$960,000
SOLD JUL 15, 2024
2 Beds
2 Baths
1,600 Sq Ft
1981 Built

Recently Sold

$600 Per Sq Ft

13% Below List Price

172 Days on Market

Highlights

  • Property has ocean access
  • Fitness Center
  • Waterfront
  • Key Biscayne K-8 Center Rated A-
  • Intercom to Front Desk
  • Two Primary Bathrooms

About This Home

As of July 2024

Large 2/2 condo located on Key Biscayne. The community is secured and gated, and residents have access to various resort-style amenities such as a private beach, tennis courts, and swimming pools. Complex is spread over more than 40 acres of prime oceanfront real estate within Miami, landscape design help blend its oceanfront location with its expansive tropical flora. Located just a few minutes away from Miami Int'l Airport, Coral Gables, South Beach, and Coconut Grove. Condo is surrounded by water and lush landscapes, providing a beautiful setting for a relaxing walk, contemplating the sunrise, or an early morning jog around the many walking paths. Condo living is tranquil, scenic, and convenient. The condo needs TLC so the new buyer can customize it to its own style. Storage Included

Last Agent to Sell the Property

Aleksandra Marzec

The World Realty, Inc License #3035514 Listed on: 01/24/2024

Last Buyer's Agent

Dolores Urdapilleta

Urdapilleta Real Estate, LLC License #3245467

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,732

Year Built

  • Built in 1981

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Home Design

  • Garden Apartment
  • Brick Front
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,600 Sq Ft Home
  • 4-Story Property
  • Combination Dining and Living Room
  • Tile Flooring
  • Garden Views

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Two Primary Bathrooms
  • 2 Full Bathrooms
  • Dual Sinks

Outdoor Features

  • Property has ocean access
  • Balcony

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Accessible Elevator Installed
  • Waterfront

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-024-0180

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • Key Colony No 4 Condo
  • Key Colony No 4 Condo Subdivision
  • Car Wash Area

Amenities

  • Intercom to Front Desk
  • Bike Room

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Heated Community Pool
  • Bike Trail

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $1,683

Security

  • Security Guard
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,732

Year Built

Built in 1981

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • 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
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Range, Refrigerator
  • Interior Amenities: Split Bedroom, Walk-In Closet(s)
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Partially, Unfurnished
  • Living Area: 1600
  • Possible Use: Investment
  • Stories: 4
  • Window Features: Hurricane Shutters
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Master Bathroom Features: 2 Primary Bathrooms, Dual Sinks

Exterior Features

  • View: Garden View
  • Exterior Features: Open Balcony, Tennis Court(s)
  • Construction Type: Brick, CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: KEY COLONY NO 4 CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Covered

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Card Entry, Guard At Site, Intercom In Lobby

Condo/Co-op/Association

  • Amenities: Bike Storage, Bike/Jog Path, Child Play Area, Elevator(s), Exercise Room, Heated Pool, Tennis Court(s), Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-42-32-024-0180
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 1683

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13732

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2024
Closed on
Jul 19, 2024
Sold by
Carter Bobby Gail and Bobby Gail Carter Revocable Trust
Bought by
Cuqui Investments Llc
Seller's Agent
Aleksandra Marzec
The World Realty, Inc
Buyer's Agent
Dolores Urdapilleta
Urdapilleta Real Estate, LLC
List Price
$1,100,000
Sold Price
$960,000
Premium/Discount to List
-$140,000
-12.73%
Total Days on Market
172
Views
53
Current Estimated Value
$1,100,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,446
Avg. Annual Appreciation
16.78%
Original Mortgage
$601,000
Outstanding Balance
$596,938
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$503,508

Purchase Details

Closed on
Jan 20, 2022
Sold by
Gail Carter Bobby
Bought by
Bobby Gail Carter Revocable Trust

Purchase Details

Closed on
Mar 8, 2017
Sold by
Carpenter Kay F
Bought by
Carpenter Kay F and Carpenter Carter B
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 $960,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $601,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $960,000 -8.6% $600 / Sq Ft
05/09/2024 05/09/24 Price Changed $1,050,000 -4.5% $656 / Sq Ft
04/05/2024 04/05/24 For Sale $1,100,000 0.0% $688 / Sq Ft
04/05/2024 04/05/24 Off Market $1,100,000 -- --
01/24/2024 01/24/24 For Sale $1,100,000 -- $688 / 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 $13,732 $903,924 -- --
2023 $13,732 $856,800 $0 $0
2022 $10,024 $550,000 $0 $0
2021 $8,431 $500,000 $0 $0
2020 $8,255 $500,000 $0 $0
2019 $8,011 $484,000 $0 $0
2018 $10,248 $639,889 $0 $0
2017 $8,273 $512,098 $0 $0
2016 $3,913 $275,575 $0 $0
2015 $3,970 $273,660 $0 $0
2014 $4,030 $271,489 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11518322

MIAMI REALTORS® MLS

APN: 24-4232-024-0180