NOT LISTED FOR SALE

Estimated Value: $2,626,000 - $3,050,000

4 Beds
3 Baths
3,127 Sq Ft
$3,804/mo HOA Fee

Last Sold March 08, 2024

Last sale price $2,750,000 $879 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $21,257/month

195 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Penthouse
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Clubhouse

About This Home

As of March 2024

Welcome to a one-of-a-kind, rarely available Penthouse #1222 at prestigious Key Colony in Key Biscayne! Enjoy spectacular sunsets from your oversized terrace w extraordinary, unobstructed, 180 degree infinite views oF the iconic Miami skyline. Perfect for a large family w a flexible floor plan of over 3,120 sq/ft., this unique 4/3 property feels like a house & is ideal for entertainment. Move right-in or modify & update to make it your own. Two of the rooms can easily be reconverted back to bedrooms. Every room has water views & access to the massive terrace. Plus, 3 prime parking spaces. Emerald Bay is a full-service luxury building that offers a popular Tennis Center w 12 courts. Enjoy Key Biscayne lifestyle from this oceanfront Penthouse in the sky! Some photos virtually staged.

Last Agent to Sell the Property

Maria Mayoral

Luxe Properties License #0669576 Listed on: 08/04/2023

Luxe Properties

Last Buyer's Agent

Catalina Marin Fuenzalida

Avanti Way Realty LLC License #3593660

Avanti Way Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,864

Year Built

  • Built in 1980

Lot Details

  • Ocean Front
  • Property Fronts a Bay or Harbor
  • North Facing Home

HOA Fees

  • $3,804 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Assigned Parking

Property Views

Home Design

  • Penthouse

Interior Spaces

  • 3,127 Sq Ft Home
  • Great Room
  • Formal Dining Room
  • Ceramic Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Bathtub
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Schools

  • Keybiscayne Elementary School
  • Ponce De Leon Middle School
  • Coral Gables High School

Additional Features

  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-019-0910

Community Details

Overview

  • 284 Units
  • Mid-Rise Condominium
  • The Emerald Bay Condos
  • The Emeraldbay @ Key Colo,Key Colony Subdivision
  • 12-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Clubhouse
  • Billiard Room
  • Bike Room

Recreation

  • Community Basketball Court
  • Community Playground
  • Community Spa
  • Bike Trail

Pet Policy

  • Breed Restrictions

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,864

Year Built

Built in 1980

Lot Details

0

HOA Fees

$3,804 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1980
  • Property Sub Type: Condominium
  • Architectural Style: Penthouse
  • Entry Level: 12
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access,Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE EMERALDBAY @ KEY COLO,KEY COLONY
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Lobby, First Floor Entry, Great Room
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 3127
  • Possible Use: Primary
  • Stories: 12
  • Bedroom Features: Other, Primary Bath Shower, Primary Bath Tub, Primary Bedroom Ground Level
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Living Room Features: Great Room
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Ocean View, Direct Ocean, Skyline
  • Exterior Features: East Of Us1, Open Balcony, Tennis Court(s)
  • Direction Faces: North
  • Disclosures: Disclosure
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: THE EMERALD BAY
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: 2 Or More Spaces, Assigned, Covered

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Elevator Secure, Security Patrol

Condo/Co-op/Association

  • Association Fee: 11413
  • Amenities: Basketball Court, Barbecue, Bike Storage, Bike/Jog Path, Billiard Room, Child Play Area, Clubhouse-Clubroom, Elevator(s), Exercise Room, Exterior Lighting, Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Schools

  • Elementary School: Keybiscayne
  • High School: Coral Gables
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel Number: 24-42-32-019-0910
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 284
  • Number Of Units Total: 284

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 15864

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
Mar 8, 2024
Sold by
Valls Dolores
Bought by
Reitze Sebastian Lopez and Fuenzalida Catalina Marin
Seller's Agent
Maria Mayoral
Luxe Properties
Buyer's Agent
Catalina Marin Fuenzalida
Avanti Way Realty LLC
List Price
$3,200,000
Sold Price
$2,750,000
Premium/Discount to List
-$450,000
-14.06%
Views
112
Current Estimated Value
$2,888,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,126
Avg. Annual Appreciation
4.69%

Purchase Details

Closed on
May 5, 2000
Sold by
Hiberian Investments Ltd
Bought by
Valls Nicolas and Valls Dolores
Source: Public Records

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Range of Values:

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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
Reitze Sebastian Lopez $2,750,000 Folio Title
Valls Nicolas $820,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reitze Sebastian Lopez $2,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $2,750,000 -14.1% $879 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
08/04/2023 08/04/23 For Sale $3,200,000 -- $1,023 / 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 $16,370 $1,087,593 -- --
2023 $16,370 $1,055,916 $0 $0
2022 $15,864 $1,025,162 $0 $0
2021 $15,934 $995,303 $0 $0
2020 $15,559 $981,562 $0 $0
2019 $15,232 $959,494 $0 $0
2018 $14,448 $941,604 $0 $0
2017 $14,265 $922,238 $0 $0
2016 $14,292 $903,270 $0 $0
2015 $14,504 $896,992 $0 $0
2014 $14,724 $889,874 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11429013

MIAMI REALTORS® MLS

APN: 24-4232-019-0910