by RH Advisors

See Home Value
$9,390,000
House - Off Market

151 Cape Florida Dr

Key Biscayne, FL 33149
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4299 Sqft
$9,523,960
RealtyHop Estimate
0.25%
Since Nov 1, 2023
FL-Miami
Primary Model

About This Property

Best waterfront value on Key Biscayne! No bridges to bay & 88 feet on the water.  Accommodates large yachts (turning basin).  This lovingly maintained home on a no-traffic street is in excellent condition.  This property is an excellent value surrounded by homes in the $20-$30 million plus range. Excellent home for entertaining with pool, generous patio area and gazebo by the water!  Impact windows throughout.  Ultra secure location at the end of Key Biscayne next to Bill Baggs Cape Florida State Park. Take your boat around the corner for lunch, dinner or drinks at Boater's Grill or The Cleat.  Update and add value, build a modern masterpiece, rent it out for $20,000 plus or move right in to this beautifully maintained ocean access home.  No mangroves or seaweed buildup at this property.
Unit Size
4,299Ft²
Days on Market
264 days
Land Size
0.32 acres
Price per sqft
$2,210
Property Type
House
Property Taxes
$1,957
HOA Dues
-
Year Built
1970
Last updated: 7 months ago (Miami MLS #A11338894)

Price History

Date / Event Date Event Price
Nov 13, 2023 Sold $9,390,000
Sold
Sep 1, 2023 In contract -
In contract
Feb 9, 2023 Listed by Keller Williams Capital Realty $9,500,000
Listed by Keller Williams Capital Realty

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 14,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 5,193
  • Gross Building Area: 5,193
  • Building Area: 4,299
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,299
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAPE FLORIDA SUB
  • Land Acres: 0.321
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CAPE FLORIDA SUB SEC 3 PB 79-64 LOT 6 BLK 8 LOT SIZE 100.000 X 140 OR 16903-2678-79 0895 1

Ownership

  • Current Owner : BA 0208 LLC
  • Previous Owner : IVAN MONTOYA LIVING TRUST
  • Previous Owner 2: DE LA CAMARA
  • Owner Before Previous Owner: SPENCE MARYANN
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: KEY BISCAYNE
  • Census Tract: 004602

Zoning

  • Zoning: 2000

Geography

  • Assessors Map Reference: 325
  • District: 24
  • Parcel: 24-5205-024-0210
  • Block: 8
  • Lot: 6
  • Meridian: SEC 05 TWN 55S RNG 42E
  • Municipality: KEY BISCAYNE
  • Latitude: 25.6836
  • Longitude: -80.1632

    Address

  • Full Address: 151 Cape Florida Dr
  • Address - House Number: 151
  • Address - Street Name: Cape Florida
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Key Biscayne
  • Carrier Code: C079
  • 4-Digit Zip Code: 2708
  • Zip Code: 33149

Valuation

    Tax

  • Total Area: 4,518
  • Tax Year: 2023
  • Tax Amount: $24,911
  • Tax Rate Code Area: 2400

    Appraisal Valuation

  • Standard Deviation: 0.1354
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 6,921,136
  • High Value: 7,858,840
  • Low Value: 5,983,433

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $7,000,000
  • First Open Lien Mortgage Lender: HSBC BANK USA NA
  • First Open Lien Mortgage Recording Date: Nov 13, 2023
  • First Open Lien Mortgage Loan Amount: $7,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2053

    Market Valuation

  • Market Total Value: $5,624,436
  • Market Land Value: $4,998,000
  • Market Improvement Value: $626,436

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,486,487

    Sales

  • Current Sale Contract Date: Oct 07, 2023
  • Current Sale Recording Date: Nov 13, 2023
  • Current Sale Transaction ID: 11916858748
  • Current Sale Price: $9,390,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 810764
  • Previous Sale Recording Date: Aug 31, 1995
  • Previous Sale Contract Date: Aug 24, 1995
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HSBC BANK USA NA
  • First Mortgage Transaction Date: Nov 13, 2023
  • First Mortgage Loan Amount: $7,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: NORTHSTAR MTG CO
  • Previous Mortgage Transaction Date: Aug 31, 1995
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $770,000



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
7 Baths
4,225 ft²
$1,845/ft²
$7,795,000 Oct 20, 2023
-
$4,612/mo
House
6 Beds
7 Baths
5,299 ft²
$1,463/ft²
$7,750,000 May 15, 2023
-
$2,893/mo
Condo
4 Beds
7 Baths
3,787 ft²
$2,456/ft²
$9,300,000 Aug 23, 2023
-
$12,321/mo
House
7 Beds
6 Baths
5,074 ft²
$1,872/ft²
$9,500,000 Sep 11, 2023
-
$12,570/mo

About Key Biscayne


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Frequently Asked Questions

When was property at 151 Cape Florida Drive built and last sold?
The property at 151 Cape Florida Drive was built in 1970 and last sold on Oct 7, 2023 for $9,390,000.
How much is this home worth?
The estimated value of the home located at 151 Cape Florida Drive is $9,595,000.
What are some comparable homes to 151 Cape Florida Drive?
Homes that are comparable to 151 Cape Florida Drive include a house property at 730 North Mashta Drive, 695 Harbor Drive, 350 Ocean Drive.

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