107 REEF LN VILLA 7, Key Biscayne, FL 33149

Parcel: 2442320291490 · Residential · Condominium - Residential · Zoning: 5000

Assessed Value (2025)
$7,161,735

Property Details

Beds
7
Baths
5.5
Living Sqft
5,074
Year Built
2014
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$50,000
2019-12-17
MARCELO G FRANCORMLMBR LLC
2
$5,500,000+10900%
2019-12-17
MARCELO G FRANCORMLMBR LLC
3
$9,000,000+64%
2024-07-11
RMLMBR LLCCARLOS PADULA TRS
4
$9,000,000
2024-07-17

Tax Assessment History

$7,161,735
Assessed (2025)
$7,161,735
Market Value
$7,161,735
Taxable Value
$145,807
Annual Tax
2024
$5,551,601
$6,820,700
2025
$7,161,735
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $7,161,735 $7,161,735 $7,161,735 $145,807
2024 $5,551,601 $6,820,700 $5,551,601 $113,026

About 107 REEF LN VILLA 7, Key Biscayne, FL 33149

107 REEF LN VILLA 7, Key Biscayne, FL 33149 is a 7-bedroom, 5.5-bathroom residential - total value : condominium - residential built in 2014 with 5,074 square feet of living space. The property is currently owned by CARLOS PADULA TRS 2023 CC TRUST, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2024-07-17 for $9,000,000. There are 4 recorded sales for this property. The 2025 assessed value is $7,161,735 with a market value of $7,161,735.

The assessed value increased 29% from $5,551,601 in 2024. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone.

The median household income in this area is $170,682, and the median home value is $1,539,500. The population density is 16,591 people per square mile. 107 REEF LN VILLA 7, Key Biscayne, FL 33149 is located in Key Biscayne, Florida.

Property records, tax assessments, sales history, and ownership information for this Key Biscayne property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2019 to 2024, with 4 recorded transactions in the public record. The current assessed value represents 80% of the most recent sale price.

Based on the most recent sale, this property traded at $1774 per square foot — a key metric for comparing value across Key Biscayne's real estate market..

Current Owner

CARLOS PADULA TRS 2023 CC TRUST
2121 PONCE DE LEON SUITE 420, CORAL GABLES, FL, 33134
Since: 2026-04-19
View owner profile →

People Behind This Entity

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$43,370 — $72,417
Flood $400 — $800
Property/Wind $42,970 — $71,617

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$170,682
Median Home Value$1,539,500
Pop. Density16,591/sq mi

Neighborhood 33149

34.2%
Owner-Occ
65.8%
Investor
119
Flips (4yr)
3,025
New Biz (3yr)
Distress Risk
MODERATE
36
View full risk analysis →
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