$660,000
SOLD JUN 20, 2025
2 Beds
2 Baths
1,105 Sq Ft
$1,287/mo HOA Fee

Recently Sold

$597 Per Sq Ft

5% Below List Price

127 Days on Market

Highlights

  • Community Pool
  • Community Center
  • Complete Accordion Shutters
  • Key Biscayne K-8 Center Rated A-
  • Balcony
  • Walk-In Closet

About This Home

As of June 2025

New Listing – Exceptional Value in Key Biscayne! This bright 2 bedroom and 2 bathrooms unit offers a great investment opportunity with a smart split floor plan, perfect for both living or renting for investment. Ideally located just steps from the shopping center and the beach, it provides unmatched convenience and a desirable lifestyle. The unit features a spacious walk-in closets on both bedrooms, in-unit washer and dryer, hurricane shutters, and one assigned parking space. Situated in a boutique building with only 48 units, this is a rare find in Key Biscayne at an incredible price. Schedule your showing today!

Last Agent to Sell the Property

Jose Jimenez

Semsch Realty License #0678560 Listed on: 02/13/2025

Co-Listed By

Alyeska Semsch

Semsch Realty License #0635551

Last Buyer's Agent

Martina San Miguel

Universal Fidelity Group License #3114129

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,960

Year Built

  • Built in 1974

HOA Fees

  • $1,287 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,105 Sq Ft Home
  • Vertical Blinds
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Property Views

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-064-0130

Community Details

Overview

  • 48 Units
  • Mid-Rise Condominium
  • The Palms Of Key Biscayne Condos
  • The Palms Of Key Biscayne Subdivision
  • 11-Story Property

Amenities

  • Trash Chute
  • Community Center
  • Party Room
  • Secure Lobby

Recreation

  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Secure Elevator
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,960

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,287 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: ARSE01
  • Co List Office Phone: 786-326-7655
  • Entry Level: 4
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE PALMS OF KEY BISCAYNE
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: First Floor Entry, Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1105
  • Possible Use: Unknown/Withheld
  • Stories: 11
  • Window Features: Complete Accordian Shutters, Hurricane Shutters, Verticals
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

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

Garage/Parking

  • Park Building Name: The Palms of Key Biscayne
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned

Utilities

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

Condo/Co-op/Association

  • Association Fee: 1287
  • Amenities: Community Room, Elevator(s), Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Lot Info

  • Parcel Number: 24-42-32-064-0130

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 48
  • Number Of Units Total: 48

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7960

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2025
Closed on
Jun 19, 2025
Sold by
Palms 4C Llc
Bought by
French Entertainment Ii Llc
Seller's Agent
Jose Jimenez
Semsch Realty
Buyer's Agent
Martina San Miguel
Universal Fidelity Group
List Price
$695,000
Sold Price
$660,000
Premium/Discount to List
-$35,000
-5.04%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.10%
Original Mortgage
$396,000
Outstanding Balance
$396,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$297,516

Purchase Details

Closed on
May 10, 2017
Sold by
Moreira Domingo and Moreira Brenda
Bought by
Mendia Enrique

Purchase Details

Closed on
Dec 30, 2013
Sold by
Maurette Luis E
Bought by
The Palms 4C Llc

Purchase Details

Closed on
Dec 5, 2001
Sold by
Maurette Luis E
Bought by
Maurette Luis E
Source: Public Records

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Range of Values:

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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 $660,000 None Listed On Document
Warranty Deed $660,000 None Listed On Document
Warranty Deed $1,500,000 Attorney
Warranty Deed -- Attorney
Quit Claim Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $396,000 New Conventional
Closed $396,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Sold $660,000 -5.0% $597 / Sq Ft
02/13/2025 02/13/25 For Sale $695,000 -- $629 / 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
2025 $7,960 $529,364 -- --
2024 $7,262 $482,354 -- --
2023 $7,262 $438,504 $0 $0
2022 $6,538 $398,640 $0 $0
2021 $6,166 $362,400 $0 $0
2020 $6,139 $373,599 $0 $0
2019 $5,683 $352,000 $0 $0
2018 $4,997 $320,080 $0 $0
2017 $4,496 $278,330 $0 $0
2016 $4,602 $278,330 $0 $0
2015 $4,704 $278,330 $0 $0
2014 $4,584 $265,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11726653

MIAMI REALTORS® MLS

APN: 24-4232-064-0130