NOT LISTED FOR SALE

Palm Bay Tower 720 NE 69th St Unit 8W Miami, FL 33138

Upper East Side North Neighborhood

Estimated Value: $528,000 - $586,000

2 Beds
3.5 Baths
1,763 Sq Ft
1972 Built

Last Sold September 20, 2023

Last sale price $475,000 $269 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,689/month

95 Days on Market

Highlights

  • Valet Parking
  • Property has ocean access
  • Fitness Center
  • Morningside K-8 Academy Rated 9+
  • Property Fronts a Bay or Harbor
  • Community Pool

About This Home

As of September 2023

Views for days in this large and clean 2 bed 3.5 bath 1,763 sq ft condo located in the iconic Palm Bay Tower. Palm Bay is a secluded gated 10 acre community surrounded by lush landscaping and located right on Biscayne Bay in Miami's Upper Eastside. This unit features expansive water views from every room. Updated with a beautiful kitchen and a large primary bedroom with 2 separate full bathrooms. Unit also includes impact windows and a deeded parking space. Amenities include pool, 24-7 security, marina, gym, tennis courts and guest parking. A Very Special Home

Last Agent to Sell the Property

Carole Smith

Compass Florida, LLC License #0587059 Listed on: 05/25/2023

Compass Florida, LLC

Last Buyer's Agent

Carole Smith

Compass Florida, LLC License #0587059 Listed on: 05/25/2023

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,555

Year Built

  • Built in 1972

Lot Details

  • Property Fronts a Bay or Harbor
  • Southwest Facing Home

HOA Fees

  • $2,140 Monthly HOA Fees

Parking

  • 1 Detached Carport Space

Property Views

  • Club Area

Home Design

  • Entry on the 8th floor

Interior Spaces

  • 1,763 Sq Ft Home
  • Built-In Features
  • Combination Dining and Living Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet

Home Security

Outdoor Features

  • Property has ocean access
  • Seawall
  • Balcony

Schools

  • Morningside Elementary School
  • Horace Mann Middle School
  • Miami Edison High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-32-18-053-0180

Community Details

Overview

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

Amenities

  • Valet Parking
  • Elevator
  • Secure Lobby

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Security Service
  • Complex Is Fenced
  • Complete Impact Glass
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,555

Year Built

Built in 1972

Lot Details

0 Sq Ft Lot

HOA Fees

$2,140 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1972
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Carport Y N: Yes
  • Directions: Head east on NE 69th St off of Biscayne Blvd. Guard gate entrance to Palm Bay on the right. Please use GPS
  • Entry Level: 8
  • Road Frontage Type: Bay
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • 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, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Carpet, Tile
  • Furnished: Unfurnished
  • Living Area: 1763
  • Possible Use: Unknown/Withheld
  • Stories: 27
  • Window Features: Complete Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Bay, Club Area View
  • Exterior Features: Open Balcony
  • Direction Faces: Southwest
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Seawall
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: PALM BAY TOWERS
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: Detached Carport, Other, Valet

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Complex Fenced, Lobby Secured, Security Patrol

Condo/Co-op/Association

  • Association Fee: 2140
  • Amenities: Elevator(s), Exercise Room, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Morningside
  • High School: Miami Edison
  • Middle Or Junior School: Horace Mann

Lot Info

  • Parcel Number: 01-32-18-053-0180
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7555

Multi Family

  • Number Of Units In Community: 66
  • Number Of Units Total: 66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2023
Closed on
Sep 20, 2023
Sold by
John D Sadler D and John Dracey D
Bought by
Chaille Thomas B and Chaille Sandra K
Seller's Agent
Carole Smith
Compass Florida, LLC
Buyer's Agent
Carole Smith
Compass Florida, LLC
List Price
$535,000
Sold Price
$475,000
Premium/Discount to List
-$60,000
-11.21%
Views
35
Current Estimated Value
$557,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,128
Avg. Annual Appreciation
6.61%

Purchase Details

Closed on
Nov 10, 2017
Sold by
Langford Sadler J and Langford Drace
Bought by
Sadler John Donald and Langford Dracey Don

Purchase Details

Closed on
Nov 20, 2006
Sold by
Sadler J Don and Langford Drace
Bought by
Sadler J Don and Langford Drace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 1999
Sold by
Sadler J Don
Bought by
Don Sadler Jr J and Langford Drace

Purchase Details

Closed on
Dec 18, 1998
Sold by
Beck Kenneth S
Bought by
Sadler J D

Purchase Details

Closed on
Oct 10, 1996
Sold by
Elliott Thomas E
Bought by
Beck Kenneth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.05%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chaille Thomas B $475,000 None Listed On Document
Sadler John Donald -- Attorney
Sadler J Don -- Home Title Agency Inc
Don Sadler Jr J $40,500 --
Sadler J D $117,500 --
Beck Kenneth S $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sadler J Don $475,000
Previous Owner Beck Kenneth S $249,600
Previous Owner Beck Kenneth S $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2023 09/20/23 Sold $475,000 -11.2% $269 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $535,000 0.0% $303 / Sq Ft
10/26/2020 10/26/20 Rented $3,000 0.0% --
10/10/2020 10/10/20 Under Contract -- -- --
10/07/2020 10/07/20 Price Changed $3,000 -11.8% $2 / Sq Ft
09/01/2020 09/01/20 Price Changed $3,400 -9.3% $2 / Sq Ft
07/28/2020 07/28/20 Price Changed $3,750 -6.3% $2 / Sq Ft
06/22/2020 06/22/20 For Rent $4,000 -- --
Source: MIAMI REALTORS® MLS

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 $7,804 $366,177 -- --
2024 $7,626 $389,550 -- --
2023 $7,626 $371,000 $0 $0
2022 $7,555 $364,346 $0 $0
2021 $7,037 $331,224 $0 $0
2020 $1,879 $129,835 $0 $0
2019 $1,821 $126,916 $0 $0
2018 $1,730 $124,550 $0 $0
2017 $1,700 $121,989 $0 $0
2016 $1,699 $119,480 $0 $0
2015 $1,717 $118,650 $0 $0
2014 $1,735 $117,709 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carole Smith

    Seller's Agent in 2023

    Carole Smith

    Compass Florida, LLC

    (305) 710-1010

    5 in this area

    177 Total Sales

    Carole Smith
    Section Image
  • George Schechter

    Seller's Agent in 2020

    George Schechter

    Compass Florida, LLC

    (305) 330-5481

    6 in this area

    15 Total Sales

    George Schechter
    Section Image

  • M

    Buyer's Agent in 2020

    Mark Parker

    MMLS Assoc.-Inactive Member

    Section Image
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About Palm Bay Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11392717

MIAMI REALTORS® MLS

APN: 01-3218-053-0180

Florida Miami/Dade County Miami 33138 Upper East Side North

720 NE 69th St Unit 8W, Miami, FL

Not Listed for Sale

Condos

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