NOT LISTED FOR SALE

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

Upper East Side North Neighborhood

Estimated Value: $448,000 - $680,000

2 Beds
3.5 Baths
1,763 Sq Ft
1972 Built

Sale Details

Date Sold: September 20, 2023

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

Est. 23% increase in value since last sale

Current estimated payment $5,971 / mo

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 Community
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2023
Closed on
Sep 20, 2023
Sold by
Bought by
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
34
Current Estimated Value
$583,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,815
Avg. Annual Appreciation
7.45%

Purchase Details

Closed on
Nov 10, 2017
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2006
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Dec 18, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 10, 1996
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$475,000 None Listed On Document
-- Attorney
-- Home Title Agency Inc
$40,500 --
$117,500 --
$105,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $100,000
Previous Owner $417,000
Previous Owner $475,000
Previous Owner $315,000
Previous Owner $249,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -25.0% --
10/10/2020 10/10/20 Under Contract -- -- --
06/22/2020 06/22/20 For Rent $4,000 -- --
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    157 Total Sales

    Carole Smith
    Section Image

  • G

    Seller's Agent in 2020

    George Schechter

    Compass Florida, LLC

    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

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