NOT LISTED FOR SALE

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

Estimated Value: $790,000 - $1,075,000

2 Beds
2 Baths
1,325 Sq Ft
$652/ mo HOA Fee

Last Sold June 22, 2020

Last sale price $540,000 $408 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,978/month

106 Days on Market

Highlights

  • Private Beach Pavilion
  • Intercom to Front Desk
  • Community Pool
  • Key Biscayne K-8 Center Rated A-
  • Garden View
  • Cooking Island

About This Home

As of June 2020

Fully renovated Two Bed/Two Bath across the street from Beach! Unit features an open floor plan with 1325 Sq Ft plus converted balcony for extra living space. Travertine tile throughout, along with floor to ceiling impact windows & new hurricane shutters and plantation shutters in both bedrooms. Spacious closet space throughout, including 2 large walk-ins in the master bedroom. Extremely well-maintained building with one of the lowest HOAs for a 2/2 on the Key. Building has passed its 40-year inspection & has NO special assessments. Unit comes with 1 parking space, storage unit, bike storage, party room, pool & large BBQ area. Private beach access adjacent to building. Conveniently located next to the Ritz, KB Beach Club & within walking distance to restaurants, schools, park and stores.

Last Agent to Sell the Property

David Deleon

Compass Florida, LLC License #3303053 Listed on: 02/18/2020

Compass Florida, LLC

Last Buyer's Agent

NON-MLS MEMBER

MAR NON MLS MEMBER License #SEF

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,591

Year Built

  • Built in 1969

HOA Fees

  • $652 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 5th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,325 Sq Ft Home
  • Built-In Features
  • Entrance Foyer
  • Ceramic Tile Flooring
  • Garden Views

Kitchen

  • Microwave
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Additional Features

  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-031-0300

Community Details

Overview

  • Mid-Rise Condominium
  • Galen Breakers Condos
  • Galen Breakers Condominiu,Galen Breakers Subdivision
  • 10-Story Property

Amenities

  • Intercom to Front Desk
  • Lobby
  • Bike Room

Recreation

  • Private Beach Pavilion
  • Community Pool

Pet Policy

  • Cats Allowed

Security

  • Card or Code Access
  • Complete Accordion Shutters
  • Clear Impact Glass
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,591

Year Built

Built in 1969

Lot Details

0 Sq Ft Lot

HOA Fees

$652 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1969
  • Property Sub Type: Condominium
  • 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 CONDOMINIU,Galen Breakers
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave
  • Interior Amenities: Lobby, Built-in Features, Cooking Island, Entrance Foyer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Ceramic Floor, Tile
  • Furnished: Unfurnished
  • Living Area: 1325
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 10
  • Window Features: Clear Impact Glass, Complete Accordian Shutters
  • Bedroom Features: Other

Exterior Features

  • View: Garden View
  • Exterior Features: East Of Us1
  • Construction Type: CBS Construction
  • Pool Private: Yes
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Galen Breakers
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

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

Condo/Co-op/Association

  • Association Fee: 652
  • Amenities: Bike Storage, Private Beach Pavilion, Private Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-031-0300
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Cats OK

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5591

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Jun 18, 2020
Sold by
Lindsay Andrew and Lindsay Tara
Bought by
Rice Angelica N
Seller's Agent
David Deleon
Compass Florida, LLC
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$599,000
Sold Price
$540,000
Premium/Discount to List
-$59,000
-9.85%
Current Estimated Value
$880,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,183
Avg. Annual Appreciation
8.87%

Purchase Details

Listed on
Jun 21, 2016
Closed on
Sep 9, 2016
Sold by
Mendizabal Esther Suarez
Bought by
Lindsay Andrew
Seller's Agent
Angelica Lopez
MMLS Assoc.-Inactive Member
Buyer's Agent
David Deleon
Compass Florida, LLC
List Price
$610,000
Sold Price
$570,000
Premium/Discount to List
-$40,000
-6.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.42%

Purchase Details

Closed on
Dec 21, 2011
Sold by
Mendizabal Esther Suarez and Suarez Mendizabal Manuel
Bought by
Suarez Mendizabal Esther

Purchase Details

Closed on
Dec 3, 2001
Sold by
Luis Prieto and Luis Maria E
Bought by
Mendizabal Esther S

Purchase Details

Closed on
Apr 5, 1999
Sold by
Figueras Javier F and Figueras Jeannette
Bought by
Prieto Luis and Prieto Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 1996
Sold by
Zeiner Carol L
Bought by
Figueras Javier F and Figueras Jeannette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,750
Interest Rate
7.57%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rice Angelica N $540,000 Attorney
Lindsay Andrew $570,000 --
Suarez Mendizabal Esther -- Attorney
Mendizabal Esther S $278,000 --
Prieto Luis $190,000 --
Figueras Javier F $172,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Figueras Javier F $100,000
Previous Owner Figueras Javier F $120,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2020 06/22/20 Sold $540,000 -1.6% $408 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
04/28/2020 04/28/20 Price Changed $549,000 -8.3% $414 / Sq Ft
02/18/2020 02/18/20 For Sale $599,000 +5.1% $452 / Sq Ft
09/12/2016 09/12/16 Sold $570,000 -6.6% $430 / Sq Ft View Prior Sale
07/08/2016 07/08/16 Pending -- -- --
06/19/2016 06/19/16 For Sale $610,000 0.0% $460 / Sq Ft
05/01/2013 05/01/13 Rented $2,500 -7.4% --
05/01/2013 05/01/13 For Rent $2,700 -- --
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 $8,348 $567,107 -- --
2024 $7,547 $515,552 -- --
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 $5,591 $377,000 $0 $0
2018 $6,465 $443,135 $0 $0
2017 $6,526 $443,135 $0 $0
2016 $7,211 $430,471 $0 $0
2015 $6,758 $391,338 $0 $0
2014 $6,345 $355,762 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Deleon

    Seller's Agent in 2020

    David Deleon

    Compass Florida, LLC

    (305) 790-7778

    11 in this area

    42 Total Sales

    David Deleon
    Section Image

  • N

    Buyer's Agent in 2020

    NON-MLS MEMBER

    MAR NON MLS MEMBER

  • A

    Seller's Agent in 2016

    Angelica Lopez

    MMLS Assoc.-Inactive Member

  • V

    Buyer's Agent in 2013

    Virginia Lattanzi

    Luft Realty

    (786) 301-1767

    2 in this area

    14 Total Sales

    Virginia Lattanzi
    Section Image
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About Galen Breakers

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10818520

MIAMI REALTORS® MLS

APN: 24-5205-031-0300

Florida Miami/Dade County Key Biscayne 33149

550 Ocean Dr Unit 5F, Key Biscayne, FL

Not Listed for Sale

Condos

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