NOT LISTED FOR SALE

260 Ridgewood Rd Key Biscayne, FL 33149

Estimated Value: $3,323,634 - $4,109,000

4 Beds
3 Baths
2,644 Sq Ft
$1,403/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $3,125,000 $1,182 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $22,859/month

Highlights

  • Outdoor Pool
  • Main Floor Bedroom
  • High Impact Windows
  • Key Biscayne K-8 Center Rated A-
  • No HOA
  • Bathtub

About This Home

As of March 2023

Beautiful updated 2 story house with open and versatile floor plan. This house has a wonderful living area, separate dining room, large kitchen and beautiful family room. The 4 Bedrooms include a beautiful master suite with 2 separate terraces to compliment the great natural lighting. This gated house has a great patio and pool area for entertaining as well as lush landscaping surrounding the house for extra privacy. This House was recently updated with a New AC unit, resurfaced wooden floors, new floors in the 2 bedroom downstairs, and fresh painted interior and exterior. AVAILABLE NOW! Rent will include landscaping and pool services.

Last Agent to Rent the Property

Lawrence Kelly

Fortune Christie's International Real Estate License #3266604 Listed on: 10/14/2022

Fortune Christie's International Real Estate

Last Renter's Agent

Jennifer Price

BHHS EWM Realty License #3415644

BHHS EWM Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1953

Lot Details

  • 7,604 Sq Ft Lot
  • Property is zoned 0100

Home Design

  • 2,644 Sq Ft Home

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • 3 Full Bathrooms
  • Bathtub

Laundry

  • Dryer

Outdoor Features

  • Outdoor Pool
  • Patio

Schools

  • Keybiscayne Elementary School
  • Coral Gables Prep Academy Middle School
  • Mast Academy High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Tropical Isle Homes Sub 4 Subdivision

Listing and Financial Details

  • Property Available on 11/8/22
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 24-42-32-006-1640

Home Details

Home Type

Single Family

Year Built

Built in 1953

Lot Details

0

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2022-11-08
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1953
  • Property Sub Type: Single Family Residence
  • Garage Yn: No
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: TROPICAL ISLE HOMES SUB 4
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Furnished: Unfurnished
  • Living Area: 2644
  • Window Features: High Impact Windows
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Tub, Primary Bedroom Upstairs

Exterior Features

  • Patio And Porch Features: Patio
  • Pool Features: Other
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: TROPICAL ISLE HOMES SUB 4

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy
  • Middle Or Junior School: Coral Gables Prep Academy

Lot Info

  • Parcel Number: 24-42-32-006-1640
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 7604
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Oct 5, 2022
Sold by
Alarcon Jaime F Macias and Alarcon Maria Elena
Bought by
Scholtz Ralph E and Steele Clayton Carter
Seller's Agent
Brigitte Nachtigall
One Sotheby's International Realty
Buyer's Agent
Lawrence Kelly
Fortune Christie's International Real Estate
List Price
$3,850,000
Sold Price
$3,125,000
Premium/Discount to List
-$725,000
-18.83%
Views
4
Current Estimated Value
$3,710,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$585,159
Avg. Annual Appreciation
5.44%
Original Mortgage
$1,300,000
Outstanding Balance
$1,226,117
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$2,484,042

Purchase Details

Listed on
Mar 28, 2018
Closed on
Apr 30, 2018
Sold by
Gomez Mauricio and Gomez Monica Trujillo De
Bought by
Alarcon Jaime F Marcias and Macchivavello Maria Elena Solorzano
Seller's Agent
Brigitte Nachtigall
One Sotheby's International Realty
Buyer's Agent
Marla Carolina Rivad
BHHS EWM Realty
List Price
$2,490,000
Sold Price
$2,380,000
Premium/Discount to List
-$110,000
-4.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.33%

Purchase Details

Closed on
Jun 30, 2009
Sold by
Ridgewood Properties Inc
Bought by
Gomez Mauricio and Gomez Monica Trujillo

Purchase Details

Closed on
Jul 10, 2002
Sold by
Monez Properties Inc C
Bought by
Ridgewood Properties Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Scholtz Ralph E $3,125,000 --
Alarcon Jaime F Marcias $2,380,000 Attorney
Gomez Mauricio -- None Available
Ridgewood Properties Inc $1,164,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scholtz Ralph E $1,300,000
Previous Owner Ridgewood Properties Inc $592,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2023 03/01/23 Rented $15,800 -2.8% --
02/20/2023 02/20/23 Under Contract -- -- --
02/06/2023 02/06/23 Price Changed $16,250 -5.8% $6 / Sq Ft
01/06/2023 01/06/23 Price Changed $17,250 -4.2% $7 / Sq Ft
10/14/2022 10/14/22 For Rent $18,000 0.0% --
10/07/2022 10/07/22 Sold $3,125,000 -6.7% $1,182 / Sq Ft View Prior Sale
09/13/2022 09/13/22 Pending -- -- --
07/25/2022 07/25/22 Price Changed $3,350,000 -6.2% $1,267 / Sq Ft
04/25/2022 04/25/22 Price Changed $3,570,000 -7.3% $1,350 / Sq Ft
02/01/2022 02/01/22 For Sale $3,850,000 +61.8% $1,456 / Sq Ft
04/30/2018 04/30/18 Sold $2,380,000 -4.4% $900 / Sq Ft View Prior Sale
04/11/2018 04/11/18 Pending -- -- --
03/28/2018 03/28/18 For Sale $2,490,000 -- $942 / 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 $41,042 $2,762,365 $1,977,040 $785,325
2024 $41,833 $2,543,628 $1,748,920 $794,708
2023 $41,833 $2,553,010 $1,748,920 $804,090
2022 $23,422 $1,442,508 $0 $0
2021 $23,478 $1,400,494 $0 $0
2020 $22,176 $1,381,158 $937,193 $443,965
2019 $25,052 $1,551,565 $1,102,580 $448,985
2018 $17,516 $1,131,937 $0 $0
2017 $17,293 $1,108,656 $0 $0
2016 $17,312 $1,085,854 $0 $0
2015 $17,569 $1,078,306 $0 $0
2014 $17,834 $1,069,749 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11288806

MIAMI REALTORS® MLS

APN: 24-4232-006-1640