NOT LISTED FOR SALE

401 Ridgewood Rd Key Biscayne, FL 33149

Estimated Value: $6,402,000 - $8,812,000

6 Beds
6.5 Baths
4,464 Sq Ft
$1,617/Sq Ft Est. Value

Last Sold September 27, 2022

Last sale price $6,900,000 $1,546 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $44,931/month

93 Days on Market

Highlights

  • New Construction
  • Outdoor Pool
  • Wood Flooring
  • Key Biscayne K-8 Center Rated A-
  • Maid or Guest Quarters
  • Main Floor Bedroom

About This Home

As of September 2022

2021 construction, modern home located in the heart of Key Biscayne. Enjoy 6 bedrooms and 6 1/2 baths spread over 4,464 SF of Living Area. Terrazzo Floors & Engineer wood, Ernesto Meda Kitchen, Casa Bath & Aran closets, marble and hans grohe bathroom faucets, top of the line appliance Subzero, Gaggenau, Miele and Wolf outdoor barbecue.

Last Agent to Sell the Property

Miguel Quintero

Avanti Way Realty LLC License #3284819 Listed on: 05/01/2022

Avanti Way Realty LLC

Last Buyer's Agent

Mark Chatburn

One Sotheby's International Realty License #3488011

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,223

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 9,510 Sq Ft Lot
  • West Facing Home
  • Fenced
  • Property is zoned 0100

Parking

  • 4 Car Garage

Home Design

  • Elevated Home
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,464 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Garden Views
  • Fire and Smoke Detector
  • Washer

Kitchen

  • Gas Range
  • Microwave
  • Cooking Island

Flooring

  • Wood
  • Terrazzo

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Maid or Guest Quarters

Outdoor Features

  • Outdoor Pool
  • Outdoor Grill

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association
  • Tropical Isle Homes Sub 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-004-0770

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,223

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 2021
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: Yes
  • Structure Type: Pool Only, House
  • Subdivision Name: TROPICAL ISLE HOMES SUB 1
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Appliances: Microwave, Other Equipment/Appliances, Gas Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Cooking Island, Family Room, Maid/In-Law Quarters
  • Spa Yn: No
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Terrazzo, Wood
  • Furnished: Unfurnished
  • Living Area: 4464
  • Other Equipment: Natural Gas
  • Possible Use: Primary
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Living Room Features: Family Room, Maid/In-Law Quarters

Exterior Features

  • Roof: Concrete
  • View: Garden
  • Exterior Features: Barbeque, Built-In Grill
  • Construction Type: CBS Construction, Elevated Construction
  • Direction Faces: West
  • Fencing: Fenced
  • Lot Features: Other Lot Description
  • Pool Features: Automatic Chlorination
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: TROPICAL ISLE HOMES SUB 1
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Parking Features: Covered

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 24-42-32-004-0770
  • Lot Size Sq Ft: 9510
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 19223

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2022
Closed on
Sep 26, 2022
Sold by
Tamarac Real Estate Llc
Bought by
Simoes Zica Leonardo and Ribeiro Zica Juliana
Seller's Agent
Miguel Quintero
Avanti Way Realty LLC
Buyer's Agent
Mark Chatburn
One Sotheby's International Realty
List Price
$7,250,000
Sold Price
$6,900,000
Premium/Discount to List
-$350,000
-4.83%
Views
9
Current Estimated Value
$7,219,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,830
Avg. Annual Appreciation
1.39%
Original Mortgage
$3,400,000
Outstanding Balance
$3,195,559
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$4,024,271

Purchase Details

Closed on
May 31, 2019
Sold by
401 Ridgewood Llc
Bought by
Tamarac Real Estate Llc

Purchase Details

Listed on
May 3, 2017
Closed on
Sep 5, 2017
Sold by
Sills Gene E
Bought by
401 Ridgewood Llc
Seller's Agent
Lucia Morale Pena PA
MMLS Assoc.-Inactive Member
Buyer's Agent
Miguel Quintero
Avanti Way Realty LLC
List Price
$1,699,400
Sold Price
$1,300,000
Premium/Discount to List
-$399,400
-23.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.91%
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
Simoes Zica Leonardo $6,900,000 --
Tamarac Real Estate Llc $1,650,000 Attorney
401 Ridgewood Llc $537,000 Attorney
401 Ridgewood Llc $328,500 Attorney
401 Ridgewood Llc $328,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simoes Zica Leonardo $3,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2022 09/27/22 Sold $6,900,000 -4.8% $1,546 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $7,250,000 0.0% $1,624 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $7,250,000 +457.7% $1,624 / Sq Ft
09/18/2017 09/18/17 Sold $1,300,000 -3.7% $797 / Sq Ft View Prior Sale
08/14/2017 08/14/17 Pending -- -- --
07/21/2017 07/21/17 Price Changed $1,350,000 -20.6% $828 / Sq Ft
05/03/2017 05/03/17 For Sale $1,699,400 -- $1,042 / 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 $90,629 $5,916,598 $2,176,980 $3,739,618
2024 $91,832 $5,703,960 $1,925,790 $3,778,170
2023 $91,832 $5,742,455 $1,925,790 $3,816,665
2022 $46,049 $2,779,394 $0 $0
2021 $19,223 $1,135,169 $0 $0
2020 $17,106 $1,031,972 $1,031,972 $0
2019 $20,162 $1,214,085 $1,214,085 $0
2018 $21,600 $1,344,514 $1,214,085 $130,429
2017 $26,768 $1,654,404 $0 $0
2016 $27,413 $1,654,504 $0 $0
2015 $5,378 $354,290 $0 $0
2014 $5,465 $351,479 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11197132

MIAMI REALTORS® MLS

APN: 24-4232-004-0770