NOT LISTED FOR SALE

Estimated Value: $1,502,265 - $1,854,000

2 Beds
2.5 Baths
1,530 Sq Ft
2001 Built

Last Sold May 25, 2016

Last sale price $808,500 $528 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $9,900/month

Highlights

  • Valet Parking
  • Property Fronts a Bay or Harbor
  • Fitness Center
  • Coconut Grove Elementary School Rated A
  • Bar or Lounge
  • 3-minute walk to Regatta Park

About This Home

As of June 2020

Fully furnished rental with direct unobstructed waterfront views from the floor to ceiling windows and private terraces of this coveted “03” line corner unit at the Ritz-Carlton residences in Coconut Grove. Legendary Ritz-Carlton luxury and lifestyle in the heart of Coconut Grove across from Biscayne Bay, Regatta park and the marina. Access to all 5-star hotel amenities including full-service pool, spa, fitness center, restaurants & bars, concierge and valet parking plus residents-only amenities. Walking distance to waterfront parks, restaurants, shops and entertainment. Easy drive to Miami Beach, Downtown Miami, Coral Gables and the Miami International Airport. $7,500/mo for 6-month rental. Call for rates and availability for less than 6 months.

Last Agent to Rent the Property

Jo-Ann Forster

MMLS Assoc.-Inactive Member License #0079690 Listed on: 05/04/2020

MMLS Assoc.-Inactive Member

Co-Listed By

Brian Shapiro

Miami Portfolio Collection License #3232344

Last Renter's Agent

David Siddons

Douglas Elliman License #3225344

Douglas Elliman

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,427

Year Built

  • Built in 2001

Lot Details

  • Property Fronts a Bay or Harbor
  • Southeast Facing Home

Parking

  • 1 Car Garage
  • Assigned Parking
  • Secure Parking

Interior Spaces

  • 1,530 Sq Ft Home
  • Furnished
  • Blinds
  • Sliding Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Recreation Room
  • Game Room
  • Sauna
  • Marble Flooring
  • Bay Views

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Roman Tub

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Pool
  • Balcony
  • Exterior Lighting

Schools

  • Coconut Grove Elementary School
  • Ponce De Leon Middle School
  • Coral Gables High School

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 5/4/20
  • Short Term Lease Lease Term
  • Assessor Parcel Number 01-41-21-216-0490

Community Details

Overview

  • No Home Owners Association
  • The Tower Residences Cond Condos
  • The Tower Residences Cond,Ritz Carlton Subdivision

Amenities

  • Valet Parking
  • Full Time Lobby Attendant
  • Sauna
  • Game Room
  • Community Center
  • Bar or Lounge
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$14,427

Year Built

Built in 2001

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: No
  • Available Date: 2020-05-04
  • Lease Term: Short Term Lease

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2001
  • Property Sub Type: Condominium
  • Co List Office Mls Id: COMP03
  • Co List Office Phone: 305-330-5481
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • Lease Assignable: No
  • New Construction: No
  • Structure Type: Condo/Co-Op/Seasonal, Condo
  • Subdivision Name: THE TOWER RESIDENCES COND,Ritz Carlton
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Closet Cabinetry, Elevator, Entrance Foyer, Pantry, Roman Tub, Split Bedroom, Walk-In Closet(s), Foyer, Game Room, Recreation Room, Sauna
  • Spa Yn: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Marble
  • Furnished: Furnished
  • Living Area: 1530
  • Other Equipment: Elevator
  • Spa Features: Community
  • Window Features: Complete Impact Glass, Blinds, High Impact Windows, Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room, Snack Bar/Counter
  • Living Room Features: Foyer, Game Room, Pantry, Recreation Room, Sauna

Exterior Features

  • View: Bay, Water
  • Exterior Features: Lighting, Open Balcony
  • Direction Faces: Southeast
  • Patio And Porch Features: Open Balcony
  • Pool Features: Community
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: THE TOWER RESIDENCES COND
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Valet

Utilities

  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Key Card Entry, Lobby Attended, Key/Card Entry Parking

Condo/Co-op/Association

  • Amenities: Activity Room, Bar, Community Pool, Elevator(s), Exercise Room, Management On Site, Sauna, Spa/Hot Tub
  • Association: No
  • Community Features: Bar, Pool, Exercise Room, Game Room, Management On Site, Sauna, Spa/Hot Tub

Schools

  • Elementary School: Coconut Grove
  • High School: Coral Gables
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel Number: 01-41-21-216-0490
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 6110
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2016
Closed on
May 17, 2016
Sold by
Nationstar Mortgage Llc
Bought by
Zito John and Zito Judith E
Seller's Agent
Keren Bajaroff
DK International Rlty Inc.
Buyer's Agent
Brian Shapiro
Miami Portfolio Collection
List Price
$875,000
Sold Price
$808,500
Premium/Discount to List
-$66,500
-7.6%
Current Estimated Value
$1,645,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$836,816
Avg. Annual Appreciation
7.84%

Purchase Details

Closed on
Mar 22, 2016
Sold by
Quijano Mauricio
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Oct 13, 2010
Sold by
Vasquez Miriam
Bought by
The Tower Residences Condominium Associa

Purchase Details

Closed on
May 18, 2007
Sold by
Quijano Mauricio
Bought by
Vasquez Miriam

Purchase Details

Closed on
Dec 19, 2006
Sold by
Singer Jack M
Bought by
Vasquez Miriam and Quijano Mauricio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2005
Sold by
Grove Multimedia Llc
Bought by
Singer Md Jack M

Purchase Details

Closed on
Nov 13, 2001
Sold by
Grove Ocean Condo Llc
Bought by
Multimedia Grove

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,800
Interest Rate
6.67%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Zito John $808,500 Attorney
Nationstar Mortgage Llc $611,100 None Available
The Tower Residences Condominium Associa $20,100 None Available
Vasquez Miriam $280,000 None Available
Vasquez Miriam $725,000 Attorney
Singer Md Jack M $525,000 --
Multimedia Grove $688,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vasquez Miriam $580,000
Previous Owner Multimedia Grove $550,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/05/2020 06/05/20 Rented $7,250 -3.3% --
05/31/2020 05/31/20 Under Contract -- -- --
05/04/2020 05/04/20 For Rent $7,500 0.0% --
05/25/2016 05/25/16 Sold $808,500 -7.6% $528 / Sq Ft View Prior Sale
05/10/2016 05/10/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $875,000 0.0% $572 / Sq Ft
08/04/2014 08/04/14 Rented $5,000 0.0% --
08/04/2014 08/04/14 For Rent $5,000 -- --
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 $14,427 $784,014 -- --
2024 $14,346 $761,919 -- --
2023 $14,346 $739,728 $0 $0
2022 $13,939 $718,183 $0 $0
2021 $13,927 $697,266 $0 $0
2020 $13,759 $687,640 $0 $0
2019 $13,460 $672,180 $0 $0
2018 $14,765 $746,867 $0 $0
2017 $14,937 $746,867 $0 $0
2016 $13,861 $578,660 $0 $0
2015 $13,237 $551,772 $0 $0
2014 $12,472 $528,011 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10846727

MIAMI REALTORS® MLS

APN: 01-4121-216-0490