NOT LISTED FOR SALE

371 Palmwood Ln Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood

Estimated Value: $3,219,638 - $4,848,000

5 Beds
4 Baths
2,629 Sq Ft
$1,558/Sq Ft Est. Value

Last Sold December 29, 2015

Last sale price $2,135,000 $812 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $22,144/month

6 Days on Market

Highlights

  • Boating
  • Golf Course Community
  • Heated In Ground Pool
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Marble Flooring

About This Home

As of December 2015

Lovely family home located on beautiful Palmwood Ln. An open floor designed for todays lifestyle allows for multiple living areas. A gourmet kitchen with Wolf gas oven overlooks a tropical heated pool and garden. This 5 bedroom 4 full bath home with a spl it plan is outstanding. Wonderful light through out. Just perfect!

Last Agent to Sell the Property

Barbara Lamar

One Sotheby's International Realty License #0498249 Listed on: 11/17/2015

One Sotheby's International Realty

Last Buyer's Agent

Liz Hogan

Compass Florida, LLC License #3045004

Compass Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,635

Year Built

  • Built in 1954

Lot Details

  • 7,423 Sq Ft Lot
  • Southeast Facing Home
  • Fenced
  • Property is zoned 10/S FM

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,629 Sq Ft Home
  • Furniture for Sale
  • Family Room
  • Den
  • Storage Room
  • Marble Flooring
  • Garden Views

Kitchen

  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite
  • 4 Full Bathrooms
  • Dual Sinks

Laundry

  • Dryer
  • Washer

Parking

  • Circular Driveway
  • Guest Parking
  • Open Parking

Outdoor Features

  • Heated In Ground Pool
  • Exterior Lighting
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-005-0460

Community Details

Overview

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

Recreation

  • Boating
  • Golf Course Community
  • Fitness Center

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,635

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1954
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Other
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: TROPICAL ISLE HOMES SUB 3
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Gas Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Storage
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Flooring: Marble
  • Furnished: Furniture For Sale
  • Living Area: 2629
  • Possible Use: Unknown/Withheld
  • Bedroom Features: None
  • Living Room Features: Den/Library/Office, Family Room, Separate Guest/In-Law Quarters, Storage Room
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • Roof: Other
  • View: Garden
  • Exterior Features: Lighting
  • Construction Type: CBS Construction
  • Direction Faces: Southeast
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Features: In Ground, Heated
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Boating, Exercise Room, Golf Course Community

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 24-42-32-005-0460
  • Lot Size Sq Ft: 7423
  • Zoning: 10/S FM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 13635

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2015
Closed on
Dec 29, 2015
Sold by
Penso Virgilio and Carrillo Alexandra
Seller's Agent
Barbara Lamar
One Sotheby's International Realty
Buyer's Agent
Liz Hogan
Compass Florida, LLC
List Price
$2,400,000
Sold Price
$2,135,000
Premium/Discount to List
-$265,000
-11.04%
Current Estimated Value
$3,745,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,610,709
Avg. Annual Appreciation
7.00%

Purchase Details

Closed on
Sep 30, 2010
Sold by
Goldstein Steven and Goldstein Frieda
Bought by
Penso Virgilio and Carrillo Alexandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,500
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2005
Sold by
Arrieta Julio and Arrieta Maria
Bought by
Goldstein Steven and Goldstein Frieda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 1, 2001
Sold by
Santiago and Ulloa Giulietta
Bought by
Arrieta Julio and Arrieta Maria J

Purchase Details

Closed on
May 29, 1997
Sold by
Geist Raymond A and Geist Lorna J
Bought by
Ulloa Santiago and Parodi Giulietta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
8.18%
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
-- $2,135,000 Attorney
Penso Virgilio $995,000 Attorney
Goldstein Steven $1,400,000 --
Arrieta Julio $730,000 --
Ulloa Santiago $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $417,000
Closed -- $250,000
Previous Owner Penso Virgilio $696,500
Previous Owner Goldstein Steven $350,000
Previous Owner Goldstein Steven $910,000
Previous Owner Ulloa Santiago $585,000
Previous Owner Ulloa Santiago $160,000
Previous Owner Ulloa Santiago $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2015 12/29/15 Sold $2,135,000 -11.0% $812 / Sq Ft
11/17/2015 11/17/15 For Sale $2,400,000 -- $913 / 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 $20,821 $1,322,044 -- --
2024 $20,544 $1,284,786 -- --
2023 $20,544 $1,247,366 $0 $0
2022 $19,742 $1,211,035 $0 $0
2021 $19,777 $1,175,763 $0 $0
2020 $18,515 $1,159,530 $914,885 $244,645
2019 $21,254 $1,322,215 $1,076,335 $245,880
2018 $20,581 $1,323,460 $1,076,335 $247,125
2017 $22,410 $1,425,527 $0 $0
2016 $26,468 $1,600,675 $0 $0
2015 $13,433 $833,576 $0 $0
2014 $13,636 $826,961 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Barbara Lamar

    Seller's Agent in 2015

    Barbara Lamar

    One Sotheby's International Realty

    (305) 365-2811

    8 in this area

    12 Total Sales

    Section Image
  • Liz Hogan

    Buyer's Agent in 2015

    Liz Hogan

    Compass Florida, LLC

    (305) 804-9700

    4 in this area

    258 Total Sales

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2204814

MIAMI REALTORS® MLS

APN: 24-4232-005-0460

Florida Miami/Dade County Key Biscayne 33149 Village of Key Biscayne

371 Palmwood Ln, Key Biscayne, FL

This home is located at 371 Palmwood Ln, Key Biscayne, FL 33149 since 17 November 2015 and is currently estimated at $4,097,160, approximately $1,558 per square foot. This property was built in 1954. 371 Palmwood Ln is a home located in Miami-Dade County with nearby schools including Key Biscayne K-8 Center, Ponce de Leon Middle School, and Coral Gables Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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