NOT LISTED FOR SALE

350 Palmwood Ln Key Biscayne, FL 33149

Estimated Value: $4,407,740 - $6,713,000

6 Beds
4.5 Baths
3,877 Sq Ft
$1,416/Sq Ft Est. Value

Last Sold July 31, 2012

Last sale price $2,140,000 $552 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $31,229/month

83 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Jetted Tub in Primary Bathroom
  • Key Biscayne K-8 Center Rated A-
  • Garden View
  • Attic

About This Home

As of July 2012

Warm and welcoming Key West style, 2-story, pool home with private, lushly landscaped garden including inviting covered porch + gazebo featuring a Viking outdoor kitchen. Meticulously maintained 6/4.5 with 5 bdrms on 2nd flr. Wood & stone flooring downst airs, totally renovated eat-in chef's kitchen, formal dining rm, spacious master suite, tons of storage inc. a full length lighted attic & a 25K outdoor generator. Already on sewer. Beach Club membership included. Ideal spot for island living!

Last Agent to Sell the Property

Elizabeth Warner

MMLS Assoc.-Inactive Member License #0335156 Listed on: 05/02/2012

Last Buyer's Agent

Pilar Mercader

BHHS EWM Realty License #3233342

BHHS EWM Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,514

Year Built

  • Built in 1996

Lot Details

  • 75 Sq Ft Lot
  • Lot Dimensions are 75x100
  • South Facing Home
  • Fenced
  • Property is zoned 1 /S FM

Property Views

  • Garden
  • Pool

Home Design

  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,877 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Drapes & Rods
  • Family Room
  • Formal Dining Room
  • Storage Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Parking

  • Circular Driveway
  • Open Parking

Outdoor Features

  • In Ground Pool
  • Balcony
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Gas Tank Leased
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-005-0120

Community Details

Overview

  • No Home Owners Association
  • Tropical Isle Homes Sub 3 Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,514

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1996
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • Lot Size: 75x100
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: TROPICAL ISLE HOMES SUB 3
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • LastStatus: Pending
  • CurrentPrice: 2140000
  • InternetRemarks: Warm and welcoming Key West style, 2-story, pool home with private, lushly landscaped garden including inviting covered porch + gazebo.
  • Special Features: None

Interior Features

  • Appliances: Bottled Gas, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Gas Range, Wall Oven, Washer
  • Interior Amenities: Built-in Features, Cooking Island, Walk-In Closet(s), Attic, Family Room, Storage
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Carpet, Wood
  • Furnished: Unfurnished
  • Living Area: 3877
  • Other Equipment: Gas Tank Leased
  • Possible Use: Primary
  • Window Features: Hurricane Shutters, Drapes
  • Bedroom Features: Primary Bedroom Upstairs
  • Dining Room Features: Eat-In Kitchen, Formal Dining
  • Living Room Features: Attic, Family Room, Storage Room
  • Master Bathroom Features: Bidet, Dual Sinks, Whirlpool/Spa

Exterior Features

  • Roof: Flat Tile
  • View: Garden, Pool
  • Exterior Features: Barbeque, Fruit Trees, Lighting, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Balcony
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: TROPICAL ISLE HOMES SUB 3
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Owned Burglar Alarm, Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Pool

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 24-42-32-005-0120
  • Lot Size Sq Ft: 75
  • Zoning: 1 /S FM

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 23514

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2012
Closed on
Jul 31, 2012
Sold by
Demayolo Jorge Antunez and De Mayolo Rosa P Antunez
Bought by
Civetta Gustavo and Martinez Maria De Guadalupe
Seller's Agent
Elizabeth Warner
MMLS Assoc.-Inactive Member
Buyer's Agent
Pilar Mercader
BHHS EWM Realty
List Price
$2,140,000
Sold Price
$2,140,000
Current Estimated Value
$5,488,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,348,435
Avg. Annual Appreciation
7.26%
Original Mortgage
$1,300,000
Outstanding Balance
$876,958
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$4,611,477

Purchase Details

Closed on
May 27, 2005
Sold by
Michelena Juan A and Michelena Elizabeth W
Bought by
Demayolo Jorge Antunez and Demayolo Rosa P Antunez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 20, 1996
Sold by
Ema Group Inc
Bought by
Michelena Juan A and Michelena Elizabeth W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 1995
Sold by
Basurto Enrique B and De Basurto Vilma Anicama
Bought by
Ema Group Inc
Source: Public Records
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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
Civetta Gustavo $2,140,000 Attorney
Demayolo Jorge Antunez $1,985,000 --
Michelena Juan A $825,000 --
Ema Group Inc $265,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Civetta Gustavo $1,300,000
Previous Owner Demayolo Jorge Antunez $1,500,000
Previous Owner Michelena Juan A $400,000
Previous Owner Michelena Juan A $350,000
Closed Demayolo Jorge Antunez $286,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2012 07/31/12 Sold $2,140,000 0.0% $552 / Sq Ft
07/25/2012 07/25/12 Pending -- -- --
05/02/2012 05/02/12 For Sale $2,140,000 -- $552 / 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 $30,699 $1,969,672 -- --
2024 $30,289 $1,914,162 -- --
2023 $30,289 $1,858,410 $0 $0
2022 $29,171 $1,804,282 $0 $0
2021 $29,257 $1,751,731 $0 $0
2020 $27,895 $1,727,546 $924,375 $803,171
2019 $30,836 $1,901,075 $1,087,500 $813,575
2018 $29,289 $1,867,057 $0 $0
2017 $28,923 $1,828,656 $0 $0
2016 $28,972 $1,791,045 $0 $0
2015 $29,404 $1,778,595 $0 $0
2014 $29,849 $1,764,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1635798

MIAMI REALTORS® MLS

APN: 24-4232-005-0120