$2,700,000
$100K PRICE DROP

Estimated payment $19,268/month

Total Views 2,591
3 Beds
3 Baths
2,523 Sq Ft
$1,070 Price per Sq Ft

Highlights

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

About This Home

Rarely on the market! Located at the prestigious Mar Azul Condominium, an oceanfront boutique residence with only 126 units & direct beach access. This spacious 3-bedroom, 3-bath home spans 2,523 sq.ft. The elegant open layout blends a fully renovated kitchen with expansive living and dining spaces, perfect for entertaining. Each bedroom is a generous suite with modern baths, complemented by abundant storage. A wraparound balcony embraces the reception and primary suite, unveiling uninterrupted ocean vistas. Semi private elevator lobby shared with just one neighbor.
The generous scale and unique layout of this residence are rarely found in Key Biscayne, making it an extraordinary opportunity.

Listing Agent

Dolores Urdapilleta

Urdapilleta Real Estate, LLC License #3245467 Listed on: 08/14/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,722

Year Built

  • Built in 1974

Lot Details

  • Ocean Front
  • Southeast Facing Home

HOA Fees

  • $3,170 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Home Design

  • Entry on the 3rd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,523 Sq Ft Home
  • Marble Flooring

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Property has ocean access
  • Balcony
  • Outdoor Grill

Schools

  • Keybiscayne Elementary School
  • Ponce De Leon Middle School
  • Coral Gables High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 24-52-04-011-0280

Community Details

Overview

  • 126 Units
  • Mid-Rise Condominium
  • Mar Azul Condo
  • Mar Azul Condo Subdivision
  • 11-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Trash Chute
  • Clubhouse
  • Bike Room
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,722

Year Built

Built in 1974

Lot Details

0

HOA Fees

$3,170 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Co-Op 5+ Stories, Condo
  • Subdivision Name: MAR-AZUL CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Closet Cabinetry, Cooking Island, Elevator, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 2523
  • Other Equipment: Elevator
  • Stories: 11
  • Bedroom Features: Entry Level
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • View: Ocean View, Water View
  • Exterior Features: None, Barbeque, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: Southeast
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: MAR-AZUL CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Covered

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Complex Fenced, Doorman, Guard At Site

Condo/Co-op/Association

  • Association Fee: 3170
  • Amenities: Barbecue, Bike Storage, Clubhouse-Clubroom, Elevator(s), Exercise Room, Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne
  • High School: Coral Gables
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel Number: 24-52-04-011-0280

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 126

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 20722

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $20,722 $1,194,705 -- --
2024 $18,714 $1,086,096 -- --
2023 $18,714 $987,360 $0 $0
2022 $16,348 $897,600 $0 $0
2021 $13,631 $816,000 $0 $0
2020 $13,472 $816,000 $0 $0
2019 $18,008 $1,088,000 $0 $0
2018 $17,420 $1,087,710 $0 $0
2017 $17,571 $1,087,710 $0 $0
2016 $17,665 $1,052,905 $0 $0
2015 $17,170 $957,187 $0 $0
2014 $15,048 $870,170 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2025 09/12/25 Price Changed $2,700,000 -3.6% $1,070 / Sq Ft
08/14/2025 08/14/25 For Sale $2,800,000 +144.5% $1,110 / Sq Ft
07/19/2013 07/19/13 Sold $1,145,000 -0.4% $454 / Sq Ft View Prior Sale
07/01/2013 07/01/13 Pending -- -- --
06/07/2013 06/07/13 For Sale $1,149,900 -- $456 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $1,145,000 Attorney
Trustee Deed $812,400 None Available
Trustee Deed $400 None Available
Deed $812,400 --
Warranty Deed $1,360,000 Waterway Title Insurance Inc
Warranty Deed $480,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $884,000 Fannie Mae Freddie Mac
Previous Owner $125,000 New Conventional
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11858819

MIAMI REALTORS® MLS

APN: 24-5204-011-0280