NOT LISTED FOR SALE

1 Driftwood Terrace Key West, FL 33040

Estimated Value: $2,395,410 - $2,581,000

5 Beds
3 Baths
3,014 Sq Ft
$814/Sq Ft Est. Value

Last Sold April 09, 2024

Last sale price $2,225,000 $738 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $13,412/month

95 Days on Market

Highlights

  • Dock made with concrete
  • Home fronts a canal
  • Cathedral Ceiling
  • In Ground Pool
  • Fruit Trees
  • Granite Countertops

About This Home

As of April 2024

Discover this amazing opportunity for waterfront living in this exquisite 5-bedroom, 3-bathroom home just outside Key West in Key Haven. With a sprawling 3,014 sq ft of living space and an expansive 2,000 sq ft garage, this property offers so much! The interior features a central great room, large open kitchen, oversized bedrooms, and new luxury vinyl plank flooring throughout. Bask in the Florida Keys sunshine by your large pool overlooking the serene canal, or embark on aquatic adventures from your private 28' dock with exceptional boating access and a 10k boat lift. Nestled in a prime location, this home offers the perfect blend of tranquility and proximity to Key West's vibrant culture. Boaters, car enthusiasts, and those seeking a coastal haven will find their paradise here. Embrace the Florida Keys lifestyle - schedule a showing and make this waterfront retreat yours. (There is a dumb waiter that is designed to be converted to a full elevator. )

Last Agent to Sell the Property

Sandra Tuttle

Island Welcome Real Estate License #3093204 Listed on: 11/21/2023

Last Buyer's Agent

Karen Haack

Prudential Keyside Prop/BPK

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $457

Year Built

  • Built in 1998

Lot Details

  • 0.27 Acre Lot
  • Home fronts a canal
  • Fenced
  • Fruit Trees
  • Property is zoned IS - Improved Subivision District

Parking

  • 4 Car Attached Garage

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 3,014 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Sliding Doors
  • Entrance Foyer
  • Vinyl Flooring
  • Canal Views
  • Complete Accordion Shutters

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Pool Deck

Outdoor Features

  • Dock made with concrete
  • Balcony
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Cistern
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Key Haven 10Th Add Subdivision

Listing and Financial Details

  • Minimum Rental Period: 28
  • Other Tax Exemptions
  • Assessor Parcel Number 00140020-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$457

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 3
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Key Island: Key Haven
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 5.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 457.15
  • Title: Negotiable
  • Vehicle Storage: Garage, Attached
  • Vehicle Storage Cars: 4+
  • Year Built: 1998
  • Alternate Key Number: 1174165
  • Cooling Heating: Central Air, Ceiling Fans(s), Heat Pump
  • Lot Sq Ft: 11667.00
  • Pool Info: In Ground, Decked
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Accordion, Bahama
  • Species List: Yes
  • Tax Exemptions: Disability
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 3014.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Granite Counter Top, Built-in Cabinets, Entrance Foyer, Split Bedroom
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Vinyl
  • Windows/Doors: Sash/Screen Window, Glass Doors
  • Total Bedrooms: 5

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Fencing, Storage, Fruit Tree(s)
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer, Cistern
  • Heating: Central, Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00140020-000000
  • Lot Size: 101 x 110 x 28 x100 x 83
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.27

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2023
Closed on
Apr 9, 2024
Sold by
Greene Daniel and Greene Danielle Novetzke
Bought by
Martin Brian D and Martin Britt
Seller's Agent
Sandra Tuttle
Island Welcome Real Estate
Buyer's Agent
Karen Haack
Prudential Keyside Prop/BPK
List Price
$2,500,000
Sold Price
$2,225,000
Premium/Discount to List
-$275,000
-11%
Views
83
Current Estimated Value
$2,454,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,603
Avg. Annual Appreciation
7.38%
Original Mortgage
$1,425,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2019
Closed on
Feb 7, 2020
Sold by
Parsons John D and Parsons Emily H
Bought by
Greene Daniel Anthony and Greene Danielle Novetzkie
Seller's Agent
Gloria Sellers
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Sandra Tuttle
American Caribbean Real Estate Lower Keys
List Price
$1,299,000
Sold Price
$1,145,000
Premium/Discount to List
-$154,000
-11.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.27%

Purchase Details

Closed on
Oct 5, 2018
Sold by
Christenson Sharon
Bought by
Martinez Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.5%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 6, 1996
Sold by
Key Haven Sales Inc
Bought by
Parsons John D and Parsons Emily H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
6.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Martin Brian D $2,225,000 None Listed On Document
Martin Brian D $2,225,000 None Listed On Document
Greene Daniel Anthony $1,145,000 None Available
Martinez Michael D $138,500 Attorney
Parsons John D $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Brian D $1,425,000
Previous Owner Martinez Michael D $150,000
Previous Owner Parsons John D $50,000
Previous Owner Parsons John D $417,000
Previous Owner Parsons John D $419,000
Previous Owner Parsons John D $414,000
Previous Owner Parsons John D $100,000
Previous Owner Parsons John D $71,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2024 04/09/24 Sold $2,225,000 -7.3% $738 / Sq Ft
02/09/2024 02/09/24 Price Changed $2,400,000 -4.0% $796 / Sq Ft
11/21/2023 11/21/23 For Sale $2,500,000 +118.3% $829 / Sq Ft
02/07/2020 02/07/20 Sold $1,145,000 -11.9% $380 / Sq Ft
12/08/2019 12/08/19 Pending -- -- --
02/10/2019 02/10/19 For Sale $1,299,000 -- $431 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $457 $1,928,726 $1,377,114 $551,612
2023 $457 $997,389 $0 $0
2022 $446 $968,339 $0 $0
2021 $413 $930,912 $501,681 $429,231
2020 $7,818 $844,849 $0 $0
2019 $7,671 $825,855 $0 $0
2018 $7,733 $810,457 $0 $0
2017 $7,509 $793,788 $0 $0
2016 $7,568 $777,462 $0 $0
2015 $7,790 $772,058 $0 $0
2014 $8,060 $765,931 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 607529

APN: 00140020-000000