NOT LISTED FOR SALE

Estimated Value: $2,495,917 - $3,394,000

2 Beds
3.5 Baths
2,490 Sq Ft
1996 Built

Last Sold March 02, 2020

Last sale price $1,625,000 $653 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $18,599/month

Highlights

  • Ocean Front
  • Fitness Center
  • Gated Community
  • Key Biscayne K-8 Center Rated A-
  • Above Ground Pool
  • Clubhouse

About This Home

As of March 2020

Amazing completely remodeled unit 2 bed/3 bath PLUS DEN with direct access to a spacious and extended terrace with private garden views. Private elevator to apartment. Marble floors throughout, Italian kitchen with white cabinets and granite counter tops. Large master suite, expansive his and hers closet and large laundry area. Enjoy beach front living, steps from the beach in this recently renovated Grand Bay tower with full amenities including tennis courts, beach, pool, and valet parking. Located in a security gated community on the prestigious Ritz Carlton.

Last Agent to Rent the Property

Monica Defortuna

Fortune Christie's Intl R.E. License #0577279 Listed on: 01/23/2020

Fortune Christie's Intl R.E.

Last Renter's Agent

Giulietta Ulloa

BHHS EWM Realty License #0658811

BHHS EWM Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $28,979

Year Built

  • Built in 1996

Lot Details

  • Ocean Front
  • South Facing Home

Parking

  • 1 Car Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,490 Sq Ft Home
  • Marble Flooring
  • Garden Views

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • Above Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 3/3/20
  • Assessor Parcel Number 24-52-05-049-1000

Community Details

Overview

  • No Home Owners Association
  • Grand Bay Residences Cond Condos
  • Grand Bay Residences Cond Subdivision
  • Maintained Community

Amenities

  • Picnic Area
  • Sauna
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Service
  • Resident Manager or Management On Site
  • Gated Community

Condo Details

Home Type

Condominium

Est. Annual Taxes

$28,979

Year Built

Built in 1996

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2020-03-03

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1996
  • Property Sub Type: Condominium
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: GRAND BAY RESIDENCES COND
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 2490
  • Spa Features: Community

Exterior Features

  • View: Garden
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Pool Features: Above Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: GRAND BAY RESIDENCES COND
  • Covered Parking Spaces: 1
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Additional Amenities, Clubhouse, Pool, Tennis Court(s), Exercise Room, Gated Community, Maintained Community, Management On Site, Paved Road, Picnic Area, Private Roads, Sauna, Security Patrol, Sidewalks, Spa/Hot Tub, Street Lights

Lot Info

  • Parcel Number: 24-52-05-049-1000
  • Land Lease Amount Frequency: Monthly
  • Zoning: 9400
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2020
Closed on
Mar 2, 2020
Sold by
Grand Key Corporation
Bought by
Moscoe Thomas D and Moscoe Marlene
Seller's Agent
Monica Defortuna
Fortune Christie's Intl R.E.
Buyer's Agent
Giulietta Ulloa
BHHS EWM Realty
Sold Price
$6,100
Current Estimated Value
$2,955,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,949,629
Avg. Annual Appreciation
11.93%

Purchase Details

Closed on
Dec 20, 1996
Sold by
G B Residences Of Key Biscayne Ltd
Bought by
Grand Key Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
7.65%
Mortgage Type
New Conventional
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
Moscoe Thomas D $1,625,000 Attorney
Grand Key Corporation $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grand Key Corporation $720,000
Previous Owner Grand Key Corp $400,000
Previous Owner Grand Key Corporation $600,000
Previous Owner Grand Key Corporation $457,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2020 03/15/20 Rented $6,100 0.0% --
03/02/2020 03/02/20 Sold $1,625,000 0.0% $653 / Sq Ft
01/23/2020 01/23/20 For Rent $6,300 0.0% --
01/23/2020 01/23/20 For Sale $1,895,000 0.0% $761 / Sq Ft
01/09/2018 01/09/18 Under Contract -- -- --
01/02/2018 01/02/18 Rented $6,000 -7.7% --
09/05/2017 09/05/17 For Rent $6,500 -- --
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
2025 $28,979 $1,931,972 -- --
2024 $25,777 $1,756,339 -- --
2023 $25,777 $1,596,672 $0 $0
2022 $23,269 $1,451,520 $0 $0
2021 $22,319 $1,344,000 $0 $0
2020 $22,190 $1,344,000 $0 $0
2019 $22,245 $1,344,000 $0 $0
2018 $21,529 $1,344,251 $0 $0
2017 $24,881 $1,522,797 $0 $0
2016 $24,200 $1,384,361 $0 $0
2015 $22,312 $1,258,510 $0 $0
2014 $20,779 $1,144,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10805804

MIAMI REALTORS® MLS

APN: 24-5205-049-1000