NOT LISTED FOR SALE

Estimated Value: $5,498,000 - $6,350,791

4 Beds
5.5 Baths
5,207 Sq Ft
$938/mo HOA Fee

Last Sold March 15, 2021

Last sale price $3,700,000 $711 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $39,812/month

211 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Sitting Area In Primary Bedroom
  • Key Biscayne K-8 Center Rated A-
  • Private Guards
  • 1-minute walk to Beach Park

About This Home

As of March 2021

"Island Paradise" Living at its best! This Direct Ocean Front, 4 bdrm 5.5 bath + home office, staff rm condo w/(4) Garage Spaces is all you need when living in the most desirable and sought after "08" line at Ocean Tower II. Residence offers private concierge service, wine/fur storage, private gym & club room. Walk out of the elevator into a grand foyer that leads to the large living room with spectacular resort & water views. Building has state of the art amenities to include building concierge, gym, pool, and valet service. The Ocean Club offers Resort living amenities; Tennis Center, community gym, spa, multiple restaurants, 24/7 security, and lots more. Resort Style living at its best! Just steps away to the Beach and from your on-site Real Estate office, Ocean Club Realty, Inc..

Last Agent to Sell the Property

Lourdes Lorenzo Luaces

Ocean Club Realty, Inc. License #3467479 Listed on: 06/20/2020

Last Buyer's Agent

Audrey Ross, Ph.D

Compass Florida LLC License #3391913

Compass Florida LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $62,515

Year Built

  • Built in 2001

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $938 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Secured Garage or Parking
  • Assigned Parking

Interior Spaces

  • 5,207 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Sliding Windows
  • Formal Dining Room
  • Den
  • Recreation Room
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Parquet
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom on Main
  • Maid or Guest Quarters
  • Bidet
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Schools

  • Keybiscayne Elementary School
  • Mast Academy High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Patio

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-064-0990

Community Details

Overview

  • 111 Units
  • Club Membership Required
  • High-Rise Condominium
  • The Ocean Club, Key Bisca Condos
  • Ocean Tower Two Condo,The Ocean Club Subdivision
  • 16-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Bike Room

Recreation

  • Community Basketball Court
  • Tennis Courts

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $4,284

Security

  • Private Guards
  • Security Guard
  • Secure Elevator
  • Complex Is Fenced
  • Walled
  • Clear Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$62,515

Year Built

Built in 2001

Lot Details

0

HOA Fees

$938 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCEAN TOWER TWO CONDO,The Ocean Club
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Den/Library/Office, Maid/In-Law Quarters, Recreation Room, Storage
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Carpet, Marble, Parquet, Wood
  • Furnished: Unfurnished
  • Living Area: 5207
  • Possible Use: Primary
  • Stories: 16
  • Window Features: Clear Impact Glass, Blinds, Impact Glass, Sliding
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Ground Level, Sitting Area - Master Bedroom
  • Dining Room Features: Eat-In Kitchen, Family/Dining Combination, Formal Dining
  • Living Room Features: Den/Library/Office, Maid/In-Law Quarters, Recreation Room, Storage Room
  • Master Bathroom Features: Bidet, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Direct Ocean
  • Exterior Features: Tennis Court(s)
  • Direction Faces: East
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: The Ocean Club, Key Bisca
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Parking Features: 2 Or More Spaces, Assigned, Valet, Limited # Of Vehicle

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Complex Fenced, Doorman, Elevator Secure, Secured Garage/Parking, Guard At Site, Private Guards, Walled

Condo/Co-op/Association

  • Association Fee: 938
  • Amenities: Basketball Court, Bike Storage
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy

Lot Info

  • Parcel Number: 24-52-05-064-0990
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 4284
  • Number Of Units In Community: 111
  • Number Of Units Total: 111

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 62515

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2021
Sold by
Lopez Nicole Scarpetta and Scarpetta Pedro Pablo
Bought by
Lopez Nicole Scarpetta and Lopez Pedro Pablo
Current Estimated Value
$5,952,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,590,000
Outstanding Balance
$2,365,271
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$3,840,684

Purchase Details

Listed on
Jun 20, 2020
Closed on
Mar 11, 2021
Sold by
Vegliante Carolyn and Powers Lauren
Bought by
Lopez Nicole Scarpetta and Scarpetta Pedro Pablo
Seller's Agent
Lourdes Lorenzo Luaces
Ocean Club Realty, Inc.
Buyer's Agent
Audrey Ross, Ph.D
Compass Florida LLC
List Price
$4,250,000
Sold Price
$3,700,000
Premium/Discount to List
-$550,000
-12.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.88%

Purchase Details

Closed on
Mar 18, 2012
Sold by
Barba J Brendan and Barba Linda
Bought by
Vegliante Carolyn and Powers Lauren

Purchase Details

Closed on
Mar 31, 2011
Sold by
Barba J Brendan and Barba Linda
Bought by
Barba J Brendan
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
Lopez Nicole Scarpetta -- Toma Title Group Inc
Lopez Nicole Scarpetta $3,700,000 Toma Title Group Inc
Vegliante Carolyn -- Attorney
Barba J Brendan -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Nicole Scarpetta $2,590,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2021 03/15/21 Sold $3,700,000 -7.5% $711 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
11/21/2020 11/21/20 Price Changed $4,000,000 -5.9% $768 / Sq Ft
06/18/2020 06/18/20 For Sale $4,250,000 0.0% $816 / Sq Ft
08/09/2017 08/09/17 Rented $12,000 -24.5% --
08/03/2017 08/03/17 Under Contract -- -- --
02/27/2017 02/27/17 For Rent $15,900 -6.5% --
06/08/2012 06/08/12 Rented $17,000 -10.5% --
05/09/2012 05/09/12 Under Contract -- -- --
12/07/2011 12/07/11 For Rent $19,000 -- --
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 $68,530 $4,460,584 -- --
2023 $68,530 $4,330,665 $0 $0
2022 $66,388 $4,204,530 $0 $0
2021 $63,101 $3,822,300 $0 $0
2020 $68,595 $4,154,700 $0 $0
2019 $62,515 $3,777,000 $0 $0
2018 $63,009 $3,934,244 $0 $0
2017 $74,770 $4,628,522 $0 $0
2016 $71,963 $4,239,345 $0 $0
2015 $71,645 $4,239,343 $0 $0
2014 $66,649 $3,853,949 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10879351

MIAMI REALTORS® MLS

APN: 24-5205-064-0990