NOT LISTED FOR SALE

Estimated Value: $837,513 - $2,104,000

2 Beds
2.5 Baths
2,957 Sq Ft
$1,956/mo HOA Fee

Last Sold September 20, 2018

Last sale price $850,000 $287 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,184/month

146 Days on Market

Highlights

  • Doorman
  • Ocean View
  • Private Dock
  • Marina
  • Property has ocean access
  • Property fronts an intracoastal waterway

About This Home

As of September 2018

JUST REDUCED: Estate Sale! Great opportunity to renovate and create your own dream sky home! Desirable south-line unit in this architectural icon on Biscayne Bay. Expansive sunrise and sunset views of Miami Beach and downtown. Private terraces, huge flow-thru space with Miami elegance and mega closets. A tranquil oasis of 12 guarded acres tucked amid the Hot MiMo restaurants, bars, and shopping just a block away, and minutes to Design District. Concierge and valets see to all your needs. Boat Owners: dock your boat at the Palm Bay Marina. Private entry into Legion Park next door for dog walking, sports or enjoying weekly Farmer's Market. Or just stay on property and lounge by the fabulous pool and Jacuzzi, play tennis, or workout in the fitness center. Life is GREAT at the Palm Bay Club!

Last Agent to Sell the Property

Shane Graber

Graber Realty Group LLC License #3347659 Listed on: 03/29/2018

Last Buyer's Agent

Marie Amar

Fortune International Realty License #3377381

Fortune International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,459

Year Built

  • Built in 1972

Lot Details

  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • Fenced

HOA Fees

  • $1,956 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Property Views

Home Design

  • Stucco Exterior
  • Stone

Interior Spaces

  • 2,957 Sq Ft Home
  • Built-In Features
  • Vaulted Ceiling

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Jettted Tub and Separate Shower in Primary Bathroom

Home Security

Outdoor Features

  • Property has ocean access
  • Mangrove Front
  • Private Dock
  • Balcony

Location

  • East of U.S. Route 1

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 01-32-18-053-0350

Community Details

Overview

  • High-Rise Condominium
  • Palm Bay Towers Condo
  • Palm Bay Towers Condo Subdivision
  • 27-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Trash Chute
  • Laundry Facilities
  • Elevator
  • Lobby

Recreation

  • Boat Dock
  • Marina
  • Community Cabanas
  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Complex Is Fenced
  • Walled
  • Clear Impact Glass
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,459

Year Built

Built in 1972

Lot Details

0

HOA Fees

$1,956 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1972
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: From Biscayne Boulevard, turn East onto Palm Bay Lane [NE 69 Street]; enter the gate in 1000 feet on your right.
  • Entry Level: 15
  • Road Frontage Type: Bay
  • Garage Yn: No
  • Horses: No
  • Inclusions: Dock Available,Private Dock
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: PALM BAY TOWERS CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Interior Amenities: Lobby, Built-in Features, Closet Cabinetry, Split Bedroom, Volume Ceilings, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Parquet, Tile
  • Furnished: Unfurnished
  • Living Area: 2957
  • Possible Use: Primary
  • Stories: 27
  • Window Features: Clear Impact Glass
  • Bedroom Features: Sitting Area - Primary Bedroom
  • Master Bathroom Features: Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Bay, Intracoastal View, Ocean View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: Stone, Stucco
  • Fencing: Fenced
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Intracoastal Front, Mangrove Front, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Palm Bay Towers Condo
  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Other
  • Heating Yn: Yes
  • Security: Complex Fenced, Doorman, Walled

Condo/Co-op/Association

  • Association Fee: 1956
  • Amenities: Boat Dock, Barbecue, Cabana, Laundry, Elevator(s), Exercise Room, Exterior Lighting, Marina, Private Pool, Tennis Court(s), Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-32-18-053-0350
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3459

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2022
Sold by
Mark Rosselet Joseph
Bought by
Menashe Ronnie and Menashe Sharon
Current Estimated Value
$954,111

Purchase Details

Listed on
Mar 29, 2018
Closed on
Sep 18, 2018
Sold by
Diehl Lindsay and Schneider Jonathan
Bought by
Rosselet Joseph Mark
Seller's Agent
Shane Graber
Graber Realty Group LLC
Buyer's Agent
Marie Amar
Fortune International Realty
List Price
$1,050,000
Sold Price
$850,000
Premium/Discount to List
-$200,000
-19.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.55%

Purchase Details

Closed on
Feb 16, 2016
Sold by
Schneider Sondra
Bought by
Schneider Sondra and Diehl Lindsay

Purchase Details

Closed on
Feb 21, 2013
Sold by
Schneider Sondra
Bought by
Schneider Sondar

Purchase Details

Closed on
Jun 14, 2011
Sold by
Schneider Howard and Schneider Sondra
Bought by
Schneider Sondra

Purchase Details

Closed on
Apr 14, 1998
Sold by
Kaplan Ian M
Bought by
Schneider Howard and Schneider Sondra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.06%
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
Menashe Ronnie $700,000 Myron E Siegel Pa
Rosselet Joseph Mark $850,000 Guaranteed Florida Title Inc
Schneider Sondra -- Attorney
Schneider Sondar -- Attorney
Schneider Sondra -- Attorney
Schneider Howard $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosselet Joseph Mark $510,300
Previous Owner Schneider Howard $220,000
Previous Owner Schneider Howard $282,692
Previous Owner Schneider Howard $75,000
Previous Owner Schneider Howard $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2018 09/20/18 Sold $850,000 -10.4% $287 / Sq Ft
05/25/2018 05/25/18 Price Changed $949,000 -4.6% $321 / Sq Ft
04/11/2018 04/11/18 Price Changed $995,000 -5.2% $336 / Sq Ft
03/28/2018 03/28/18 For Sale $1,050,000 -- $355 / 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 $12,052 $510,610 -- --
2024 $11,979 $643,338 -- --
2023 $11,979 $624,600 $0 $0
2022 $12,876 $624,607 $0 $0
2021 $12,064 $567,825 $0 $0
2020 $17,571 $825,000 $0 $0
2019 $20,550 $962,700 $0 $0
2018 $3,506 $209,347 $0 $0
2017 $3,459 $205,042 $0 $0
2016 $3,475 $200,825 $0 $0
2015 $3,513 $199,429 $0 $0
2014 $3,552 $197,847 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10443098

MIAMI REALTORS® MLS

APN: 01-3218-053-0350