NOT LISTED FOR SALE

721 Crandon Blvd Unit 507 Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood

Estimated Value: $2,192,574 - $2,388,000

3 Beds
3 Baths
2,174 Sq Ft
2002 Built

Last Sold May 30, 2018

Last sale price $1,300,000 $598 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $13,923/month

Highlights

  • Lake Front
  • Intercom to Front Desk
  • In Ground Pool
  • Key Biscayne K-8 Center Rated A-
  • Gated with Attendant
  • 2-minute walk to Lake Park

About This Home

As of October 2018

Beautiful 3 bedrooms, 3 bath apartment with 2,174 sq. ft. of living space and a large terrace. Marble floors throughout, galley kitchen with breakfast nook, laundry room. Each bedroom has its own bathroom. Master bedroom has oversized jacuzzi tub. Also availabe seasonal for $8,000.

Last Agent to Rent the Property

Douglas Kinsley

Fortune Christie's International Real Estate License #0372853 Listed on: 06/15/2018

Fortune Christie's International Real Estate

Co-Listed By

Cristian Black

BHHS EWM Realty License #0669932

Last Renter's Agent

Frederique Leforestier

One Sotheby's International Realty License #3230379

One Sotheby's International Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,140

Year Built

  • Built in 2002

Lot Details

  • Lake Front
  • East Facing Home

Parking

  • 2 Car Garage
  • Guest Parking
  • Assigned Parking
  • Secure Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,174 Sq Ft Home
  • Sliding Windows
  • Combination Dining and Living Room
  • Lake Views

Kitchen

  • Breakfast Area or Nook
  • Built-In Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms
  • Roman Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • In Ground Pool
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 8/20/18
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 24-52-05-067-0270

Community Details

Overview

  • No Home Owners Association
  • High-Rise Condominium
  • Lake Villa One Condo
  • Lake Villa One Condo Subdivision

Amenities

  • Intercom to Front Desk

Recreation

  • Community Playground

Pet Policy

  • No Pets Allowed

Security

  • Gated with Attendant
  • Card or Code Access
  • Complex Is Fenced
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$21,140

Year Built

Built in 2002

Lot Details

0

Parking

2

Rental Info

  • Pets Allowed: No
  • Available Date: 2018-08-20
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2002
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: FINR05
  • Co List Office Phone: 305-361-3440
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Lease Assignable: No
  • New Construction: No
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: LAKE VILLA ONE CONDO
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: Roman Tub, Split Bedroom
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 2174
  • Window Features: Hurricane Shutters, Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Dining/Living Room
  • Living Room Features: Laundry

Exterior Features

  • View: Lake
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: LAKE VILLA ONE CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Spaces, Assigned, Guest

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry Room
  • Security: Smoke Detector, Key Card Entry, Complex Fenced, Gated with Guard, Intercom In Lobby, Key/Card Entry Parking, Security Patrol

Condo/Co-op/Association

  • Amenities: Child Play Area
  • Association: No

Lot Info

  • Parcel Number: 24-52-05-067-0270
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 5000
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2017
Closed on
May 25, 2018
Sold by
Lake Villa 507 Corp
Bought by
Gersny Iris M
Seller's Agent
Michael Light
Douglas Elliman
Buyer's Agent
Michael Light
Douglas Elliman
List Price
$1,650,000
Sold Price
$1,300,000
Premium/Discount to List
-$350,000
-21.21%
Current Estimated Value
$2,323,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,023,394
Avg. Annual Appreciation
8.14%

Purchase Details

Closed on
Jul 22, 2002
Sold by
Key Biscayne Ocean Club Lp
Bought by
Lake Villa 507 Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
6.67%
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
Gersny Iris M $1,300,000 Attorney
Lake Villa 507 Corp $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lake Villa 507 Corp $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2018 10/09/18 Rented $5,900 -4.8% --
10/01/2018 10/01/18 Price Changed $6,200 -1.6% $3 / Sq Ft
09/18/2018 09/18/18 Price Changed $6,300 -1.6% $3 / Sq Ft
09/13/2018 09/13/18 Price Changed $6,400 -1.5% $3 / Sq Ft
09/06/2018 09/06/18 Price Changed $6,500 -1.5% $3 / Sq Ft
08/23/2018 08/23/18 Price Changed $6,600 -1.5% $3 / Sq Ft
08/13/2018 08/13/18 Price Changed $6,700 -4.3% $3 / Sq Ft
08/09/2018 08/09/18 Price Changed $7,000 -2.8% $3 / Sq Ft
06/15/2018 06/15/18 For Rent $7,200 0.0% --
05/30/2018 05/30/18 Sold $1,300,000 -6.8% $598 / Sq Ft View Prior Sale
05/07/2018 05/07/18 Pending -- -- --
05/01/2018 05/01/18 Price Changed $1,395,000 -6.7% $642 / Sq Ft
12/03/2017 12/03/17 Price Changed $1,495,000 0.0% $688 / Sq Ft
11/01/2017 11/01/17 Rented $6,500 -99.6% --
10/27/2017 10/27/17 Under Contract -- -- --
06/22/2017 06/22/17 Price Changed $1,550,000 0.0% $713 / Sq Ft
06/22/2017 06/22/17 Price Changed $7,499 0.0% $3 / Sq Ft
05/30/2017 05/30/17 For Sale $1,650,000 0.0% $759 / Sq Ft
05/24/2017 05/24/17 For Rent $8,000 0.0% --
10/01/2015 10/01/15 Rented $8,000 -- --
09/28/2015 09/28/15 Under Contract -- -- --
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 $21,140 $1,273,180 -- --
2024 $20,196 $1,157,437 -- --
2023 $20,196 $1,052,216 $0 $0
2022 $15,951 $990,990 $0 $0
2021 $15,734 $943,800 $0 $0
2020 $15,583 $943,810 $0 $0
2019 $16,105 $973,000 $0 $0
2018 $17,991 $1,123,357 $0 $0
2017 $21,604 $1,337,330 $0 $0
2016 $21,181 $1,236,099 $0 $0
2015 $20,617 $1,123,727 $0 $0
2014 $18,407 $1,021,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Douglas Kinsley

    Landlord's Agent in 2018

    Douglas Kinsley

    Fortune Christie's International Real Estate

    (305) 361-3440

    56 in this area

    64 Total Sales

    Douglas Kinsley
    Section Image
  • Michael Light

    Seller's Agent in 2018

    Michael Light

    Douglas Elliman

    (786) 566-1700

    45 Total Sales

    Michael Light
    Section Image

  • C

    Landlord's Co-Listing Agent in 2018

    Cristian Black

    BHHS EWM Realty

    (305) 361-3440

    34 in this area

    43 Total Sales

    Cristian Black
    Section Image
  • Frederique Leforestier

    Tenant's Agent in 2018

    Frederique Leforestier

    One Sotheby's International Realty

    (786) 399-5274

    11 in this area

    28 Total Sales

    Frederique Leforestier
    Section Image

  • D

    Seller's Agent in 2015

    Daniel Laplana

    MMLS Assoc.-Inactive Member

    Section Image

  • B

    Seller Co-Listing Agent in 2015

    Brett Haller

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10487390

MIAMI REALTORS® MLS

APN: 24-5205-067-0270

Florida Miami/Dade County Key Biscayne 33149 Village of Key Biscayne

721 Crandon Blvd Unit 507, Key Biscayne, FL

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