NOT LISTED FOR SALE

40 Island Dr Key Biscayne, FL 33149

Estimated Value: $4,782,000 - $7,989,000

6 Beds
6.5 Baths
3,517 Sq Ft
$1,832/Sq Ft Est. Value

Sale Details

Date Sold: December 3, 2020

Last sale price $5,918,220 $1,683 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $40,566 / mo

329 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Home fronts a canal
  • Key Biscayne K-8 Center Rated A-
  • In Ground Pool
  • Deck

About This Home

As of December 2020

Stunning, magazine quality waterfront home on the exclusive & idyllic island of Key Biscayne. Enjoy water views from light-filled living spaces w/ soaring, vaulted wood-beamed ceilings, a striking white color palette & a modern vibe throughout. Updates include new: limestone flooring, spa-like baths, impact glass, interior & exterior Sonos sound system, new dock w/adjoining floating dock & new stone terrace & pool deck. European-style kitchen features black granite countertops, Viking appliances & breakfast area. Lush, tropical garden surrounds the resort-like outdoor space that offers an expansive covered terrace, pool & gazebo w/ spectacular sunset views. Protected, private dock w/davits & no bridges to the bay. Direct ocean access, 180’ turning basin at the head of the canal.

Last Agent to Sell the Property

Riley Smith

Compass Florida, LLC. License #3028618 Listed on: 10/21/2019

Compass Florida, LLC.

Last Buyer's Agent

Giulietta Ulloa

BHHS EWM Realty License #0658811

BHHS EWM Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,185

Year Built

  • Built in 1969

Lot Details

  • 15,000 Sq Ft Lot
  • Lot Dimensions are 100x150
  • Home fronts a canal
  • East Facing Home
  • Fenced
  • Property is zoned 2000

Parking

  • 2 Car Attached Garage
  • Driveway
  • Paver Block
  • Open Parking

Home Design

  • Substantially Remodeled
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,517 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Canal Views

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Roman Tub

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • High Impact Windows
  • High Impact Door

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Private Dock
  • Balcony
  • Deck
  • Exterior Lighting
  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Cape Florida Sub Sec 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-024-0120

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,185

Year Built

Built in 1969

Lot Details

0.34 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1969
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock, Private Dock
  • Lot Size: 100x150
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: CAPE FLORIDA SUB SEC 3
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Entrance Foyer, French Doors, Roman Tub, Vaulted Ceiling(s), Walk-In Closet(s), Den/Library/Office, Family Room, Utility Room/Laundry
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: High Impact Doors, French Doors
  • Entry Location: Foyer
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 3517
  • Possible Use: Unknown/Withheld
  • Window Features: Complete Impact Glass, High Impact Windows, Impact Glass
  • Bedroom Features: Other
  • Dining Room Features: Breakfast Area, Formal Dining, Snack Bar/Counter
  • Living Room Features: Den/Library/Office, Family Room, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • Roof: Barrel Roof
  • View: Canal, Water
  • Exterior Features: Lighting, Open Balcony, Outdoor Shower
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Disclosures: Disclosure
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Deck, Open Balcony, Open Porch
  • Pool Features: In Ground
  • Pool Private: No
  • Property Condition: Substantially Remodeled, Completely Renovated
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front, No Fixed Bridges
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: CAPE FLORIDA SUB SEC 3
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, Paver Block

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Owned Burglar Alarm

Condo/Co-op/Association

  • Association: No
  • Community Features: Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 24-52-05-024-0120
  • Lot Size Sq Ft: 15000
  • Zoning: 2000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 38185

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
Oct 21, 2019
Closed on
Dec 3, 2020
Sold by
Bought by
Seller's Agent
Riley Smith
Compass Florida, LLC.
Buyer's Agent
Giulietta Ulloa
BHHS EWM Realty
List Price
$6,995,000
Sold Price
$5,918,220
Premium/Discount to List
-$1,076,780
-15.39%
Current Estimated Value
$6,442,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$524,183
Avg. Annual Appreciation
1.56%
Original Mortgage
$3,000,000
Outstanding Balance
$2,690,912
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$3,751,491

Purchase Details

Closed on
Sep 27, 2004
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
$650,000
Interest Rate
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 30, 2003
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
$1,170,000
Interest Rate
3.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$5,918,300 Attorney
$2,875,000 --
$1,800,000 --
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 $3,000,000
Previous Owner $650,000
Previous Owner $1,170,000
Closed $1,000,000
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
12/03/2020 12/03/20 Sold $5,918,220 -10.3% $1,683 / Sq Ft
06/17/2020 06/17/20 Price Changed $6,600,000 -5.6% $1,877 / Sq Ft
10/21/2019 10/21/19 For Sale $6,995,000 -- $1,989 / 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 $70,032 $4,524,248 -- --
2024 $69,108 $4,396,743 -- --
2023 $69,108 $4,268,683 $0 $0
2022 $66,412 $4,144,353 $0 $0
2021 $66,684 $4,023,644 $0 $0
2020 $41,072 $2,523,224 $0 $0
2019 $40,230 $2,466,495 $0 $0
2018 $38,185 $2,420,506 $0 $0
2017 $37,726 $2,370,721 $0 $0
2016 $37,808 $2,321,960 $0 $0
2015 $38,364 $2,305,820 $0 $0
2014 $38,952 $2,287,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Riley Smith

    Seller's Agent in 2020

    Riley Smith

    Compass Florida, LLC.

    (786) 550-6054

    9 in this area

    707 Total Sales

    Riley Smith
    Section Image
  • Giulietta Ulloa

    Buyer's Agent in 2020

    Giulietta Ulloa

    BHHS EWM Realty

    (305) 710-6620

    71 in this area

    120 Total Sales

    Giulietta Ulloa
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10759872

MIAMI REALTORS® MLS

APN: 24-5205-024-0120

Florida Miami/Dade County Key Biscayne 33149

40 Island Dr, Key Biscayne, FL

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