$6,650,000
SOLD FEB 12, 2018
4 Beds
5.5 Baths
5,207 Sq Ft
$812/mo HOA Fee

Recently Sold

$1,277 Per Sq Ft

37% Below List Price

1,093 Days on Market

Highlights

  • Ocean Front
  • Community Cabanas
  • Fitness Center
  • Key Biscayne K-8 Center Rated A-
  • Bar or Lounge
  • 1-minute walk to Beach Park

About This Home

As of July 2020

One of a kind completely renovated "08" line 5,207 Sq. Ft. Direct oceanfront apartment. This impeccable unit features open living, dining and family room. Large master suite with private ocean balcony with an outdoor Asian Pergola hot tub. Elegant and sop histicated this residence has it ALL! View of the Ocean, South Beach and Downtown Skyline.

Last Agent to Sell the Property

Jacqueline Gallardo

One Sotheby's International Realty License #3165123 Listed on: 02/10/2015

One Sotheby's International Realty

Last Buyer's Agent

Claudine Coto

One Sotheby's International Realty License #3223767

One Sotheby's International Realty

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $100,809

Year Built

  • Built in 2001

Lot Details

  • Ocean Front
  • Property Fronts a Bay or Harbor

HOA Fees

  • $812 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Secured Garage or Parking

Property Views

Home Design

  • Entry on the 14th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,207 Sq Ft Home
  • Partially Furnished
  • Built-In Features
  • Bar
  • Ceiling Fan
  • Formal Dining Room
  • Marble Flooring
  • Fire and Smoke Detector
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Restricted saltwater access
  • Tennis Courts

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-064-1090

Community Details

Overview

  • Club Membership Required
  • High-Rise Condominium
  • Ocean Tower Two Condo
  • 18-Story Property

Amenities

  • Clubhouse
  • Bar or Lounge
  • Bike Room
  • Elevator

Recreation

  • Community Basketball Court
  • Community Cabanas
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

  • Maintenance Expense $3,298

Security

  • Security Service
  • Complex Is Fenced

Property Details

Home Type

Co-Op

Est. Annual Taxes

$100,809

Year Built

Built in 2001

Lot Details

0

HOA Fees

$812 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Stock Cooperative
  • Architectural Style: High Rise
  • Entry Level: 14
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access,Restricted Salt Water Access
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Co-Op 5+ Stories, Co-Op
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker
  • Interior Amenities: First Floor Entry, Bar, Built-in Features, Cooking Island, Elevator, Pantry, Walk-In Closet(s)
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble
  • Furnished: Partially Furnished
  • Living Area: 5207
  • Possible Use: Unknown/Withheld
  • Stories: 18
  • Window Features: Hurricane Shutters
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen, Formal Dining

Exterior Features

  • View: Bay, Ocean View, Direct Ocean
  • Exterior Features: Other, Tennis Court(s)
  • Construction Type: CBS Construction
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Ocean Tower Two Condo
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Parking Features: Covered

Utilities

  • Cooling: Ceiling Fan(s), Other
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Smoke Detector, Complex Fenced, Secured Garage/Parking, Security Patrol

Condo/Co-op/Association

  • Association Fee: 2436
  • Amenities: Bar, Basketball Court, Bike Storage, Cabana, Clubhouse-Clubroom, Elevator(s), Exercise Room, Pool, Private Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-064-1090
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Multi Family

  • Maintenance Expense: 3298

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 100809

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2019
Closed on
Jul 31, 2020
Sold by
Kittler James M
Bought by
Ocean Tower Two 1408 Llc
Seller's Agent
Claudine Coto
One Sotheby's International Realty
Buyer's Agent
Lorena Garcia Morillo
BHHS EWM Realty
List Price
$6,999,000
Sold Price
$6,650,000
Premium/Discount to List
-$349,000
-4.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.61%

Purchase Details

Listed on
Feb 10, 2015
Closed on
Feb 12, 2018
Sold by
Amd Property Of Miami Inc
Bought by
Kittler James M and Fountain Trust
Seller's Agent
Jacqueline Gallardo
One Sotheby's International Realty
Buyer's Agent
Claudine Coto
One Sotheby's International Realty
List Price
$10,500,000
Sold Price
$6,650,000
Premium/Discount to List
-$3,850,000
-36.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Oct 15, 2008
Sold by
Sandler Steven B and Sandler Toni R
Bought by
Amd Property Of Miami Inc

Purchase Details

Closed on
Jun 11, 2004
Sold by
The Ghella Corp
Bought by
Sandler Steven B and Sandler Toni R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,420,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2001
Sold by
Key Biscayne Ocean Club Lp
Bought by
Ghella Corp

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
6.85%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $6,650,000 Attorney
Warranty Deed $6,650,000 Attorney
Warranty Deed $6,950,000 Attorney
Warranty Deed $3,775,000 --
Deed $3,000,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,420,000 Purchase Money Mortgage
Previous Owner $1,000,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2025 09/30/25 For Sale $10,000,000 +50.4% $1,920 / Sq Ft
07/31/2020 07/31/20 Sold $6,650,000 -5.0% $1,277 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $6,999,000 +5.2% $1,344 / Sq Ft
04/15/2020 04/15/20 Off Market $6,650,000 -- --
06/03/2019 06/03/19 Price Changed $6,999,000 -5.4% $1,344 / Sq Ft
02/05/2019 02/05/19 For Sale $7,400,000 +11.3% $1,421 / Sq Ft
02/12/2018 02/12/18 Sold $6,650,000 -19.9% $1,277 / Sq Ft
02/08/2018 02/08/18 Pending -- -- --
10/26/2017 10/26/17 Price Changed $8,300,000 -7.3% $1,594 / Sq Ft
02/27/2017 02/27/17 Price Changed $8,950,000 -14.8% $1,719 / Sq Ft
02/10/2015 02/10/15 For Sale $10,500,000 -- $2,017 / 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 $107,808 $7,051,220 -- --
2024 $97,741 $6,744,645 -- --
2023 $97,741 $6,131,496 $0 $0
2022 $91,907 $5,770,820 $0 $0
2021 $86,532 $5,246,200 $0 $0
2020 $94,148 $5,702,400 $0 $0
2019 $85,802 $5,184,000 $0 $0
2018 $86,488 $5,400,284 $0 $0
2017 $101,439 $6,279,400 $0 $0
2016 $100,809 $6,096,505 $0 $0
2015 $97,199 $5,751,416 $0 $0
2014 $90,421 $5,228,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2070553

MIAMI REALTORS® MLS

APN: 24-5205-064-1090