NOT LISTED FOR SALE

Estimated Value: $2,973,000 - $4,209,000

3 Beds
2.5 Baths
2,960 Sq Ft
$1,183/Sq Ft Est. Value

Last Sold December 12, 2014

Last sale price $1,475,000 $498 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $20,980/month

655 Days on Market

Highlights

  • Beach
  • Tennis Courts
  • Clubhouse
  • Property fronts gulf or ocean
  • 0.94 Acre Lot
  • 1-minute walk to The Park

About This Home

As of December 2014

This landmark fully renovated iconic Shark Key house sets the tone for fine luxury waterfront living. Surrounded by water on three sides, this is close to an acre of land. The home has incredible sunrise views of the National Marine Sanctuary and is located on a very private lot. Solid concrete construction with blue glazed tile roof, hand carved mahogany front doors and a dramatic slate tile walkway entrance, this house is sure to impress. Fully renovated from the kitchen to the bathrooms, this is a must see on Shark Key. Shark Key is a luxury waterfront gated community with tennis courts, a swimming lagoon and a beautiful club house.

Last Agent to Sell the Property

Will Langley

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3242135 Listed on: 02/25/2013

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Bryan Rundio

Ocean Sotheby's International License #3291854

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,052

Year Built

  • Built in 1988

Lot Details

  • 0.94 Acre Lot
  • Property fronts gulf or ocean
  • Sprinkler System
  • Property is zoned SC - Sub Urban Commercial District

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Split Level Home
  • Tile Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,960 Sq Ft Home
  • Bar
  • Tray Ceiling
  • Cathedral Ceiling
  • Sliding Doors
  • Tile Flooring
  • Gulf Views
  • Complete Roll Down Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Covered Parking
  • Electric Gate

Outdoor Features

  • Tennis Courts
  • Lanai
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air

Community Details

Overview

  • Association fees include common area mnt, security
  • Shark Key Subdivision

Amenities

  • Clubhouse

Recreation

  • Beach
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,052

Year Built

Built in 1988

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 1200.00
  • Mandatory HOA: Yes
  • Control Depth: 2
  • Fee Includes: Common Area Mnt, Security
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Shark Key
  • K W Neighborhood: Outside of Key West
  • Mile Marker: 12.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Tennis Courts, Fire Hydrant, Clubhouse
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 11052.00
  • Title: Title Ins - Buyer
  • Vehicle Storage: Covered Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1988
  • Alternate Key Number: 8737335
  • Building Style: Split Level
  • Cooling Heating: Central Air
  • Lot Sq Ft: 40848.00
  • Association Maintenance Fee Per: Quarterly
  • Shutters: Other, Roll Down Manual
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 2960.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bar, Tray Ceilings, Pantry, Split Bedroom, Granite Counter Top, Cathedral Ceilings
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Microwave, Refrigerator, Range, Oven, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Glass Doors, Sliding Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: Gulf Front, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Lanai, Storage, Tennis Court(s), Sprinkler System, Lighting
  • Roof: Tile Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: No

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.94

Rental Info

  • Furnished: Negotiable

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2013
Closed on
Dec 12, 2014
Sold by
Whitehead Michael D and Whitehead Tammy Peters
Bought by
Loos Doug H and Douglas H Loos Revocable Trust
Seller's Agent
Will Langley
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Bryan Rundio
Ocean Sotheby's International
List Price
$1,649,000
Sold Price
$1,475,000
Premium/Discount to List
-$174,000
-10.55%
Total Days on Market
655
Current Estimated Value
$3,502,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,027,524
Avg. Annual Appreciation
8.25%

Purchase Details

Closed on
May 4, 2012
Sold by
West Lynn E and West Philip A
Bought by
Whitehead Michael D and Whitehead Tammy Peters

Purchase Details

Closed on
Aug 13, 2003
Sold by
West Philip A and West Lyan E
Bought by
West Lyan E and West Philip A

Purchase Details

Closed on
Jun 29, 2000
Sold by
Alukonis Stanley and Alukonis Sophie S
Bought by
Frank Keevan And Son Inc

Purchase Details

Closed on
Aug 6, 1999
Sold by
Shark Key Development Corporation
Bought by
Varacchi John A and Varacchi Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 1999
Sold by
Peterson Bonar D and Peterson Helga Peterson
Bought by
West Philip A and West Lynn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1992
Bought by
Loos Douglas H Revocable Trust 12/13/2010
Source: Public Records

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Range of Values:

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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
Loos Doug H $1,475,000 True Title Agency Inc
Whitehead Michael D $1,145,000 Attorney
West Lyan E -- --
Frank Keevan And Son Inc $150,000 --
Varacchi John A $205,000 --
West Philip A $620,000 --
Loos Douglas H Revocable Trust 12/13/2010 $535,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner West Lynn E $500,000
Previous Owner West Lynn E $417,000
Previous Owner West Philip A $496,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2014 12/12/14 Sold $1,475,000 -10.6% $498 / Sq Ft
12/12/2014 12/12/14 Pending -- -- --
02/25/2013 02/25/13 For Sale $1,649,000 -- $557 / Sq Ft
Source: Florida Keys Board 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 $11,028 $1,329,520 -- --
2023 $11,028 $1,290,797 $0 $0
2022 $10,731 $1,253,201 $0 $0
2021 $11,136 $1,216,700 $0 $0
2020 $11,091 $1,199,902 $633,093 $566,809
2019 $11,120 $1,198,256 $0 $0
2018 $11,219 $1,175,914 $0 $0
2017 $10,896 $1,151,728 $0 $0
2016 $10,988 $1,128,040 $0 $0
2015 $12,745 $1,262,391 $0 $0
2014 $12,369 $1,244,927 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 117747

Florida Keys Board of REALTORS®

APN: 00159252-007400