NOT LISTED FOR SALE

Estimated Value: $2,778,000 - $3,527,000

3 Beds
3 Baths
2,602 Sq Ft
$938/mo HOA Fee

Last Sold August 31, 2021

Last sale price $1,837,500 $706 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $19,700/month

77 Days on Market

Highlights

  • Lake Front
  • Fitness Center
  • Marble Flooring
  • Key Biscayne K-8 Center Rated A-
  • Clubhouse
  • 1-minute walk to Beach Park

About This Home

As of August 2021

Elegant and inviting spacious 3 Bedroom plus Staff unit at Ocean Club’s Lake Tower, with wonderful open views of the lake and tropical palms. It’s move in ready and very well maintained with new appliances, new marble and wood floors, upgraded kitchen and bathroom details and more! Just steps from the beach. Experience exclusive island living at the Ocean Club, a luxurious resort with world class amenities including restaurants, pools, tennis club, gym, spa, 24 hours security.

Last Listed By

Claudine Coto

One Sotheby's International Realty License #3223767 Listed on: 05/25/2021

One Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,417

Year Built

  • Built in 2002

HOA Fees

  • $938 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Guest Parking

Property Views

  • Garden

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,602 Sq Ft Home
  • Entrance Foyer
  • Formal Dining Room

Kitchen

  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-068-0580

Community Details

Overview

  • Club Membership Required
  • Mid-Rise Condominium
  • Lake Tower Condo
  • Lake Tower Condo,The Ocean Club Subdivision
  • 7-Story Property

Amenities

  • Trash Chute
  • Clubhouse
  • Community Center
  • Party Room
  • Bike Room
  • Elevator

Recreation

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $1,832

Security

  • Security Service
  • Secure Elevator
  • Complex Is Fenced
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,417

Year Built

Built in 2002

Lot Details

0

HOA Fees

$938 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Condominium
  • Entry Level: 4
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Co-Op 5+ Stories, Condo
  • Subdivision Name: LAKE TOWER CONDO,The Ocean Club
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Washer
  • Interior Amenities: Closet Cabinetry, Elevator, Fire Sprinklers, Entrance Foyer, Split Bedroom
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Foyer
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 2602
  • Possible Use: Unknown/Withheld
  • Stories: 7
  • Bedroom Features: Entry Level
  • Dining Room Features: Formal Dining
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Garden View, Lake
  • Exterior Features: Other, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: 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, Guest

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Complex Fenced, Elevator Secure, Security Patrol

Condo/Co-op/Association

  • Association Fee: 938
  • Amenities: Bike Storage, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Pool, Tennis Court(s), Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-068-0580
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 1832

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 20417

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
Aug 31, 2021
Sold by
Pamich Alessandro Sennen and De Guadalupe Hedo
Bought by
Teijeiro Alvaro Tomas
Seller's Agent
Claudine Coto
One Sotheby's International Realty
Buyer's Agent
Gustavo Gambino
Gambino Real Estate Corp.
List Price
$1,950,000
Sold Price
$1,837,500
Premium/Discount to List
-$112,500
-5.77%
Total Days on Market
77
Current Estimated Value
$2,977,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,140,189
Avg. Annual Appreciation
12.59%

Purchase Details

Listed on
Apr 6, 2015
Closed on
Sep 8, 2015
Sold by
V Angel V Inc
Bought by
Pamich Alessandro Sennen and Ortega Maria De Guadalupe Hedo
Seller's Agent
Lida Juliao
Cervera Real Estate Inc.
Buyer's Agent
Brigid Prio
BHHS EWM Realty
List Price
$2,070,000
Sold Price
$1,800,000
Premium/Discount to List
-$270,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.35%

Purchase Details

Closed on
Jul 14, 2003
Sold by
Aquaspa Holdings Ltd
Bought by
V Angel V Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
5.16%
Mortgage Type
Purchase Money Mortgage

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
Teijeiro Alvaro Tomas $1,837,500 Attorney
Pamich Alessandro Sennen $1,800,000 Attorney
V Angel V Inc $815,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner V Angel V Inc $630,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $1,837,500 -3.0% $706 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
06/29/2021 06/29/21 Price Changed $1,895,000 -2.8% $728 / Sq Ft
05/25/2021 05/25/21 For Sale $1,950,000 0.0% $749 / Sq Ft
07/15/2020 07/15/20 Rented $7,600 -7.3% --
05/05/2020 05/05/20 For Rent $8,200 +7.9% --
05/01/2019 05/01/19 Rented $7,600 -7.3% --
01/11/2019 01/11/19 For Rent $8,200 0.0% --
09/08/2015 09/08/15 Sold $1,800,000 -13.0% $692 / Sq Ft
04/06/2015 04/06/15 For Sale $2,070,000 -- $796 / 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 $25,144 $2,083,646 -- --
2023 $25,144 $1,564,299 $0 $0
2022 $22,801 $1,422,090 $0 $0
2021 $20,552 $1,236,600 $0 $0
2020 $20,417 $1,236,600 $0 $0
2019 $22,556 $1,402,000 $0 $0
2018 $23,596 $1,512,812 $0 $0
2017 $23,303 $1,481,697 $0 $0
2016 $23,857 $1,481,697 $0 $0
2015 $25,598 $1,436,076 $0 $0
2014 $23,334 $1,305,524 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11047367

MIAMI REALTORS® MLS

APN: 24-5205-068-0580