NOT LISTED FOR SALE

5 Coconut Ln Key Biscayne, FL 33149

Estimated Value: $3,531,000 - $4,822,000

5 Beds
5 Baths
3,990 Sq Ft
$1,028/Sq Ft Est. Value

Last Sold July 12, 2016

Last sale price $2,687,500 $674 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $25,595/month

15 Days on Market

Highlights

  • Property has ocean access
  • In Ground Pool
  • Gated Community
  • Key Biscayne K-8 Center Rated A-
  • Sitting Area In Primary Bedroom
  • 5-minute walk to Paradise Park

About This Home

As of July 2016

Exquisite two-story, 5 bed/5 bath villa on private cul-de-sac in the much sought-after & prestigious gated community at The Grand Bay Villas & Estates. Direct access to private park & children's playground. Features include marble floors on 1st floor & distressed maple on 2nd floor. Living Room enhanced with two larger windows giving extra light. California closets & Plantation shutters. Upgraded free form screened-in pool. Family sized kitchen with white top of the line Poggenpohl cabinetry.

Last Agent to Sell the Property

Chris Kruger

MMLS Assoc.-Inactive Member License #0660323 Listed on: 04/11/2016

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Liz Hogan

Compass Florida, LLC License #3045004

Compass Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,205

Year Built

  • Built in 1998

Lot Details

  • 5,450 Sq Ft Lot
  • Waterfront
  • West Facing Home
  • Property is zoned RU-1

HOA Fees

  • $1,137 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Property Views

  • Garden
  • Pool

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,990 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Fireplace
  • Plantation Shutters
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Family or Dining Combination

Kitchen

  • Built-In Oven
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter
  • Trash Compactor

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • 5 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Balcony

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-047-0500

Community Details

Overview

  • Club Membership Required
  • G B Villas Subdivision
  • Mandatory home owners association
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers

Recreation

  • Beach Club Membership Available

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,205

Year Built

Built in 1998

Lot Details

5,450 Sq Ft Lot

HOA Fees

$1,137 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1998
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Directions: Crandon Blvd to Grand Bay drive, follow signs to Villas & Estates, pass security gate, and make right on Grand Bay Estates Circle to Turtle Walk. Right on Turtle Walk to Coconut LN, Right on Coconut Ln and house will be 3rd house on the right hand side.
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: G B Villas
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Dryer, Other Equipment/Appliances, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Cooking Island, Entrance Foyer, Other, Walk-In Closet(s), Family Room, Utility Room/Laundry
  • Spa Yn: No
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 3990
  • Possible Use: Primary
  • Window Features: Hurricane Shutters, Blinds, Drapes, Plantation Shutters
  • Bedroom Features: At Least 1 Bedroom Ground Level, Sitting Area - Primary Bedroom, Primary Bedroom Upstairs
  • Dining Room Features: Family/Dining Combination, Snack Bar/Counter
  • Living Room Features: Family Room, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Other
  • View: Garden, Pool
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Balcony, Screened Porch
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: G B Villas
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, No Rv/Boats, No Trucks/Trailers

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association Fee: 1137
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Beach Club Member Available, Gated Community, Mandatory Hoa
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 24-52-05-047-0500
  • Lot Size Sq Ft: 5450
  • Zoning: RU-1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 18205

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2016
Closed on
Jul 5, 2016
Sold by
Sonnabend Stephen and Sonnabend Lorraine
Bought by
Zajia Raul and Mendoza Mercedes Borberg
Seller's Agent
Chris Kruger
MMLS Assoc.-Inactive Member
Buyer's Agent
Liz Hogan
Compass Florida, LLC
List Price
$2,899,000
Sold Price
$2,687,500
Premium/Discount to List
-$211,500
-7.3%
Current Estimated Value
$4,101,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,414,254
Avg. Annual Appreciation
4.48%
Original Mortgage
$1,881,250
Outstanding Balance
$1,561,033
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,540,721

Purchase Details

Closed on
Aug 2, 2012
Sold by
Sonnabend Stephen
Bought by
Sonnabend Stephen and Sonnabend Lorraine

Purchase Details

Closed on
Jul 16, 2003
Sold by
Sonnabend Stephen and Sonnabend Lorraine
Bought by
Sonnabend Stephen

Purchase Details

Closed on
Jun 30, 1998
Sold by
Llanes Jose L
Bought by
Sonnabend Stephen and Sonnabend Lorraine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.21%
Mortgage Type
New Conventional
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
Zajia Raul $2,687,500 Attorney
Sonnabend Stephen -- None Available
Sonnabend Stephen -- --
Sonnabend Stephen -- --
Sonnabend Stephen $938,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zajia Raul $1,881,250
Previous Owner Sonnabend Stephen $400,000
Previous Owner Sonnabend Stephen $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2016 07/12/16 Sold $2,687,500 -7.3% $674 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $2,899,000 -- $727 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $40,692 $2,662,716 -- --
2024 $37,233 $2,420,651 -- --
2023 $37,233 $2,200,592 $0 $0
2022 $33,098 $2,000,539 $0 $0
2021 $30,987 $1,818,672 $921,050 $897,622
2020 $30,217 $1,830,179 $921,050 $909,129
2019 $31,294 $1,890,736 $970,100 $920,636
2018 $30,465 $1,902,243 $970,100 $932,143
2017 $34,173 $2,115,401 $0 $0
2016 $17,938 $1,123,753 $0 $0
2015 $18,205 $1,115,942 $0 $0
2014 $18,480 $1,107,086 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10060658

MIAMI REALTORS® MLS

APN: 24-5205-047-0500

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