NOT LISTED FOR SALE

10 Sunset Key Dr Key West, FL 33040

Estimated Value: $4,695,000 - $6,785,000

3 Beds
4 Baths
2,513 Sq Ft
$2,190/Sq Ft Est. Value

Last Sold April 23, 2012

Last sale price $5,000,000 $1,990 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $35,727/month

93 Days on Market

Highlights

  • Dock Facilities
  • Property fronts gulf or ocean
  • Concrete Pool
  • Beach
  • Tennis Courts
  • Marble Flooring

About This Home

As of April 2012

This waterfront beach house has been featured in many national magazines. Directly on Crescent Beach with an unbelievable sunset view, this house has everything a luxury beachfront home could need. The downstairs master bedroom has doors leading out to the pool area and the beach. The children's room features a custom bunk bed recreation area. Imagine living on your own secluded island, but being only three minutes from historic downtown Key West accessible only by an island ferry which runs 24 hours a day. Life does not get any better than this!!!

Last Agent to Sell the Property

Robert Cardenas

Ocean Sotheby's International Realty Listed on: 01/03/2012

Last Buyer's Agent

368903 368903

10162 00

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,584

Year Built

  • Built in 2001

Lot Details

  • 5,711 Sq Ft Lot
  • Property fronts gulf or ocean
  • Fenced
  • Sprinkler System

HOA Fees

  • $2,521 Monthly HOA Fees

Property Views

  • Ocean
  • Gulf

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,513 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • French Doors
  • Sliding Doors
  • Laundry Room

Kitchen

  • Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Monitored
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 4 Car Detached Garage
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • First Come-First Served Dock
  • Dock Facilities
  • Tennis Courts
  • Outdoor Kitchen
  • Exterior Lighting

Utilities

  • Central Air

Community Details

Overview

  • Association fees include common area mnt
  • Sunset Key Island Unrcd Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Beach
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,584

Year Built

Built in 2001

Lot Details

0

HOA Fees

$2,521 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: 7562.69
  • Mandatory HOA: Yes
  • Dockage Dock: Other
  • Fee Includes: Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Sunset Key
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Tennis Courts, Other Area Features, Fire Hydrant
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 31584.01
  • Title: Negotiable
  • Vehicle Storage: Covered Parking, Off Street Parking, Detached
  • Vehicle Storage Cars: 4+
  • Year Built: 2001
  • Alternate Key Number: 8945190
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 5711.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Association Maintenance Fee Per: Quarterly
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2513.00
  • Pool Info Other Surroundings: Child Fence
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Pantry, Window Treatments, Smoke Alarms, Granite Counter Top, Fire Sprinkler
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Range, Refrigerator, Disposal
  • Floor: Marble, Wood
  • Specialty Rooms: Laundry Room
  • Windows/Doors: French Doors, Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Dock Privileges, First Come Dock
  • Waterfront: Gulf Front, Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Fencing, Sprinkler System, Outdoor Shower, Outdoor Kitchen, Lighting, Hot Tub
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Yes
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.13

Rental Info

  • Furnished: Negotiable

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2012
Closed on
Apr 19, 2012
Sold by
Wallace Donald W and Wallace Erika
Bought by
Real Estate Holdings International Ltd
Seller's Agent
Robert Cardenas
Ocean Sotheby's International Realty
Buyer's Agent
368903 368903
10162 00
List Price
$5,400,000
Sold Price
$5,000,000
Premium/Discount to List
-$400,000
-7.41%
Current Estimated Value
$5,503,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,799
Avg. Annual Appreciation
0.71%
Original Mortgage
$1,500,000
Outstanding Balance
$1,038,507
Interest Rate
3.96%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$4,465,292

Purchase Details

Closed on
Jan 3, 2012
Bought by
Real Estate Holdings International Ltd

Purchase Details

Closed on
Sep 1, 1999
Sold by
Parcel G Island Development Corp
Bought by
Wallace Donald W and Wallace Erika
Source: Public Records

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
Real Estate Holdings International Ltd $5,000,000 None Available
Real Estate Holdings International Ltd $100 --
Wallace Donald W $1,195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Real Estate Holdings International Ltd $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2012 04/23/12 Sold $5,000,000 -7.4% $1,990 / Sq Ft
04/05/2012 04/05/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $5,400,000 -- $2,149 / 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 $52,770 $6,582,800 $4,626,398 $1,956,402
2023 $52,770 $6,500,457 $4,626,398 $1,874,059
2022 $48,846 $6,398,072 $4,503,845 $1,894,227
2021 $44,800 $5,079,769 $3,523,416 $1,556,353
2020 $41,084 $4,668,199 $3,094,478 $1,573,721
2019 $41,613 $4,685,566 $3,094,478 $1,591,088
2018 $42,343 $4,665,516 $3,370,224 $1,295,292
2017 $42,699 $4,621,586 $0 $0
2016 $45,048 $5,022,921 $0 $0
2015 $43,417 $4,950,390 $0 $0
2014 $37,868 $3,612,129 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Robert Cardenas

    Ocean Sotheby's International Realty

  • 3

    Buyer's Agent in 2012

    368903 368903

    10162 00

  • B

    Buyer's Agent in 2012

    Bob Cardenas

    Ocean Sotheby's International

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 115854

Florida Keys Board of REALTORS®

APN: 00000200-000510

Florida Monroe County Key West 33040

10 Sunset Key Dr, Key West, FL

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