NOT LISTED FOR SALE

1650 Coral Way Unit PH11 Coral Gables, FL 33145

Coral Way Neighborhood

Estimated Value: $480,000 - $564,000

2 Beds
2 Baths
1,030 Sq Ft
$764/mo HOA Fee

Last Sold October 30, 2024

Last sale price $550,000 $534 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,259/month

24 Days on Market

Highlights

  • Penthouse
  • Billiard Room
  • Formal Dining Room
  • Two Primary Bathrooms
  • Cooking Island
  • Balcony

About This Home

As of October 2024

Penthouse 11 is located on the scenic drive of Coral Way. Enjoy a top-floor view and excellent lighting, as the unit occupies an entire corner of the top floor, where you will experience gorgeous sunsets in the evening. The high-end kitchen features solid surface countertops, modern cabinets, and KitchenAid appliances: Preserva® Food Care System refrigerator, chef’s stove, and smart microwave. The unit includes 2 bedrooms and 2 modernly designed bathrooms with large walk-in showers, as well as large 11”x70” luxury tile throughout, to enhance the open-concept space. Perfectly located, it feels like 10 minutes to everything: Brickell is only 2.1 miles, downtown Coral Gables and Miracle Mile 2.2 miles, & Coconut Grove is just 2.2 miles. An in-unit LG washer and dryer with AI tech is included.

Last Listed By

Bohdana Danilova

Douglas Elliman License #3602743 Listed on: 09/12/2024

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,874

Year Built

  • Built in 2002 | Remodeled

HOA Fees

  • $764 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Penthouse
  • Stucco Exterior

Interior Spaces

  • 1,030 Sq Ft Home
  • Custom Mirrors
  • Built-In Features
  • Formal Dining Room
  • Tile Flooring
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Two Primary Bathrooms
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Accessible Elevator Installed
  • Emergency Intercom

Outdoor Features

  • Balcony

Utilities

  • Humidity Control
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-14-030-0470

Community Details

Overview

  • 66 Units
  • Club Membership Required
  • Mid-Rise Condominium
  • Marbella Condo
  • Marbella Condo Subdivision
  • 9-Story Property

Amenities

  • Trash Chute
  • Billiard Room
  • Community Center
  • Party Room

Pet Policy

  • Dogs Allowed

Security

  • Card or Code Access
  • Clear Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,874

Year Built

Built in 2002 | Remodeled

Lot Details

0

HOA Fees

$764 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, Penthouse
  • Directions: Apple or Google Maps
  • Entry Level: 9
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MARBELLA CONDO
  • Year Built Details: Newly Updated/Renovated
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Cooking Island, Custom Mirrors
  • Accessibility Features: Accessible Elevator Installed, Emergency Intercom
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1030
  • Possible Use: Primary
  • Stories: 9
  • Window Features: Clear Impact Glass
  • Bedroom Features: Entry Level, Primary Bath Shower
  • Dining Room Features: Eat-In Kitchen, Formal Dining
  • Master Bathroom Features: 2 Primary Bathrooms

Exterior Features

  • View: Other View
  • Exterior Features: Open Balcony
  • Construction Type: Stucco
  • Patio And Porch Features: Open Balcony, Wrap Around
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: MARBELLA CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered, Parking-Under Building

Utilities

  • Cooling: Central Air, Humidity Control
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Fire Alarm, Card Entry

Condo/Co-op/Association

  • Association Fee: 764
  • Amenities: Billiard Room, Community Room, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-14-030-0470
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Dogs OK

Multi Family

  • Number Of Units In Community: 66
  • Number Of Units Total: 66

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5874

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Oct 30, 2024
Sold by
By Design Contracting Llc
Bought by
Tavara Fernando Jose
Seller's Agent
Bohdana Danilova
Douglas Elliman
Buyer's Agent
Vivianna Franchy
BHHS EWM Realty
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%
Total Days on Market
24
Views
25
Current Estimated Value
$538,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,556
Avg. Annual Appreciation
-3.24%
Original Mortgage
$412,500
Outstanding Balance
$411,281
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$130,105

Purchase Details

Listed on
Sep 22, 2023
Closed on
Jan 25, 2024
Sold by
Silva Alex and Silva Miguel
Bought by
Design Contracting Llc
Seller's Agent
Amit Bhuta
Compass Florida, LLC
Buyer's Agent
Salesperson Non Member
Non-MLS Member
List Price
$500,000
Sold Price
$375,000
Premium/Discount to List
-$125,000
-25%
Views
530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.52%
Original Mortgage
$392,600
Interest Rate
6.61%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 23, 2011
Closed on
Apr 23, 2012
Sold by
Pierre Corp
Bought by
Abed Elias
Seller's Agent
Audrey Ross, Ph.D
Compass Florida LLC
Buyer's Agent
Ivan Ochoa
London Foster Realty
List Price
$190,000
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%

Purchase Details

Closed on
Feb 7, 2003
Sold by
Marbella Apartments Inc
Bought by
Pierre Corp

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 Buyer Sale Price Title Company
Tavara Fernando Jose $550,000 Palm Title
Tavara Fernando Jose $550,000 Palm Title
Design Contracting Llc $375,000 None Listed On Document
Abed Elias $190,000 --
Pierre Corp $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tavara Fernando Jose $412,500
Closed Tavara Fernando Jose $412,500
Previous Owner Design Contracting Llc $392,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2024 10/30/24 Sold $550,000 -4.3% $534 / Sq Ft
10/06/2024 10/06/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $575,000 +53.3% $558 / Sq Ft
01/25/2024 01/25/24 Sold $375,000 -6.3% $364 / Sq Ft
11/10/2023 11/10/23 Price Changed $400,000 -11.1% $388 / Sq Ft
10/19/2023 10/19/23 Price Changed $450,000 -10.0% $437 / Sq Ft
09/22/2023 09/22/23 For Sale $500,000 0.0% $485 / Sq Ft
07/05/2021 07/05/21 Rented $2,400 +14.3% --
06/28/2021 06/28/21 For Rent $2,100 +12.0% --
06/04/2019 06/04/19 Rented $1,875 0.0% --
06/04/2019 06/04/19 Under Contract -- -- --
05/16/2019 05/16/19 Price Changed $1,875 -3.8% $2 / Sq Ft
05/14/2019 05/14/19 For Rent $1,950 0.0% --
04/23/2012 04/23/12 Sold $190,000 0.0% $184 / Sq Ft
04/12/2012 04/12/12 Pending -- -- --
12/23/2011 12/23/11 For Sale $190,000 -- $184 / 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
2024 $5,874 $289,106 -- --
2023 $5,874 $262,824 $0 $0
2022 $5,212 $238,931 $0 $0
2021 $4,615 $217,210 $0 $0
2020 $4,626 $217,210 $0 $0
2019 $5,269 $246,830 $0 $0
2018 $1,294 $135,829 $0 $0
2017 $1,265 $133,036 $0 $0
2016 $1,254 $130,300 $0 $0
2015 $1,269 $129,395 $0 $0
2014 $1,287 $128,369 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11657094

MIAMI REALTORS® MLS

APN: 01-4114-030-0470