NOT LISTED FOR SALE

650 Ocean Dr Unit 8B Key Biscayne, FL 33149

Estimated Value: $1,113,000 - $1,278,000

2 Beds
2 Baths
1,562 Sq Ft
1983 Built

Sale Details

Date Sold: April 19, 2023

Last sale price $1,025,000 $656 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,689 / mo

222 Days on Market

Highlights

  • Water Views
  • Fitness Center
  • Heated Community Pool
  • Key Biscayne K-8 Center Rated A-
  • Clubhouse
  • Elevator

About This Home

As of April 2023

Live the island life at Bahia Mar, a small boutique building on Key Biscayne with only 3 units per floor. Just steps to the beach. Light-filled, open living spaces with spectacular ocean views. Updates include impact glass, porcelain tile flooring, renovated baths & European-style kitchen with quartz (Caesarstone) countertops, stainless appliances & center island with bar seating. Spacious primary suite offers walk-in closet w/ custom built-ins and large bath featuring a frameless glass rain shower. In unit laundry room. 2 assigned/secured parking spaces. Building amenities include chic lobby, on-site manager, clubhouse room, BBQ area, fitness center, bike storage & heated pool with ocean breezes. All assessments paid by seller at closing.

Last Agent to Sell the Property

Ana Cuan

Compass Florida, LLC. Brokerage Phone: 305-213-6255 License #0617315 Listed on: 07/27/2022

Compass Florida, LLC.

Co-Listed By

Riley Smith

Compass Florida, LLC. Brokerage Phone: 305-213-6255 License #3028618

Last Buyer's Agent

Martin Pinilla

Young Pine Real Estate Investments License #0690346

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,781

Year Built

  • Built in 1983 | Remodeled

HOA Fees

  • $1,162 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Secured Garage or Parking
  • Assigned Parking

Home Design

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

Interior Spaces

  • 1,562 Sq Ft Home
  • Custom Mirrors
  • Formal Dining Room
  • Tile Flooring
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • 2 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Shower Only

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Schools

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

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-04-016-0150

Community Details

Overview

  • 40 Units
  • Mid-Rise Community
  • Bahia Mar Condo
  • Bahia Mar Condo Of Key Bi Subdivision
  • 11-Story Property

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Elevator
  • Secure Lobby
  • Interior Hall
  • Bike Room

Recreation

  • Fitness Center
  • Heated Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Complex Is Fenced
  • High Impact Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,781

Year Built

Built in 1983 | Remodeled

Lot Details

0 Sq Ft Lot

HOA Fees

$1,162 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1983
  • Property Sub Type: Condominium
  • Co List Office Mls Id: COMP03
  • Co List Office Phone: 305-330-5481
  • Entry Level: 8
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: BAHIA MAR CONDO OF KEY BI
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Attribution Contact: 305-213-6255
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Interior Hall, Closet Cabinetry, Cooking Island, Custom Mirrors, Utility Room/Laundry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1562
  • Possible Use: Primary
  • Stories: 11
  • Window Features: Complete Impact Glass, High Impact Windows, Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Eat-In Kitchen, Formal Dining, Snack Bar/Counter
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks, Shower Only

Exterior Features

  • View: Water View
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Disclosures: Disclosure
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Bahia Mar Condo
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Smoke Detector, Complex Fenced, Secured Garage/Parking, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1162
  • Amenities: Bike Storage, Barbecue, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

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

Lot Info

  • Parcel Number: 24-52-04-016-0150
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10781

Multi Family

  • Number Of Units In Community: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2022
Closed on
Apr 18, 2023
Sold by
Levine Arnold and Levine Ana
Bought by
Siamar Corp
Seller's Agent
Ana Cuan
Compass Florida, LLC.
Buyer's Agent
Martin Pinilla
Young Pine Real Estate Investments
List Price
$1,350,000
Sold Price
$1,025,000
Premium/Discount to List
-$325,000
-24.07%
Views
33
Current Estimated Value
$1,194,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,998
Avg. Annual Appreciation
5.36%
Original Mortgage
$666,250
Outstanding Balance
$646,516
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$548,482

Purchase Details

Closed on
Jun 2, 2015
Sold by
Fernandez Family Lllp
Bought by
Levine Arnold and Onetti Ana

Purchase Details

Closed on
Nov 10, 2012
Sold by
Fernandez Castor A and Fernandez Tanya A
Bought by
Fernandez Family Lllp

Purchase Details

Closed on
Sep 28, 2012
Sold by
Fernandez Castor A and Fernandez Tanya A
Bought by
Fernandez Castor A and Fernandez Tanya A
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
Siamar Corp $1,025,000 None Listed On Document
Levine Arnold $650,000 Attorney
Fernandez Family Lllp -- Attorney
Fernandez Castor A -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siamar Corp $666,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2023 04/19/23 Sold $1,025,000 -6.8% $656 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
01/26/2023 01/26/23 Price Changed $1,100,000 -12.0% $704 / Sq Ft
09/15/2022 09/15/22 Price Changed $1,250,000 -7.4% $800 / Sq Ft
07/27/2022 07/27/22 For Sale $1,350,000 -- $864 / 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 $13,100 $832,284 -- --
2024 $9,993 $832,284 -- --
2023 $9,993 $662,850 $0 $0
2022 $9,800 $643,544 $0 $0
2021 $10,781 $682,200 $0 $0
2020 $10,616 $682,200 $0 $0
2019 $11,737 $758,000 $0 $0
2018 $9,784 $610,926 $0 $0
2017 $9,869 $610,926 $0 $0
2016 $10,102 $610,926 $0 $0
2015 $9,528 $498,798 $0 $0
2014 $8,499 $453,453 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11247562

MIAMI REALTORS® MLS

APN: 24-5204-016-0150

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