NOT LISTED FOR SALE

Estimated Value: $1,293,110 - $1,735,000

1 Bed
1 Bath
849 Sq Ft
$1,200/mo HOA Fee

Last Sold October 21, 2020

Last sale price $925,000 $1,090 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $11,065/month

85 Days on Market

Highlights

  • Valet Parking
  • Ocean Front
  • Fitness Center
  • Key Biscayne K-8 Center Rated A-
  • Bar or Lounge
  • Deck

About This Home

As of October 2020

SPACIOUS 1-BED UNIT at The Ritz-Carlton in Key Biscayne.
Recent multi-million dollar renovation, with new pool, beach cabanas, kids water park and much more.
Amenities include 3 restaurants with views to the ocean, concierge service, tennis and paddle tennis, valet, fitness center, spa, beach service and more.
Enjoy the first-class facilities and amenities whilst having the ability to legally rent the unit daily or be part of the Ritz Hotel Program.

Last Agent to Sell the Property

Gustavo Gambino

Gambino Real Estate Corp. License #3096862 Listed on: 06/29/2020

Last Buyer's Agent

Lourdes Lorenzo Luaces

Ocean Club Realty, Inc. License #3467479

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,851

Year Built

  • Built in 2001

HOA Fees

  • $1,200 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

  • Ocean
  • Garden

Interior Spaces

  • 849 Sq Ft Home
  • Furnished
  • Drapes & Rods
  • Blinds
  • Carpet

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Property has ocean access
  • Courtyard
  • Deck

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-061-0160

Community Details

Overview

  • Mid-Rise Condominium
  • Ritz Carlton Key Biscayn Condos
  • G B Resort Condo Hotel Subdivision
  • 10-Story Property

Amenities

  • Valet Parking
  • Sauna
  • Billiard Room
  • Business Center
  • Bar or Lounge
  • Laundry Facilities
  • Secure Lobby

Recreation

  • Tennis Courts
  • Fitness Center
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,851

Year Built

Built in 2001

Lot Details

0

HOA Fees

$1,200 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Condominium
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: G B RESORT CONDO HOTEL
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Ice Maker, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Carpet
  • Furnished: Furnished
  • Living Area: 849
  • Possible Use: Secondary
  • Stories: 10
  • Window Features: Blinds, Drapes
  • Bedroom Features: At Least 1 Bedroom Ground Level

Exterior Features

  • View: Garden View, Ocean View
  • Exterior Features: Other, Courtyard, Tennis Court(s)
  • Patio And Porch Features: Deck
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: RITZ CARLTON Key Biscayn
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Valet

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Complex Fenced, Elevator Secure, Lobby Secured, Other

Condo/Co-op/Association

  • Association Fee: 1200
  • Amenities: Bar, Billiard Room, Business Center, Laundry, Elevator(s), Exercise Room, Heated Pool, Exterior Lighting, Other, Sauna, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-061-0160
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No, Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 13851

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Dec 19, 2020
Sold by
Goodarch Kb Llc
Bought by
Archdeacon Timothy and Goodstein Lauren Faith
Seller's Agent
Gustavo Gambino
Gambino Real Estate Corp.
Buyer's Agent
Lourdes Lorenzo Luaces
Ocean Club Realty, Inc.
List Price
$1,100,000
Sold Price
$925,000
Premium/Discount to List
-$175,000
-15.91%
Current Estimated Value
$1,581,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$656,028
Avg. Annual Appreciation
9.89%

Purchase Details

Listed on
Jun 29, 2020
Closed on
Oct 21, 2020
Sold by
Sand4 Llc
Bought by
Goodarch Kb Llc
Seller's Agent
Gustavo Gambino
Gambino Real Estate Corp.
Buyer's Agent
Lourdes Lorenzo Luaces
Ocean Club Realty, Inc.
List Price
$1,100,000
Sold Price
$925,000
Premium/Discount to List
-$175,000
-15.91%

Purchase Details

Closed on
Jul 26, 2018
Sold by
Doolin Joni and Doolin Wallace Doolin
Bought by
Sand4 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.54%

Purchase Details

Closed on
Feb 21, 2003
Sold by
Sole Key Biscayne Inc
Bought by
Doolin Wallace and Doolin Joni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
5.87%

Purchase Details

Closed on
Aug 16, 2001
Sold by
G B Hotel Partners
Bought by
Sol Key Biscayne

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
7.19%
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
Archdeacon Timothy -- None Listed On Document
Goodarch Kb Llc -- None Listed On Document
Sand4 Llc $930,000 --
Doolin Wallace $552,500 --
Sol Key Biscayne $347,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sol Key Biscayne --
Previous Owner Doolin Wallace B $364,415
Previous Owner Doolin Wallace $442,000
Previous Owner Sol Key Biscayne $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2020 10/21/20 Sold $925,000 -15.9% $1,090 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $1,100,000 +18.3% $1,296 / Sq Ft
03/19/2018 03/19/18 Sold $930,000 -6.1% $1,095 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
12/30/2017 12/30/17 For Sale $990,000 -- $1,166 / 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 $15,205 $1,119,761 -- --
2024 $14,081 $891,358 -- --
2023 $14,081 $810,326 $0 $0
2022 $12,200 $736,660 $0 $0
2021 $11,020 $669,691 $0 $0
2020 $13,821 $837,114 $0 $0
2019 $13,851 $836,870 $0 $0
2018 $12,765 $797,020 $0 $0
2017 $12,361 $740,897 $0 $0
2016 $12,042 $673,543 $0 $0
2015 $11,465 $612,312 $0 $0
2014 $10,690 $556,648 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10884304

MIAMI REALTORS® MLS

APN: 24-5205-061-0160