NOT LISTED FOR SALE

Lake Tower 765 Crandon Blvd Unit 301 Key Biscayne, FL 33149

Estimated Value: $2,719,000 - $3,999,000

3 Beds
4.5 Baths
3,112 Sq Ft
2002 Built

Sale Details

Date Sold: February 5, 2024

Last sale price $2,850,000 $916 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $22,103 / mo

134 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Lake View
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • 1-minute walk to Beach Park

About This Home

As of February 2024

Unique opportunity to own a 3,112 sqft unit at one of the The Ocean Club's full-service doorman buildings - Lake Tower. This unit features 3 bedrooms, 4 1/2 baths, living room, formal dining room, family room, a laundry room with a full bathroom and 2 balconies overlooking lakes, gardens and pools. The Ocean Club provides luxurious resort-style living including adult and family pools, oceanfront restaurants, fitness center, spa, salon, kids and teen playrooms, 7 Har-Tru tennis courts and padel courts.

Last Agent to Sell the Property

Lucia Marin

One Sotheby's International Realty License #3300654 Listed on: 08/21/2023

One Sotheby's International Realty

Last Buyer's Agent

Ingo Viehweg

BHHS EWM Realty License #3437648

BHHS EWM Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $28,940

Year Built

  • Built in 2002

Lot Details

  • Ocean Front
  • End Unit

HOA Fees

  • $1,359 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Property Views

  • Garden

Home Design

  • Entry on the 3rd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,112 Sq Ft Home
  • Built-In Features
  • Plantation Shutters
  • Family Room
  • Formal Dining Room
  • Den
  • Storage Room
  • Marble Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Bidet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access
  • Balcony

Schools

  • Keybiscayne Elementary School
  • Mast Academy High School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-068-0030

Community Details

Overview

  • Club Membership Required
  • Mid-Rise Community
  • The Ocean Club Key Bisca Condos
  • Lake Tower,The Ocean Club Key B Subdivision
  • 6-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sauna
  • Clubhouse
  • Lobby
  • Bike Room
  • Elevator

Recreation

  • Community Basketball Court
  • Community Playground

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $9,715

Security

  • Security Service
  • Secure Elevator
  • Complete Accordion Shutters
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$28,940

Year Built

Built in 2002

Lot Details

0 Sq Ft Lot

HOA Fees

$1,359 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • 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). Lake Tower will be on your 3rd left.
  • Entry Level: 3
  • 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,The Ocean Club Key B
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Lobby, Built-in Features, Closet Cabinetry, Elevator, Fire Sprinklers, Split Bedroom, Den/Library/Office, Family Room, Storage, Utility Room/Laundry
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 3112
  • Possible Use: Unknown/Withheld
  • Stories: 6
  • Window Features: Complete Accordian Shutters, Hurricane Shutters, Plantation Shutters
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Garden View, Lake, Pool Area View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: The Ocean Club Key Bisca
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Assigned, Covered, Valet

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Fire Sprinklers, Doorman, Elevator Secure, Security Patrol

Condo/Co-op/Association

  • Association Fee: 4078
  • Amenities: Basketball Court, Bike Storage, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Child Play Area, Pool, Sauna, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy

Lot Info

  • Parcel Number: 24-52-05-068-0030
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 28940

Multi Family

  • Maintenance Expense: 9715

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2023
Closed on
Feb 2, 2024
Sold by
Finstad Franco and Finstad Paula G
Bought by
Lippert Karl G
Seller's Agent
Lucia Marin
One Sotheby's International Realty
Buyer's Agent
Ingo Viehweg
BHHS EWM Realty
List Price
$3,095,000
Sold Price
$2,850,000
Premium/Discount to List
-$245,000
-7.92%
Views
75
Current Estimated Value
$3,319,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$469,109
Avg. Annual Appreciation
7.17%

Purchase Details

Closed on
Aug 13, 2014
Sold by
Palacio Lucilo R and Palacio Alejandra
Bought by
Finstad Franco and Arrojo Paula G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,662,500
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2011
Sold by
Shesmon Inc
Bought by
Palacio Lucilo R and Palacio Alejandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,143,750
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2002
Sold by
Key Biscayne Ocean Club
Bought by
Shesmon Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lippert Karl G $2,850,000 None Listed On Document
Finstad Franco $2,375,000 Attorney
Palacio Lucilo R $1,525,000 Attorney
Shesmon Inc $785,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Finstad Franco $1,662,500
Previous Owner Palacio Lucilo R $1,143,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2024 02/05/24 Sold $2,850,000 -4.9% $916 / Sq Ft
01/02/2024 01/02/24 Pending -- -- --
11/06/2023 11/06/23 Price Changed $2,997,500 -3.2% $963 / Sq Ft
08/21/2023 08/21/23 For Sale $3,095,000 0.0% $995 / Sq Ft
02/22/2021 02/22/21 Rented $8,500 -5.6% --
12/14/2020 12/14/20 For Rent $9,000 +18.4% --
02/01/2019 02/01/19 Rented $7,600 -10.6% --
01/08/2019 01/08/19 Under Contract -- -- --
12/26/2018 12/26/18 For Rent $8,500 +6.4% --
12/05/2017 12/05/17 Price Changed $7,990 +14.1% $3 / Sq Ft
12/01/2017 12/01/17 Rented $7,000 -15.2% --
09/20/2017 09/20/17 Price Changed $8,250 -8.3% $3 / Sq Ft
08/07/2017 08/07/17 Price Changed $9,000 -5.3% $3 / Sq Ft
05/12/2017 05/12/17 For Rent $9,500 -- --
Source: MIAMI REALTORS® MLS

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 $37,754 $2,422,342 -- --
2024 $31,993 $2,071,036 -- --
2023 $31,993 $1,882,760 $0 $0
2022 $28,940 $1,711,600 $0 $0
2021 $25,808 $1,556,000 $0 $0
2020 $32,113 $1,945,000 $0 $0
2019 $32,192 $1,945,000 $0 $0
2018 $31,785 $1,984,680 $0 $0
2017 $32,061 $1,984,680 $0 $0
2016 $32,818 $1,984,680 $0 $0
2015 $33,541 $1,984,680 $0 $0
2014 $22,038 $1,312,801 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lucia Marin

    Seller's Agent in 2024

    Lucia Marin

    One Sotheby's International Realty

    (786) 325-6800

    16 in this area

    20 Total Sales

    Lucia Marin
    Section Image
  • Ingo Viehweg

    Buyer's Agent in 2024

    Ingo Viehweg

    BHHS EWM Realty

    (305) 342-9505

    6 in this area

    15 Total Sales

    Ingo Viehweg
    Section Image
  • Joan McCaughan

    Buyer's Agent in 2021

    Joan McCaughan

    Coldwell Banker Realty

    (305) 775-8230

    36 in this area

    37 Total Sales

    Joan McCaughan
    Section Image

  • L

    Buyer's Agent in 2019

    Lina Sardinas

    Brilliance Realty Group

  • Valerie Hummel Leach

    Buyer's Agent in 2017

    Valerie Hummel Leach

    BHHS EWM Realty

    (305) 606-7050

    3 in this area

    3 Total Sales

    Valerie Hummel Leach
    Section Image
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About Lake Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11438535

MIAMI REALTORS® MLS

APN: 24-5205-068-0030

Florida Miami/Dade County Key Biscayne 33149

765 Crandon Blvd Unit 301, Key Biscayne, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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