NOT LISTED FOR SALE

Estimated Value: $462,000 - $526,918

2 Beds
2 Baths
1,506 Sq Ft
$1,990/mo HOA Fee

Last Sold November 01, 2024

Last sale price $460,000 $305 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,237/month

29 Days on Market

Highlights

  • Marina
  • Property Fronts a Bay or Harbor
  • Marble Flooring
  • Direct Ocean View
  • Clubhouse
  • Community Pool

About This Home

As of November 2024

Sizable unit with lovely views of the Bay is available in the established Palm Bay Condo. The unit has travertine floors throughout, refined wallpaper details & elegant built-ins for easy styling. The huge living space sets the stage for fun-filled soirees, dinner parties, or even comfy movie nights in. The corner unit offers 2 balconies w/impact sliding doors overlooking the water and the treetops for a definite calming effect. Palm Bay is a private gated community residing directly on Biscayne Bay in Mimo, with its own private marina. Varied amenities include 24-hour security, doorman service, pool, tennis & pickleball courts & gym. 1 covered parking space & plenty of guest spots. Spend evenings perusing all the best Mimo restaurants around the corner from your home. A Very Special Home.

Last Listed By

Carole Smith

Compass Florida, LLC. License #0587059 Listed on: 08/26/2024

Compass Florida, LLC.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,813

Year Built

  • Built in 1965

Lot Details

  • Southeast Facing Home

HOA Fees

  • $1,990 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Guest Parking
  • Assigned Parking

Property Views

  • Garden

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,506 Sq Ft Home
  • Built-In Features
  • Sliding Windows
  • Combination Dining and Living Room
  • Marble Flooring

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Home Security

Schools

  • Morningside Elementary School
  • Horace Mann Middle School
  • Miami Edison High School

Additional Features

  • Seawall
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-32-18-045-0090

Community Details

Overview

  • 70 Units
  • Mid-Rise Condominium
  • Palm Bay Condo
  • Palm Bay Condominium Subdivision
  • 9-Story Property

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Marina

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Complex Is Fenced
  • High Impact Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,813

Year Built

Built in 1965

Lot Details

0

HOA Fees

$1,990 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1965
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: COMP11
  • Co List Office Phone: 305-851-2820
  • Entry Level: 2
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: PALM BAY CONDOMINIUM
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1506
  • Possible Use: Unknown/Withheld
  • Stories: 9
  • Window Features: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Dining/Living Room
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Bay, Garden View, Direct Ocean, Pool Area View
  • Exterior Features: East Of Us1, Exterior Cat Walk, Other
  • Construction Type: CBS Construction
  • Direction Faces: Southeast
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: Palm Bay Condo
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Guest

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Complex Fenced, Card Entry, Other

Condo/Co-op/Association

  • Association Fee: 1990
  • Amenities: Barbecue, Clubhouse-Clubroom, Laundry, Elevator(s), Exterior Lighting, Marina, Other, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Morningside
  • High School: Miami Edison
  • Middle Or Junior School: Horace Mann

Lot Info

  • Parcel Number: 01-32-18-045-0090
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 70
  • Number Of Units Total: 70

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6813

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2024
Closed on
Oct 31, 2024
Sold by
Goren Matthew B
Bought by
Gillow Marianne
Seller's Agent
Carole Smith
Compass Florida, LLC.
Buyer's Agent
Kevin Miner
RE/MAX Advance Realty
List Price
$475,000
Sold Price
$460,000
Premium/Discount to List
-$15,000
-3.16%
Total Days on Market
29
Views
20
Current Estimated Value
$479,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,980
Avg. Annual Appreciation
-0.04%

Purchase Details

Listed on
Oct 28, 2021
Closed on
Feb 14, 2022
Sold by
Renata Morganstern
Bought by
Goren Matthew B
Seller's Agent
George Schechter
Compass Florida, LLC
Buyer's Agent
Flor Rodriguez
Coldwell Banker Realty
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.65%
Original Mortgage
$330,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 9, 2013
Closed on
Jun 21, 2013
Sold by
Niquette Jean Francoise
Bought by
Morganstern Renata
Seller's Agent
Nellie Barrios
The Keyes Company
Buyer's Agent
Nellie Barrios
The Keyes Company
Sold Price
$2,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.62%

Purchase Details

Closed on
Feb 27, 2004
Sold by
Brandt Richard A
Bought by
Grimes Tom and Niquette Jean Francoise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,550
Interest Rate
4.62%
Mortgage Type
Unknown

Purchase Details

Closed on
May 9, 1994
Sold by
Russell Lewis W and Russell Lela Constance
Bought by
Brandt Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
8.52%

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
Gillow Marianne $460,000 Advance Partners Title
Gillow Marianne $460,000 Advance Partners Title
Goren Matthew B $440,000 Escobar & Decarlo Llc
Morganstern Renata $135,000 Clear Title Services Inc
Grimes Tom $229,000 First American Title Ins Co
Brandt Richard A $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goren Matthew B $330,000
Previous Owner Grimes Tom $265,000
Previous Owner Grimes Tom $217,550
Previous Owner Brandt Richard A $63,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2024 11/01/24 Sold $460,000 -3.2% $305 / Sq Ft
09/24/2024 09/24/24 Pending -- -- --
08/26/2024 08/26/24 For Sale $475,000 +8.0% $315 / Sq Ft
02/14/2022 02/14/22 Sold $440,000 -2.2% $292 / Sq Ft
10/28/2021 10/28/21 For Sale $450,000 0.0% $299 / Sq Ft
07/09/2013 07/09/13 Rented $2,200 -4.3% --
07/09/2013 07/09/13 For Rent $2,300 0.0% --
06/21/2013 06/21/13 Sold $135,000 -9.4% $90 / Sq Ft
06/13/2012 06/13/12 Pending -- -- --
10/26/2011 10/26/11 For Sale $149,000 -- $99 / 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 $6,813 $384,499 -- --
2023 $6,813 $373,300 $0 $0
2022 $4,592 $264,747 $0 $0
2021 $4,574 $257,036 $0 $0
2020 $4,512 $253,488 $0 $0
2019 $4,401 $247,789 $0 $0
2018 $4,214 $243,169 $0 $0
2017 $4,161 $238,168 $0 $0
2016 $4,183 $233,270 $0 $0
2015 $4,265 $233,270 $0 $0
2014 $4,409 $194,390 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11646054

MIAMI REALTORS® MLS

APN: 01-3218-045-0090