$1,000,000
SOLD APR 11, 2025
2 Beds
2 Baths
1,715 Sq Ft
$2,056/mo HOA Fee

Recently Sold

$583 Per Sq Ft

17% Below List Price

149 Days on Market

Highlights

  • Bar or Lounge
  • Private Beach Pavilion
  • Sitting Area In Primary Bedroom
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Wood Flooring

About This Home

As of April 2025

Own this Sunny and Bright 1,715 sq. ft, 2-bedroom 2-bathroom, can be converted into a 3 bedroom. Apartment in Key Colony Palmatum, Facing South! Very Private Lobby entrance surrounded by Condo gardens and walkable paths. Peaceful Garden Views from the Balcony. Tastefully Updated. Wooden Floors throughout the Unit. Don't miss this Opportunity to live in Key Biscayne Island and enjoy all the Amenities this Condo Offers: Beach Services, Ocean Direct Beach Access, Lap, Oceanfront & Botanica Pools (3), Oceanfront Restaurant & Bar, Golden Hogg Market, 12 Tennis Courts, Gym, Party-Room, Kids Playground, 24-hour Security, Hairdresser, Spa and More! TWO (2) PARKING SPACES INCLUDED!

Last Agent to Sell the Property

Camila Failo

One Sotheby's International Realty License #3439564 Listed on: 10/19/2024

One Sotheby's International Realty

Co-Listed By

Ines Morando

One Sotheby's International Realty License #3315895

Last Buyer's Agent

Rodrigo Espelosin

Avanti Way Realty LLC License #3441714

Avanti Way Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,760

Year Built

  • Built in 1981

HOA Fees

  • $2,056 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Secured Garage or Parking
  • Guest Parking
  • Golf Cart Parking

Interior Spaces

  • 1,715 Sq Ft Home
  • 4-Story Property
  • Custom Mirrors
  • Ceiling Fan
  • Paddle Fans
  • Drapes & Rods
  • Wood Flooring
  • Property Views

Kitchen

  • Electric Range
  • Trash Compactor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom on Main
  • Closet Cabinetry
  • 2 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Additional Features

  • South Facing Home

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-024-0100

Community Details

Overview

  • Low-Rise Condominium
  • Key Colony Condo Botanica Condos
  • Key Colony No 4 Condo Subdivision
  • Car Wash Area

Amenities

  • Community Barbecue Grill
  • Trash Chute
  • Community Kitchen
  • Community Center
  • Party Room
  • Bar or Lounge
  • Elevator
  • Lobby
  • Bike Room

Recreation

  • Private Beach Pavilion
  • Community Playground
  • Bike Trail

Pet Policy

  • Breed Restrictions

Security

  • Security Service
  • Phone Entry
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,760

Year Built

Built in 1981

Lot Details

0

HOA Fees

$2,056 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Co List Office Mls Id: OSIR04
  • Co List Office Phone: 305-365-2811
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: KEY COLONY NO 4 CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dryer, Electric Water Heater, Electric Range, Washer
  • Interior Amenities: Lobby, Closet Cabinetry, Custom Mirrors
  • Accessibility Features: Accessible
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 1715
  • Possible Use: Unknown/Withheld
  • Stories: 4
  • Window Features: Complete Accordian Shutters, Drapes
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bedroom Ground Level, Sitting Area - Primary Bedroom
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Other View
  • Exterior Features: Open Balcony, Tennis Court(s)
  • Construction Type: Other
  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Key Colony Condo Botanica
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Golf Cart Parking, Guest

Utilities

  • Cooling: Ceiling Fan(s), Electric, Paddle Fans
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Fire Alarm, Phone Entry, Secured Garage/Parking, Security Patrol

Condo/Co-op/Association

  • Association Fee: 2056
  • Amenities: Bar, Barbecue, Bike Storage, Bike/Jog Path, Child Play Area, Community Room, Elevator(s), Exercise Room, Kitchen Facilities, Pool, Private Beach Pavilion, Tennis Court(s), Trash Chute, Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-42-32-024-0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12760

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2024
Closed on
Apr 11, 2025
Sold by
Coscarelli Marcelo Alvim and Costa Maria Silvia
Bought by
Isusi Garteizgogeascoa Ignacio and Silgo Hernandez Maria
Seller's Agent
Camila Failo
One Sotheby's International Realty
Buyer's Agent
Rodrigo Espelosin
Avanti Way Realty LLC
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Views
45
Current Estimated Value
$1,082,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,601
Avg. Annual Appreciation
50.72%

Purchase Details

Closed on
Jan 13, 2003
Sold by
Fornaris Carl A and Sidaway Katherine E
Bought by
Coscarelli Marcelo Alvim and Costa Maria Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.12%

Purchase Details

Closed on
Jun 18, 1998
Sold by
Nationsbank
Bought by
Fornaris Carl A and Sidaway Katherine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
7.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 17, 1998
Sold by
Clerk Of The Court
Bought by
Nationsbank

Purchase Details

Closed on
Jun 30, 1994
Sold by
Berton Co Inc
Bought by
Vazquez Maria Teresa and Ferreiro Pargo Francisco J
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 Type Sale Price Title Company
Warranty Deed $1,000,000 None Listed On Document
Special Warranty Deed $377,000 --
Deed $240,000 --
Deed $100 --
Warranty Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $70,000 Credit Line Revolving
Previous Owner $300,000 No Value Available
Previous Owner $24,000 Credit Line Revolving
Closed $37,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Sold $1,000,000 -11.5% $583 / Sq Ft
03/17/2025 03/17/25 Pending -- -- --
02/11/2025 02/11/25 Price Changed $1,130,000 -5.8% $659 / Sq Ft
10/19/2024 10/19/24 For Sale $1,200,000 -- $700 / 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 $13,531 $849,178 -- --
2024 $12,760 $771,980 -- --
2023 $12,760 $701,800 $0 $0
2022 $11,205 $638,000 $0 $0
2021 $9,747 $580,000 $0 $0
2020 $9,346 $580,000 $0 $0
2019 $8,358 $505,000 $0 $0
2018 $10,241 $694,398 $0 $0
2017 $9,954 $545,098 $0 $0
2016 $9,203 $495,544 $0 $0
2015 $8,775 $450,495 $0 $0
2014 $7,825 $409,541 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11675787

MIAMI REALTORS® MLS

APN: 24-4232-024-0100