$4,710,000
SOLD JUN 10, 2024
4 Beds
5.5 Baths
3,581 Sq Ft
$1,466/mo HOA Fee

Recently Sold

$1,315 Per Sq Ft

7% Below List Price

20 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 June 2024

SPECTACULAR apartment was completely remodeled with a unique interior design where elegance and good taste stand out. It is located in a prestigious residential complex facing the sea, where you can enjoy restaurants, a gym, a spa, a hairdresser, meeting rooms, a playground, a tennis and paddle tennis court, 24-hour security, and unbeatable attention. The unit has ample space in an area of 3581 sqft. plus two oversized terraces, 4 bedrooms, a utility room, 5 1/2 bathrooms, a laundry area, spaces designed for storage, and an Italian kitchen with top-of-the-line appliances. Furniture is negotiable. Ready to move in!!! Just knowing it is living the luxury that this unit and the Ocean Club offers you.

Last Agent to Sell the Property

Maria Irazabal

LMFC Realty, LLC License #3291376 Listed on: 04/15/2024

Last Buyer's Agent

Isabel Dohse

Compass Florida, LLC License #3258548

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $56,095

Year Built

  • Built in 2001

HOA Fees

  • $1,466 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Converted Garage
  • Assigned Parking

Property Views

Home Design

  • Condo Hotel
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,581 Sq Ft Home
  • Family Room
  • Formal Dining Room
  • Marble Flooring
  • Intercom Access

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Free-Standing Freezer
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Closet Cabinetry
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Restricted saltwater access

Utilities

  • Cooling Available
  • No Heating
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Ocean Front

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-064-0860

Community Details

Overview

  • Club Membership Required
  • Ocean Tower Condos
  • Ocean Tower Two Condo Subdivision
  • 16-Story Property

Amenities

  • Clubhouse
  • Business Center
  • Community Center
  • Party Room
  • Bar or Lounge
  • Intercom to Front Desk
  • Bike Room
  • Elevator

Recreation

  • Community Basketball Court
  • Community Playground
  • Community Cabanas
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $9,960

Security

  • Private Guards
  • Security Guard
  • Card or Code Access
  • Secure Elevator
  • Complex Is Fenced
  • Complete Panel Shutters or Awnings
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$56,095

Year Built

Built in 2001

Lot Details

0

HOA Fees

$1,466 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Condominium
  • Entry Level: 4
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Restricted Salt Water Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCEAN TOWER TWO CONDO
  • Year Built Details: Condo-Hotel
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Free-Standing Freezer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Lobby, Bar, Closet Cabinetry, Cooking Island, Elevator, Family Room, Garage Converted
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 3581
  • Other Equipment: Intercom
  • Possible Use: Primary
  • Stories: 16
  • Window Features: Complete Panel Shutters/Awnings
  • Bedroom Features: Other
  • Dining Room Features: Breakfast Area, Formal Dining, Kitchen Dining
  • Living Room Features: Family Room, Garage Converted
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • View: Ocean View, Pool Area View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: OCEAN TOWER
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Security: Smoke Detector, Complex Fenced, Elevator Secure, Card Entry, Guard At Site, Intercom In Lobby, Private Guards

Condo/Co-op/Association

  • Association Fee: 4399
  • Amenities: Bar, Basketball Court, Bike Storage, Business Center, Cabana, Child Play Area, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-064-0860
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 9960

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 56095

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Jun 10, 2024
Sold by
Rodriguez Adria Maria and Ocean 407 Trust
Bought by
Fortuna Deoliveira Norton and Fortuna Flavia A
Seller's Agent
Maria Irazabal
LMFC Realty, LLC
Buyer's Agent
Isabel Dohse
Compass Florida, LLC
List Price
$5,050,000
Sold Price
$4,710,000
Premium/Discount to List
-$340,000
-6.73%
Total Days on Market
20
Views
51
Current Estimated Value
$4,907,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,602
Avg. Annual Appreciation
4.28%

Purchase Details

Closed on
Dec 20, 2023
Sold by
Ocean 407 Trust
Bought by
Ocean 407 Trust and Rodriguez

Purchase Details

Listed on
Jun 6, 2021
Closed on
Aug 23, 2021
Sold by
Ocean 407 Llc
Bought by
Hernandez Andres and The Ocean 407 Trust
Seller's Agent
Carol Argibay Parra
Doral Realty Corp
Buyer's Agent
Maria Irazabal
LMFC Realty, LLC
List Price
$4,460,000
Sold Price
$4,250,000
Premium/Discount to List
-$210,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.88%
Original Mortgage
$2,762,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2013
Sold by
Pena Constantino and Pena Barbara G
Bought by
Ocean 07 Llc

Purchase Details

Closed on
May 2, 2005
Sold by
A N Ocean Tower Corp
Bought by
Pena Constantino and Pena Barbara G

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
5.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 14, 2001
Sold by
Key Biscayne Ocean Club Lp
Bought by
A N Ocean Tower Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.98%
Mortgage Type
New Conventional
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 $4,710,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $4,250,000 Attorney
Warranty Deed $2,840,000 Attorney
Warranty Deed $1,990,000 --
Deed $1,150,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,762,500 New Conventional
Previous Owner $1,000,000 Fannie Mae Freddie Mac
Previous Owner $1,000,000 Credit Line Revolving
Previous Owner $460,000 New Conventional
Closed $791,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2024 06/10/24 Sold $4,710,000 -6.7% $1,315 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $5,050,000 +18.8% $1,410 / Sq Ft
08/23/2021 08/23/21 Sold $4,250,000 -4.7% $1,187 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $4,460,000 -- $1,245 / 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
2024 $56,095 $4,116,236 -- --
2023 $56,095 $3,468,960 $0 $0
2022 $50,317 $3,153,600 $0 $0
2021 $32,637 $1,971,000 $0 $0
2020 $32,542 $1,971,000 $0 $0
2019 $32,623 $1,971,000 $0 $0
2018 $38,505 $2,404,219 $0 $0
2017 $49,793 $3,082,332 $0 $0
2016 $50,968 $3,082,332 $0 $0
2015 $49,143 $2,907,860 $0 $0
2014 $45,716 $2,643,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11569824

MIAMI REALTORS® MLS

APN: 24-5205-064-0860