NOT LISTED FOR SALE

Estimated Value: $1,476,983 - $1,764,000

2 Beds
2.5 Baths
1,540 Sq Ft
$2,275/mo HOA Fee

Last Sold September 21, 2023

Last sale price $1,400,000 $909 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $12,384/month

25 Days on Market

Highlights

  • Doorman
  • Water Views
  • Fitness Center
  • Coconut Grove Elementary School Rated A
  • Bar or Lounge
  • 3-minute walk to Regatta Park

About This Home

As of September 2023

Situated in the heart of Coconut Grove, this fantastic 2 bed, 2.5 bath in the Ritz Carlton Residences will elevate your living experience with exceptional finishes, views and world class amenities. This light-filled corner unit features a high-end kitchen with Sub-Zero refrigerator, marble flooring throughout, walk-in closets and two balconies. The building boasts resident access to the Ritz hotel spa, two luxury pools, fitness center, restaurant, concierge services, assigned & valet parking. Enjoy walking distance to Coconut Grove’s shops, dining and marinas. A perfect blend of urban sophistication and convenience awaits!

Last Agent to Sell the Property

Jessica Adams

Douglas Elliman License #3253202 Listed on: 08/07/2023

Douglas Elliman

Last Buyer's Agent

Judith Hansen

Compass Florida, LLC License #3184540

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,211

Year Built

  • Built in 2001

HOA Fees

  • $2,275 Monthly HOA Fees

Parking

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

Property Views

  • Water
  • Skyline

Home Design

  • Entry on the 9th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,540 Sq Ft Home
  • Blinds
  • Formal Dining Room
  • Marble Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Two Primary Bathrooms
  • Dual Sinks
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Schools

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

Additional Features

  • Balcony
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-21-216-0860

Community Details

Overview

  • High-Rise Condominium
  • Ritz Carlton Condos
  • The Tower Residences Cond Subdivision
  • 22-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sauna
  • Trash Chute
  • Clubhouse
  • Business Center
  • Community Center
  • Party Room
  • Bar or Lounge
  • Elevator
  • Lobby
  • Secure Lobby

Recreation

  • Fitness Center
  • Heated Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Partial Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,211

Year Built

Built in 2001

Lot Details

0

HOA Fees

$2,275 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: Use Google Maps, valet is complimentary at the building for visitors.
  • Entry Level: 9
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE TOWER RESIDENCES COND
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Lobby, Closet Cabinetry, Fire Sprinklers, Pantry, Split Bedroom
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1540
  • Possible Use: Unknown/Withheld
  • Stories: 22
  • Window Features: Partial Impact Glass, Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Family/Dining Combination, Formal Dining, Snack Bar/Counter
  • Master Bathroom Features: 2 Primary Bathrooms, Combination Tub & Shower, Dual Sinks

Exterior Features

  • View: Other View, Skyline, Water View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Ritz-Carlton
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Covered, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Fire Alarm, Doorman, Card Entry, Secured Garage/Parking, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 2275
  • Amenities: Bar, Business Center, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Heated Pool, Pool, Sauna, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

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

Lot Info

  • Parcel Number: 01-41-21-216-0860
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 12211

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2023
Closed on
Sep 21, 2023
Sold by
Beatrice Nelson Declaration Of Trust
Bought by
Khan Qadar and Khan Francesca
Seller's Agent
Jessica Adams
Douglas Elliman
Buyer's Agent
Judith Hansen
Compass Florida, LLC
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%
Views
27
Current Estimated Value
$1,566,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,246
Avg. Annual Appreciation
5.54%

Purchase Details

Closed on
Aug 26, 2010
Sold by
Nelson Beatrice
Bought by
Beatrice Nelso Trs

Purchase Details

Closed on
Feb 4, 2002
Sold by
Raul Delmolina and Raul Maria E
Bought by
Nelson Beatrice

Purchase Details

Closed on
Nov 27, 2001
Sold by
Grove Ocean Condo Llc
Bought by
Demolina Raul and Demolina Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,800
Interest Rate
6.54%
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
Khan Qadar $1,400,000 None Listed On Document
Beatrice Nelso Trs $100 --
Nelson Beatrice $425,000 --
Demolina Raul $329,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demolina Raul $263,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2023 09/21/23 Sold $1,400,000 -6.7% $909 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $1,500,000 0.0% $974 / Sq Ft
07/15/2022 07/15/22 Rented $7,500 -6.3% --
07/05/2022 07/05/22 Under Contract -- -- --
04/15/2022 04/15/22 Price Changed $8,000 +6.7% $5 / Sq Ft
04/11/2022 04/11/22 For Rent $7,500 -- --
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 $21,962 $877,036 -- --
2024 $15,105 $1,096,295 -- --
2023 $15,105 $629,208 $0 $0
2022 $12,211 $572,008 $0 $0
2021 $12,276 $577,787 $0 $0
2020 $12,131 $577,787 $0 $0
2019 $11,429 $577,787 $0 $0
2018 $10,456 $566,458 $0 $0
2017 $10,486 $424,844 $0 $0
2016 $10,012 $417,983 $0 $0
2015 $9,561 $398,554 $0 $0
2014 $9,009 $381,392 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11430807

MIAMI REALTORS® MLS

APN: 01-4121-216-0860