2,900,000.

Over 6 listings were sold over their listed price in October 2024 in Miami Beach, FL. In the same period over 77 listings were sold below the listed price and 9 listings were sold for the listed price. In October 2024 in Miami Beach, FL there were 15.1% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $604,583, while the average time on the real estate market was 101 days.

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

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