$1,425,000
SOLD JAN 31, 2025
3 Beds
3 Baths
1,830 Sq Ft
$2,951/mo HOA Fee

Recently Sold

$779 Per Sq Ft

48% Below List Price

236 Days on Market

Highlights

  • Lake Front
  • Property has ocean access
  • Private Beach Pavilion
  • Key Biscayne K-8 Center Rated A-
  • Community Cabanas
  • 1-minute walk to Lake Park

About This Home

As of January 2025

DRASTIC PRICE REDUCTION! SELLER DETERMINED! RARELY AVAILABLE TO BUY! GREAT FOR A FAMILY OR FOR INVESTMENT. ENJOY BEATIFUL VIEWS FROM THIS PRESTINE 3 BEDROOM 3 FULL BATHROOM CORNER UNIT. RELAX IN THE MASTER BATH JACUZZI OR ENJOY THE BREEZE AND THE VIEWS FROM THE BALCONY. FEATURING TILE FLOORS THROUGHOUT, LAUNDRY ROOM, SPLIT BEDROOM PLAN, GRANITE COUNTERTOPS IN KITCHEN, STAINLESS STEAL APPLIANCES, AND 2 ASSIGNED PARKING SPACES. ENJOY THE AMAZING AMMENITIES WHICH INCLUDE RESORT-LIKE POOLS, BEACH ACCESS, TENNIS, FINE DINNING, CLUBHOUSE, GYM & SPA AND MUCH MORE.

OPEN HOUSE FRIDAY DECEMBER 13 FROM 12PM-2PM BY APPOINTMENT ONLY. PLEASE TEXT LISTING AGENT TO RESERVE YOUR SPOT

OPEN HOUSE: FRIDAY 12-2PM BY APPOINTMENT ONLY!

Last Agent to Sell the Property

Elizabeth Osorio

Summit Real Estate, Inc. License #3298425 Listed on: 05/17/2024

Co-Listed By

Maurice Fortoul

Summit Real Estate, Inc. License #3446995

Last Buyer's Agent

Gustavo Rossi

Great Properties International LLC License #3517233

Great Properties International LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,818

Year Built

  • Built in 1998 | Remodeled

HOA Fees

  • $2,951 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,830 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Tile Flooring

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access

Schools

  • Keybiscayne Elementary School
  • Mast Academy High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Lake Front

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-056-0400

Community Details

Overview

  • Low-Rise Condominium
  • The Ocean Club Condos
  • Resort Villa One Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Trash Chute
  • Clubhouse
  • Community Storage Space
  • Elevator

Recreation

  • Private Beach Pavilion
  • Community Playground
  • Community Cabanas
  • Bike Trail

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,818

Year Built

Built in 1998 | Remodeled

Lot Details

0

HOA Fees

$2,951 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1998
  • Ownership: Corporation
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Co List Office Mls Id: SMMT01
  • Co List Office Phone: 305-446-7634
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: RESORT VILLA ONE CONDO
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Elevator, Other, Pantry, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1830
  • Other Equipment: Elevator
  • Possible Use: Investment
  • Stories: 4
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bedroom Ground Level

Exterior Features

  • View: Lake, Other View, Water View
  • Exterior Features: Open Balcony, Other, Tennis Court(s)
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Lake, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: The Ocean Club
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 1 Space, Covered

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Card Entry, Guard At Site, Security Patrol

Condo/Co-op/Association

  • Association Fee: 8853
  • Amenities: Barbecue, Bike/Jog Path, Cabana, Child Play Area, Clubhouse-Clubroom, Elevator(s), Exercise Room, Storage, Other, Private Beach Pavilion, Private Pool, Tennis Court(s), Trash Chute
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy

Lot Info

  • Parcel Number: 24-52-05-056-0400
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 17818

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jan 31, 2025
Sold by
Piemonte Corporation
Bought by
From Madrid To Sky Llc
Seller's Agent
Elizabeth Osorio
Summit Real Estate, Inc.
Buyer's Agent
Gustavo Rossi
Great Properties International LLC
List Price
$2,725,000
Sold Price
$1,425,000
Premium/Discount to List
-$1,300,000
-47.71%
Views
39
Current Estimated Value
$1,533,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,158
Avg. Annual Appreciation
13.18%

Purchase Details

Listed on
Oct 13, 2016
Closed on
Apr 23, 2018
Sold by
Fernandez Salvador and Fernandez Norys
Bought by
Piemonte Corporation
Seller's Agent
Douglas Kinsley
Fortune Christie's International Real Estate
Buyer's Agent
Massimo Giffuni
G & C Global Realty LLC
List Price
$1,575,000
Sold Price
$1,100,000
Premium/Discount to List
-$475,000
-30.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.90%

Purchase Details

Closed on
Jun 11, 2013
Sold by
Neal Katherine
Bought by
Neal David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2012
Sold by
Southam Arturo C and Southam Mary C
Bought by
Fernandez Salvador and Fernandez Norys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2001
Sold by
De Miami Abcon I
Bought by
Southam Arturo and Southam Mary C

Purchase Details

Closed on
Jul 21, 1998
Sold by
Key Biscayne Ocean Club Ltd
Bought by
Abcon De Miami Sa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
7.02%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 $1,425,000 None Listed On Document
Warranty Deed $1,425,000 None Listed On Document
Warranty Deed $1,100,000 Attorney
Interfamily Deed Transfer -- Champion Titel & Settlements
Warranty Deed $978,500 Elite World Title Svcs Inc
Warranty Deed $638,000 --
Deed $415,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $225,000 New Conventional
Previous Owner $408,000 New Conventional
Previous Owner $259,950 Credit Line Revolving
Previous Owner $415,050 Unknown
Previous Owner $200,000 Credit Line Revolving
Previous Owner $430,000 Unknown
Previous Owner $283,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $1,425,000 -19.0% $779 / Sq Ft
01/09/2025 01/09/25 Pending -- -- --
12/05/2024 12/05/24 Price Changed $1,759,999 -9.7% $962 / Sq Ft
11/25/2024 11/25/24 Price Changed $1,950,000 -6.0% $1,066 / Sq Ft
11/19/2024 11/19/24 Price Changed $2,075,000 -1.2% $1,134 / Sq Ft
09/19/2024 09/19/24 Price Changed $2,100,000 -6.3% $1,148 / Sq Ft
09/10/2024 09/10/24 Price Changed $2,240,000 -0.4% $1,224 / Sq Ft
08/24/2024 08/24/24 Price Changed $2,249,999 -2.2% $1,230 / Sq Ft
08/16/2024 08/16/24 Price Changed $2,300,000 -5.2% $1,257 / Sq Ft
06/17/2024 06/17/24 Price Changed $2,425,999 -1.0% $1,326 / Sq Ft
06/14/2024 06/14/24 Price Changed $2,450,000 -2.0% $1,339 / Sq Ft
06/10/2024 06/10/24 Price Changed $2,499,999 -1.0% $1,366 / Sq Ft
05/29/2024 05/29/24 Price Changed $2,525,000 -7.3% $1,380 / Sq Ft
05/18/2024 05/18/24 For Sale $2,725,000 0.0% $1,489 / Sq Ft
11/22/2019 11/22/19 Rented $6,000 0.0% --
10/26/2019 10/26/19 Under Contract -- -- --
08/27/2019 08/27/19 For Rent $6,000 0.0% --
04/27/2018 04/27/18 Sold $1,100,000 -7.9% $601 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
01/08/2018 01/08/18 Price Changed $1,195,000 -7.7% $653 / Sq Ft
10/04/2017 10/04/17 Price Changed $1,295,000 -4.1% $708 / Sq Ft
07/20/2017 07/20/17 Price Changed $1,350,000 -3.2% $738 / Sq Ft
07/19/2017 07/19/17 Price Changed $1,395,000 -3.5% $762 / Sq Ft
06/20/2017 06/20/17 Price Changed $1,445,000 -2.0% $790 / Sq Ft
05/11/2017 05/11/17 Price Changed $1,475,000 -6.3% $806 / Sq Ft
10/12/2016 10/12/16 For Sale $1,575,000 +61.0% $861 / Sq Ft
05/18/2012 05/18/12 Sold $978,500 0.0% $534 / Sq Ft
05/14/2012 05/14/12 Pending -- -- --
08/31/2011 08/31/11 For Sale $978,500 -- $534 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $19,193 $1,140,400 -- --
2024 $17,818 $1,036,728 -- --
2023 $17,818 $942,480 $0 $0
2022 $13,818 $856,800 $0 $0
2021 $13,374 $800,400 $0 $0
2020 $13,215 $800,400 $0 $0
2019 $14,400 $870,000 $0 $0
2018 $9,916 $658,655 $0 $0
2017 $9,788 $645,108 $0 $0
2016 $9,804 $631,840 $0 $0
2015 $9,949 $627,448 $0 $0
2014 $10,099 $622,469 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11590171

MIAMI REALTORS® MLS

APN: 24-5205-056-0400