540 Sabal Palm Dr, Key Biscayne, FL 33149 Property Records

Miami-Dade County property record for 540 Sabal Palm Dr, Key Biscayne, FL 33149

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 2,011 sqft · built 1954
Lot Size	0.222 acres (9,649 sqft)
Owner	2 Individual Names on Record
Last Sale	$815,000 (Sep 2003)
Tax Bill	$18,545 (2025)
Deeds & Mortgages	Jul 2026 Reverse Mortgage Jun 2023 Line of Credit + 2 more
Flood Zone	Zone AE (high risk)
APN	`24-5205-004-0150`

Property Details

APN / Parcel Number

Primary APN	`24-5205-004-0150`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Stories	1 Story
Building Area	2,011 sqft Living Area
Gross Area	3,227 sqft
1st Floor Area	2,011 sqft

Exterior

Year Built	Built 1954
Effective Year Built	Effective 1986
Exterior Material	Concrete Block
Construction Type	Concrete Block
Lot Area	9,649 sqft (0.222 acres)
Lot Dimensions	127 ft deep x 76 ft wide
Garage Area	136 sqft
Porch	Porch
Porch Area	309 sqft
Patio Area	220 sqft

Location & Zoning

Street Address	540 SABAL PALM DR
City	KEY BISCAYNE
State	FL
Zip	33149-1821
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	0100
Legal Description	TROPICAL ISLE HOMES SUB 2ND ADDN PB 50-75 LOT 2 BLK 11 LOT SIZE 75.980 X 127 OR 21170-3339 04/2003 1 COC 21660-1074 09 2003 1
Legal Range	42E
Legal Township	55S
Legal Section	05
Legal Subdivision	TROPICAL ISLE HOMES SUB 2ND ADDN
Legal Block	11
Legal Lot Number	2
Jurisdiction	DADE FL
Township / Civil Division	KEY BISCAYNE
Census Block Group	3
Census Block	3032
Census Tract	4602

Owner

Source: Miami-Dade County records, as of October 21, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	2 Individual Names on Record
Mailing Address	540 SABAL PALM DR, KEY BISCAYNE, FL 33149-1821
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Jul 8, 2026	Deed of Trust, Mortgage · Reverse Mortgage FINANCE OF AMERICA REVERSE LLC
Jun 16, 2023	Deed of Trust, Mortgage · Line of Credit EDUCATIONAL FCU
Jun 27, 2018	Deed of Trust, Mortgage · ARM PROFESSIONAL BANK
Dec 14, 2021	Deed of Trust, Mortgage · Conventional Mortgage EDUCATIONAL FCU

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Sep 18, 2003 · Amount on Record
Deed Sale	Sep 18, 2003 · Amount on Record
Prior Sale	Apr 11, 2003 · Amount on Record
Deed Document Number	2003696211
Deed Book / Page	21660 / 1074
Record Updated	Oct 29, 2026

July 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DADE FL
Recording Date	Jul 8, 2026
Property Address	540 SABAL PALM DR, KEY BISCAYNE, FL 33149-1821
Document Number	0000462538
Book / Page	35386 / 3536
Instrument Date	Jun 24, 2026
Instrument	2026462538
Transaction Type	Mortgage
Record Updated	Jul 28, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	540 SABAL PALM DR, KEY BISCAYNE, FL 33149-1821

Mortgage

Document Number	0000462538,
Date	Jul 8, 2026
Book Page	35386/3536
Instrument	2026462538

Lender

Name	FINANCE OF AMERICA REVERSE LLC

Agreement

Type	Reverse Mortgage
Amount	Amount Recorded
Term	977 Months
Due	Dec 19, 2107

Interest

Rate	6.53%
Max Rate	-1%

June 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DADE FL
Property Address	540 SABAL PALM DR, KEY BISCAYNE, FL 33149-1821
Transaction Type	Mortgage
Record Updated	Jul 12, 2023
Title Company	MORTGAGE INFORMATION SERVICES, MORTGAGE INFORMATION SVCS

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	540 SABAL PALM DR, KEY BISCAYNE, FL 33149-1821

Mortgage

Document Number	0000412428
Date	Jun 16, 2023
Book Page	33752/2659
Instrument	2023R0412428

Lender

Name	EDUCATIONAL FCU
Type	Credit Union
Address	MIAMI, FL 33183

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	240 Months
Due	Jun 19, 2043

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

June 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DADE FL
Property Address	540 SABAL PALM DR, KEY BISCAYNE, FL 33149-1821
Transaction Type	Mortgage
Record Updated	Jul 29, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000379141
Date	Jun 27, 2018
Book Page	31032/0287
Instrument	2018R0379141

Lender

Name	PROFESSIONAL BANK
Type	Bank
Address	MIAMI, FL 33134

Agreement

Type	ARM
Amount	Amount Recorded
Term	361 Months
Due	Jul 1, 2048

Interest

Rate Type	Adjustable Rate
Rate	4.75%
Type Change Date	Jul 1, 2025
Change Frequency	Annually
Min Rate At Change	4.75%
Max Rate At Change	9.75%
Index	1-Year CMT
Margin	3
Max Rate	9.75%

December 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DADE FL
Property Address	540 SABAL PALM DR, KEY BISCAYNE, FL 33149-1821
Transaction Type	Mortgage
Record Updated	Jul 29, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	540 SABAL PALM DR, KEY BISCAYNE, FL 33149-1821

Mortgage

Document Number	0000935054
Date	Dec 14, 2021
Book Page	32903/2526
Instrument	2021R0935054

Lender

Name	EDUCATIONAL FCU
Type	Credit Union
Address	MIAMI, FL 33183

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Dec 1, 2051

Tax Assessment & Valuation

Source: Miami-Dade County assessment roll, as of October 21, 2026

Property Jurisdictions

Type	Name
State	Florida
County	Miami-Dade County
Municipality	Key Biscayne Village
Unified School District	Dade County School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$18,545.00 (+3.75%) Homeowner's exemption	$1,141,183 (+5.99%)	$2,800,657 (+12.41%) Land $2,508,740 Building $291,917
2023	$17,875.00 (+4.46%) Homeowner's exemption	$1,076,721 (+3%)	$2,491,539 (+26.12%) Land $2,219,270 Building $272,269
2022	$17,111.00 Homeowner's exemption	$1,045,361	$1,975,523 Land $1,703,048 Building $272,475

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective January 25, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone AE high risk
100-Year Floodplain	Yes 1% annual chance
Floodway	No
Base Flood Elevation	10.0 ft
Flood Insurance Requirement	Required federally backed loans
Flood Insurance Cost	Premium on Record median of 489 individual policies
Community Rating System	Class 8 (10% premium discount)
Nearby Flood Policies	548 units insured incl. 59 condo units
Nearby Flood Claims	790 (1979–2021)
Most Recent Claim	Oct 2021 · rainfall accumulation
Claims by Event	Hurricane Irma, Sep 2017 · 69 claims Hurricane Katrina, Aug 2005 · 44 claims Hurricane Andrew, Aug 1992 · 565 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	MDWASA - MAIN SYSTEM serves 2,377,460 people · EPA ID FL4130871
Water Source	Groundwater
Last State Inspection	Dec 2023
Lead	3 ppb (2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	6 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 533 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · DSL · Fixed Wireless in parts of the area	5,000 / 5,000
Xfinity Cable	2,000 / 250
T-Mobile Fixed Wireless	100 / 20

May also be available: Verizon.

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