NOT LISTED FOR SALE

Estimated Value: $6,941,000 - $9,706,591

7 Beds
6 Baths
5,000 Sq Ft
$1,742/Sq Ft Est. Value

Last Sold September 15, 2021

Last sale price $5,600,000 $1,120 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $60,628/month

304 Days on Market

Highlights

  • 500 Feet of Waterfront
  • Deeded access to the beach
  • Garden View
  • Key Biscayne K-8 Center Rated A-
  • Tennis Courts
  • Cooking Island

About This Home

As of September 2021

One of the most distinctive and exquisite residences in Oceana, a private intimate beachfront community designed by world famous Architectonica. This private residence boasts nearly 5,200 sq.ft. (492 meters) of interior space. Pool home was designed with meticulous attention to detail and sophistication with a complete understanding of the Miami lifestyle in the city’s best kept secret- Key Biscayne. The prime cul-de-sac corner location of this exquisite architectural marvel sits on rarely found massive 11,000 ft. lot for your privacy, enjoyment & exclusive use. Oceana community provides its residents w/ 500 feet of private beach, infinity & lap pool, exclusive beach services, private restaurant, tennis court, ocean view fitness center, spa services & putting green. Rented until Sept. 2021

Last Agent to Sell the Property

Carlos Mandiola Biscayne

Coldwell Banker Realty License #0698288 Listed on: 02/07/2020

Coldwell Banker Realty

Last Buyer's Agent

Carlos Castro

NestWise Real Estate LLC License #3334209

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $95,898

Year Built

  • Built in 2014

Lot Details

  • 500 Feet of Waterfront
  • Fenced
  • Sprinkler System

HOA Fees

  • $5,265 per month

Parking

  • Attached Garage

Home Design

  • Property Attached

Interior Spaces

  • Primary Bedroom Upstairs
  • 5,000 Sq Ft Home
  • 2-Story Property
  • Garden Views
  • High Impact Door
  • Cooking Island

Outdoor Features

  • Deeded access to the beach
  • Tennis Courts
  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Community Details

  • Association fees include maintenance incl bldg exterior, maintenance incl cable, maintenance incl common area, maintenance incl insurance, maintenance incl lawn/lndscp care, maintenance incl rec facilities, maintenance incl security, maintenance incl trash
  • Oceana Community

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-029-1470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$95,898

Year Built

Built in 2014

Lot Details

0

HOA Fees

$5,265 per month

Parking

4

Listing Details

  • Internet Remarks: One of the most distinctive and exquisite residences in Oceana, a private intimate beachfront community designed by world famous Architectonica.
  • Municipal Code: 24
  • Property Type: Single Family
  • Restrictions: Assoc Approval Required
  • Section: 32
  • Year Built: 2014
  • Year Built Description: Resale
  • Zoning Information: 5000
  • Flood Zone: AE
  • Furnished Info Sold: Unfurnished
  • Intended Use: Unknown/Withheld
  • Lp Amt Sq Ft: 1160.0000
  • Ratio Close Price By List Price: 0.96552
  • Storm Protection: Complete Impact Glass
  • Style: Wf/Pool/Ocean Access
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Front Exposure: East
  • Bedroom Description: Entry Level, Master Bedroom Upstairs
  • Primary Bathroom Description: Bidet, Separate Tub & Shower
  • Dining Description: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Interior Amenities: First Floor Entry, Cooking Island, Pantry, Walk-In Closets
  • Windows Treatments: Blinds/Shades, High Impact Windows, Impact Glass, Verticals
  • Design: Attached
  • Adjusted Area Sq Ft: 5000
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Total Bedrooms: 7
  • Cable Available Yn: Yes
  • Design Description: Two Story
  • Appliances: Circuit Breaker, Dishwasher, Disposal, Dryer, Electric Water Heater, Separate Freezer Included, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Smoke Detector, Washer
  • Furnished Info: Unfurnished
  • Pool: Yes
  • Spa Yn: Yes
  • Sq Ft Liv Area: 5000
  • Total Sq Ft: 5000

Exterior Features

  • View: Garden View
  • Pool: Below Ground Pool
  • Water Access: Deeded Beach Access
  • Waterfront Description: Ocean Front
  • Waterfront Frontage: 500
  • Lot Size: 11,000
  • Construction Type: Cbs Construction, Elevated Construction
  • Roof Description: Concrete Roof
  • Waterfront Property: Yes
  • Exterior Features: Barbeque, Built-In Grill, Fence, High Impact Doors, Exterior Lighting, Open Balcony, Patio, Tennis Court
  • Sprinkler Description: Auto Sprinkler

Garage/Parking

  • Garage Description: Attached
  • Parking Description: Covered Parking, Driveway, Electric Vehicle Charging Station, Golf Cart Parking, Guest Parking
  • Garage Spaces: 4

Utilities

  • Sewer Description: Municipal Sewer
  • Cooling Description: Electric Cooling
  • Heating Description: Electric Heat
  • Water Description: Municipal Water

Condo/Co-op/Association

  • Floor Description: Ceramic Floor
  • Subdivision Complex Bldg: OCEANA KEY BISCAYNE CONDO
  • Development Name: Oceana
  • Housing Older Persons Act: Unverified
  • Association Fee: 5265
  • Subdivision Information: Additional Amenities, Clubhouse, Community Pool, Community Tennis Courts, Exercise Room, Game Room
  • Association Fee Paid Per: Monthly
  • Type of Association: Condo

Fee Information

  • Maintenance Includes: Maintenance Incl Bldg Exterior, Maintenance Incl Cable, Maintenance Incl Common Area, Maintenance Incl Insurance, Maintenance Incl Lawn/Lndscp Care, Maintenance Incl Rec Facilities, Maintenance Incl Security, Maintenance Incl Trash

Lot Info

  • Lot Description: Less Than 1/4 Acre Lot
  • Parcel Number: 24-42-32-029-1470
  • Parcel Number Mlx: 1470

Rental Info

  • Pet Restriction: Restrictions Or Possible Restrictions
  • Pets Allowed: Yes

Tax Info

  • Tax Information: Tax Reflects City & County Tax
  • Tax Amount: 71131
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2020
Closed on
Sep 13, 2021
Sold by
Reef Lane Investments Llc
Bought by
105 Reef Lane Llc
Seller's Agent
Carlos Mandiola Biscayne
Coldwell Banker Realty
Buyer's Agent
Carlos Castro
NestWise Real Estate LLC
List Price
$5,800,000
Sold Price
$5,600,000
Premium/Discount to List
-$200,000
-3.45%
Current Estimated Value
$8,710,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,110,898
Avg. Annual Appreciation
11.76%
Original Mortgage
$3,000,000
Outstanding Balance
$2,741,650
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$5,956,960

Purchase Details

Listed on
Oct 14, 2014
Closed on
Mar 18, 2015
Sold by
Tbd Blue Llc
Bought by
Reef Lane Investments Llc
Seller's Agent
LEONOR ORTEGA
Florida Realty of Miami Corp
Buyer's Agent
Joan McCaughan
Coldwell Banker Realty
List Price
$5,400,000
Sold Price
$5,000,000
Premium/Discount to List
-$400,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.76%
Original Mortgage
$3,000,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 7, 2014
Sold by
Consultatio Key Biscayne Llc
Bought by
Tbd Blue Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
105 Reef Lane Llc $5,600,000 Attorney
Reef Lane Investments Llc $5,000,000 None Available
Tbd Blue Llc $4,600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 105 Reef Lane Llc $3,000,000
Previous Owner Reef Lane Investments Llc $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2021 09/15/21 Sold $5,600,000 -3.4% $1,120 / Sq Ft
12/07/2020 12/07/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $5,800,000 0.0% $1,160 / Sq Ft
04/02/2018 04/02/18 Under Contract -- -- --
03/20/2018 03/20/18 Rented $24,000 -7.7% --
02/23/2018 02/23/18 For Rent $26,000 0.0% --
03/19/2015 03/19/15 Sold $5,000,000 -3.8% $964 / Sq Ft
11/20/2014 11/20/14 Price Changed $5,200,000 -3.7% $1,003 / Sq Ft
10/14/2014 10/14/14 For Sale $5,400,000 -- $1,041 / 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
2025 $95,898 $6,160,272 -- --
2024 $92,749 $5,600,248 -- --
2023 $92,749 $5,091,135 $0 $0
2022 $77,623 $4,871,900 $0 $0
2021 $68,839 $4,300,000 $0 $0
2020 $70,994 $4,300,000 $0 $0
2019 $66,470 $4,016,000 $0 $0
2018 $66,994 $4,183,088 $0 $0
2017 $71,131 $4,403,250 $0 $0
2016 $70,690 $4,275,000 $0 $0
2015 $76,050 $4,500,000 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10814558

MIAMI REALTORS® MLS

APN: 24-4232-029-1470