NOT LISTED FOR SALE

Ocean Tower Two 791 Crandon Blvd Unit 508 Key Biscayne, FL 33149

Estimated Value: $6,409,000 - $8,559,000

4 Beds
5.5 Baths
5,207 Sq Ft
2001 Built

Sale Details

Date Sold: May 12, 2023

Last sale price $9,250,000 $1,776 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $47,701 / mo

4 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Clubhouse
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • 1-minute walk to Beach Park

About This Home

As of May 2023

SUNRISES AND MOONRISES FOREVER . . . Sweeping views of beach from all main rooms of your 5,200 sq. ft. perfect beach house***Expansive living and dining rooms flow into oversize kitchen - family room combo for gracious entertaining. ?*** Separate library area *** Four Bedrooms en-suite plus staff quarters, oversize kitchen-family rm. Combo. ***It also includes a wine cellar and a Fur Storage Room. Ocean Club is a full service building with Valet and private Concierge service 'round the clock'. Make it your perfect home on the beach now! Totally remodeled recently by well known for its quality of work -Island Construction. A must see!

Last Agent to Sell the Property

Carlos Coto

One Sotheby's International Realty License #0165407 Listed on: 03/02/2023

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

  • Condominium

Est. Annual Taxes

  • $69,091

Year Built

  • Built in 2001

Lot Details

  • Ocean Front
  • End Unit
  • East Facing Home

HOA Fees

  • $1,359 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

  • Entry on the 10th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,207 Sq Ft Home
  • Built-In Features
  • Storage Room
  • Dryer
  • Marble Flooring
  • Direct Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Closet Cabinetry
  • Maid or Guest Quarters

Home Security

Additional Features

  • Accessible Elevator Installed
  • Property has ocean access
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-064-1010

Community Details

Overview

  • 111 Units
  • Club Membership Required
  • Mid-Rise Community
  • Ocean Club Condos
  • Ocean Tower Two Condo Subdivision
  • 10-Story Property

Amenities

  • Doorman
  • Clubhouse
  • Secure Lobby
  • Elevator

Recreation

  • Tennis Courts

Pet Policy

  • Dogs Allowed

Building Details

  • Maintenance Expense $5,450

Security

  • Security Service
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$69,091

Year Built

Built in 2001

Lot Details

0 Sq Ft Lot

HOA Fees

$1,359 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 10
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCEAN TOWER TWO CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator
  • Interior Amenities: Built-in Features, Closet Cabinetry, Elevator, Maid/In-Law Quarters, Storage
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 5207
  • Possible Use: Unknown/Withheld
  • Stories: 10
  • Bedroom Features: Other
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Other
  • Living Room Features: Maid/In-Law Quarters, Storage Room

Exterior Features

  • View: Ocean View, Direct Ocean
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: OCEAN CLUB
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Lobby Secured, Security Patrol

Condo/Co-op/Association

  • Association Fee: 1359
  • Amenities: Clubhouse-Clubroom, Elevator(s), Exercise Room, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-064-1010
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Dogs OK

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 69091

Multi Family

  • Maintenance Expense: 5450
  • Number Of Units In Community: 111
  • Number Of Units Total: 111

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2007
Sold by
Barney James R and Barney Susan
Bought by
J&S Florida Realty Trust
Current Estimated Value
$7,393,365

Purchase Details

Closed on
Sep 10, 2001
Sold by
Key Biscayne Ocean Club Lp
Bought by
Barney James R and Barney Susan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
7.02%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
J&S Florida Realty Trust $4,900,000 Attorney
Barney James R $1,850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barney James R $1,600,000
Previous Owner Barney James R $1,260,000
Previous Owner Barney James R $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2023 05/12/23 Sold $9,250,000 -11.9% $1,776 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $10,500,000 -- $2,017 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $85,733 $5,461,195 -- --
2024 $75,794 $5,461,195 -- --
2023 $75,794 $4,748,865 $0 $0
2022 $71,228 $4,469,520 $0 $0
2021 $67,065 $4,063,200 $0 $0
2020 $72,918 $4,416,500 $0 $0
2019 $66,454 $4,015,000 $0 $0
2018 $66,977 $4,182,056 $0 $0
2017 $78,556 $4,862,856 $0 $0
2016 $78,068 $4,721,219 $0 $0
2015 $75,272 $4,453,973 $0 $0
2014 $70,023 $4,049,067 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carlos Coto

    Seller's Agent in 2023

    Carlos Coto

    One Sotheby's International Realty

    (305) 803-3059

    23 in this area

    24 Total Sales

    Carlos Coto
    Section Image
  • Claudine Coto

    Buyer's Agent in 2023

    Claudine Coto

    One Sotheby's International Realty

    (305) 389-6229

    44 in this area

    45 Total Sales

    Claudine Coto
    Section Image
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About Ocean Tower Two

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11349145

MIAMI REALTORS® MLS

APN: 24-5205-064-1010

Florida Miami/Dade County Key Biscayne 33149

791 Crandon Blvd Unit 508, Key Biscayne, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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