688 FERNWOOD RD, Key Biscayne, FL 33149

Parcel: 2452050010210 · Residential - Single Family · 1 Unit · Zoning: 5700

Assessed Value (2025)
$2,012,400

Property Details

Beds
5
Baths
3
Living Sqft
2,248
Year Built
1951
Lot Sqft
7,500
Stories
2
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$100non-market transfer
2013-07-30
CARMEN DUANY (TR)SERGIO ANDRES MENDOZA
2
$625,000
2015-04-01
SERGIO ANDRES MENDOZASERGIO ANDRES MENDOZA
3
$2,580,000+313%
2025-04-23
SERGIO ANDRES MENDOZAVENTURE CINCO LLC
4
$2,580,000
2025-05-15

Tax Assessment History

$2,012,400
Assessed (2025)
$2,012,400
Market Value
$2,012,400
Taxable Value
$40,971
Annual Tax
2024
$2,136,849
2025
$2,012,400
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $2,012,400 $2,012,400 $2,012,400 $40,971
2024 $2,136,849 $2,136,849 $2,136,849 $43,505

About 688 FERNWOOD RD, Key Biscayne, FL 33149

688 FERNWOOD RD, Key Biscayne, FL 33149 is a 5-bedroom, 3-bathroom residential - single family : 1 unit built in 1951 with 2,248 square feet of living space on a 7,500 square foot lot. The property is currently owned by VENTURE CINCO LLC PAEGO INVESTMENT LLC, 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 2025-05-15 for $2,580,000. There are 4 recorded sales for this property. The 2025 assessed value is $2,012,400 with a market value of $2,012,400.

This breaks down to $1,747,231 for the land and $265,169 for the building. The assessed value decreased 6% from $2,136,849 in 2024. The median household income in this area is $250,001, and the median home value is $2,000,001.

The population density is 3,407 people per square mile. 688 FERNWOOD RD, 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 2013 to 2025, with 4 recorded transactions in the public record. The current assessed value represents 78% of the most recent sale price. Based on the most recent sale, this property traded at $1148 per square foot — a key metric for comparing value across Key Biscayne's real estate market..

Current Owner

VENTURE CINCO LLC PAEGO INVESTMENT LLC
4610 NW 7 AVE, MIAMI, FL, 33127
Since: 2026-04-19
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Est. Annual Insurance

$24,548 — $45,072
Flood $400 — $800
Property/Wind $24,148 — $44,272

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$250,001
Median Home Value$2,000,001
Pop. Density3,407/sq mi

Neighborhood 33149

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