5 months on rocket

242 Meridian Ave, Miami Beach, FL, 33139

$3,950,000

5 Bedrooms
4 Full Baths
1,806 SqFt
$2,187/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingOn Street
Year Built1921
HeatingElectric
CoolingCentral Air
ViewNone
MLS #A11618453
StatusActive

About 242 Meridian Ave

Unique single-family home in South of Fifth, In a league of its own, renovated 4 Bed 3 Bath + office and an extra fully independent studio guest house extension all nested on a large 4200SF lot. Main house is a gorgeous 4 bed 3 bath + office with high vaulted ceilings. Income producing 355SF guest house. Brand new roof, new high impact windows & doors, decorative fireplace, sauna & open custom kitchen. Lushly landscaped back courtyard offers full outdoor kitchen with grill, refrigerator & sink. Outdoor shower, storage shed, connection-ready for 22’ jacuzzi & pool installation without need for permits. Turn-Key as is, or build a 4-story mansion.Enjoy South Pointe Pier, watch the ships pass by as you sit outside at Smith & Wollensky or best food experience at Prime 112, Papi Steak or Milo's

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, One Story, Twin Home
  • Year Built: 1921
  • Stories: 1
  • Living Area: 1,806 SqFt

Listing Office:

  • Office Name: Keller Williams Miami Beach Realty
  • Office Phone: (305) 695-1112
  • Listing Agent: Bulent Urak

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Disposal, Refrigerator, Washer
  • Flooring Type: Marble
  • Interior: Bedroom on Main Level, First Floor Entry, Fireplace, High Ceilings, Living/Dining Room, Custom Mirrors, Main Level Primary, Vaulted Ceiling(s), Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: None
  • Exterior: Barbecue, Outdoor Grill, Shed

Parking Information:

  • Parking: On Street

Virtual/3D Tour

  • Virtual Tour: 242 Meridian Ave
Virtual Tour

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,950,000
  • Price Per SqFt: $2,187/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Annually

Tax Information:

  • Annual Amount: $24,412
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$617.5K

Med. Price/SqFt

$605

Avg. Days On Market

97

# of Sold Homes

73

242 Meridian Ave vs Miami Beach

170 DAYS ON ROCKET

+73 Days

$3,950,000

+$3.3M More

$2,187/SqFt

+$1.5K More

KEY TAKEAWAY

This property is $3.3M more than the Median Sold Price and $1.5K/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: #A11618453

Listing Office:

  • Office Name: Keller Williams Miami Beach Realty
  • Office Phone: (305) 695-1112
  • Listing Agent: Bulent Urak

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: 12/22/2024, 12:20:50 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$24,412$1,261,000
2018$19,144$882,602
2017$18,487$1,261,000

History based on county public records data.

Payment Calculator

$19.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$11.9K

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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-967990
6
/10
  • South Pointe Elementary School

  • 1050 4th St

  • 0.20 miles

  • Public District Grades PK-5

school-card-donut-967991
5
/10
  • Fienberg/Fisher K-8 Center

  • 1420 Washington Ave

  • 1.00 miles

  • Public District Grades PK-5

school-card-donut-967992
9
/10
  • Miami Children's Museum Charter School

  • 980 MacArthur Cswy

  • 2.65 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $121,786. The majority of Miami Beach, FL residents have income $200k+ annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 242 Meridian Ave

What is the listing price of this property?

The listing price of 242 Meridian Ave property is $3,950,000.

What type of property is this?

The property 242 Meridian Ave is a house located in Miami Beach, Florida, 33139.

Is this property for sale now?

Active Listing: 242 Meridian Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $24,412 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 242 Meridian Ave has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 242 Meridian Ave is 1,806 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 242 Meridian Ave is 1921.
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Rocket HomesFloridaMiami-Dade CountyMiami Beach33139242 Meridian Ave

This home is located at 242 Meridian Ave in Miami Beach, FL and zip code 33139 in the South Point neighborhood. This 1,806 square foot home was built in 1921. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 05, 2024 and is currently priced at $3,950,000.

In November 2024 more than 2 listings in Miami Beach, FL were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 65 were sold below. The number of listings in Miami Beach, FL increased by 14.3% between October 2024 and November 2024. In November 2024 median list price was $617,500 and the average listing age was 97 days.

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

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