NOT LISTED FOR SALE

350 Palmwood Ln Key Biscayne, FL 33149

Estimated Value: $4,269,000 - $5,377,000

6 Beds
4.5 Baths
3,877 Sq Ft
$1,261/Sq Ft Est. Value

Sale Details

Date Sold: July 31, 2012

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

Est. 128% increase in value since last sale

Current estimated payment $28,965 / mo

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

75 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2012
Closed on
Jul 31, 2012
Sold by
Bought by
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
$4,887,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,747,514
Avg. Annual Appreciation
6.13%
Original Mortgage
$1,300,000
Outstanding Balance
$876,958
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$4,010,556

Purchase Details

Closed on
May 27, 2005
Sold by
Bought by

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
Bought by

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
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,140,000 Attorney
$1,985,000 --
$825,000 --
$265,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,300,000
Previous Owner $1,500,000
Previous Owner $400,000
Previous Owner $350,000
Closed $286,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $31,402 $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

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