$509,000
SOLD AUG 27, 2012
2 Beds
2 Baths
1,790 Sq Ft
$1,105/mo HOA Fee

Recently Sold

$284 Per Sq Ft

362 Days on Market

Highlights

  • Property has ocean access
  • Lagoon View
  • Jetted Tub in Primary Bathroom
  • Key Biscayne K-8 Center Rated A-
  • Waterfront
  • Heated Community Pool

About This Home

As of November 2018

Unique opportunity in the Island of Key Biscayne; combining leisure & investment!This unit is part of a selected group that allows short term rentals. Spacious 2 bed floor plan with additional bonus room, currently a custom made office. Breakfast nook. Bu ilt ins. Wonderfully maintained!Screened balcony overlooks lush vegetation! Stroll to the beach through gardens & waterfalls! Enjoy heated pools, tennis courts & all other amenities offered by this gated complex with 24 hour security.Two parking spaces!

Last Agent to Sell the Property

Tomas De Mello

Tom De Mello Real Estate Services License #3032375 Listed on: 05/03/2011

Last Buyer's Agent

Martina San Miguel

Universal Fidelity Group License #3114129

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,910

Year Built

  • Built in 1981

Lot Details

  • East Facing Home

HOA Fees

  • $1,105 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Garden

Interior Spaces

  • 1,790 Sq Ft Home
  • 4-Story Property
  • Built-In Features
  • Blinds
  • Sliding Windows
  • Combination Dining and Living Room
  • Ceramic Tile Flooring

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Accessible Elevator Installed
  • Property has ocean access
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-024-2690

Community Details

Overview

  • Low-Rise Condominium
  • Key Colony Botanica Condos
  • Key Colony Botanic Subdivision

Amenities

  • Trash Chute
  • Bike Room
  • Elevator

Recreation

  • Community Playground
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Security

  • Security Guard
  • Card or Code Access
  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,910

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,105 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Directions: GPS PLEASE!
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: Key Colony - Botanic
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Washer
  • Interior Amenities: Built-in Features, Elevator, Pantry, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor, Other
  • Furnished: Unfurnished
  • Living Area: 1790
  • Possible Use: Unknown/Withheld
  • Stories: 4
  • Window Features: Hurricane Shutters, Blinds, Other Windows, Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Master Bathroom Features: Whirlpool/Spa

Exterior Features

  • View: Garden View, Lagoon
  • Exterior Features: Other, Tennis Court(s)
  • Direction Faces: East
  • Disclosures: Disclosure
  • Patio And Porch Features: Screened Porch
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Key Colony - Botanica
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Elevator Secure, Card Entry, Guard At Site

Condo/Co-op/Association

  • Association Fee: 1105
  • Amenities: Bike Storage, Elevator(s), Heated Pool, Other, Child Play Area, Pool, Spa/Hot Tub, Tennis Court(s), Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-42-32-024-2690
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Multi Family

  • Maintenance Expense: 1105

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 4910

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2021
Sold by
Bek Properties Llc
Bought by
Patini Investments Llc
Current Estimated Value
$1,358,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,125
Outstanding Balance
$662,783
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$691,503

Purchase Details

Listed on
Aug 9, 2018
Closed on
Nov 2, 2018
Sold by
Cadaques Llc
Bought by
Bek Properties Llc
Seller's Agent
Monica Penagos
One Sotheby's International Realty
Buyer's Agent
Geraldine Morales
MMLS Assoc.-Inactive Member
List Price
$845,000
Sold Price
$800,000
Premium/Discount to List
-$45,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%

Purchase Details

Closed on
Sep 30, 2013
Sold by
Gould Investments Llc
Bought by
Cadaques Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 3, 2011
Closed on
Aug 14, 2012
Sold by
Leanora V Rocha Tr
Bought by
Gould Investments Llc
Seller's Agent
Tomas De Mello
Tom De Mello Real Estate Services
Buyer's Agent
Martina San Miguel
Universal Fidelity Group
List Price
$509,000
Sold Price
$509,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.93%

Purchase Details

Closed on
Feb 7, 2001
Sold by
Paulo and Rocha Leanora V
Bought by
Rocha Lenora

Purchase Details

Closed on
Dec 1, 1993
Sold by
Anderson Kenneth M and Anderson Janice W
Bought by
Araujo Da Rocha Paulo Murillo and Rocha Leanora Verrigni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.75%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,295 Bryn & Associates Pa
Warranty Deed $800,000 Attorney
Warranty Deed $775,000 Attorney
Deed $509,000 --
Warranty Deed -- --
Warranty Deed $340,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $710,125 New Conventional
Previous Owner $325,000 Adjustable Rate Mortgage/ARM
Previous Owner $150,000 Credit Line Revolving
Previous Owner $200,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2018 11/02/18 Sold $800,000 -5.3% $466 / Sq Ft
10/08/2018 10/08/18 Pending -- -- --
08/08/2018 08/08/18 For Sale $845,000 0.0% $493 / Sq Ft
10/30/2015 10/30/15 Rented $5,350 -9.3% --
09/30/2015 09/30/15 Under Contract -- -- --
06/02/2015 06/02/15 For Rent $5,900 0.0% --
08/27/2012 08/27/12 Sold $509,000 0.0% $284 / Sq Ft
04/30/2012 04/30/12 Pending -- -- --
05/03/2011 05/03/11 For Sale $509,000 -- $284 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $14,229 $939,966 -- --
2023 $14,229 $854,515 $0 $0
2022 $12,548 $776,832 $0 $0
2021 $9,994 $595,000 $0 $0
2020 $9,824 $595,000 $0 $0
2019 $11,007 $665,000 $0 $0
2018 $12,117 $779,762 $0 $0
2017 $11,078 $672,551 $0 $0
2016 $10,110 $611,410 $0 $0
2015 $9,860 $560,461 $0 $0
2014 $8,811 $509,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: M1501558

MIAMI REALTORS® MLS

APN: 24-4232-024-2690