NOT LISTED FOR SALE

Ocean Lane Plaza 170 Ocean Lane Dr Unit 607 Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood

Estimated Value: $912,412 - $1,052,000

2 Beds
2 Baths
1,460 Sq Ft
$881/mo HOA Fee

Last Sold October 07, 2021

Last sale price $700,000 $479 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,785/month

24 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Wood Flooring
  • Key Biscayne K-8 Center Rated A-
  • Bay View
  • Community Pool

About This Home

As of October 2021

Investors dream exquisitely remodeled condo steps from the beach! Spacious 2bed/2bath unit features a charming balcony with gorgeous views of the ocean and downtown Key Biscayne. Totally remodeled Italian style kitchen with top of the line stainless steel appliances, wine fridge and marble counter-tops in kitchen and baths. Beautiful Brazilian cherry wood floors flow through all the living areas into both bedrooms. Master bath is spacious with a 2 person walk in shower and plenty of storage. The best amenities in the area such as swimming pool, hot tub, party room and much more! Unit is rented until June 14th 2022 for $3,500

Last Agent to Sell the Property

Mary Arbelaez

The Canero Group License #3294162 Listed on: 06/07/2021

Last Buyer's Agent

Maria Mejia

MMLS Assoc.-Inactive Member License #3398299

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,718

Year Built

  • Built in 1981

HOA Fees

  • $881 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Automatic Garage Door Opener
  • Secured Garage or Parking

Property Views

  • Garden

Home Design

  • Entry on the 6th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,460 Sq Ft Home
  • Built-In Features

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Trash Compactor

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-020-0460

Community Details

Overview

  • Mid-Rise Condominium
  • Ocean Lane Plaza Condos
  • Ocean Lane Plaza Condo Subdivision
  • 9-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Lobby
  • Secure Lobby

Recreation

Pet Policy

  • Breed Restrictions

Building Details

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,718

Year Built

Built in 1981

Lot Details

0

HOA Fees

$881 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Directions: Please use your favorite GPS app.
  • Entry Level: 6
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCEAN LANE PLAZA CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Washer
  • Interior Amenities: Lobby, Built-in Features, Closet Cabinetry, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 1460
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Secondary
  • Stories: 9
  • Bedroom Features: None

Exterior Features

  • View: Bay, Garden View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Ocean Lane Plaza
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Secured Garage/Parking, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 881
  • Amenities: Barbecue, Exercise Room, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-42-32-020-0460
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 881

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5718

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2021
Closed on
Sep 29, 2021
Sold by
Mastrangelo Mario and Sasso Cristina
Bought by
Miami Glows Llc
Seller's Agent
Mary Arbelaez
The Canero Group
Buyer's Agent
Maria Mejia
MMLS Assoc.-Inactive Member
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Current Estimated Value
$952,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,353
Avg. Annual Appreciation
7.88%
Original Mortgage
$490,000
Outstanding Balance
$446,834
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$505,519

Purchase Details

Listed on
Jun 7, 2021
Closed on
Sep 24, 2021
Sold by
Mastrangelo Mario and Mastrangelo Cristina
Bought by
Miami Glows Llc
Seller's Agent
Mary Arbelaez
The Canero Group
Buyer's Agent
Maria Mejia
MMLS Assoc.-Inactive Member
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Outstanding Balance
$446,834
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$505,519

Purchase Details

Listed on
Sep 14, 2017
Closed on
May 16, 2018
Sold by
Veldhoven Marco J Garcia Van
Bought by
Mastrangelo Mario and Sasso Cristina
Seller's Agent
Grehyni Narvaez
Avanti Way Realty LLC
Buyer's Agent
Mary Arbelaez
The Canero Group
List Price
$699,000
Sold Price
$616,000
Premium/Discount to List
-$83,000
-11.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.88%
Original Mortgage
$453,100
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 21, 2012
Closed on
Apr 22, 2013
Sold by
170 Old Llc
Bought by
Vanveldhoven Marco J Garcia
Seller's Agent
Mariana Herrera
Aventura Health District Realty
Buyer's Agent
Mariana Herrera
Aventura Health District Realty
List Price
$549,000
Sold Price
$520,000
Premium/Discount to List
-$29,000
-5.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.36%
Original Mortgage
$312,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 20, 2010
Sold by
Neal Patricia M
Bought by
170 Old Llc

Purchase Details

Closed on
Jun 2, 1999
Sold by
Millennium Real Estate Group
Bought by
Neal Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,600
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 1994
Sold by
Varkas Alexander D and Lamarque Ana Lourdes
Bought by
Millennium Real Est Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
8.74%
Source: Public Records

Range of Values:

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Average Value
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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
Miami Glows Llc $700,000 Complete Choice Ttl Svcs Inc
Miami Glows Llc $700,000 Complete Choice Title
Mastrangelo Mario $616,000 Bankers Title & Escrow Servi
Vanveldhoven Marco J Garcia $520,000 Attorney
170 Old Llc $399,000 Attorney
Neal Patricia M $242,000 --
Millennium Real Est Group Inc $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miami Glows Llc $490,000
Closed Miami Glows Llc $490,000
Previous Owner Mastrangelo Mario $453,100
Previous Owner Vanveldhoven Marco J Garcia $312,000
Previous Owner Neal Patricia M $193,600
Previous Owner Millennium Real Est Group Inc $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2021 10/07/21 Sold $700,000 0.0% $479 / Sq Ft
06/14/2021 06/14/21 Rented $3,500 0.0% --
06/07/2021 06/07/21 For Sale $750,000 0.0% $514 / Sq Ft
04/06/2021 04/06/21 Under Contract -- -- --
03/29/2021 03/29/21 For Rent $3,500 +9.4% --
07/24/2020 07/24/20 Rented $3,200 -8.6% --
06/18/2020 06/18/20 Under Contract -- -- --
06/02/2020 06/02/20 For Rent $3,500 0.0% --
05/28/2018 05/28/18 Sold $616,000 -5.2% $422 / Sq Ft View Prior Sale
04/03/2018 04/03/18 Pending -- -- --
01/11/2018 01/11/18 Price Changed $650,000 -7.0% $445 / Sq Ft
09/14/2017 09/14/17 For Sale $699,000 0.0% $479 / Sq Ft
07/01/2017 07/01/17 Rented $3,100 -4.6% --
06/06/2017 06/06/17 Under Contract -- -- --
05/29/2017 05/29/17 For Rent $3,250 0.0% --
04/15/2013 04/15/13 Sold $520,000 -5.3% $356 / Sq Ft View Prior Sale
03/20/2013 03/20/13 Pending -- -- --
12/21/2012 12/21/12 For Sale $549,000 -- $376 / 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 $10,920 $694,302 -- --
2024 $9,628 $631,184 -- --
2023 $9,628 $573,804 $0 $0
2022 $8,492 $521,640 $0 $0
2021 $7,114 $420,000 $0 $0
2020 $5,957 $400,000 $0 $0
2019 $7,428 $488,000 $0 $0
2018 $8,147 $508,687 $0 $0
2017 $9,100 $561,828 $0 $0
2016 $8,685 $510,753 $0 $0
2015 $8,329 $464,321 $0 $0
2014 $7,300 $422,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Arbelaez

    Seller's Agent in 2021

    Mary Arbelaez

    The Canero Group

    (786) 624-0860

    1 in this area

    13 Total Sales

    Mary Arbelaez
    Section Image

  • M

    Buyer's Agent in 2021

    Maria Mejia

    MMLS Assoc.-Inactive Member

    Section Image

  • R

    Buyer's Agent in 2021

    Randy Lack

    Compass Florida, LLC

    (305) 733-1424

    1 in this area

    12 Total Sales

    Randy Lack
    Section Image
  • Grehyni Narvaez

    Seller's Agent in 2018

    Grehyni Narvaez

    Avanti Way Realty LLC

    (786) 554-8738

    6 in this area

    16 Total Sales

    Grehyni Narvaez
    Section Image

  • G

    Buyer's Agent in 2017

    Gonzalo Tamayo

    Morgan Whitney Inc

    9 Total Sales

    Gonzalo Tamayo
    Section Image
  • Mariana Herrera

    Seller's Agent in 2013

    Mariana Herrera

    Aventura Health District Realty

    (305) 968-3279

    2 Total Sales

    Mariana Herrera
    Section Image
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About Ocean Lane Plaza

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11052895

MIAMI REALTORS® MLS

APN: 24-4232-020-0460

Florida Miami/Dade County Key Biscayne 33149 Village of Key Biscayne

170 Ocean Lane Dr Unit 607, Key Biscayne, FL

This home is located at 170 Ocean Lane Dr Unit 607, Key Biscayne, FL 33149 since 07 June 2021 and is currently estimated at $952,353, approximately $652 per square foot. This property was built in 1981. 170 Ocean Lane Dr Unit 607 is a home located in Miami-Dade County with nearby schools including Key Biscayne K-8 Center, Ponce de Leon Middle School, and Coral Gables Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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