One-bedroom home sells in The Presidential

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Leonard S. Singer sold a one-bedroom, one-bath home at 401 Ocean Drive, Unit 1011, in Miami Beach, to Giuseppe Iacono and W. Iacono, Serafina Iacono, Salvatore Decaro and W. Decaro and Michela Decaro for $207,000 on Feb. 27. The home has 655 square-feet of living space.

Built in 1970, the home is located in the South Point neighborhood of Miami Beach. Forty-one similar homes in this neighborhood sold for between $235,000 and $450,000 during the past year.

According to BlockShopper, there have been 1,835 home sales in Miami Beach during the past 12 months with a median sale price of $270,800.

Address: 401 Ocean Drive, Unit: 1011
Buyer(s): Giuseppe Iacono and W Iacono, Serafina Iacono, Salvatore Decaro and W Decaro and Michela Decaro
Seller(s): Leonard S Singer
Sale date: Feb. 27, 2014