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2011 Bay Dr
Miami Beach, FL 33141 (Normandy Isles)
Off Market · Public Record
Contact For Estimate

2011 Bay Dr Miami Beach, FL 33141

(Normandy Isles)
  • 15 baths
  • 12,508 sqft
  • 7,266 sqft lot size
  • Income/Investment
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  • See the local terrain and how close this home is to parks and main streets.

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  • Lowest crime relative to the rest of Miami-Dade county.

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  • 38 Elementary Schools

    23 Middle Schools

    15 High Schools

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Property Details for 2011 Bay Dr


This property is no longer available to rent or buy. This description is from February 06, 2017
Great Cap Rate. Major Upside! Call Jenifer 305-707-1907 Lucrative investment of 15 unit fenced building completely renovated with condo office in building. Laundry room with new washer and dryer. Three units with balcony and one unit nicely furnished. This well located property is just a few blocks from the beach. A block away from Normandy Isle Park and Pool and Normandy Shores Golf Course. All units are one bedroom apartments with spacious floor plans that feature tile flooring, spacious living rooms,new air conditioning units, and updated kitchen & baths. Roof recently replaced, ...exterior freshly painted, new elevator, 15 assigned parking spaces under roof and two guest parking. 40 year certification completed. Close to public transportation. This is a great investment with stabilized rents, offering a great CAP rate for this highly desirable neighborhood! Excellent location just of Normandy Drive in Normandy Shores. Quiet street close to public transportation. Financial Summary (Actual) Year 2016 Operating Expenses $66,163 Scheduled Gross Income $188,400 Net Operating Income $122,237 Unit Mix Information Description No. Units Avg. Mo. Rent Sq. Ft. Balcony Units 3 $1,350 600 sqft Interior Units 12 $1,200 550 sqft
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2011 Bay Dr Public Records


Official property, sales, and tax information from county (public) records as of 11/2016:
    • Residential Income (General) (Multi-Family)
    • Lot Size: 7,266 sqft
    • A/C: Central
    • Subdivision: ISLE OF NORMANDY MIAMI VIEW SEC PART 1
    • 15 Bathrooms
    • Built In 1977
    • 15 Units
    • County: Miami-Dade
    • 12,508 sqft
    • Stories: 4 story
    • Elevator
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Additional Costs For 2011 Bay Dr


Property Taxes and Assessment of 2011 Bay Dr


Land
Improvement
Total
$508,620
+
$921,710
=
$1,430,330
Year Tax Assessment Market
2016 $25,864 $1,271,779  $1,430,330 
Source: Public Records

Price History & Trends


Price History for 2011 Bay Dr


Date Event Price Source Agents
10/06/2010 Sold view detail $1,100,000 Public records Public records  
  • Recording Date
    10/06/2010
  • Contract Date
    09/30/2010
  • Sale Price
    $1,100,000
  • Price Type
    Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
  • City Transfer Tax
    $4,950
  • County Transfer Tax
    $0
  • Total Transfer Tax
    $6,600
  • Transaction Type
    Insured Non-Residential Grant Deed
  • Document Type
    Warranty Deed
06/17/2004 Sold view detail $1,535,000 Public records Public records  
  • Recording Date
    06/17/2004
  • Contract Date
    06/15/2004
  • Sale Price
    $1,535,000
  • Price Type
    Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
  • City Transfer Tax
    $6,908
  • County Transfer Tax
    $0
  • Total Transfer Tax
    $9,210
  • Transaction Type
    Insured Non-Residential Grant Deed
  • Document Type
    Warranty Deed
12/02/1999 Sold view detail $635,000 Public records Public records  
  • Recording Date
    12/02/1999
  • Sale Price
    $635,000
  • Price Type
    Full amount stated on Document.
  • City Transfer Tax
    $0
  • County Transfer Tax
    $0
  • Total Transfer Tax
    $3,810
  • Transaction Type
    Purchase/Resale Arm's Length Residential Transaction
  • Document Type
    Warranty Deed
06/07/1996 Sold view detail $520,000 Public records Public records  
  • Recording Date
    06/07/1996
  • Sale Price
    $520,000
  • Price Type
    Full amount stated on Document.
  • City Transfer Tax
    $0
  • County Transfer Tax
    $0
  • Total Transfer Tax
    $3,120
  • Transaction Type
    Purchase/Resale Arm's Length Residential Transaction
  • Document Type
    Warranty Deed
04/29/1994 Sold view detail $420,000 Public records Public records  
  • Recording Date
    04/29/1994
  • Sale Price
    $420,000
  • Price Type
    Full amount stated on Document.
  • City Transfer Tax
    $0
  • County Transfer Tax
    $0
  • Total Transfer Tax
    $2,520
  • Transaction Type
    Insured Non-Residential Grant Deed
  • Document Type
    Deed

Real Estate Trends in this area

Median sale price for all homes in this area $188,000 0% below listing price

Sold Homes near 2011 Bay Dr


Address Distance Property Type Sold price Sold date Bed Bath Sqft
14100 NW 6th Ct, North Miami FL 5.66 Income/Investment $1,800,000 07/07/17 - 20 12,674
1580 Bay Rd, Miami Beach FL 4.28 Income/Investment $1,633,783 04/24/17 8 6 3,690
4210 Chase Ave, Miami Beach FL 2.49 Multi-Family $1,525,000 02/28/17 4 3 2,445
5777 Lagorce Dr, Miami Beach FL 1.40 Multi-Family $1,550,000 01/12/17 4 4 2,838
939 W 47th Ct, Miami Beach FL 1.95 Multi-Family $1,375,000 05/01/17 5 4.5 3,092