NOT LISTED FOR SALE

Estimated Value: $3,070,996

3 Beds
4 Baths
3,091 Sq Ft
$3,216/mo HOA Fee

Last Sold March 29, 2023

Last sale price $2,705,000 $875 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $21,789/month

60 Days on Market

Highlights

  • Doorman
  • Lake Front
  • Home fronts a lagoon or estuary
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • 1-minute walk to Beach Park

About This Home

As of March 2023

Spacious and bright home in desirable Lake Tower at The Ocean Club. The residence features 3 bedrooms, 4 full bathrooms, marble floors, two large terraces with beautiful open Lake views. Large walk-in closets. Spacious laundry room has access to a full bath that also serves as the guest bathroom. Gourmet kitchen with granite counter tops, private elevator foyer, secured air-conditioned bike & storage room. The Ocean Club provides Luxurious Island living with Resort style amenities including beach access with umbrella service, heated pools, fitness center, spa & beauty salon, multiple restaurants, children’s playground, youth center, 8 tennis courts.

Last Listed By

Elena Chacon

BHHS EWM Realty Brokerage Phone: 305-606-5700 License #3268706 Listed on: 12/15/2022

BHHS EWM Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,129

Year Built

  • Built in 2002

Lot Details

  • Home fronts a lagoon or estuary
  • Lake Front
  • East Facing Home

HOA Fees

  • $3,216 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,091 Sq Ft Home
  • Built-In Features
  • Blinds
  • Formal Dining Room
  • Marble Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • 4 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Laundry Tub

Home Security

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Balcony

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-068-0320

Community Details

Overview

  • Club Membership Required
  • Mid-Rise Condominium
  • Lake Tower Condo
  • Lake Tower Condo Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 7-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Bike Room
  • Community Storage Space
  • Elevator

Recreation

  • Community Basketball Court
  • Community Playground
  • Community Spa
  • Tennis Courts

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $4,098

Security

  • Security Guard
  • Secure Elevator
  • Complex Is Fenced
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,129

Year Built

Built in 2002

Lot Details

0

HOA Fees

$3,216 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Directions: Enter the Ocean Club by the South Gate. After the second stop sign turn left and then left again on Lake Tower driveway.
  • Entry Level: 2
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: LAKE TOWER CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Attribution Contact: 305-606-5700
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Self Cleaning Oven
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Elevator, Fire Sprinklers, Laundry Tub, Other, Split Bedroom
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Flooring: Marble, Other
  • Furnished: Unfurnished
  • Living Area: 3091
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 7
  • Window Features: Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Bay, Lake, Skyline
  • Exterior Features: Open Balcony, Tennis Court(s)
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Lagoon, Lake
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: LAKE TOWER CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Covered, Valet, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub
  • Security: Fire Sprinklers, Fire Alarm, Complex Fenced, Doorman, Elevator Secure, Guard At Site

Condo/Co-op/Association

  • Association Fee: 9649
  • Amenities: Basketball Court, Bike Storage, Clubhouse-Clubroom, Laundry, Elevator(s), Exercise Room, Storage, Heated Pool, Child Play Area, Pool, Private Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 24-52-05-068-0320
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 4098

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 16129

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2022
Closed on
Mar 28, 2023
Sold by
Gracia Marisa
Bought by
Nishaka Llc
Seller's Agent
Elena Chacon
BHHS EWM Realty
Buyer's Agent
Mundita Suarez
Shelton and Stewart REALTORS
List Price
$2,850,000
Sold Price
$2,705,000
Premium/Discount to List
-$145,000
-5.09%
Total Days on Market
60
Views
23
Current Estimated Value
$3,070,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,996
Avg. Annual Appreciation
7.67%

Purchase Details

Closed on
Aug 5, 2004
Sold by
Rfg International Llc
Bought by
Gracia Eliberto J and Gracia Marisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.96%
Mortgage Type
Credit Line Revolving

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
Nishaka Llc $2,705,000 None Listed On Document
Gracia Eliberto J $960,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gracia Eliberto J $425,000
Previous Owner Gracia Eliberto J $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2023 03/29/23 Sold $2,705,000 -5.1% $875 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
12/15/2022 12/15/22 For Sale $2,850,000 -- $922 / 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 $16,592 $2,247,089 -- --
2023 $16,592 $1,073,627 $0 $0
2022 $16,129 $1,042,357 $0 $0
2021 $16,200 $1,011,998 $0 $0
2020 $15,822 $998,026 $0 $0
2019 $15,490 $975,588 $0 $0
2018 $14,693 $957,398 $0 $0
2017 $14,507 $937,707 $0 $0
2016 $14,535 $918,421 $0 $0
2015 $14,759 $912,037 $0 $0
2014 $14,982 $904,799 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11316284

MIAMI REALTORS® MLS

APN: 24-5205-068-0320