NOT LISTED FOR SALE

Estimated Value: $5,430,123

0.18 Acre
$31,029,274 Price per Acre
7,622 Sq Ft Lot

Last Sold June 23, 2023

Last sale price $2,100,000 $1,832 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $32,065/month

723 Days on Market

Highlights

  • No HOA
  • Key Biscayne K-8 Center Rated A-
  • Landscaped with Trees

About This Lot

As of June 2023

Best priced opportunity to build your dream home on this beautiful residential parcel of land located in Miami's most desirable zip code. Lot is 7,622 sqft and perfectly situated on a quite street in the heart of Key Biscayne surrounded by gorgeous homes. Drive by today!

Last Listed By

Bruno Ricci

Fortune Christie's International Real Estate License #3052261 Listed on: 06/15/2021

Fortune Christie's International Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,507

Year Built

  • 1950

Lot Details

  • 7,622 Sq Ft Lot
  • West Facing Home
  • Landscaped with Trees
  • Property is zoned 0100

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-004-0070

Property Details

Property Type

Land

Est. Annual Taxes

$23,507

Year Built

1950

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Horses: No
  • Lot Size Acres: 0.175
  • New Construction: No
  • Structure Type: Residential
  • Subdivision Name: TROPICAL ISLE HOMES SUB 1
  • Special Features: VirtualTour
  • Year Built: 1950

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • Direction Faces: West
  • Lot Features: Other
  • Other Structures: Other Bldg Incl
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: TROPICAL ISLE HOMES SUB 1

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 24-42-32-004-0070
  • Additional Parcels: No
  • Current Use: Residential, Other Usage
  • Development Status: Other
  • Lot Size Sq Ft: 7622
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Jun 27, 2023
Sold by
Taurus Allendale Corp
Bought by
Garage 445 Llc
Seller's Agent
Bruno Ricci
Fortune Christie's International Real Estate
Buyer's Agent
Adriana Hernandez
Coldwell Banker Realty
List Price
$2,200,000
Sold Price
$2,100,000
Premium/Discount to List
-$100,000
-4.55%
Total Days on Market
723
Views
44
Current Estimated Value
$5,430,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,330,123
Avg. Annual Appreciation
47.48%
Original Mortgage
$2,750,000
Outstanding Balance
$2,701,035
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$1,709,833

Purchase Details

Listed on
Jul 21, 2020
Closed on
Oct 9, 2020
Sold by
Properly 445 Llc
Bought by
Taurus Allendale Corp
Seller's Agent
Geysa Guarconi
Luft Realty
Buyer's Agent
Bruno Ricci
Fortune Christie's International Real Estate
List Price
$1,450,000
Sold Price
$1,330,000
Premium/Discount to List
-$120,000
-8.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.51%

Purchase Details

Listed on
Sep 4, 2019
Closed on
Oct 16, 2019
Sold by
Allocco Carlo and Detweiler Michelle
Bought by
Property 445 Llc
Seller's Agent
Joan McCaughan
Coldwell Banker Realty
Buyer's Agent
Geysa Guarconi
Luft Realty
List Price
$1,150,000
Sold Price
$1,150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.65%

Purchase Details

Closed on
Nov 30, 2010
Sold by
Bahamon Enrique and Bahamon Debbie
Bought by
Allocco Carlo and Detweiler Michelle

Purchase Details

Closed on
Oct 2, 2000
Sold by
Wiegering Carlos
Bought by
Bahamon Enrique and Bahamon Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
7.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 1999
Sold by
Luciano and Rebay Martha
Bought by
Wiegering Carlos and Wiegering Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
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
Garage 445 Llc $2,100,000 None Listed On Document
Taurus Allendale Corp $1,330,000 Attorney
Property 445 Llc $1,150,000 Attorney
Allocco Carlo $885,000 Attorney
Bahamon Enrique $547,500 --
Wiegering Carlos $315,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garage 445 Llc $2,750,000
Previous Owner Taurus Allendale Corp $400,000
Previous Owner Detweiler Michelle $490,000
Previous Owner Allocco Carlo $325,000
Previous Owner Wiegering Carlos $442,000
Previous Owner Wiegering Carlos $30,000
Previous Owner Wiegering Carlos $64,500
Previous Owner Wiegering Carlos $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $2,100,000 -4.5% $1,832 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
02/21/2023 02/21/23 Price Changed $2,200,000 -10.2% $1,920 / Sq Ft
05/18/2022 05/18/22 Price Changed $2,450,000 +11.4% $2,138 / Sq Ft
06/15/2021 06/15/21 For Sale $2,200,000 +65.4% $1,920 / Sq Ft
10/15/2020 10/15/20 Sold $1,330,000 -3.6% $1,274 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
08/17/2020 08/17/20 Price Changed $1,380,000 -4.8% $1,322 / Sq Ft
07/21/2020 07/21/20 For Sale $1,450,000 +26.1% $1,389 / Sq Ft
10/16/2019 10/16/19 Sold $1,150,000 0.0% $1,102 / Sq Ft
09/19/2019 09/19/19 Pending -- -- --
08/30/2019 08/30/19 For Sale $1,150,000 -- $1,102 / 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
2024 $23,507 $1,753,060 $1,753,060 --
2023 $23,507 $1,277,332 $0 $0
2022 $20,015 $1,161,211 $0 $0
2021 $17,720 $1,055,647 $1,055,647 $0
2020 $15,847 $957,095 $939,412 $17,683
2019 $15,185 $953,925 $0 $0
2018 $14,405 $936,139 $0 $0
2017 $14,207 $916,885 $0 $0
2016 $14,242 $898,027 $0 $0
2015 $14,446 $891,785 $0 $0
2014 $14,669 $884,708 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11057743

MIAMI REALTORS® MLS

APN: 24-4232-004-0070