$1,063,900
SOLD MAR 22, 2017
2 Beds
2 Baths
1,700 Sq Ft
$331/mo HOA Fee

Recently Sold

$626 Per Sq Ft

23% Below List Price

245 Days on Market

Highlights

  • Lake Front
  • Property has ocean access
  • Penthouse
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • 1-minute walk to Lake Park

About This Home

As of March 2017

JUST REDUCE GREAT 2BEDROOM/2BATH CORNER PENTHOUSE WITH VIEWS OF LAKE, POOL, AND MIAMI SKYLINE. SPACIOUS, WITH FORMAL DINING AREA THAT EASILY CONVERTS INTO A DEN/OFFICE. UPDATED KITCHEN AND BATHROOMS. ENJOY WORLD CLASS AMENITIES THAT OCEAN CLUB HAS TO OFFER: GYM AND SPA, RESORT TYPE POOLS, BEACH ACCESS, TENNIS WITH CLUBHOUSE, FINE RESTAURANTS AND BARS, VOLLEY, CHILDREN PLAYGROUND, AND MORE! 2 ASSIGNED PARKING SPACES. BEST PRICE PER SQ. FT. APPLIANCES UNDER WARRANTY UNTIL 2018.

Last Agent to Sell the Property

Jose Santivanez

MMLS Assoc.-Inactive Member License #0657893 Listed on: 06/30/2016

Co-Listed By

Daniel Gaviria

Great Properties International LLC License #0591285

Last Buyer's Agent

Carlos Coto

One Sotheby's International Realty License #0165407

One Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,431

Year Built

  • Built in 1997 | Remodeled

Lot Details

  • Lake Front
  • South Facing Home

HOA Fees

  • $331 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Property Views

  • Bay
  • Lake
  • Skyline

Home Design

  • Penthouse
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,700 Sq Ft Home
  • Drapes & Rods
  • Formal Dining Room

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access
  • Balcony

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-04-017-0040

Community Details

Overview

  • 802 Units
  • Club Membership Required
  • Mid-Rise Condominium
  • Resort Villa Two Condos
  • Ocean Club Subdivision
  • 6-Story Property

Amenities

  • Sauna
  • Trash Chute
  • Clubhouse
  • Community Kitchen
  • Bike Room

Recreation

  • Tennis Courts
  • Handball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Security

  • Security Guard
  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,431

Year Built

Built in 1997 | Remodeled

Lot Details

0

HOA Fees

$331 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1997
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, Penthouse
  • Co List Office Mls Id: GRTP01
  • Co List Office Phone: 305-365-0711
  • Entry Level: 6
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCEAN CLUB
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Utility Room/Laundry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor, Wood
  • Furnished: Unfurnished
  • Living Area: 1700
  • Possible Use: Unknown/Withheld
  • Stories: 6
  • Window Features: Hurricane Shutters, Drapes
  • Bedroom Features: Entry Level
  • Dining Room Features: Formal Dining
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Skyline, Bay, Lake
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Lake, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: RESORT VILLA TWO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Smoke Detector, Elevator Secure, Guard At Site, Security Patrol

Condo/Co-op/Association

  • Association Fee: 993
  • Amenities: Bike Storage, Clubhouse-Clubroom, Elevator(s), Exercise Room, Handball/Basketball, Kitchen Facilities, Exterior Lighting, Child Play Area, Pool, Sauna, Spa/Hot Tub, Tennis Court(s), Trash Chute
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-04-017-0040
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Multi Family

  • Maintenance Expense: 993
  • Number Of Units In Community: 802
  • Number Of Units Total: 46

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 16431

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2016
Closed on
Mar 22, 2017
Sold by
Mercy C O Llc and Mercy Co Llc
Bought by
Bear Re 2 Llc
Seller's Agent
Jose Santivanez
MMLS Assoc.-Inactive Member
Buyer's Agent
Carlos Coto
One Sotheby's International Realty
List Price
$1,375,000
Sold Price
$1,063,900
Premium/Discount to List
-$311,100
-22.63%
Current Estimated Value
$2,067,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,003,606
Avg. Annual Appreciation
7.49%
Interest Rate
4.3%

Purchase Details

Listed on
Apr 15, 2013
Closed on
Jun 20, 2013
Sold by
Enfield Overseas Ltd
Bought by
Mercy O C Llc
Seller's Agent
Monica Defortuna
Fortune Christie's Intl R.E.
Buyer's Agent
Jose Santivanez
MMLS Assoc.-Inactive Member
List Price
$1,130,000
Sold Price
$1,030,000
Premium/Discount to List
-$100,000
-8.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.87%

Purchase Details

Closed on
Nov 21, 1997
Sold by
Key Biscayne Ocean Club Ltd Partnershi
Bought by
Enfield Overseas Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.27%
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
Deed $1,063,900 --
Warranty Deed $1,030,000 Attorney
Deed $365,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed -- No Value Available
Previous Owner $180,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2017 03/22/17 Sold $1,063,900 -11.3% $626 / Sq Ft
01/26/2017 01/26/17 Price Changed $1,199,000 -2.1% $705 / Sq Ft
12/27/2016 12/27/16 Price Changed $1,225,000 -5.4% $721 / Sq Ft
10/17/2016 10/17/16 Price Changed $1,295,000 -2.3% $762 / Sq Ft
08/30/2016 08/30/16 Price Changed $1,325,000 -3.6% $779 / Sq Ft
06/29/2016 06/29/16 For Sale $1,375,000 +33.5% $809 / Sq Ft
06/21/2013 06/21/13 Sold $1,030,000 -8.8% $606 / Sq Ft
05/17/2013 05/17/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $1,130,000 -- $665 / 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
2024 $18,639 $1,051,623 -- --
2023 $18,639 $956,021 $0 $0
2022 $15,315 $869,110 $0 $0
2021 $13,204 $790,100 $0 $0
2020 $13,588 $823,000 $0 $0
2019 $13,622 $823,000 $0 $0
2018 $14,349 $895,937 $0 $0
2017 $15,235 $904,300 $0 $0
2016 $16,077 $972,260 $0 $0
2015 $16,431 $972,260 $0 $0
2014 $16,814 $972,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10107679

MIAMI REALTORS® MLS

APN: 24-5204-017-0040