NOT LISTED FOR SALE

Estimated Value: $739,615 - $885,000

2 Beds
2 Baths
1,123 Sq Ft
$1,252/mo HOA Fee

Last Sold January 10, 2025

Last sale price $790,000 $703 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,200/month

23 Days on Market

Highlights

  • Community Pool
  • Balcony
  • Views
  • Key Biscayne K-8 Center Rated A-
  • Walk-In Closet
  • Ceramic Tile Flooring

About This Home

As of January 2025

Renovated 9th floor unit, split floor plan which extends along the ocean facing the length of the Bldg. Very quiet and private unit without neighbors on either side. Galley kitchen with eat-in bar has wooden cabinets and granite counter tops . 3 sets of sliding doors are hurricane glass. Washer / dryer is in a
a separate laundry room . Includes one covered parking space. No assessments pending .
Can be shown at your convenience

Last Agent to Sell the Property

Joanne Earl

Fortune Christie's International Real Estate License #3099692 Listed on: 10/29/2024

Fortune Christie's International Real Estate

Last Buyer's Agent

Geysa Guarconi

Luft Realty License #3228220

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,014

Year Built

  • Built in 1974 | Remodeled

HOA Fees

  • $1,252 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 9th floor

Interior Spaces

  • 1,123 Sq Ft Home
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Dryer
  • Property Views

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-064-0400

Community Details

Overview

  • 48 Units
  • Mid-Rise Condominium
  • Palms Of Key Biscayne Con Condos
  • The Palms Of Key Biscayne Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 11-Story Property

Recreation

  • Community Pool

Pet Policy

  • Breed Restrictions

Additional Features

  • Secure Lobby
  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,014

Year Built

Built in 1974 | Remodeled

Lot Details

0

HOA Fees

$1,252 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 9
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: THE PALMS OF KEY BISCAYNE
  • Year Built Details: Newly Updated/Renovated
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1123
  • Possible Use: Unknown/Withheld
  • Stories: 11
  • Bedroom Features: Primary Bath Shower

Exterior Features

  • View: Other View
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Palms of Key Biscayne Con
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Elevator Secure, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1252
  • Amenities: Elevator(s), Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Lot Info

  • Parcel Number: 24-42-32-064-0400
  • ResoLotSizeUnits: SquareFeet

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: 2023
  • Tax Annual Amount: 8014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2024
Closed on
Jan 6, 2025
Sold by
Coverman Tina M
Bought by
Magban Investments Llc
Seller's Agent
Joanne Earl
Fortune Christie's International Real Estate
Buyer's Agent
Geysa Guarconi
Luft Realty
List Price
$799,000
Sold Price
$790,000
Premium/Discount to List
-$9,000
-1.13%
Views
12
Current Estimated Value
$798,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,404
Avg. Annual Appreciation
-0.77%

Purchase Details

Closed on
Jan 29, 2008
Sold by
Coverman Tina
Bought by
Coverman Tina and Coverman Tina M

Purchase Details

Closed on
Sep 1, 1994
Sold by
Michales Inge
Bought by
Michaels Inge
Source: Public Records

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
Magban Investments Llc $790,000 None Listed On Document
Magban Investments Llc $790,000 None Listed On Document
Coverman Tina -- Attorney
Michaels Inge -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold $790,000 -1.1% $703 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
10/29/2024 10/29/24 For Sale $799,000 -- $711 / 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 $8,786 $584,979 -- --
2024 $8,014 $533,065 -- --
2023 $8,014 $484,605 $0 $0
2022 $7,204 $440,550 $0 $0
2021 $6,793 $400,500 $0 $0
2020 $6,612 $400,500 $0 $0
2019 $6,990 $439,000 $0 $0
2018 $6,146 $399,465 $0 $0
2017 $5,469 $338,530 $0 $0
2016 $5,598 $338,530 $0 $0
2015 $5,476 $312,095 $0 $0
2014 $5,215 $283,723 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11683775

MIAMI REALTORS® MLS

APN: 24-4232-064-0400