NOT LISTED FOR SALE

Estimated Value: $1,674,442 - $1,958,000

2 Beds
3 Baths
1,851 Sq Ft
$1,992/mo HOA Fee

Last Sold May 08, 2024

Last sale price $1,750,000 $945 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $13,127/month

4 Days on Market

Highlights

  • Ocean Front
  • Bar or Lounge
  • Penthouse
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Vaulted Ceiling

About This Home

As of May 2024

STUNNING PENTHOUSE DUPLEX offering stunning ocean and bay views in the heart of Key Biscayne's paradise. Steps from the beach, this exclusive residence invites you to resort-style living.

The allure extends beyond, where you can enjoy the beach pool with its trendy bar/restaurant or opt for the private building pool.

This penthouse boasts exquisite finishes marble floors, soaring ceilings, Kitchen ready to entertain . The audio music system (SONO) envelopes the entire apartment, creating an ambiance of sophistication. It offers a generously spacious environment, including a large den that can be considered as a third bedroom with its own closet.

The complex offers a plethora of amenities.Don't miss the chance to experience the pinnacle of beach living. Your dream home awaits!

Last Agent to Sell the Property

Beatrice Benaros Garcia Herrera

EXP Realty LLC License #3446688 Listed on: 03/17/2024

EXP Realty LLC

Last Buyer's Agent

Diane Shapiro

ZFC Real Estate LLC License #0668340

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,771

Year Built

  • Built in 1978

Lot Details

  • Ocean Front
  • Northeast Facing Home

HOA Fees

  • $1,992 Monthly HOA Fees

Parking

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

Property Views

Home Design

  • Penthouse
  • Entry on the 12th floor

Interior Spaces

  • 1,851 Sq Ft Home
  • Vaulted Ceiling
  • Sliding Windows
  • Combination Dining and Living Room
  • Den
  • Loft
  • Marble Flooring
  • Security System Owned

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bidet
  • Jetted Tub and Shower Combination in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Schools

  • Keybiscayne Elementary School

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-016-1540

Community Details

Overview

  • Mid-Rise Condominium
  • Tide Mark Condos
  • Key Colony No 1,Key Colony Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • Car Wash Area
  • 12-Story Property

Amenities

  • Sauna
  • Courtesy Bus
  • Business Center
  • Bar or Lounge
  • Secure Lobby
  • Bike Room
  • Elevator

Recreation

  • Community Playground
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Security Guard
  • Complex Is Fenced
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,771

Year Built

Built in 1978

Lot Details

0

HOA Fees

$1,992 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1978
  • Ownership: Sole Proprietor
  • Property Sub Type: Condominium
  • Architectural Style: High Rise, Penthouse
  • Entry Level: 12
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: KEY COLONY NO 1,Key Colony
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: Lobby, Second Floor Entry, Closet Cabinetry, Elevator, Other, Pantry, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Loft, Utility Room/Laundry
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1851
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 12
  • Window Features: Clear Impact Glass, High Impact Windows, Sliding
  • Bedroom Features: None, Other
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen, Snack Bar/Counter
  • Living Room Features: Den/Library/Office, Loft, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Combination Tub & Shower, Shower Only

Exterior Features

  • View: Bay, Ocean View
  • Exterior Features: Open Balcony, Tennis Court(s)
  • Direction Faces: Northeast
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Tide Mark
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Assigned, Covered, Electric Vehicle Charging Station(s), No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Owned Burglar Alarm, Smoke Detector, Complex Fenced, Guard At Site, Lobby Secured, Security Patrol

Condo/Co-op/Association

  • Association Fee: 1992
  • Amenities: Bar, Bike Storage, Business Center, Child Play Area, Courtesy Bus, Elevator(s), Exercise Room, Heated Pool, Pool, Private Pool, Sauna, Spa/Hot Tub, Tennis Court(s), Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Keybiscayne

Lot Info

  • Parcel Number: 24-42-32-016-1540
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 18771

Multi Family

  • Maintenance Expense: 1992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2024
Closed on
Apr 29, 2024
Sold by
Degarcia-Herrera Beatrice Benaros and Debeatrice Benaros De
Bought by
Bach Adam and Bach Laura
Seller's Agent
Beatrice Benaros Garcia Herrera
EXP Realty LLC
Buyer's Agent
Diane Shapiro
ZFC Real Estate LLC
List Price
$1,787,000
Sold Price
$1,750,000
Premium/Discount to List
-$37,000
-2.07%
Views
19
Current Estimated Value
$1,814,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,111
Avg. Annual Appreciation
2.23%
Original Mortgage
$1,400,000
Outstanding Balance
$1,380,031
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$434,080

Purchase Details

Closed on
Jun 22, 2021
Sold by
Degarcia Herrera Beatrice Benaros
Bought by
Degarcia Herrera Beatrice Benaros and Debeatrice Benaros De

Purchase Details

Closed on
May 28, 2021
Sold by
Crandon Holding Corp
Bought by
Degarcia Herrera Beatrice Benaros

Purchase Details

Closed on
Mar 10, 2021
Sold by
Garcia Herrera Ignacio A
Bought by
Crandon Holding Corp

Purchase Details

Closed on
Feb 6, 2017
Sold by
Benaros Beatrice Camille Georgette Julie
Bought by
Crandon Holding Corp

Purchase Details

Closed on
Nov 21, 2013
Sold by
Gonzalez Alfredo Heli and Jimenez Maria Elvira
Bought by
Benaros Beatrice Camille Georgette Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,750
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 26, 2010
Sold by
Schmachtenberg Lee C and Schmachtenberg Mary Suzanne
Bought by
Gonzalez Alfredo Heli and Jimenez Maria Elvira

Purchase Details

Closed on
Mar 31, 2004
Sold by
Spilimbergo Gabriele and Ramirez Mercedes
Bought by
Schmachtenberg Lee C and Schmachtenberg Mary Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 1993
Sold by
Motto Inv Corp
Bought by
Patino Jorge Lema and Lema Maria Teresa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bach Adam $1,750,000 Threshold Title
Bach Adam $1,750,000 Threshold Title
Degarcia Herrera Beatrice Benaros -- Attorney
Degarcia Herrera Beatrice Benaros -- Attorney
Crandon Holding Corp -- Attorney
Crandon Holding Corp -- Attorney
Benaros Beatrice Camille Georgette Julie $1,275,000 Key Intl Title & Escrow Corp
Gonzalez Alfredo Heli $1,035,000 Tricounty Florida Title Co
Schmachtenberg Lee C $615,000 --
Patino Jorge Lema -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bach Adam $1,400,000
Closed Bach Adam $1,400,000
Previous Owner Benaros Beatrice Camille Georgette Julie $828,750
Previous Owner Schmachtenberg Lee C $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2024 05/08/24 Sold $1,750,000 -2.1% $945 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
03/17/2024 03/17/24 For Sale $1,787,000 -- $965 / 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 $19,224 $1,184,370 -- --
2024 $18,771 $1,221,000 -- --
2023 $18,771 $1,138,256 $0 $0
2022 $16,647 $1,034,779 $0 $0
2021 $16,099 $966,000 $0 $0
2020 $14,897 $920,000 $0 $0
2019 $13,374 $808,000 $0 $0
2018 $14,372 $897,371 $0 $0
2017 $20,562 $1,272,866 $0 $0
2016 $20,538 $1,217,524 $0 $0
2015 $18,706 $1,106,840 $0 $0
2014 $17,723 $1,024,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11547808

MIAMI REALTORS® MLS

APN: 24-4232-016-1540