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$1,395,000

Beds
3
Baths
2.0
sq ft
1,734

101 Ocean Lane Dr Unit 1017, Key Biscayne, FL 33149

101 Ocean Lane Dr Unit 1017

Key Biscayne, FL 33149

  • 64 days on market
    • Price drop $80,000↓
Located on the first floor at Ocean Village, a gated community and the most landscaped apartment complex in Key Biscayne. The entire 4-floor building is being renovated. 1017 is a corner unit with spacious floor plan featuring a living-dining-kitchen area relating to a sizable Lanai on a secluded landscaped cove. The floor is covered with imitation wood vinyl. The bathrooms have new vanities, showers & bidet. Ample closets throughout, some with Krosswood doors and Mortise locks. Hurricane windows. Two parking spaces. Ocean Village features a security gate, 2 pools, a hot tub, a gym and a recreation room.

Details

Property type

Condominium

Est. home value

$1,219,469

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$805

Year built

1982

Annual property taxes

$5,181

Monthly HOA fee

$2,122

Price History

03/31/2025
SEF

SEF #A11739269

Price change
$1,395,000
-5.42%
03/21/2025
SEF

SEF #A11739269

Price change
$1,475,000
-1.67%
02/05/2025
SEF

SEF #A11739269

Listed
$1,500,000
+15.38%

Schools & Community

Elementary school: 

Keybiscayne

Middle school: 

Ponce De Leon

High school: 

Coral Gables

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Liberty Home Equity Solutions Inc

Loan start date

June 2013

Original loan amount

$855,000

Est. remaining balance

Not provided

Interest rate

3.4%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage)

Seller

Wilfredo Borroto and Marilyn Borroto

Lender

Liberty Home Equity Solutions Inc

Loan start date

June 2013

Original loan amount

$855,000

Est. remaining balance

Not provided

Interest rate

3.4%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage)

Seller

Wilfredo Borroto and Marilyn Borroto

Lender

Peninsula Mortgage Bankers Cor

Loan start date

January 1998

Original loan amount

$198,000

Est. remaining balance

Not provided

Interest rate

7.17%

Loan type

New Conventional

Seller

Wilfredo Borroto

Lender

Peninsula Mortgage Bankers Cor

Loan start date

January 1998

Original loan amount

$198,000

Est. remaining balance

Not provided

Interest rate

7.17%

Loan type

New Conventional

Seller

Wilfredo Borroto

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/10/2025 at 4:50 PM

Listing updated: 03/31/2025 at 10:01 AM

Listed by: Marilyn Borroto, BHHS EWM Realty Phone #: (305) 361-5600

MLS: SEF #A11739269

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