NOT LISTED FOR SALE

Estimated Value: $1,609,573 - $1,859,000

2 Beds
2 Baths
1,782 Sq Ft
$1,968/mo HOA Fee

Last Sold April 02, 2024

Last sale price $1,750,000 $982 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $13,023/month

116 Days on Market

Highlights

  • Ocean Front
  • Private Beach Pavilion
  • Sauna
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Heated Community Pool

About This Home

As of April 2024

Pre-Penthouse Corner Unit, located in one of Key Biscayne's Most Coveted Boutique Buildings with Direct Beach Access. This updated unit, renovated in 2019, boasts modern ceramic flooring throughout the entire apartment. Enjoy breathtaking views of the water, the nearby State Park, and the iconic Lighthouse from every room. The abundant natural light on the 11th floor truly stands out in this unit. With custom-made cabinets in every room, you benefit from a lot of storage.
Offering private beach access, two pools, two tennis courts, three gyms, recreational rooms for kids, and even a hair and nail salon on-site, The Towers of Key Biscayne is a great place to live. Call today to set up your private tour !

Last Listed By

Marine Lavaud

Douglas Elliman License #3409022 Listed on: 10/06/2023

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,737

Year Built

  • Built in 1971

Lot Details

  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Home fronts a canal

HOA Fees

  • $1,968 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,782 Sq Ft Home
  • Solar Tinted Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Ceramic Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub
  • Shower Only in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer

Home Security

Outdoor Features

  • Outdoor Grill

Schools

  • Keybiscayne Elementary School
  • Ponce De Leon Middle School
  • Coral Gables High School

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-04-010-4520

Community Details

Overview

  • 269 Units
  • Mid-Rise Condominium
  • Towers Of Key Biscayne Condos
  • Towers Of Key Biscayne Co Subdivision
  • Car Wash Area
  • 12-Story Property

Amenities

  • Community Barbecue Grill
  • Sauna
  • Trash Chute
  • Billiard Room
  • Secure Lobby
  • Community Storage Space

Recreation

  • Private Beach Pavilion
  • Community Playground

Pet Policy

  • No Pets Allowed

Security

  • Security Guard
  • Secure Elevator
  • High Impact Windows
  • High Impact Door
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,737

Year Built

Built in 1971

Lot Details

0

HOA Fees

$1,968 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1971
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Directions: After the Rickenbacker Causeway, go all the way to the end of Crandon boulevard, entrance of the building on the left, just before the state park. Park in the visitor's parking at the left entrance
  • Entry Level: 11
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: TOWERS OF KEY BISCAYNE CO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Wall Oven
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Fire Sprinklers, Entrance Foyer, Walk-In Closet(s), Utility Room/Laundry
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1782
  • Possible Use: Unknown/Withheld
  • Stories: 12
  • Window Features: Complete Impact Glass, High Impact Windows, Solar Film/Tinted
  • Bedroom Features: Primary Bath Shower, Primary Bath Tub
  • Dining Room Features: Breakfast Area, Dining/Living Room
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

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

Garage/Parking

  • Park Building Name: Towers of Key Biscayne
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Fire Sprinklers, Elevator Secure, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 5904
  • Amenities: Billiard Room, Barbecue, Elevator(s), Exercise Room, Storage, Heated Pool, Other, Child Play Area, Pool, Private Beach Pavilion, Sauna, Tennis Court(s), Trash Chute, Vehicle Wash Area
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne
  • High School: Coral Gables
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel Number: 24-52-04-010-4520
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Multi Family

  • Number Of Units In Community: 269
  • Number Of Units Total: 269

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 13737

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Apr 3, 2024
Sold by
Sakona Financial Llc
Bought by
Schmida Stephen and Schmida Nazgul
Seller's Agent
Marine Lavaud
Douglas Elliman
Buyer's Agent
Valerie Hummel Leach
BHHS EWM Realty
List Price
$1,895,000
Sold Price
$1,750,000
Premium/Discount to List
-$145,000
-7.65%
Total Days on Market
116
Views
81
Current Estimated Value
$1,719,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,357
Avg. Annual Appreciation
-1.61%

Purchase Details

Closed on
Feb 19, 2019
Sold by
Salam Aly
Bought by
Sakona Financial Llc

Purchase Details

Closed on
Feb 4, 2019
Sold by
Shafey Joe
Bought by
Salam Aly

Purchase Details

Closed on
Feb 7, 2018
Sold by
Shafey Omar and Shafey Joe
Bought by
Shafey Omar and Shafey Joe

Purchase Details

Closed on
Feb 1, 2018
Sold by
Shafey Omar
Bought by
Salam Aly

Purchase Details

Closed on
Apr 28, 2005
Sold by
Wafiya Family Partnership Ltd
Bought by
Elhassany Wafiya and Razook Richard J

Purchase Details

Closed on
Aug 4, 1998
Sold by
Greenberg Jack J and Greenberg Rita
Bought by
Wafiya Family Partnership Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.94%
Mortgage Type
New Conventional

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
Schmida Stephen $1,750,000 None Listed On Document
Sakona Financial Llc -- Attorney
Salam Aly $275,000 Attorney
Shafey Omar -- Attorney
Salam Aly $275,000 Attorney
Elhassany Wafiya -- --
Wafiya Family Partnership Ltd $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wafiya Family Partnership Ltd $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2024 04/02/24 Sold $1,750,000 -7.7% $982 / Sq Ft
01/31/2024 01/31/24 Pending -- -- --
10/06/2023 10/06/23 For Sale $1,895,000 0.0% $1,063 / Sq Ft
12/01/2022 12/01/22 Rented $7,000 -4.1% --
11/21/2022 11/21/22 Under Contract -- -- --
10/14/2022 10/14/22 For Rent $7,300 +55.3% --
07/20/2019 07/20/19 Rented $4,700 -1.1% --
06/26/2019 06/26/19 Under Contract -- -- --
06/16/2019 06/16/19 For Rent $4,750 -- --
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 $17,698 $986,004 -- --
2023 $17,698 $896,368 $0 $0
2022 $13,738 $814,880 $0 $0
2021 $12,393 $740,800 $0 $0
2020 $13,295 $805,268 $0 $0
2019 $15,244 $921,000 $0 $0
2018 $15,858 $990,155 $0 $0
2017 $8,715 $578,668 $0 $0
2016 $8,728 $566,766 $0 $0
2015 $8,857 $562,827 $0 $0
2014 $8,991 $558,361 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11464099

MIAMI REALTORS® MLS

APN: 24-5204-010-4520