NOT LISTED FOR SALE

Lake Tower 765 Crandon Blvd Unit 505 Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood

Estimated Value: $2,890,797 - $3,083,000

3 Beds
3 Baths
2,602 Sq Ft
$1,014/mo HOA Fee

Last Sold January 30, 2023

Last sale price $2,750,000 $1,057 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $19,428/month

214 Days on Market

Highlights

  • Doorman
  • Property Fronts a Bay or Harbor
  • Sitting Area In Primary Bedroom
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • 1-minute walk to Beach Park

About This Home

As of January 2023

Elegant and inviting spacious home in desirable Lake Tower at The Ocean Club. The residence features 3 bedrooms, 3 bathrooms, marble floors through out, two large terraces with beautiful open views of the lake, tropical palm trees and Miami Skyline. Custom Snaidero kitchen with Miele appliances, Italian made wall units, Ornare closets and laundry room. Private elevator foyer, 24h concierge services with on-site manager, valet parking, 2 designated parking spaces, secured air conditioned bike and storage room. The Ocean Club provides Luxurious island living with Resort style amenities including pools, fitness center, spa & beauty salon, multiple restaurants, children’s playground, youth center, eight lighted tennis courts, beach access with waiter/chair/ umbrella service and 24/7 security.

Last Listed By

Paula Barreto Brook

BHHS EWM Realty License #3257320 Listed on: 05/13/2022

BHHS EWM Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,297

Year Built

  • Built in 2002 | Remodeled

Lot Details

  • Property Fronts a Bay or Harbor
  • North Facing Home

HOA Fees

  • $1,014 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Home Design

  • Elevated Home
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,602 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
  • Sitting Area In Primary Bedroom
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • 3 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
  • Energy-Efficient Appliances
  • Balcony

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-068-0230

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
  • Secure Lobby
  • Bike Room
  • Community Storage Space
  • Elevator

Recreation

  • Community Basketball Court
  • Community Playground
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $6,403

Security

  • Security Guard
  • Complex Is Fenced
  • Complete Accordion Shutters
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$19,297

Year Built

Built in 2002 | Remodeled

Lot Details

0

HOA Fees

$1,014 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Condominium
  • Co List Office Mls Id: EWM 08
  • Co List Office Phone: 305-361-5600
  • 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: 5
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: LAKE TOWER CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Built-in Features, Closet Cabinetry, Elevator, Fire Sprinklers, Laundry Tub, Other, Split Bedroom
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 2602
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 7
  • Window Features: Complete Accordian Shutters, Blinds
  • Bedroom Features: Entry Level, Sitting Area - Primary Bedroom
  • 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, Elevated Construction
  • Direction Faces: North
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • 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, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 3042
  • 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, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 24-52-05-068-0230
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Efficiency: Appliances

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 6403

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 19297

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Jan 30, 2023
Sold by
Brook Eric N and Brook Paula B
Bought by
765 Crandon Unit 505 Llc
Seller's Agent
Paula Barreto Brook
BHHS EWM Realty
Buyer's Agent
Ingo Viehweg
BHHS EWM Realty
List Price
$2,997,000
Sold Price
$2,750,000
Premium/Discount to List
-$247,000
-8.24%
Total Days on Market
214
Views
3
Current Estimated Value
$2,994,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,949
Avg. Annual Appreciation
1.84%
Original Mortgage
$2,062,500
Outstanding Balance
$1,998,761
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$869,430

Purchase Details

Closed on
May 30, 2007
Sold by
Hanson Thomas M and Hanson Jane S
Bought by
Brook Eric N and Brook Paula B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2004
Sold by
Hanson Jane S
Bought by
Hanson Thomas M and Hanson Jane S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,700
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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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
765 Crandon Unit 505 Llc $2,750,000 --
Brook Eric N $1,720,000 Attorney
Hanson Thomas M $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 765 Crandon Unit 505 Llc $2,062,500
Previous Owner Brook Eric N $1,200,000
Previous Owner Brook Eric N $300,000
Previous Owner Brook Eric N $800,000
Previous Owner Brook Eric N $1,000,000
Previous Owner Hanson Thomas M $504,700
Previous Owner Hanson Jane S $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2023 01/30/23 Sold $2,750,000 -8.2% $1,057 / Sq Ft
12/14/2022 12/14/22 Pending -- -- --
09/05/2022 09/05/22 For Sale $2,997,000 0.0% $1,152 / Sq Ft
09/04/2022 09/04/22 Off Market $2,997,000 -- --
07/05/2022 07/05/22 Price Changed $2,997,000 -6.3% $1,152 / Sq Ft
06/27/2022 06/27/22 For Sale $3,197,000 0.0% $1,229 / Sq Ft
06/01/2022 06/01/22 Off Market $3,197,000 -- --
05/13/2022 05/13/22 For Sale $3,197,000 -- $1,229 / 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 $19,796 $2,124,591 -- --
2023 $19,796 $1,272,788 $0 $0
2022 $19,210 $1,235,717 $0 $0
2021 $19,297 $1,199,726 $0 $0
2020 $18,887 $1,183,162 $0 $0
2019 $18,494 $1,156,562 $0 $0
2018 $17,545 $1,134,998 $0 $0
2017 $17,325 $1,111,654 $0 $0
2016 $17,360 $1,088,790 $0 $0
2015 $17,618 $1,081,222 $0 $0
2014 $17,884 $1,072,641 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Paula Barreto Brook

    BHHS EWM Realty

    (305) 915-6101

    2 in this area

    2 Total Sales

    Paula Barreto Brook
    Section Image
  • Elena Chacon

    Seller Co-Listing Agent in 2023

    Elena Chacon

    BHHS EWM Realty

    (305) 606-5700

    36 in this area

    60 Total Sales

    Elena Chacon
    Section Image
  • Ingo Viehweg

    Buyer's Agent in 2023

    Ingo Viehweg

    BHHS EWM Realty

    (305) 342-9505

    5 in this area

    15 Total Sales

    Ingo Viehweg
    Section Image
See All Agents

About Lake Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11204263

MIAMI REALTORS® MLS

APN: 24-5205-068-0230

Florida Miami/Dade County Key Biscayne 33149 Village of Key Biscayne

765 Crandon Blvd Unit 505, Key Biscayne, FL

Homes for Sale in Key Biscayne, FL

This home is located at 765 Crandon Blvd Unit 505, Key Biscayne, FL 33149 since 13 May 2022 and is currently estimated at $2,994,949, approximately $1,151 per square foot. This property was built in 2002. 765 Crandon Blvd Unit 505 is a home located in Miami-Dade County with nearby schools including Key Biscayne K-8 Center, Ponce de Leon Middle School, and Coral Gables Senior High School.

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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