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$2,725,000

Beds
3
Baths
2.0
sq ft
1,662

785 Fernwood Rd, Key Biscayne, FL 33149

785 Fernwood Rd

Key Biscayne, FL 33149

  • 131 days on market
    • Price drop $25,000↓
Discover your dream home in Key Biscayne with this recently semi-improved property featuring a pool. Ideally located for building your ideal home, living, or renting, this residence sits on a serene, tranquil street. Plans and renderings for the envisioned home are available, showcasing the potential of this promising location. Situated near the beach, supermarkets, schools, and the park, this area is perfect for family living with plenty of outdoor activities nearby. Enjoy the peaceful ambiance and numerous recreational opportunities that Key Biscayne offers, making it an ideal choice for those seeking both relaxation and adventure.

Details

Property type

Single Family Residence

Est. home value

$2,472,648

Lot size

7,967 sq ft

Price per sq ft

$1,640

Year built

1952

Annual property taxes

$6,584

Price History

08/30/2024
SEF

SEF #A11614444

Price change
$2,725,000
-0.91%
08/21/2024
SEF

SEF #A11614444

Price change
$2,750,000
-1.79%
07/29/2024
SEF

SEF #A11614444

Price change
$2,800,000
-3.45%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Tennis Court(s)

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

First American Bank

Loan start date

January 2024

Original loan amount

$1,500,000

Est. remaining balance

Not provided

Interest rate

7.22%

Loan type

Commercial, 2 year

Seller

Habitat Grove Llc

Lender

First American Bank

Loan start date

January 2024

Original loan amount

$1,500,000

Est. remaining balance

Not provided

Interest rate

7.22%

Loan type

Commercial, 2 year

Seller

Habitat Grove Llc

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?

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789 Crandon Blvd Unit 403, Key Biscayne, FL 33149

Status: Active

Tomo last checked: 11/04/2024 at 11:25 PM

Listing updated: 10/21/2024 at 11:55 AM

Listed by: Martha Ledesma Guevara, EXP Realty LLC Phone #: (888) 883-8509

MLS: SEF #A11614444

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