NOT LISTED FOR SALE

Galen Breakers 550 Ocean Dr Unit 5C Key Biscayne, FL 33149

Estimated Value: $654,000 - $854,000

2 Beds
2 Baths
1,325 Sq Ft
1969 Built

Sale Details

Date Sold: April 17, 2023

Last sale price $644,000 $486 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,779 / mo

34 Days on Market

Highlights

  • Intercom to Front Desk
  • Garden View
  • Community Center
  • Key Biscayne K-8 Center Rated A-
  • Community Pool
  • Balcony

About This Home

As of April 2023

Great 2/2 condo across from Beach in a quiet boutique building. Spacious and luminous with hurricane-proof windows and a large enclosed balcony, for additional SF from Tax Roll. Tenant occupied till April 1st. Unit has many upgrades in the kitchen. Seller has paid special assessments in full getting ready for 50-year re-certification. Easy to show!

Last Agent to Sell the Property

Corinne Dodd

Cervera Real Estate Inc. License #0575936 Listed on: 03/13/2023

Cervera Real Estate Inc.

Last Buyer's Agent

Brad Senatore

License #3564493

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,229

Year Built

  • Built in 1969

HOA Fees

  • $945 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Guest Parking
  • Assigned Parking

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,325 Sq Ft Home
  • Ceramic Tile Flooring
  • Garden Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Additional Features

  • Balcony
  • Northeast Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-031-0270

Community Details

Overview

  • Mid-Rise Community
  • Galen Breakers Condo
  • Galen Breakers Condo Subdivision
  • 9-Story Property

Amenities

  • Community Center
  • Party Room
  • Laundry Facilities
  • Intercom to Front Desk
  • Elevator
  • Lobby
  • Secure Lobby
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,229

Year Built

Built in 1969

Lot Details

0 Sq Ft Lot

HOA Fees

$945 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1969
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: HEAD STRAIGHT TOWARDS BEACH ON OCEAN DRIVE ACROSS THE BEACH ENTRANCE.
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: GALEN BREAKERS CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range
  • Interior Amenities: Lobby, First Floor Entry, Other
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1325
  • Possible Use: Unknown/Withheld
  • Stories: 9
  • Window Features: Impact Glass
  • Bedroom Features: Entry Level

Exterior Features

  • View: Garden View, Other View
  • Exterior Features: Open Balcony
  • Direction Faces: Northeast
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: GALEN BREAKERS CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Assigned, Covered, Guest

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Intercom In Lobby, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 945
  • Amenities: Laundry, Community Room, Elevator(s), Storage, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-031-0270
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7229

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Apr 14, 2023
Sold by
Soto Javier A
Bought by
Travis Steve and Travis Roberta
Seller's Agent
Corinne Dodd
Cervera Real Estate Inc.
Buyer's Agent
Brad Senatore
List Price
$637,000
Sold Price
$644,000
Premium/Discount to List
$7,000
1.1%
Views
110
Current Estimated Value
$771,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,152
Avg. Annual Appreciation
6.21%

Purchase Details

Closed on
Jul 10, 2009
Sold by
Masterson Jeanne A and Diamond Jeanne
Bought by
Soto Javier A and Soto Patricia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
5.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 30, 1997
Sold by
Masterson John G
Bought by
Masterson Jeanne A
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
Travis Steve $644,000 Homepartners Title Services
Soto Javier A $410,000 Attorney
Masterson Jeanne A $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soto Javier A $287,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2023 04/17/23 Sold $644,000 +1.1% $486 / Sq Ft
03/13/2023 03/13/23 For Sale $637,000 -- $481 / 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 $8,601 $581,730 -- --
2024 $7,547 $543,673 -- --
2023 $7,547 $468,684 $0 $0
2022 $7,229 $442,155 $0 $0
2021 $7,132 $421,100 $0 $0
2020 $5,561 $376,000 $0 $0
2019 $5,570 $375,740 $0 $0
2018 $5,273 $368,735 $0 $0
2017 $5,201 $361,151 $0 $0
2016 $5,205 $353,723 $0 $0
2015 $5,282 $351,265 $0 $0
2014 $5,361 $348,478 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Corinne Dodd

    Seller's Agent in 2023

    Corinne Dodd

    Cervera Real Estate Inc.

    (305) 283-2105

    14 in this area

    21 Total Sales

    Corinne Dodd
    Section Image

  • B

    Buyer's Agent in 2023

    Brad Senatore

    (718) 877-2416

    1 in this area

    1 Total Sale

    Brad Senatore
    Section Image
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About Galen Breakers

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11356200

MIAMI REALTORS® MLS

APN: 24-5205-031-0270

Florida Miami/Dade County Key Biscayne 33149

550 Ocean Dr Unit 5C, Key Biscayne, FL

Not Listed for Sale

Condos

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