NOT LISTED FOR SALE

Estimated Value: $6,206,000 - $9,471,000

4 Beds
5.5 Baths
5,403 Sq Ft
$2,731/mo HOA Fee

Last Sold September 12, 2012

Last sale price $5,900,000 $1,092 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $51,294/month

5 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Fitness Center
  • Key Biscayne K-8 Center Rated A-
  • Bar or Lounge
  • Marble Flooring

About This Home

As of September 2012

"CASUAL ELEGANCE" BEST DESCRIBES this 5,400 sq.ft. beachfront, 4 BED, 5½ baths, plus library - integrated kitchen,family room & staff quarters wing, formal living & dining room. Select wood floors throughout. *** Oversized 2½ car garage on Upper Level par king. Wine Cellar and Fur storage closet. OCEAN CLUB is a world class building with security, valet and concierge service 'round the clock.*** Formal Restaurant & informal beach bar & grill *** Tennis Center & Shop with Tennis Pro on duty. LIVE THE DREAM

Last Agent to Sell the Property

Carlos Coto

One Sotheby's International Realty License #0165407 Listed on: 07/27/2012

One Sotheby's International Realty

Co-Listed By

Claudine Coto

One Sotheby's International Realty License #3223767

Last Buyer's Agent

Carlos Coto

One Sotheby's International Realty License #0165407 Listed on: 07/27/2012

One Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $79,249

Year Built

  • Built in 2002

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $2,731 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,403 Sq Ft Home
  • Furnished
  • Built-In Features
  • Drapes & Rods
  • Entrance Foyer
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Jetted Tub in Primary Bathroom

Home Security

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-066-0100

Community Details

Overview

  • 801 Units
  • Mid-Rise Condominium
  • Club Tower One Condos
  • Ocean Club Subdivision, Model F Floorplan

Amenities

  • Doorman
  • Valet Parking
  • Community Center
  • Party Room
  • Community Library
  • Bar or Lounge
  • Elevator

Recreation

  • Community Playground

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

  • Maintenance Expense $638

Security

  • Card or Code Access
  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$79,249

Year Built

Built in 2002

Lot Details

0

HOA Fees

$2,731 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access,Other
  • Unit Levels: 0
  • Master Model: MODEL F
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCEAN CLUB
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Electric Range, Refrigerator
  • Interior Amenities: Built-in Features, Closet Cabinetry, Elevator, Entrance Foyer, Walk-In Closet(s)
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Location: Foyer
  • Flooring: Carpet, Marble
  • Furnished: Unfurnished, Furnished
  • Living Area: 5403
  • Possible Use: Unknown/Withheld
  • Window Features: Hurricane Shutters, Drapes, Other Windows
  • Bedroom Features: Other
  • Dining Room Features: Eat-In Kitchen
  • Master Bathroom Features: Bidet, Dual Sinks, Whirlpool/Spa

Exterior Features

  • View: Direct Ocean
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: CLUB TOWER ONE
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 1 Space, Assigned, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Elevator Secure, Card Entry

Condo/Co-op/Association

  • Association Fee: 2731
  • Amenities: Bar, Community Room, Elevator(s), Exercise Room, Library, Child Play Area, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-05-066-0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Multi Family

  • Maintenance Expense: 638
  • Number Of Units In Community: 801
  • Number Of Units Total: 111

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 79249

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2012
Closed on
Sep 6, 2012
Sold by
Demolina Alvaro G
Bought by
Spencer Mary M and Mclaughlin Maureen M
Seller's Agent
Carlos Coto
One Sotheby's International Realty
Buyer's Agent
Carlos Coto
One Sotheby's International Realty
List Price
$5,900,000
Sold Price
$5,900,000
Current Estimated Value
$7,614,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,714,330
Avg. Annual Appreciation
1.77%

Purchase Details

Closed on
May 7, 2004
Sold by
Key Biscayne Ocean Club Lp
Bought by
Demolina Alvaro G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
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
Spencer Mary M $5,900,000 Attorney
Demolina Alvaro G $3,750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demolina Alvaro G $1,999,990
Previous Owner Demolina Alvaro G $2,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2012 09/12/12 Sold $5,900,000 0.0% $1,092 / Sq Ft
08/02/2012 08/02/12 Pending -- -- --
07/27/2012 07/27/12 For Sale $5,900,000 -- $1,092 / 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 $78,119 $5,087,015 -- --
2023 $78,119 $4,938,850 $0 $0
2022 $75,763 $4,795,000 $0 $0
2021 $78,452 $4,795,000 $0 $0
2020 $78,511 $4,795,000 $0 $0
2019 $78,707 $4,795,000 $0 $0
2018 $77,498 $4,878,968 $0 $0
2017 $76,554 $4,778,618 $0 $0
2016 $76,740 $4,680,332 $0 $0
2015 $77,885 $4,647,798 $0 $0
2014 $79,065 $4,610,911 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1670128

MIAMI REALTORS® MLS

APN: 24-5205-066-0100