$1,775,000
SOLD AUG 23, 2023
2 Beds
2.5 Baths
2,060 Sq Ft
$1,381/mo HOA Fee

Recently Sold

$862 Per Sq Ft

11% Below List Price

144 Days on Market

Highlights

  • Property has ocean access
  • Fitness Center
  • Sitting Area In Primary Bedroom
  • Key Biscayne K-8 Center Rated A-
  • Intercom to Front Desk
  • 4-minute walk to Lake Park

About This Home

As of August 2023

Unique opportunity to own a light-filled and spacious 2-bedroom unit with south-west exposure at The Ocean Club's Lake Villa III. This unit features 2,060 sqft, 2 bedrooms, 2 1/2 baths, spacious living/dining room that opens up to a large outdoor entertaining area, bright kitchen with breakfast area, new tile floors and 2 balconies overlooking The Ocean Club's lakes and gardens. The Ocean Club provides luxurious resort-style living including adult and family pools, oceanfront restaurants, fitness center, spa, salon, kids and teen playrooms, kids outdoor playground, 7 Har-Tru tennis courts and (coming soon) 3 padel courts.

Last Agent to Sell the Property

Lucia Marin

One Sotheby's International Realty License #3300654 Listed on: 03/16/2023

One Sotheby's International Realty

Last Buyer's Agent

Geane Brito

Compass Florida, LLC. License #3248757

Compass Florida, LLC.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,587

Year Built

  • Built in 1998 | Remodeled

Lot Details

  • Waterfront
  • South Facing Home

HOA Fees

  • $1,381 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Lake
  • Garden

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,060 Sq Ft Home
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Great Room
  • Combination Dining and Living Room
  • Storage Room
  • Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • Closet Cabinetry
  • Bidet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access
  • Balcony

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-057-0310

Community Details

Overview

  • 124 Units
  • Club Membership Required
  • Lake Villa Three Condos
  • The Ocean Club Subdivision
  • 5-Story Property

Amenities

  • Sauna
  • Trash Chute
  • Clubhouse
  • Business Center
  • Community Library
  • Intercom to Front Desk
  • Secure Lobby
  • Bike Room
  • Community Storage Space

Recreation

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

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $4,078

Security

  • Secure Elevator
  • Complete Panel Shutters or Awnings
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,587

Year Built

Built in 1998 | Remodeled

Lot Details

0

HOA Fees

$1,381 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1998
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: Once you arrive on Key Biscayne, drive south on Crandon Blvd and turn left (east) on the corner of Crandon Blvd & West Mashta Drive (the 2nd or South Ocean Club security gate).
  • Entry Level: 4
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: The Ocean Club
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Closet Cabinetry, Entrance Foyer, Great Room, Storage
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Foyer
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 2060
  • Possible Use: Unknown/Withheld
  • Stories: 5
  • Window Features: Complete Panel Shutters/Awnings, Hurricane Shutters, Blinds, Drapes
  • Bedroom Features: Entry Level, Sitting Area - Primary Bedroom
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Living Room Features: Great Room, Storage Room
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Garden View, Lake
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Lake Villa Three
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Elevator Secure, Intercom In Lobby, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 4142
  • Amenities: Basketball Court, Bike Storage, Business Center, Clubhouse-Clubroom, Exercise Room, Storage, Heated Pool, Library, Child Play Area, Pool, Sauna, Spa/Hot Tub, Tennis Court(s), Trash Chute
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-057-0310
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 4078
  • Number Of Units In Community: 124

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 15587

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Aug 23, 2023
Sold by
Keith R Grabel Revocable Trust and Mary M Grabel Revocable Trust
Bought by
Zerarka Sabine
Seller's Agent
Geane Brito
Compass Florida, LLC.
Buyer's Agent
Geane Brito
Compass Florida, LLC.
Sold Price
$8,250
Views
4
Current Estimated Value
$2,177,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,169,216
Avg. Annual Appreciation
12.09%

Purchase Details

Closed on
Oct 25, 2013
Sold by
Grable Keith and Grabel Mary
Bought by
Grabel Keith R and Grabel Mary M

Purchase Details

Listed on
Feb 4, 2010
Closed on
Aug 23, 2012
Sold by
Lei Monica
Bought by
Grabel Keith and Grabel Mary
Seller's Agent
Jacqueline Gallardo
One Sotheby's International Realty
Buyer's Agent
Carol Fleisher
One Sotheby's International Realty
List Price
$1,165,000
Sold Price
$1,165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.03%
Original Mortgage
$500,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2001
Sold by
Jean F Fille M and Jean Maria L
Bought by
Lei Monica

Purchase Details

Closed on
Dec 26, 2000
Sold by
Rolan Holdings Inc
Bought by
Fille Jean F and Fille Maria L

Purchase Details

Closed on
Jan 20, 1999
Sold by
Key Biscayne Ocean Club Ltd
Bought by
Rolan Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Interest Rate
6.71%
Mortgage Type
New Conventional
Source: Public Records

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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 $1,775,000 South Florida Title Group
Interfamily Deed Transfer -- Attorney
Warranty Deed $1,165,000 Union Title Services Inc
Warranty Deed $620,000 --
Warranty Deed $554,700 --
Deed $435,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 New Conventional
Previous Owner $340,000 New Conventional
Previous Owner $326,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Rented $8,250 -2.9% --
08/25/2023 08/25/23 For Rent $8,500 0.0% --
08/23/2023 08/23/23 Sold $1,775,000 -6.3% $862 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
06/20/2023 06/20/23 Price Changed $1,895,000 -5.0% $920 / Sq Ft
03/16/2023 03/16/23 For Sale $1,995,000 +71.2% $968 / Sq Ft
08/23/2012 08/23/12 Sold $1,165,000 0.0% $566 / Sq Ft
07/06/2012 07/06/12 Pending -- -- --
02/03/2010 02/03/10 For Sale $1,165,000 -- $566 / 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
2024 $24,139 $1,548,960 -- --
2023 $24,139 $1,548,960 $0 $0
2022 $15,587 $968,100 $0 $0
2021 $15,375 $922,000 $0 $0
2020 $15,223 $922,000 $0 $0
2019 $15,260 $922,000 $0 $0
2018 $16,640 $1,039,018 $0 $0
2017 $15,512 $960,275 $0 $0
2016 $18,681 $1,129,735 $0 $0
2015 $18,536 $1,096,830 $0 $0
2014 $17,563 $1,015,575 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11357960

MIAMI REALTORS® MLS

APN: 24-5205-057-0310