NOT LISTED FOR SALE

Estimated Value: $609,000 - $772,000

-- Bed
1 Bath
448 Sq Ft
$1,387/mo HOA Fee

Last Sold August 16, 2023

Last sale price $625,000 $1,395 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,751/month

6 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Marble Flooring
  • Key Biscayne K-8 Center Rated A-
  • Bar or Lounge
  • Garden View

About This Home

As of August 2023

Great opportunity to own a spacious resort view studio at The Ritz-Carlton in Key Biscayne. Drive over the Rickenbacker Causeway for a getaway, yet steps away. Arrive at the hotel, let the Bellman take your bags to your own condo-hotel residence while you check in. “Living at the Ritz” could not get any better. Have a spa treatment, relax at the pool or beach and go eat at one of the hotel's ocean front restaurants. Let the Ladies and Gentlemen of the Ritz-Carlton manage your unit, while you enjoy all of the benefits of owning a piece of this resort hotel. Amenities include concierge service, valet, gym, tennis, spa, pool/beach service, in-room dining, housekeeping and lots more. Stop by the in-house café or go shopping at Sabia Jewelers, 120% linen or Lilly Pulitzer.

Last Agent to Sell the Property

Lourdes Lorenzo Luaces

Arch Realty Inc License #0665516 Listed on: 07/12/2023

Last Buyer's Agent

Michelle Small

Miami Brokers LLC License #3224117

Miami Brokers LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,941

Year Built

  • Built in 2001

HOA Fees

  • $1,387 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 448 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Garden Views

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Accessible Home Design

  • Accessible Elevator Installed
  • Doors with lever handles
  • Emergency Intercom

Schools

  • Keybiscayne Elementary School
  • Coral Gables Prep Academy Middle School
  • Mast Academy High School

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-061-1060

Community Details

Overview

  • Gb Resort Condo Hotel Condos
  • G B Resort Condo Hotel Subdivision
  • 14-Story Property

Amenities

  • Doorman
  • Sauna
  • Community Kitchen
  • Bar or Lounge
  • Lobby
  • Bike Room
  • Elevator

Recreation

  • Heated Community Pool
  • Tennis Courts

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • High Impact Door
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,941

Year Built

Built in 2001

Lot Details

0

HOA Fees

$1,387 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Condominium
  • Directions: Take Crandon Dr, pass the park & turn left where you see The Ritz-Carlton & Grand Bay sign. Tell The guard you are going to the Ritz and come to see me at the on-site real estate office. If you reach the fire station turn back, you have gone too far.
  • 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
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Electric Range, Refrigerator
  • Interior Amenities: Lobby, First Floor Entry, Elevator, Fire Sprinklers, No Additional Rooms
  • Accessibility Features: Door Levers, Accessible Elevator Installed, Emergency Intercom
  • Full Bathrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Marble
  • Furnished: Furnished
  • Living Area: 448
  • Possible Use: Secondary
  • Stories: 14
  • Bedroom Features: Entry Level
  • Dining Room Features: Other
  • Living Room Features: No Additional Rooms
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Garden View
  • Exterior Features: Other, Tennis Court(s)
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: GB Resort Condo Hotel
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Covered

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Fire Alarm, Doorman

Condo/Co-op/Association

  • Association Fee: 1387
  • Amenities: Bar, Bike Storage, Elevator(s), Heated Pool, Kitchen Facilities, Exterior Lighting, Pool, Sauna
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy
  • Middle Or Junior School: Coral Gables Prep Academy

Lot Info

  • Parcel Number: 24-52-05-061-1060
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5941

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Aug 4, 2023
Sold by
Roykin Services Inc
Bought by
Calvo Gerardo and Calvo Maritza T
Seller's Agent
Lourdes Lorenzo Luaces
Arch Realty Inc
Buyer's Agent
Michelle Small
Miami Brokers LLC
List Price
$625,000
Sold Price
$625,000
Views
28
Current Estimated Value
$680,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,395
Avg. Annual Appreciation
6.51%

Purchase Details

Closed on
May 13, 2003
Sold by
Leisure Marketing Services
Bought by
Roykin Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,750
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2001
Sold by
G B Hotel Partners
Bought by
Leisure Marketing Services

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.09%
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
Calvo Gerardo $625,000 None Listed On Document
Roykin Services Inc -- --
Leisure Marketing Services $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leisure Marketing Services $148,750
Previous Owner Leisure Marketing Services $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2023 08/16/23 Sold $625,000 0.0% $1,395 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $625,000 -- $1,395 / 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 $6,892 $487,509 -- --
2023 $6,892 $388,426 $0 $0
2022 $5,941 $353,115 $0 $0
2021 $5,282 $321,014 $0 $0
2020 $6,235 $377,664 $0 $0
2019 $6,251 $377,690 $0 $0
2018 $5,761 $359,700 $0 $0
2017 $5,729 $350,738 $0 $0
2016 $5,572 $318,853 $0 $0
2015 $5,300 $289,867 $0 $0
2014 $4,557 $263,516 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11417954

MIAMI REALTORS® MLS

APN: 24-5205-061-1060