NOT LISTED FOR SALE

Estimated Value: $1,228,262 - $1,519,000

2 Beds
2 Baths
1,310 Sq Ft
$1,462/mo HOA Fee

Last Sold May 30, 2024

Last sale price $1,450,000 $1,107 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $10,552/month

222 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Fitness Center
  • Key Biscayne K-8 Center Rated A-
  • Community Cabanas
  • 1-minute walk to Lake Park

About This Home

As of May 2024

Discover luxury living at its finest in this quant two-bedroom, two-bathroom Penthouse residence at Resort Villa II in The Ocean Club, Key Biscayne. Revel in the expansive balcony offering serene views of the lake and the tranquil sounds of the fountain. The living room is flooded with natural light, creating a cozy and welcoming ambiance for everyday living. Fully equipped kitchen with high-end stainless-steel appliances, catering to the needs of culinary enthusiasts. Unit owners have access to a range of amenities include, Ocean Club Pool and Beach service, Tennis, Gym, Spa, Co-work offices, Restaurants, etc.

Last Agent to Sell the Property

Victor Florencio Sanchez

Ocean Club Realty, Inc. License #3468846 Listed on: 10/20/2023

Last Buyer's Agent

Eric Johnson

One Sotheby's International Re License #3509891

One Sotheby's International Re

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,311

Year Built

  • Built in 1997

HOA Fees

  • $1,462 Monthly HOA Fees

Parking

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

Property Views

Home Design

  • Penthouse

Interior Spaces

  • 1,310 Sq Ft Home
  • Combination Dining and Living Room
  • Marble Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Closet Cabinetry
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Home fronts a lagoon or estuary
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 24-52-04-017-0280

Community Details

Overview

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

Amenities

  • Sauna
  • Courtesy Bus
  • Clubhouse
  • Community Library
  • Intercom to Front Desk
  • Bike Room

Recreation

  • Handball Court
  • Community Playground
  • Community Cabanas
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $1,064

Security

  • Security Guard
  • Card or Code Access
  • Phone Entry
  • Secure Elevator
  • Complex Is Fenced
  • Complete Accordion Shutters
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,311

Year Built

Built in 1997

Lot Details

0

HOA Fees

$1,462 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1997
  • Property Sub Type: Condominium
  • Architectural Style: Penthouse
  • Entry Level: 6
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Restricted Salt Water Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: RESORT VILLA TWO CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Washer
  • Interior Amenities: Bar, Closet Cabinetry, Fire Sprinklers
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1310
  • Possible Use: Primary
  • Stories: 6
  • Window Features: Complete Accordian Shutters, Hurricane Shutters
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Dining/Living Room, Snack Bar/Counter

Exterior Features

  • View: Bay, Lagoon, Ocean View, Skyline
  • Exterior Features: East Of Us1, Screened Balcony, Tennis Court(s)
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lagoon, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: THE OCEAN CLUB KEY BISCAY
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Fire Alarm, Smoke Detector, Complex Fenced, Elevator Secure, Card Entry, Phone Entry, Secured Garage/Parking, Guard At Site, Intercom In Lobby, Security Patrol

Condo/Co-op/Association

  • Association Fee: 1462
  • Amenities: Bike Storage, Cabana, Child Play Area, Clubhouse-Clubroom, Courtesy Bus, Exercise Room, Exterior Lighting, Handball/Basketball, Library, Other, Pool, Sauna, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Lot Info

  • Parcel Number: 24-52-04-017-0280
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 1064
  • Number Of Units In Community: 802

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10311

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
May 29, 2024
Sold by
Ruiz Francisco and Ruiz Lucy
Bought by
Key Club Kb Llc
Seller's Agent
Victor Florencio Sanchez
Ocean Club Realty, Inc.
Buyer's Agent
Eric Johnson
One Sotheby's International Re
List Price
$1,550,000
Sold Price
$1,450,000
Premium/Discount to List
-$100,000
-6.45%
Views
100
Current Estimated Value
$1,416,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,684
Avg. Annual Appreciation
-1.48%

Purchase Details

Listed on
Jul 6, 2011
Closed on
May 7, 2012
Sold by
Achuthan Ashoka and Achuthan Jennifer
Bought by
Ruiz Francisco and Ruiz Lucy
Seller's Agent
Natalia Anda
Coldwell Banker Realty
Buyer's Agent
Sonia Gherardi
One Sotheby's International Realty
List Price
$770,000
Sold Price
$770,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.38%
Original Mortgage
$500,500
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 1, 2003
Sold by
Naranjo Denaranjo Ines and Naranjo Denaranjo Ines
Bought by
Achuthan Ashoka and Achuthan Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.88%

Purchase Details

Closed on
Nov 26, 1997
Sold by
Naranjo Ines Naranjo De
Bought by
Naranjo De Nara Ines and Naranjo Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
7.35%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Key Club Kb Llc $1,450,000 Advent Title
Ruiz Francisco $770,000 Attorney
Achuthan Ashoka $500,000 --
Naranjo De Nara Ines $100 --
Naranjo Ines N $315,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruiz Francisco $639,000
Previous Owner Ruiz Francisco $500,000
Previous Owner Ruiz Francisco $500,500
Previous Owner Achuthan Ashoka $350,130
Previous Owner Achuthan Ashoka $207,000
Previous Owner Achuthan Ashoka $417,000
Previous Owner Achuthan Ashoka $300,000
Previous Owner Achuthan Ashoka $322,700
Previous Owner Naranjo Ines N $236,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $1,450,000 -2.7% $1,107 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
02/15/2024 02/15/24 Price Changed $1,490,000 -3.9% $1,137 / Sq Ft
10/20/2023 10/20/23 For Sale $1,550,000 +101.3% $1,183 / Sq Ft
05/07/2012 05/07/12 Sold $770,000 0.0% $588 / Sq Ft
04/23/2012 04/23/12 Pending -- -- --
07/06/2011 07/06/11 For Sale $770,000 -- $588 / 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 $16,478 $1,172,640 -- --
2024 $10,543 $1,047,000 -- --
2023 $10,543 $696,011 $0 $0
2022 $10,311 $675,739 $0 $0
2021 $10,351 $656,058 $0 $0
2020 $10,035 $647,000 $0 $0
2019 $10,060 $647,000 $0 $0
2018 $10,672 $705,846 $0 $0
2017 $10,535 $691,329 $0 $0
2016 $10,553 $677,110 $0 $0
2015 $10,709 $672,404 $0 $0
2014 $10,871 $667,068 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11472638

MIAMI REALTORS® MLS

APN: 24-5204-017-0280