NOT LISTED FOR SALE

Lake Tower Key Biscayne, FL 33149

Estimated Value: $1,872,000 - $3,278,000

3 Beds
3 Baths
2,602 Sq Ft
2002 Built

Sale Details

Date Sold: April 19, 2021

Last sale price $1,350,000 $519 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $16,918 / mo

170 Days on Market

Highlights

  • Doorman
  • Lake Front
  • Built in 2002 | Newly Remodeled
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • 1-minute walk to Beach Park

About This Home

As of April 2021

Resort lifestyle, private elevator directly to the unit.This complex has beautiful tennis courts, beach club, playground,gym and spa, restaurants and concierge and security 24 hrs. It also has two confortable terraces and 1 assigned storage room. Currently occupied by tenant, please make appointment 24 hrs in advance.

Last Agent to Sell the Property

Viviana Fuenmayor

MMLS Assoc.-Inactive Member License #3140529 Listed on: 09/10/2020

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Jacqueline Gallardo

One Sotheby's International Realty License #3165123

One Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,831

Year Built

  • Built in 2002 | Newly Remodeled

HOA Fees

  • $938 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Electric Vehicle Home Charger
  • Assigned Parking

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,602 Sq Ft Home
  • Entrance Foyer
  • Open Floorplan

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

Outdoor Features

  • Restricted saltwater access
  • Balcony

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Lake Front

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-068-0220

Community Details

Overview

  • Other Membership Included
  • Club Membership Required
  • Mid-Rise Community
  • The Ocean Club Condos
  • Lake Tower Condo Subdivision
  • 7-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Bike Room

Recreation

  • Community Basketball Court
  • Community Playground
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

  • Maintenance Expense $5,285

Security

  • Secure Elevator
  • Complex Is Fenced
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,831

Year Built

Built in 2002 | Newly Remodeled

Lot Details

0 Sq Ft Lot

HOA Fees

$938 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Condominium
  • Entry Level: 405
  • 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: LAKE TOWER CONDO
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Closet Cabinetry, Elevator, Fire Sprinklers, Entrance Foyer, Laundry Tub, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Foyer
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 2602
  • Other Equipment: Elevator
  • Possible Use: Secondary
  • Stories: 7
  • Window Features: Hurricane Shutters
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room, Kitchen Dining
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Lake, Pool Area View
  • Exterior Features: Other, Open Balcony, Tennis Court(s)
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: THE OCEAN CLUB
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered, Electric Vehicle Charging Station(s), Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub
  • Security: Fire Sprinklers, Fire Alarm, Smoke Detector, Complex Fenced, Doorman, Elevator Secure

Condo/Co-op/Association

  • Association Fee: 2815
  • Amenities: Basketball Court, Bike Storage, Exercise Room, Other Membership Included, Child Play Area, Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Lot Info

  • Parcel Number: 24-52-05-068-0220
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 21831

Multi Family

  • Maintenance Expense: 5285

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Apr 19, 2021
Sold by
Vergara David
Bought by
Noboa Melissa Romero
Seller's Agent
Viviana Fuenmayor
MMLS Assoc.-Inactive Member
Buyer's Agent
Jacqueline Gallardo
One Sotheby's International Realty
List Price
$1,425,000
Sold Price
$1,350,000
Premium/Discount to List
-$75,000
-5.26%
Current Estimated Value
$2,510,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,160,787
Avg. Annual Appreciation
13.30%
Original Mortgage
$810,000
Outstanding Balance
$737,051
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$1,773,736

Purchase Details

Closed on
Jun 30, 2004
Sold by
Pardo Francisco and Diaz Maria Asuncion
Bought by
Vergara David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,250
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Noboa Melissa Romero $1,350,000 Attorney
Vergara David $885,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noboa Melissa Romero $810,000
Previous Owner Vergara David $575,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2021 04/19/21 Sold $1,350,000 -5.3% $519 / Sq Ft
02/27/2021 02/27/21 Pending -- -- --
09/10/2020 09/10/20 For Sale $1,425,000 0.0% $548 / Sq Ft
04/04/2014 04/04/14 Rented $8,250 0.0% --
04/04/2014 04/04/14 For Rent $8,250 -- --
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 $29,497 $1,892,800 -- --
2024 $25,144 $1,720,728 -- --
2023 $25,144 $1,564,299 $0 $0
2022 $22,801 $1,422,090 $0 $0
2021 $20,552 $1,236,600 $0 $0
2020 $20,417 $1,236,600 $0 $0
2019 $22,742 $1,374,000 $0 $0
2018 $24,442 $1,526,151 $0 $0
2017 $24,654 $1,526,151 $0 $0
2016 $25,236 $1,526,151 $0 $0
2015 $26,077 $1,448,037 $0 $0
2014 $23,771 $1,316,398 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2021

    Viviana Fuenmayor

    MMLS Assoc.-Inactive Member

    Section Image
  • Jacqueline Gallardo

    Buyer's Agent in 2021

    Jacqueline Gallardo

    One Sotheby's International Realty

    (786) 473-3067

    12 in this area

    24 Total Sales

    Jacqueline Gallardo
    Section Image
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About Lake Tower

Source: MIAMI REALTORS® MLS

MLS Number: A10925416

MIAMI REALTORS® MLS

APN: 24-5205-068-0220

Florida Miami/Dade County Key Biscayne

33149

Not Listed for Sale

Condos

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