NOT LISTED FOR SALE

Estimated Value: $1,046,000 - $1,586,000

2 Beds
2.5 Baths
1,540 Sq Ft
$2,730/mo HOA Fee

Last Sold July 12, 2024

Last sale price $1,035,000 $672 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $11,152/month

157 Days on Market

Highlights

  • Doorman
  • Recreation Room
  • Sauna
  • Coconut Grove Elementary School Rated A
  • Garden View
  • 3-minute walk to Regatta Park

About This Home

As of July 2024

Introducing an exquisite two-bedroom, two-bath condo nestled within the prestigious Ritz-Carlton in the enchanting Village of Coconut Grove. This remarkable residence offers an expansive and thoughtfully designed floor plan, providing abundant space and comfort. Step outside onto the generously sized private balcony, where you can bask in the refreshing Bay breezes and immerse yourself in the lush greenery surrounding you. Indulge in the luxurious amenities available, including an outdoor pool, a rejuvenating spa and sauna, and a state-of-the-art fitness center that operates 24 hours a day. Ideally situated in the heart of Miami, this prime location offers easy access to many attractions. Brickell's vibrant neighborhoods, Coral Gables, and pristine beaches are just a stone's throw away.

Last Agent to Sell the Property

Jill Penman

One Sotheby's International Realty License #3055685 Listed on: 01/15/2024

One Sotheby's International Realty

Last Buyer's Agent

Benjamin Moss

Compass Florida, LLC License #0698207

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,244

Year Built

  • Built in 2001

HOA Fees

  • $2,730 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Secured Garage or Parking
  • Assigned Parking

Home Design

  • Entry on the 3rd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,540 Sq Ft Home
  • Custom Mirrors
  • Furniture for Sale
  • Built-In Features
  • Drapes & Rods
  • Blinds
  • Formal Dining Room
  • Recreation Room
  • Tile Flooring
  • Garden Views

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Dual Sinks

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Accessible Elevator Installed
  • Patio
  • West Facing Home
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-21-216-0970

Community Details

Overview

  • 124 Units
  • High-Rise Condominium
  • Ritz In Coconut Grove Condos
  • The Tower Residences Condo,Ritz Subdivision
  • Property has 1 Level

Amenities

  • Doorman
  • Valet Parking
  • Sauna
  • Interior Hall
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Dogs Allowed

Security

  • Secure Elevator
  • Complete Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,244

Year Built

Built in 2001

Lot Details

0

HOA Fees

$2,730 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: Residences at the Ritz-valet is gratis.
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • Unit Levels: 1
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE TOWER RESIDENCES CONDO,RITZ
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Washer
  • Interior Amenities: Interior Hall, First Floor Entry, Built-in Features, Custom Mirrors, Elevator, Split Bedroom, Recreation Room
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Furniture For Sale, Unfurnished
  • Living Area: 1540
  • Possible Use: Primary
  • Stories: 21
  • Window Features: Clear Impact Glass, Complete Impact Glass, Blinds, Drapes
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bedroom Ground Level
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen, Formal Dining
  • Living Room Features: Recreation Room
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • View: Garden View, Other View
  • Exterior Features: East Of Us1, Other
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Patio And Porch Features: Patio, Wrap Around
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: RITZ IN COCONUT GROVE
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Assigned, Parking-Under Building, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Elevator Secure, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 2730
  • Amenities: Elevator(s), Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-21-216-0970
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Dogs OK

Multi Family

  • Number Of Units In Community: 124
  • Number Of Units Total: 124

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 14244

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2024
Closed on
Jul 12, 2024
Sold by
Importadora Del Caribe Sa
Bought by
Barquin Juan and Barquin Teresita
Seller's Agent
Jill Penman
One Sotheby's International Realty
Buyer's Agent
Benjamin Moss
Compass Florida, LLC
List Price
$1,100,000
Sold Price
$1,035,000
Premium/Discount to List
-$65,000
-5.91%
Views
67
Current Estimated Value
$1,342,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,081
Avg. Annual Appreciation
22.70%

Purchase Details

Closed on
Dec 7, 2001
Sold by
Grove Ocean Condo Llc
Bought by
Importadora Delcaribe S A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.6%
Mortgage Type
New Conventional
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
Barquin Juan $1,035,000 None Listed On Document
Importadora Delcaribe S A $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Importadora Delcaribe S A $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2024 07/12/24 Sold $1,035,000 -5.9% $672 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
01/15/2024 01/15/24 For Sale $1,100,000 -- $714 / 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 $15,923 $431,802 -- --
2024 $14,243 $678,694 -- --
2023 $14,243 $616,995 $0 $0
2022 $11,601 $560,905 $0 $0
2021 $10,870 $509,914 $0 $0
2020 $10,970 $515,065 $0 $0
2019 $10,995 $515,065 $0 $0
2018 $10,121 $504,966 $0 $0
2017 $9,632 $429,895 $0 $0
2016 $9,190 $390,814 $0 $0
2015 $8,523 $355,286 $0 $0
2014 $8,031 $339,988 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11513516

MIAMI REALTORS® MLS

APN: 01-4121-216-0970