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700 North Miami Avenue

700 North Miami Avenue, Miami, FL 33136
Property in Miami Arena
Local assessors in Miami, FL have categorized 700 North Miami Avenue as a vacant type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 204,732 square feet.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete control joints. The building has a roof that is made of composition shingle. Residents rely on a refrigeration air conditioning system for their cooling system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 700 North Miami Avenue was last sold in Jul 2, 2021 for $94,000,000. According to our calculations, that's $503.56 per sqft. Current property owners are expected to pay $1,552,251 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2011. The property on 700 North Miami Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $67,638,459. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Concrete
  • Roof Cover Type: Composition shingle
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 204,732
  • Total Building Area: 186,672
  • Building Area: 186,672

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: MIAMI ARENA SUB
  • Land Acres: 4.7
  • Standard Land Use Code: Commercial-vacant land
  • State Land Use Code: Miscellaneous (general)
  • Legal Description 1: MIAMI ARENA SUB PB 129-53 TRS A & B & C LESS BEG NW COR OF TR C TH N 00 DEG W 132.40FT SELY AD 130.86FT SWLY AD 93.65FT S 89 DEG E 84.11 FT N 00 DEG W 75FT TO POB & LESS BEG 38.04FTW OF SE COR OF TR C TH S 89 DEG W 11.96FT N 00 DEG E 59.45FT SWLY AD

Ownership

  • Current Owner : WG 700 NORTH MIAMI LLC
  • Previous Owner : P & G INVESTORS HOLDINGS LLC
  • Owner Before Previous Owner: OLD ARENA LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI (DDA)
  • Census Tract: 003709

Zoning

  • Zoning: 6412

Geography

  • District: 01
  • Subdivision Tract Number: A,B,C
  • Parcel: 01-3137-025-0011
  • Block: C
  • Meridian: SEC 37 TWN 53S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7811
  • Longitude: -80.1948

    Address

  • Full Address: 700 N Miami Ave
  • Address - House Number: 700
  • Street Direction: N
  • Address - Street Name: Miami
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami
  • Carrier Code: C079
  • 4-Digit Zip Code: 4106
  • Zip Code: 33136

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,552,251
  • Intital Tax Deliquent Year: 2011
  • Tax Rate Code Area: 101

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $57,300,000
  • First Open Lien Mortgage Lender: CMTG LENDER 66 LLC
  • First Open Lien Mortgage Recording Date: Jul 21, 2021
  • First Open Lien Mortgage Loan Amount: $57,300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $87,080,245
  • Market Land Value: $87,011,100
  • Market Improvement Value: $69,145

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,638,459

    Sales

  • Current Sale Contract Date: Jul 02, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Transaction ID: 11846392408
  • Current Sale Price: $94,000,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2021R0524480
  • Previous Sale Recording Date: Mar 06, 2017
  • Previous Sale Contract Date: Mar 03, 2017
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMTG LENDER 66 LLC
  • First Mortgage Transaction Date: Jul 21, 2021
  • First Mortgage Loan Amount: $57,300,000
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: OLD ARENA LLC
  • Previous Mortgage Transaction Date: Mar 06, 2017
  • Previous Mortgage Loan Amount: $23,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Downtown Miami



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Frequently Asked Questions

What neighborhood is 700 North Miami Avenue located in?
The 700 North Miami Avenue is a located in the neighborhood of Miami Arena in Downtown Miami, Miami.
What is the average sales price for listings in 700 North Miami Avenue?
The average sales price for units in 700 North Miami Avenue is $0 currently.

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