$700,000
SOLD JAN 13, 2025
-- Bed
1 Bath
376 Sq Ft
$1,178/mo HOA Fee

Recently Sold

$1,862 Per Sq Ft

7% Below List Price

73 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Bay View
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Marble Flooring

About This Home

As of January 2025

Great opportunity to own a spacious bay 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: 09/09/2024

Last Buyer's Agent

Lourdes Lorenzo Luaces

Arch Realty Inc License #0665516 Listed on: 09/09/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,956

Year Built

  • Built in 2001

Lot Details

  • Ocean Front
  • Fenced

HOA Fees

  • $1,178 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Condo Hotel
  • Entry on the 8th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 376 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Bay Views

Kitchen

  • Microwave
  • Snack Bar or Counter

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • Closet Cabinetry
  • 1 Full Bathroom

Home Security

Schools

  • Keybiscayne Elementary School
  • Mast Academy High School

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-061-1440

Community Details

Overview

  • High-Rise Condominium
  • Gb Resort Condo Hotel Condos
  • G B Resort Condo Hotel Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 14-Story Property

Amenities

  • Doorman
  • Sauna
  • Business Center
  • Bike Room

Recreation

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

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Complex Is Fenced
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,956

Year Built

Built in 2001

Lot Details

0

HOA Fees

$1,178 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 8
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: G B RESORT CONDO HOTEL
  • Year Built Details: Condo-Hotel
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Refrigerator
  • Interior Amenities: Closet Cabinetry
  • Full Bathrooms: 1
  • Flooring: Carpet, Marble
  • Furnished: Furnished
  • Living Area: 376
  • Possible Use: Investment
  • Stories: 14
  • Bedroom Features: Entry Level
  • Dining Room Features: Snack Bar/Counter

Exterior Features

  • View: Bay
  • Exterior Features: Open Balcony, Tennis Court(s)
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Patio And Porch Features: Open Balcony
  • 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: 1 Space, Limited # Of Vehicle, No Rv/Boats, No Trucks/Trailers

Utilities

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

Condo/Co-op/Association

  • Association Fee: 1178
  • Amenities: Bike Storage, Business Center, Child Play Area, Exercise Room, Exterior Lighting, Pool, Sauna, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy

Lot Info

  • Parcel Number: 24-52-05-061-1440
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7956

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2018
Sold by
Jsjck Llc
Bought by
Mascarell Enterprises Llc
Current Estimated Value
$709,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.04%

Purchase Details

Closed on
Nov 19, 2014
Sold by
Warstein Investment S A
Bought by
Jsjck Llc

Purchase Details

Closed on
Mar 10, 2014
Sold by
Facchini Francesco
Bought by
Warstein Investment Sa

Purchase Details

Closed on
Feb 11, 2008
Sold by
Davis Patrick O and Davis Jodi L
Bought by
Facchini Francesco
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 Type Sale Price Title Company
Deed $450,000 --
Warranty Deed $450,000 Attorney
Warranty Deed $425,000 Attorney
Warranty Deed $495,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed -- No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2025 01/13/25 Sold $700,000 -6.7% $1,862 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
09/09/2024 09/09/24 For Sale $750,000 -- $1,995 / 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 $7,956 $540,349 -- --
2024 $7,454 $479,165 -- --
2023 $7,454 $435,605 $0 $0
2022 $6,488 $396,005 $0 $0
2021 $5,924 $360,005 $0 $0
2020 $6,065 $367,352 $0 $0
2019 $6,082 $367,470 $0 $0
2018 $5,605 $349,970 $0 $0
2017 $5,653 $349,970 $0 $0
2016 $5,787 $349,970 $0 $0
2015 $5,633 $333,300 $0 $0
2014 $5,012 $289,830 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11693557

MIAMI REALTORS® MLS

APN: 24-5205-061-1440