NOT LISTED FOR SALE

398 Harbor Dr Key Biscayne, FL 33149

Estimated Value: $3,776,000 - $16,629,064

3 Beds
3 Baths
1,806 Sq Ft
$5,649/Sq Ft Est. Value

Last Sold May 13, 2024

Last sale price $19,250,000 $10,659 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $68,980/month

276 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • 20,933 Sq Ft lot
  • Porch
  • Key Biscayne K-8 Center Rated A-
  • No HOA
  • 4-minute walk to Harbor Drive Park

About This Home

As of May 2024

Truly a trophy property ready to be developed.The original cottage on this unique 20,933 sq. ft. lot, is nestled among some of the most coveted stately homes of Key Biscayne. It may be lived in while your new house project is ready. Watch the endless parade of boats as they cruise the shimmering waters of Biscayne Bay, or simply enjoy the spectacle of the always changing color palette of Miami Sunsets and night lights. Watch an assortment of marine life stop by to greet you while you lounge in your bayfront backyard.The Key is a short ride away -10 to 15 minutes – from the excitement of Downtown Miami and the Beaches, as well as a 20 minutes ride to Miami International Airport and Miami Executive private airport, yet the Key feels so far away.

Last Agent to Sell the Property

Carlos Coto

One Sotheby's International Realty License #0165407 Listed on: 08/10/2023

One Sotheby's International Realty

Last Buyer's Agent

Carlos Coto

One Sotheby's International Realty License #0165407 Listed on: 08/10/2023

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $150,310

Year Built

  • Built in 1952

Lot Details

  • 0.48 Acre Lot
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Property is zoned 2000

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,806 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Bay Views
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Porch

Schools

  • Keybiscayne Elementary School
  • Mast Academy High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • Tropical Isle Homes Sub 4 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-006-0040

Home Details

Home Type

Single Family

Est. Annual Taxes

$150,310

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1952
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Road Frontage Type: Bay
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: TROPICAL ISLE HOMES SUB 4
  • Year Built Details: Unknown
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Washer
  • Interior Amenities: First Floor Entry, Other
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1806
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Other
  • Living Room Features: Other

Exterior Features

  • Roof: Other
  • View: Bay, Water
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/No Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: TROPICAL ISLE HOMES SUB 4
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Other
  • Water Source: Other
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy

Lot Info

  • Parcel Number: 24-42-32-006-0040
  • Lot Size Sq Ft: 20933
  • Zoning: 2000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 150310

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
May 13, 2024
Sold by
398 Harbor Corp
Bought by
Key Biscayne Real Properties Llc
Seller's Agent
Carlos Coto
One Sotheby's International Realty
Buyer's Agent
Carlos Coto
One Sotheby's International Realty
List Price
$19,900,000
Sold Price
$19,250,000
Premium/Discount to List
-$650,000
-3.27%
Views
211
Current Estimated Value
$10,202,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,047,468
Avg. Annual Appreciation
-31.16%

Purchase Details

Listed on
Jan 9, 2018
Closed on
Aug 14, 2018
Sold by
Sunset Bay Realty Llc
Bought by
398 Harbor Corp
Seller's Agent
Brigitte Nachtigall
One Sotheby's International Realty
Buyer's Agent
Non-Member Mls Agent
List Price
$12,950,000
Sold Price
$11,100,000
Premium/Discount to List
-$1,850,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.09%

Purchase Details

Listed on
Jan 7, 2013
Closed on
Mar 28, 2013
Sold by
Yehle John Lawrence and Yehle Thomas Markham
Bought by
Sunset Bay Realty Llc
Seller's Agent
Maureen Jauregui
Coldwell Banker Realty
Buyer's Agent
Brigitte Nachtigall
One Sotheby's International Realty
List Price
$9,600,000
Sold Price
$8,500,000
Premium/Discount to List
-$1,100,000
-11.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Key Biscayne Real Properties Llc $19,250,000 None Listed On Document
398 Harbor Corp $11,100,000 Tuscany Title & Escrow Servi
Sunset Bay Realty Llc $8,450,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2024 05/13/24 Sold $19,250,000 -12.5% $10,659 / Sq Ft
04/04/2024 04/04/24 Price Changed $22,000,000 +10.6% $12,182 / Sq Ft
08/10/2023 08/10/23 For Sale $19,900,000 +79.3% $11,019 / Sq Ft
08/20/2018 08/20/18 Sold $11,100,000 -11.2% $6,146 / Sq Ft View Prior Sale
08/02/2018 08/02/18 Pending -- -- --
04/04/2018 04/04/18 Price Changed $12,499,000 -3.5% $6,921 / Sq Ft
01/08/2018 01/08/18 For Sale $12,950,000 0.0% $7,171 / Sq Ft
11/07/2013 11/07/13 Rented $11,000 -12.0% --
10/08/2013 10/08/13 Under Contract -- -- --
06/07/2013 06/07/13 For Rent $12,500 0.0% --
04/03/2013 04/03/13 Sold $8,500,000 -11.5% $3,944 / Sq Ft View Prior Sale
02/18/2013 02/18/13 Pending -- -- --
01/08/2013 01/08/13 For Sale $9,600,000 -- $4,455 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $178,018 $14,918,754 $14,653,100 $265,654
2024 $164,699 $10,953,570 -- --
2023 $164,699 $9,957,791 $0 $0
2022 $150,310 $9,052,538 $0 $0
2021 $141,599 $8,538,910 $8,373,200 $165,710
2020 $141,007 $8,538,941 $8,373,200 $165,741
2019 $141,359 $8,538,972 $8,373,200 $165,772
2018 $136,782 $8,539,004 $8,373,200 $165,804
2017 $148,446 $9,187,958 $0 $0
2016 $144,905 $8,425,650 $0 $0
2015 $132,155 $7,659,682 $0 $0
2014 $120,421 $6,963,348 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11430953

MIAMI REALTORS® MLS

APN: 24-4232-006-0040