NOT LISTED FOR SALE

Estimated Value: $4,458,557 - $5,463,000

5 Beds
6 Baths
4,363 Sq Ft
$1,153/Sq Ft Est. Value

Last Sold October 28, 2020

Last sale price $2,810,000 $644 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $30,446/month

246 Days on Market

Highlights

  • Deeded access to the beach
  • Garden View
  • Balcony
  • Key Biscayne K-8 Center Rated A-
  • Cooking Island
  • Attached Garage

About This Home

As of October 2020

Gorgeous , light filled home on a quiet street! Large covered terrace is perfect for entertaining. Manicured artificial turf in the backyard makes it always look neat and and is ideal for minimal maintenance. Putting green is ideal for golf fans! Elegant archways lead from the front door to the living areas. Large kitchen with island and bay windows are the heart of this home! 36 x 36 marble floors in living areas and hardwood in bedrooms. Master bedroom has an expansive covered terrace that is private and ideal for relaxation! Master has a beautiful soaking tub , separate shower , two walk-in closets and large windows for natural light throughout!

Last Agent to Sell the Property

Daniel Gaviria

Great Properties International LLC License #0591285 Listed on: 01/27/2020

Great Properties International LLC

Co-Listed By

Ana Somarriba

Great Properties International LLC License #0653406

Last Buyer's Agent

Luis Canelon

Fortune Christie's International Real Estate License #0503023

Fortune Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,005

Year Built

  • Built in 2009

Lot Details

  • 7,492

Home Design

  • Property Attached

Interior Spaces

  • 4,363 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Entrance Foyer
  • Garden Views
  • High Impact Door
  • Cooking Island

Bedrooms and Bathrooms

  • Primary Bedroom Upstairs
  • Closet Cabinetry

Parking

  • Attached Garage
  • Attached Carport

Outdoor Features

  • Deeded access to the beach
  • Balcony
  • Exterior Lighting

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-005-0090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,005

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Blogging: Yes
  • Internet Remarks: Gorgeous home with beautiful 36 x 36 marble floors in the living areas, hardwood in the bedrooms, beautiful archways & spectacular covered terraces!
  • Municipal Code: 24
  • Property Type: Single Family
  • Restrictions: Ok To Lease
  • Section: 32
  • Year Built: 2009
  • Property Sq Ft: 7500
  • Year Built Description: New Construction
  • Zoning Information: 0100
  • Flood Zone: AE
  • Furnished Info Sold: Unfurnished
  • Intended Use: Primary
  • Lp Amt Sq Ft: 860.9272
  • Ratio Close Price By List Price: 0.93980
  • Style: Pool Only
  • Website: www.320PalmwoodLn.com
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Front Exposure: North
  • Bedroom Description: Master Bedroom Upstairs
  • Dining Description: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Interior Amenities: First Floor Entry, Built-Ins, Closet Cabinetry, Cooking Island, Foyer Entry
  • Windows Treatments: Arched Windows, Bay Window, Blinds/Shades, High Impact Windows
  • Design: Attached
  • Adjusted Area Sq Ft: 3523
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Total Bedrooms: 5
  • Cable Available Yn: Yes
  • Design Description: Two Story
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Refrigerator, Washer
  • Pool: Yes
  • Sq Ft Liv Area: 3473
  • Total Sq Ft: 4363

Exterior Features

  • View: Garden View
  • Pool: Below Ground Pool
  • Water Access: Deeded Beach Access
  • Construction Type: Concrete Block Construction
  • Roof Description: Shingle Roof
  • Exterior Features: High Impact Doors, Exterior Lighting, Open Balcony

Garage/Parking

  • Garage Description: Attached
  • Parking Description: Covered Parking, Driveway, Pavers
  • Parking Restrictions: No Rv/Boats, No Trucks/Trailers
  • Carport Description: Attached

Utilities

  • Sewer Description: Municipal Sewer
  • Cooling Description: Central Cooling
  • Heating Description: Central Heat
  • Water Description: Municipal Water

Condo/Co-op/Association

  • Floor Description: Marble Floors, Wood Floors
  • Subdivision Complex Bldg: TROPICAL ISLE HOMES SUB 3
  • Housing Older Persons Act: No Hopa
  • Subdivision Information: Beach Club Member Available

Lot Info

  • Lot Description: Less Than 1/4 Acre Lot
  • Parcel Number: 24-42-32-005-0090
  • Lot Sq Footage: 7500
  • Parcel Number Mlx: 0090

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Information: Tax Reflects Homestead Tax
  • Tax Amount: 36836
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2020
Closed on
Oct 27, 2020
Sold by
Sanfer Llc
Bought by
Casillas Javier and Casillas Elaine Marie
Seller's Agent
Daniel Gaviria
Great Properties International LLC
Buyer's Agent
Luis Canelon
Fortune Christie's International Real Estate
List Price
$2,990,000
Sold Price
$2,810,000
Premium/Discount to List
-$180,000
-6.02%
Current Estimated Value
$5,030,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,220,186
Avg. Annual Appreciation
12.73%
Original Mortgage
$2,000,000
Outstanding Balance
$1,793,989
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$3,236,197

Purchase Details

Listed on
Apr 29, 2013
Closed on
Jul 9, 2013
Sold by
Kev Investment Group Llc
Bought by
Sanfer Llc
Seller's Agent
Brigitte Nachtigall
One Sotheby's International Realty
Buyer's Agent
Dolores Urdapilleta
Urdapilleta Real Estate, LLC
List Price
$3,390,000
Sold Price
$3,190,000
Premium/Discount to List
-$200,000
-5.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.73%
Original Mortgage
$2,100,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2007
Sold by
Gregorie Richard D and Gregorie Susan K
Bought by
Kev Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Interest Rate
6.18%
Mortgage Type
Unknown
Source: Public Records

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
Casillas Javier $2,810,000 Attorney
Sanfer Llc $3,190,000 Seagull Title Company
Kev Investment Group Llc $1,271,300 Seagull Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Casillas Javier $2,000,000
Previous Owner Sanfer Llc $2,100,000
Previous Owner Kev Investment Group Llc $892,500
Previous Owner Gregorie Richard D $175,000
Previous Owner Gregorie Richard D $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2020 10/28/20 Sold $2,810,000 -6.0% $644 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
01/27/2020 01/27/20 For Sale $2,990,000 -6.3% $685 / Sq Ft
07/25/2013 07/25/13 Sold $3,190,000 -5.9% $905 / Sq Ft
06/28/2013 06/28/13 Pending -- -- --
04/29/2013 04/29/13 For Sale $3,390,000 0.0% $962 / Sq Ft
07/05/2012 07/05/12 Rented $11,500 -10.9% --
06/05/2012 06/05/12 Under Contract -- -- --
04/12/2012 04/12/12 For Rent $12,900 -- --
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 $39,005 $2,520,097 -- --
2024 $38,483 $2,449,074 -- --
2023 $38,483 $2,377,742 $0 $0
2022 $37,185 $2,308,488 $0 $0
2021 $37,314 $2,241,251 $1,038,750 $1,202,501
2020 $35,359 $2,140,387 $924,375 $1,216,012
2019 $38,371 $2,317,024 $1,087,500 $1,229,524
2018 $37,345 $2,330,535 $1,087,500 $1,243,035
2017 $42,366 $2,621,546 $0 $0
2016 $43,572 $2,635,058 $0 $0
2015 $42,429 $2,510,619 $0 $0
2014 $41,055 $2,374,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10806436

MIAMI REALTORS® MLS

APN: 24-4232-005-0090