$2,760,000
SOLD FEB 12, 2025

701 Fernwood Rd Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood
5 Beds
5 Baths
2,090 Sq Ft
2003 Built

Recently Sold

$1,321 Per Sq Ft

94 Days on Market

Highlights

  • Concrete Pool
  • Sitting Area In Primary Bedroom
  • Deck
  • Key Biscayne K-8 Center Rated A-
  • Maid or Guest Quarters
  • 3-minute walk to Lake Park

About This Home

WELCOME TO THE PERFECT FAMILY HOME ! THIS AWARD-WINNING ARCHITECTURAL 2935 SQF MASTERPIECE BOAST 5 BEDROOMS AND 5 BATHROOMS,INCLUDING ONE SERVICE ROOM AND FULL BATH.ITS FLOOR TO CEILING WINDOWS FLOOD THE OPEN SPACES WITH NATURAL LIGHT AND OFFER5 VIEWS OF THE LUSH GARDEN,WHILE THE SPACIOUS BALCONIES OFFER UN OBSTRUCTED VIEWS OF THE SUNSET.EVERY ROOM HAS ITS OWN BATHROOM AND BALCONY.KITCHEN HAS HAS A SUBZER DOUBLE DOOR REFRIGERATOR,AMPLE PANTRY SPACE AND ITS OWN TERRACE.THE DINING ROOM IS LARGE ENOUGH FOR A LARGE TABLE.HOUSE HAS A SURROUNDING FENCE,AUTOMATIC GATE WITH COVERED PARKING FOR 2 CARS,AC STORAGE,OUTSIDE SHOWER.DESIGNED BY MARTA ZUBILLAGA,FOR HER OWN FAMILY,HOUSE HAS BEEN FEATURED IN ARCHITECTURAL BOOKS

Last Agent to Sell the Property

Alex Lipzer

Key Biscayne Realty Group, Inc License #3184728 Listed on: 10/16/2024

Last Buyer's Agent

Florencia Moni

BHHS EWM Realty License #3115662

BHHS EWM Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,584

Year Built

  • Built in 2003

Lot Details

  • West Facing Home
  • Fenced
  • Property is zoned 5700

Parking

  • 2 Car Attached Garage
  • 2 Detached Carport Spaces
  • Converted Garage
  • Golf Cart Parking

Home Design

  • Concrete Roof

Interior Spaces

  • 2,090 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Furniture Can Be Negotiated
  • Ceiling Fan
  • Family Room
  • Den
  • Storage Room
  • Garden Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Studio bedroom
  • Maid or Guest Quarters
  • 5 Full Bathrooms

Pool

  • Concrete Pool
  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Keybiscayne Elementary School
  • Mast Academy High School

Utilities

  • Central Air
  • Reverse Cycle Heating System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-072-0010

Community Details

Overview

  • No Home Owners Association
  • Biscayne Key Ests Resub Subdivision

Recreation

  • Beach Club Membership Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,584

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: BISCAYNE KEY ESTS RESUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Second Floor Entry, Den/Library/Office, Family Room, Garage Converted, Maid/In-Law Quarters, Storage
  • Spa Yn: No
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Flooring: Ceramic Floor, Wood
  • Furnished: Partially, Unfurnished, Furniture Negotiable
  • Living Area: 2090
  • Possible Use: Unknown/Withheld
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs, Sitting Area - Primary Bedroom, Studio
  • Living Room Features: Den/Library/Office, Family Room, Garage Converted, Maid/In-Law Quarters, Storage Room

Exterior Features

  • Roof: Concrete
  • View: Garden
  • Exterior Features: Barbeque, Lighting, Open Balcony, Outdoor Shower
  • Construction Type: Other
  • Direction Faces: West
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot, 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Deck, Open Balcony, Patio
  • Pool Features: In Ground, Concrete
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: BISCAYNE KEY ESTS RESUB
  • Carport Spaces: 2
  • Covered Parking Spaces: 4
  • Garage Spaces: 2
  • Parking Features: Detached Carport, Covered, Golf Cart Parking

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Reverse Cycle Unit
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Beach Club Member Available, Public Road, Sidewalks

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy

Lot Info

  • Parcel Number: 24-52-05-072-0010
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 32584

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2025
Sold by
Soberon Eduardo Arturo Martinez and Zubillaga Inigo Martinez
Bought by
Genolet Horacio Augusto and Watson Catalina Alvarez
Current Estimated Value
$2,765,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,062,500
Outstanding Balance
$2,051,629
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$681,796

Purchase Details

Closed on
Feb 11, 2022
Sold by
Marta Zubillaga
Bought by
Revoca Marta Elena Zubillaga Arechederra

Purchase Details

Closed on
Oct 7, 2005
Sold by
Fernwood Key Inc
Bought by
Zubillaga Marta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 19, 2001
Sold by
Charles and Smith Cathy
Bought by
Ferwood Key Corp
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $2,760,000 None Listed On Document
Warranty Deed $2,760,000 None Listed On Document
Quit Claim Deed -- Arazoza & Fernandez-Fraga Pa
Warranty Deed $895,000 --
Warranty Deed $540,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,062,500 New Conventional
Closed $2,062,500 New Conventional
Previous Owner $1,085,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $595,000 Fannie Mae Freddie Mac
Source: Public Records

Tax History Compared to Growth

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 $32,084 $2,074,357 -- --
2024 $32,584 $1,975,578 -- --
2023 $32,584 $1,975,578 $0 $0
2022 $19,763 $1,218,659 $0 $0
2021 $19,799 $1,183,165 $0 $0
2020 $18,637 $1,166,830 $0 $0
2019 $23,817 $1,477,000 $0 $0
2018 $21,997 $1,476,704 $0 $0
2017 $21,141 $1,178,706 $0 $0
2016 $20,720 $1,071,551 $0 $0
2015 $18,851 $974,138 $0 $0
2014 $15,349 $885,580 $0 $0
Source: Public Records

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11677666

MIAMI REALTORS® MLS

APN: 24-5205-072-0010

Florida Miami/Dade County Key Biscayne 33149 Village of Key Biscayne

701 Fernwood Rd, Key Biscayne, FL

This home is located at 701 Fernwood Rd, Key Biscayne, FL 33149 and is currently priced at $2,760,000, approximately $1,320 per square foot. This property was built in 2003. 701 Fernwood Rd is a home located in Miami-Dade County with nearby schools including Key Biscayne K-8 Center, Ponce de Leon Middle School, and Coral Gables Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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