NOT LISTED FOR SALE

Towers of Key Biscayne 1111 Crandon Blvd Unit C501 Key Biscayne, FL 33149

Estimated Value: $1,340,000 - $1,653,000

2 Beds
2 Baths
1,782 Sq Ft
1972 Built

Sale Details

Date Sold: July 14, 2023

Last sale price $1,360,000 $763 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $11,589 / mo

152 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Sitting Area In Primary Bedroom
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Marble Flooring

About This Home

As of July 2023

State Park views and peaks of the ocean from this beautifully remodeled 01-line corner unit at the Towers of Key Biscayne. The unit includes marble floors throughout, quartz countertop in kitchen, marble bathrooms, toto toilet in master bathroom, floor to ceiling impact glass windows, and storage unit. The Towers of Key Biscayne offers privacy, tranquility, and resort like amenities which include direct beach access, 2 pools, 2 tennis courts, 2 fitness centers, 2 party rooms, gourmet restaurant and lounge, billards / media / poker room, children's playroom, hair salon, outdoor grill / BBQ area, watercraft storage, golf cart charging area, vehicle wash area, on-site management, guest parking, concierge, and 24 hour security.

Last Agent to Sell the Property

Ivette Fernandez

Semsch Realty License #0699760 Listed on: 02/11/2023

Last Buyer's Agent

Pilar Pava

PAVA Realty, LLC. License #3136815

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,977

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • Ocean Front

HOA Fees

  • $1,968 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Guest Parking
  • Assigned Parking

Home Design

  • Entry on the 5th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,782 Sq Ft Home
  • Plantation Shutters
  • Blinds
  • Storage Room
  • Marble Flooring
  • Garden Views

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access

Schools

  • Keybiscayne Elementary School
  • Ponce De Leon Middle School
  • Mast Academy High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24-52-04-010-2140

Community Details

Overview

  • Mid-Rise Community
  • The Towers Of Key Biscayn Condos
  • Towers Of Key Biscayne Co Subdivision
  • Car Wash Area
  • 12-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Trash Chute
  • Billiard Room
  • Community Center
  • Party Room
  • Laundry Facilities
  • Interior Hall
  • Community Storage Space

Recreation

  • Community Playground

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Secure Elevator
  • High Impact Door
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,977

Year Built

Built in 1972 | Remodeled

Lot Details

0 Sq Ft Lot

HOA Fees

$1,968 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1972
  • Property Sub Type: Condominium
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: TOWERS OF KEY BISCAYNE CO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Interior Hall, First Floor Entry, Closet Cabinetry, Cooking Island, Fire Sprinklers, Walk-In Closet(s), Storage, Utility Room/Laundry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1782
  • Possible Use: Primary
  • Stories: 12
  • Window Features: Blinds, Plantation Shutters
  • Bedroom Features: Primary Bath Shower, Sitting Area - Primary Bedroom
  • Living Room Features: Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks

Exterior Features

  • View: Garden View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: The Towers of Key Biscayn
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Assigned, Covered, Guest

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry, Common Area
  • Security: Fire Sprinklers, Smoke Detector, Doorman, Elevator Secure, Security Patrol

Condo/Co-op/Association

  • Association Fee: 1968
  • Amenities: Billiard Room, Barbecue, Community Room, Elevator(s), Exercise Room, Storage, Child Play Area, Pool, Tennis Court(s), Trash Chute, Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel Number: 24-52-04-010-2140
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6977

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2024
Sold by
Illingworth Posey Michael and Santana Sonia Y
Bought by
Posey Michael Illingworth and Michael I Posey And Sonia Y Santana Revocable
Current Estimated Value
$1,512,395

Purchase Details

Listed on
Feb 11, 2023
Closed on
Jul 14, 2023
Sold by
Fernandez Manuel A and Fernandez Mayda O
Bought by
Illingworth Posey Michael
Seller's Agent
Ivette Fernandez
Semsch Realty
Buyer's Agent
Pilar Pava
PAVA Realty, LLC.
List Price
$1,375,000
Sold Price
$1,360,000
Premium/Discount to List
-$15,000
-1.09%
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.00%
Original Mortgage
$1,088,000
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2009
Sold by
Hafner Nicholas D and Hafner Amy C
Bought by
Fernandez Manuel A and Fernandez Mayda O

Purchase Details

Closed on
Sep 12, 2003
Sold by
Torres Carlos E and Torres Luciana V
Bought by
Hafner Nicholas D and Hafner Amy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
2.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 2003
Sold by
Ratliff Malcolm E
Bought by
Torres Carlos E and Torres Luciana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,600
Interest Rate
5.93%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 25, 1999
Sold by
Jose M & Marta P Berenguer Trs
Bought by
Silva Anthony J

Purchase Details

Closed on
Sep 8, 1997
Sold by
Berenguer Jose M and Berenguer Marta P
Bought by
The Marta P Berenguer Rev Trust

Purchase Details

Closed on
Sep 7, 1995
Sold by
Wqanderley Walduck
Bought by
Berenger Jose M and Berenguer Marta P

Purchase Details

Closed on
Mar 22, 1994
Sold by
Silver Spur Corp
Bought by
Wanderley Walduck
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Posey Michael Illingworth -- Nunez Estate Law & Title, P.A.
Illingworth Posey Michael -- Nunez Estate Law & Title, P.A.
Illingworth Posey Michael $1,360,000 Titles Unlimited
Fernandez Manuel A $700,000 Attorney
Hafner Nicholas D $475,000 --
Torres Carlos E $339,500 --
Silva Anthony J $332,500 --
The Marta P Berenguer Rev Trust $100 --
The Jose M Berenguer Jr Rev Trust $100 --
Berenger Jose M $290,000 --
Wanderley Walduck $378,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Illingworth Posey Michael $1,088,000
Previous Owner Hafner Nicholas D $380,000
Previous Owner Torres Carlos E $271,600
Closed Torres Carlos E $50,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2023 07/14/23 Sold $1,360,000 -1.1% $763 / Sq Ft
02/11/2023 02/11/23 For Sale $1,375,000 -- $772 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $17,714 $1,050,750 -- --
2024 $7,081 $1,167,500 -- --
2023 $7,081 $479,869 $0 $0
2022 $6,977 $465,893 $0 $0
2021 $6,999 $452,324 $0 $0
2020 $6,718 $446,079 $0 $0
2019 $6,568 $436,050 $0 $0
2018 $6,221 $427,920 $0 $0
2017 $6,138 $419,119 $0 $0
2016 $6,144 $410,499 $0 $0
2015 $6,235 $407,646 $0 $0
2014 $6,328 $404,411 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pilar Pava

    Buyer's Agent in 2023

    Pilar Pava

    PAVA Realty, LLC.

    (305) 494-0334

    10 Total Sales

    Pilar Pava
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About Towers of Key Biscayne

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11341809

MIAMI REALTORS® MLS

APN: 24-5204-010-2140

Florida Miami/Dade County Key Biscayne 33149

1111 Crandon Blvd Unit C501, Key Biscayne, FL

Not Listed for Sale

Condos

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