$2,060,000
SOLD MAR 21, 2025 RENTED MAY 1, 2025
2 Beds
2.5 Baths
2,060 Sq Ft
$1,754/mo HOA Fee

Recently Sold

$1,000 Per Sq Ft

9% Below List Price

22 Days on Market

Highlights

  • Lake Front
  • Bar or Lounge
  • Penthouse
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • 3-minute walk to Lake Park

About This Home

As of March 2025

Welcome to PH-5, a distinctive 2,060 SqFt 2BD/2.5BA condo in Lake Villa II at Ocean Club, Key Biscayne. This bright unit features high ceilings, enhancing its spacious feel. Experience the exclusivity of Lake Villa II and indulge in the Ocean Club's premier amenities, including a Beach Club, Tennis Club, gym, restaurants, pool, spa, and more. PH-5 boasts two balconies: the expansive one offers stunning lake, pool, and city skyline views, while the second provides a serene garden and distant ocean view. The open-concept living and dining area is generously sized, featuring custom cabinetry for books, storage, and decor. The primary suite overlooks the lake, and the second suite offers tranquil tree views. Includes 2 parking spaces & storage. Embrace the luxurious resort lifestyle today.

Last Agent to Sell the Property

Isabel Dohse

Compass Florida, LLC License #3258548 Listed on: 01/23/2025

Compass Florida, LLC

Last Buyer's Agent

Victor Florencio Sanchez

Ocean Club Realty, Inc. License #3468846

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,873

Year Built

  • Built in 1996

HOA Fees

  • $1,754 Monthly HOA Fees

Parking

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

Property Views

  • Lake
  • Pool

Home Design

  • Penthouse
  • Entry on the 5th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,060 Sq Ft Home
  • Partially Furnished
  • Built-In Features
  • Blinds
  • Marble Flooring

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Keybiscayne Elementary School

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • Lake Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-050-0220

Community Details

Overview

  • Club Membership Required
  • Ocean Club Condos
  • Lake Villa Two Condo Subdivision
  • 5-Story Property

Amenities

  • Sauna
  • Clubhouse
  • Community Center
  • Party Room
  • Bar or Lounge
  • Lobby
  • Secure Lobby
  • Bike Room

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,873

Year Built

Built in 1996

Lot Details

0

HOA Fees

$1,754 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1996
  • Property Sub Type: Condominium
  • Architectural Style: Penthouse
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: LAKE VILLA TWO CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Lobby, Built-in Features, Closet Cabinetry, Elevator, Walk-In Closet(s), Other
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Marble
  • Furnished: Partially Furnished
  • Living Area: 2060
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 5
  • Window Features: Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area
  • Living Room Features: Other
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Lake, Pool Area View, Water View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Card Entry, Secured Garage/Parking, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1754
  • Amenities: Bar, Basketball Court, Bike Storage, Child Play Area, Clubhouse-Clubroom, Community Room, Exercise Room, Other, Pool, Private Pool, Sauna, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne

Lot Info

  • Parcel Number: 24-52-05-050-0220
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 15873

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2025
Closed on
Mar 19, 2025
Sold by
Sinclair Andres R and Sinclair Paula M
Bought by
Ph5 Key Biscayne Corp
Seller's Agent
Victor Florencio Sanchez
Ocean Club Realty, Inc.
Buyer's Agent
Victor Florencio Sanchez
Ocean Club Realty, Inc.
Sold Price
$11,000
Current Estimated Value
$2,124,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,113,235
Avg. Annual Appreciation
9.18%

Purchase Details

Closed on
Dec 28, 2005
Sold by
Pasatiempo Pictures Inc
Bought by
Sinclair Andres R and Sinclair Paula M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 15, 1997
Sold by
Key Biscayne Ocean Club Ltd and Partnership[
Bought by
G U Z Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
7.43%
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 Type Sale Price Title Company
Warranty Deed $2,060,000 None Listed On Document
Warranty Deed $2,060,000 None Listed On Document
Warranty Deed $1,300,000 --
Deed $460,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $150,000 Credit Line Revolving
Previous Owner $650,000 Fannie Mae Freddie Mac
Previous Owner $850,000 New Conventional
Previous Owner $276,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Rented $11,000 -8.3% --
04/05/2025 04/05/25 Under Contract -- -- --
03/25/2025 03/25/25 For Rent $12,000 0.0% --
03/21/2025 03/21/25 Sold $2,060,000 -9.3% $1,000 / Sq Ft
02/14/2025 02/14/25 Pending -- -- --
01/23/2025 01/23/25 For Sale $2,270,000 -- $1,102 / 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 $15,873 $1,074,369 -- --
2024 $15,642 $1,044,091 -- --
2023 $15,642 $1,013,681 $0 $0
2022 $15,212 $984,157 $0 $0
2021 $15,278 $955,493 $0 $0
2020 $14,910 $942,301 $0 $0
2019 $14,597 $921,116 $0 $0
2018 $13,845 $903,942 $0 $0
2017 $13,669 $885,350 $0 $0
2016 $13,695 $867,141 $0 $0
2015 $13,898 $861,114 $0 $0
2014 $14,108 $854,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11729693

MIAMI REALTORS® MLS

APN: 24-5205-050-0220