NOT LISTED FOR SALE

280 Fernwood Rd Key Biscayne, FL 33149

Estimated Value: $1,871,000 - $2,804,000

2 Beds
2 Baths
1,619 Sq Ft
$1,517/Sq Ft Est. Value

Last Sold July 02, 2024

Last sale price $2,650,000 $1,637 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $15,478/month

89 Days on Market

Highlights

  • Garden View
  • No HOA
  • Walk-In Closet
  • Key Biscayne K-8 Center Rated A-
  • Porch
  • Patio

About This Home

As of July 2024

Nestled on a serene street. This house presents a unique opportunity for investors and homeowners alike. Beyond its charming facade and cozy interior lies a rare gem - zoning that allows for the possibility of townhouse development. With 2 bedrooms + 2 bathrooms and a DEN . A cozy atmosphere, the existing house serves as a comfortable starting point for those looking to capitalize on this exceptional opportunity. However, the true allure lies in property's potential for expansion and transformation. Imagine the prospect of building two townhouses on this spacious lot, catering to the growing demand for modern, multi-family dwellings. ATTACHED RENDERINGS OF BUILDING POSSIBILITIES. NO ARCHICTETURAL PLANS INCLUDED.

Last Agent to Sell the Property

Cristian Black

BHHS EWM Realty License #0669932 Listed on: 03/07/2024

BHHS EWM Realty

Last Buyer's Agent

Alan Garcia

Florida Realty of Miami Corp License #3427067

Florida Realty of Miami Corp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,454

Year Built

  • Built in 1953

Lot Details

  • 7,694 Sq Ft Lot
  • East Facing Home
  • Fenced
  • Property is zoned 5700

Home Design

  • Shingle Roof

Interior Spaces

  • 1,619 Sq Ft Home
  • 1-Story Property
  • Family or Dining Combination
  • Tile Flooring
  • Garden Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Patio
  • Exterior Lighting
  • Shed
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-006-0850

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,454

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1953
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: TROPICAL ISLE HOMES SUB 4,TROPICAL ISLE HOMES
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Walk-In Closet(s), Other
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1619
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Entry Level
  • Dining Room Features: Family/Dining Combination
  • Living Room Features: Other

Exterior Features

  • Roof: Shingle
  • View: Garden
  • Exterior Features: Lighting, Other
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Other Structures: Extra Building/Shed
  • Patio And Porch Features: Open Porch, Patio
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: TROPICAL ISLE HOMES SUB 4
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Fuse Box
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Paved Road, Sidewalks, Street Lights

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 24-42-32-006-0850
  • Lot Size Sq Ft: 7694
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6454

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Jun 28, 2024
Sold by
Llanso Giuliana and Llanso Rafael
Bought by
Bristol Bright Llc
Seller's Agent
Cristian Black
BHHS EWM Realty
Buyer's Agent
Alan Garcia
Florida Realty of Miami Corp
List Price
$2,895,000
Sold Price
$2,650,000
Premium/Discount to List
-$245,000
-8.46%
Views
58
Current Estimated Value
$2,855,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,751
Avg. Annual Appreciation
-4.82%

Purchase Details

Closed on
Feb 23, 2016
Sold by
Llanso Giuliana
Bought by
Llanso Giuliana and Llanso Rafael

Purchase Details

Closed on
Aug 13, 1996
Sold by
Rafael and Llanso Giuliana
Bought by
Llanso Giuliana
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 Buyer Sale Price Title Company
Bristol Bright Llc $2,650,000 None Listed On Document
Llanso Giuliana -- Attorney
Llanso Giuliana $87,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Llanso Giuliana $174,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2024 07/02/24 Sold $2,650,000 -8.5% $1,637 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $2,895,000 -- $1,788 / 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 $6,539 $2,109,049 $1,938,888 $170,161
2024 $6,454 $378,589 -- --
2023 $6,454 $367,563 $0 $0
2022 $6,171 $356,858 $0 $0
2021 $6,133 $346,465 $0 $0
2020 $5,014 $341,682 $0 $0
2019 $4,900 $334,000 $0 $0
2018 $4,637 $327,773 $0 $0
2017 $4,569 $321,032 $0 $0
2016 $4,556 $314,429 $0 $0
2015 $4,622 $312,244 $0 $0
2014 $4,692 $309,766 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11546339

MIAMI REALTORS® MLS

APN: 24-4232-006-0850