$8,712,000
SOLD MAY 3, 2012
0.5 Acre
$17,424,000 Price per Acre
21,780 Sq Ft Lot

Recently Sold

$366 Per Sq Ft

12% Below List Price

268 Days on Market

Highlights

  • Ocean Front
  • Private Dock
  • No HOA
  • Key Biscayne K-8 Center Rated A-
  • 0.5 Acre Lot
  • Landscaped with Trees

About This Lot

As of June 2025

Lot located on some of the most covered real estate in Key Biscayne. Lot is located directly on Biscayne Bay with 140ft of water frontage.

Last Agent to Sell the Property

Jorge Uribe

One Sotheby's International Realty License #3080567 Listed on: 01/04/2012

One Sotheby's International Realty

Last Buyer's Agent

Jorge Uribe

One Sotheby's International Realty License #3080567 Listed on: 01/04/2012

One Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $135,805

Year Built

  • Built in 1996

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 118x200
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Northwest Facing Home
  • Fenced
  • Landscaped with Trees
  • Additional Parcels
  • Property is zoned 1 /S FM

Property Views

  • Ocean
  • Bay

Home Design

  • 23,772 Sq Ft Home

Location

  • City Lot

Utilities

  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-006-0090

Community Details

Overview

  • No Home Owners Association
  • Tropical Isle Homes Sub Condos
  • Tropical Isle Homes Sub Subdivision

Recreation

  • Private Dock

Property Details

Property Type

Land

Est. Annual Taxes

$135,805

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Year Built: 1996
  • Property Sub Type: Residential
  • Road Frontage Type: Bay
  • Horses: No
  • Inclusions: Private Dock
  • Lot Size Acres: 0.5
  • Lot Size: 118x200
  • New Construction: No
  • Road Frontage Type: Paved Road, Public Road
  • Road Surface Type: Paved Road, Paved
  • Structure Type: Residential
  • Subdivision Name: TROPICAL ISLE HOMES SUB
  • Special Features: None

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • View: Bay View, Ocean View
  • Direction Faces: Northwest
  • Fencing: Fenced
  • Lot Features: City Location, Golf Course Location, Near School, Near Seaport, 1/2 To Less Than 3/4 Acre Lot, Fenced, Waterfront Bulkhead
  • Other Structures: Livable
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: TROPICAL ISLE HOMES SUB

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Water Connected, Cable Available, Electricity Available, Phone Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 24-42-32-006-0090
  • Additional Parcels: Yes
  • Current Use: Residential, Other Usage
  • Development Status: Other
  • Lot Size Sq Ft: 23772
  • Zoning: 1 /S FM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 135805

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2012
Closed on
May 3, 2012
Sold by
Valley Forge Ltd
Bought by
Canel Daniel Joaquin and Canel Silvia Estela
Seller's Agent
Jorge Uribe
One Sotheby's International Realty
Buyer's Agent
Jorge Uribe
One Sotheby's International Realty
List Price
$9,950,000
Sold Price
$8,712,000
Premium/Discount to List
-$1,238,000
-12.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.22%
Original Mortgage
$5,000,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 28, 1995
Sold by
Manas Arturo
Bought by
Valley Forge Ltd
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Special Warranty Deed $8,712,000 Attorney
Warranty Deed $1,700,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,250,000 Adjustable Rate Mortgage/ARM
Closed $5,750,000 Adjustable Rate Mortgage/ARM
Closed $5,000,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 Sold $31,750,000 -8.0% $4,423 / Sq Ft
05/08/2025 05/08/25 Pending -- -- --
11/01/2024 11/01/24 For Sale $34,500,000 +296.0% $4,806 / Sq Ft
05/03/2012 05/03/12 Sold $8,712,000 0.0% $366 / Sq Ft
05/03/2012 05/03/12 Sold $8,712,000 0.0% $1,013 / Sq Ft
01/29/2012 01/29/12 Pending -- -- --
01/29/2012 01/29/12 Pending -- -- --
05/06/2011 05/06/11 For Sale $8,712,000 -12.4% $1,013 / Sq Ft
05/06/2011 05/06/11 For Sale $9,950,000 -- $419 / 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
2025 $169,118 $10,999,715 -- --
2024 $166,851 $10,689,714 -- --
2023 $166,851 $10,378,364 $0 $0
2022 $160,625 $10,076,082 $0 $0
2021 $161,416 $9,782,604 $0 $0
2020 $158,663 $9,647,539 $0 $0
2019 $155,467 $9,430,635 $0 $0
2018 $147,613 $9,254,794 $0 $0
2017 $127,399 $7,924,313 $0 $0
2016 $127,694 $7,761,326 $0 $0
2015 $129,600 $7,707,375 $0 $0
2014 $131,565 $7,646,206 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1589569

MIAMI REALTORS® MLS

APN: 24-4232-006-0090