$1,500,000
SOLD JUN 18, 2024
2 Beds
2 Baths
1,532 Sq Ft
$1,605/mo HOA Fee

Recently Sold

$979 Per Sq Ft

12% Below List Price

222 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Fitness Center
  • Key Biscayne K-8 Center Rated A-
  • Private Beach Pavilion
  • Clubhouse

About This Home

As of June 2024

Discover the epitome of coastal living in this immaculate apartment with ocean views. No detail has been spared in creating an environment of sophistication and elegance with high-end finishes throughout. The kitchen is a chef's dream with sleek cabinetry, tons of storage and a double island with bar seating. The dining area and living room feature large 30x30 tiles and raised ceiling and modern AC diffusers. The oversized, master suite is a personal oasis with spa like bathroom with two large walk-in closets, double vanity and frameless glass shower. Additional features: Fully integrated smart home. Solid wood doors with concealed hinges. Custom wine room for 153 bottles. Soundproofing across all floors. Large balcony. Soft close cabinets. Bosch washer/dryer. Fiber-optic internet.

Last Agent to Sell the Property

Victor Coto

One Sotheby's International Realty License #3268414 Listed on: 10/20/2023

One Sotheby's International Realty

Co-Listed By

Carlos Coto

One Sotheby's International Realty License #0165407

Last Buyer's Agent

Vivianna Franchy

BHHS EWM Realty License #3137265

BHHS EWM Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,932

Year Built

  • Built in 1979

Lot Details

  • South Facing Home

HOA Fees

  • $1,605 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,532 Sq Ft Home
  • Custom Mirrors
  • Blinds
  • Combination Dining and Living Room
  • Tile Flooring
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • 2 Full Bathrooms
  • Dual Sinks
  • Shower Only

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Outdoor Grill

Location

  • East of U.S. Route 1

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-018-1660

Community Details

Overview

  • Mid-Rise Condominium
  • Key Colony Condos
  • Key Colony No 2 Condo Subdivision
  • 12-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Secure Lobby
  • Interior Hall
  • Bike Room

Recreation

  • Private Beach Pavilion
  • Bike Trail

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Partial Accordion Shutters
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,932

Year Built

Built in 1979

Lot Details

0

HOA Fees

$1,605 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1979
  • Property Sub Type: Condominium
  • Co List Office Mls Id: OSIR04
  • Co List Office Phone: 305-365-2811
  • Directions: Enter Key Biscayne onto Crandon Blvd. Turn left into Key Colony.
  • Entry Level: 4
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: KEY COLONY NO 2 CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Interior Hall, Lobby, Closet Cabinetry, Cooking Island, Custom Mirrors, Fire Sprinklers, Pantry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished, Furniture Negotiable
  • Living Area: 1532
  • Possible Use: Unknown/Withheld
  • Stories: 12
  • Window Features: Partial Accordian Shutters, Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen
  • Master Bathroom Features: Dual Sinks, Shower Only

Exterior Features

  • View: Ocean View
  • Exterior Features: East Of Us1, Barbeque, Open Balcony, Tennis Court(s)
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: KEY COLONY
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, Fuse Box
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Owned Burglar Alarm, Smoke Detector, Doorman, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1605
  • Amenities: Bike/Jog Path, Bike Storage, Barbecue, Clubhouse-Clubroom, Exercise Room, Pool, Private Beach Pavilion, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-42-32-018-1660
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7932

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Jun 11, 2024
Sold by
Garcia Mauricio and Garcia Kelly S
Bought by
Merken Investments Llc
Seller's Agent
Victor Coto
One Sotheby's International Realty
Buyer's Agent
Vivianna Franchy
BHHS EWM Realty
List Price
$1,695,000
Sold Price
$1,500,000
Premium/Discount to List
-$195,000
-11.5%
Total Days on Market
222
Views
136
Current Estimated Value
$1,490,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,068
Avg. Annual Appreciation
-0.64%

Purchase Details

Closed on
Sep 15, 2003
Sold by
Garcia Alfonso and Degarcia Julie Snyder
Bought by
Garcia Mauricio and Garcia Kelly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 1998
Sold by
Monet Enterprises Inc
Bought by
Garcia Alfonso and Snyder Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,200
Interest Rate
6.99%
Mortgage Type
New Conventional
Source: Public Records

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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 $1,500,000 None Listed On Document
Interfamily Deed Transfer -- --
Interfamily Deed Transfer $437,000 --
Warranty Deed $254,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $221,550 No Value Available
Previous Owner -- No Value Available
Previous Owner $322,700 Purchase Money Mortgage
Previous Owner $210,700 Unknown
Previous Owner $203,200 New Conventional
Closed $70,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $1,500,000 -6.0% $979 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
02/02/2024 02/02/24 Price Changed $1,595,000 -5.9% $1,041 / Sq Ft
10/20/2023 10/20/23 For Sale $1,695,000 -- $1,106 / 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 $8,263 $568,545 -- --
2023 $8,263 $551,986 $0 $0
2022 $8,089 $535,909 $0 $0
2021 $8,117 $520,300 $0 $0
2020 $7,942 $520,251 $0 $0
2019 $8,123 $530,000 $0 $0
2018 $10,206 $676,780 $0 $0
2017 $10,311 $677,457 $0 $0
2016 $10,983 $664,174 $0 $0
2015 $11,384 $652,734 $0 $0
2014 $10,692 $593,395 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11473129

MIAMI REALTORS® MLS

APN: 24-4232-018-1660