NOT LISTED FOR SALE

Estimated Value: $8,189,000 - $12,505,744

4 Beds
4 Baths
4,346 Sq Ft
$2,275/Sq Ft Est. Value

Last Sold July 07, 2020

Last sale price $3,750,000 $863 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $58,777/month

577 Days on Market

Highlights

  • Property has ocean access
  • In Ground Pool
  • No HOA
  • Key Biscayne K-8 Center Rated A-
  • Home fronts a canal
  • Circular Driveway

About This Home

As of July 2020

Remodel this water front house or tear it down and build your dream mansion !. House is not elevated to code. Lot is 80 X 160, with 80 feet on the water. Seawall is new. Pool has been recently remodeled. Roof is 3 years old. Beautiful water view of the end of the canal, where the canal widens and opens up. Beautiful mature coconut palms frame the view.Easy and quick access to Biscayne bay and the ocean.

Last Listed By

Peter Warner

Fortune Christie's International Real Estate License #0343057 Listed on: 10/16/2018

Fortune Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $60,000

Year Built

  • Built in 1967

Lot Details

  • Lot Dimensions are 80x160
  • Home fronts a canal
  • Northeast Facing Home
  • Fenced
  • Property is zoned 2000

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Circular Driveway
  • Open Parking

Home Design

  • Aluminum Roof

Interior Spaces

  • 4,346 Sq Ft Home
  • 2-Story Property
  • Awning
  • Entrance Foyer
  • Family Room
  • Canal Views

Flooring

  • Terrazzo
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs
  • 4 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Patio

Schools

  • Keybiscayne Elementary School
  • Coral Glades High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Cape Florida Sec 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-011-0010

Home Details

Home Type

Single Family

Est. Annual Taxes

$60,000

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1967
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Directions: Crandon Blvd to near the end of Crandon to Knollwood.Make a right turn onto to Knollwood and then an immediate right turn on to Island Dr. Take Island Drive to near the end. House is on the left.
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • Lot Size: 80x160
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: Cape Florida Sec 2
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: First Floor Entry, Entrance Foyer, Family Room
  • Spa Yn: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Foyer
  • Flooring: Ceramic Floor, Terrazzo
  • Furnished: Unfurnished
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Window Features: Awning
  • Bedroom Features: Master Bedroom Upstairs
  • Living Room Features: Family Room
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • Roof: Aluminum
  • View: Canal
  • Direction Faces: Northeast
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Cape Florida Sec 2
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: Other Subdivision - See Remarks

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Keybiscayne
  • High School: Coral Glades High

Lot Info

  • Parcel Number: 24-52-05-011-0010
  • Zoning: 2000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 60000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2018
Closed on
Jul 7, 2020
Sold by
Warner Peter G and Warner John P
Bought by
Stabile Nelson C and Ballestas Vanessa M
Seller's Agent
Peter Warner
Fortune Christie's International Real Estate
Buyer's Agent
Peter Warner
Fortune Christie's International Real Estate
List Price
$4,595,000
Sold Price
$3,750,000
Premium/Discount to List
-$845,000
-18.39%
Total Days on Market
577
Current Estimated Value
$9,887,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,137,581
Avg. Annual Appreciation
10.30%
Original Mortgage
$2,625,000
Outstanding Balance
$2,373,842
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$3,689,861

Purchase Details

Closed on
Jun 16, 2015
Sold by
Warner Peter G and Warner John P
Bought by
Alicia G Warner Declaration Of Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,075,000
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 29, 2008
Sold by
Warner William C and Warner Peter G
Bought by
Alicia G Warner Declaration Of Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,600,000
Interest Rate
5.86%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 17, 1994
Sold by
Warner Philip G and Warner Alicia G
Bought by
Warner Alicia G

Range of Values:

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Average Value
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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
Stabile Nelson C $3,750,000 Attorney
Alicia G Warner Declaration Of Trust -- Attorney
Alicia G Warner Declaration Of Trust -- Fortune Title Inc
Alicia G Warner Declaration Of Trust -- Fortune Title Inc
Warner Alicia G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stabile Nelson C $2,625,000
Previous Owner Warner Alicia G $2,075,000
Previous Owner Alicia G Warner Declaration Of Trust $2,075,000
Previous Owner Alicia G Warner Declaration Of Trust $3,600,000
Previous Owner Warner Alicia G $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2020 07/07/20 Sold $3,750,000 -18.4% $863 / Sq Ft
10/15/2019 10/15/19 Price Changed $4,595,000 0.0% $1,057 / Sq Ft
10/15/2019 10/15/19 For Sale $4,595,000 +22.5% $1,057 / Sq Ft
10/14/2019 10/14/19 Off Market $3,750,000 -- --
10/15/2018 10/15/18 For Sale $4,950,000 -- $1,139 / 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 $41,189 $5,526,436 -- --
2023 $41,189 $2,522,551 $0 $0
2022 $39,457 $2,449,079 $0 $0
2021 $44,457 $2,673,701 $0 $0
2020 $57,667 $3,489,857 $3,136,000 $353,857
2019 $57,849 $3,492,412 $3,136,000 $356,412
2018 $59,298 $3,699,994 $3,340,800 $359,194
2017 $59,865 $3,702,775 $0 $0
2016 $67,881 $4,102,356 $0 $0
2015 $63,432 $3,750,946 $0 $0
2014 $16,276 $977,474 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10555250

MIAMI REALTORS® MLS

APN: 24-5205-011-0010