NOT LISTED FOR SALE

Estimated Value: $402,000 - $543,374

2 Beds
2 Baths
1,506 Sq Ft
$2,107/mo HOA Fee

Last Sold June 20, 2024

Last sale price $390,000 $259 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,271/month

128 Days on Market

Highlights

  • Doorman
  • Property has ocean access
  • Property Fronts a Bay or Harbor
  • Marina
  • Dock Available
  • Fitness Center

About This Home

As of June 2024

Enjoy gorgeous direct views of Biscayne Bay from the south-facing balcony of this 2 bedroom, 2 bathroom condo at the Palm Bay Condominium. Nestled within an 8-acre gated community, this waterfront property offers a true oasis of tranquility. Immerse yourself in the lush surroundings of beautifully landscaped gardens or enjoy the resort-like amenities including a fitness center, sparkling pool, tennis & pickleball courts, marina, and more. There is 1 assigned, covered parking space & plenty of guest parking. Close to the airport & major highways. The condo price reflects the condition and allows you to renovate and make this special property your own. Don't miss this incredible opportunity to experience the best Miami has to offer. Seller needs to occupy the condo until August 20, 2024.

Last Agent to Sell the Property

Jennifer Brilliant

One Sotheby's International Realty License #3164801 Listed on: 01/21/2024

Last Buyer's Agent

Kiki Buckham

Compass Florida, LLC License #3279193

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,874

Year Built

  • Built in 1965

Lot Details

  • End Unit
  • South Facing Home

HOA Fees

  • $2,107 Monthly HOA Fees

Property Views

Home Design

  • Entry on the 7th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,506 Sq Ft Home
  • Combination Dining and Living Room
  • Tile Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Stacked Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Detached Carport Space
  • 1 Car Parking Space
  • Guest Parking

Outdoor Features

  • Property has ocean access
  • Property is near a marina
  • Dock Available
  • Exterior Lighting

Location

  • East of U.S. Route 1

Schools

  • Morningside Elementary School
  • Horace Mann Middle School
  • Miami Edison High School

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 01-32-18-045-0540

Community Details

Overview

  • 70 Units
  • Mid-Rise Condominium
  • Palm Bay Condominium Condos
  • Palm Bay Condominium Subdivision
  • 9-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Trash Chute
  • Laundry Facilities
  • Elevator

Recreation

  • Marina
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,874

Year Built

Built in 1965

Lot Details

0

HOA Fees

$2,107 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1965
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Carport Y N: Yes
  • Entry Level: 7
  • Road Frontage Type: Bay
  • Garage Yn: No
  • Horses: No
  • Inclusions: Dock Available,Other, Marina
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: PALM BAY CONDOMINIUM
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Stacked Bedroom
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1506
  • Possible Use: Primary
  • Stories: 9
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Bay, Intracoastal View, Water View
  • Exterior Features: East Of Us1, Exterior Cat Walk, Open Balcony, Tennis Court(s)
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: PALM BAY CONDOMINIUM
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: Detached Carport, 1 Space, Guest

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Laundry Features: Common Area
  • Security: Complex Fenced, Doorman, Guard At Site

Condo/Co-op/Association

  • Association Fee: 2107
  • Amenities: Barbecue, Laundry, Elevator(s), Exercise Room, Exterior Lighting, Marina, Pool, Spa/Hot Tub, Tennis Court(s), Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Morningside
  • High School: Miami Edison
  • Middle Or Junior School: Horace Mann

Lot Info

  • Parcel Number: 01-32-18-045-0540
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 70
  • Number Of Units Total: 70

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6874

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2024
Closed on
Jun 20, 2024
Sold by
Kilpatrick Brittany
Bought by
Acosta Oliver
Seller's Agent
Jennifer Brilliant
One Sotheby's International Realty
Buyer's Agent
Kiki Buckham
Compass Florida, LLC
List Price
$425,000
Sold Price
$390,000
Premium/Discount to List
-$35,000
-8.24%
Views
68
Current Estimated Value
$473,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,344
Avg. Annual Appreciation
15.68%
Original Mortgage
$273,000
Outstanding Balance
$269,563
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$203,781

Purchase Details

Closed on
Oct 28, 2011
Sold by
Diner Candace L
Bought by
Kilpatrick Brittany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2003
Sold by
Amort Laverne G
Bought by
Diner Candace L

Purchase Details

Closed on
Jul 26, 1996
Sold by
Janet R Atlas Tr
Bought by
Amort La Verne G

Purchase Details

Closed on
Jun 28, 1994
Sold by
Atlas Janet and Atlas Janet R
Bought by
Atlas Janet R
Source: Public Records

Range of Values:

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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
Acosta Oliver $390,000 Clear Title
Acosta Oliver $390,000 Clear Title
Kilpatrick Brittany $120,000 Clear Title Services Inc
Diner Candace L -- --
Amort La Verne G $100,000 --
Atlas Janet R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acosta Oliver $273,000
Closed Acosta Oliver $273,000
Previous Owner Kilpatrick Brittany $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2024 06/20/24 Sold $390,000 -8.2% $259 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
02/10/2024 02/10/24 For Sale $425,000 0.0% $282 / Sq Ft
04/14/2017 04/14/17 Rented $1,900 -5.0% --
04/11/2017 04/11/17 Under Contract -- -- --
03/29/2017 03/29/17 Price Changed $2,000 -13.0% $1 / Sq Ft
02/08/2017 02/08/17 For Rent $2,300 +35.3% --
02/01/2013 02/01/13 Rented $1,700 -10.5% --
01/02/2013 01/02/13 Under Contract -- -- --
01/14/2012 01/14/12 For Rent $1,900 -- --
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 $7,825 $396,042 -- --
2024 $6,874 $333,038 -- --
2023 $6,874 $302,762 $0 $0
2022 $6,322 $275,239 $0 $0
2021 $5,901 $250,218 $0 $0
2020 $5,601 $333,586 $0 $0
2019 $5,144 $308,876 $0 $0
2018 $4,751 $308,876 $0 $0
2017 $4,225 $170,903 $0 $0
2016 $4,048 $155,367 $0 $0
2015 $3,931 $141,243 $0 $0
2014 $3,517 $128,403 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11518383

MIAMI REALTORS® MLS

APN: 01-3218-045-0540