NOT LISTED FOR SALE

1025 W Ocean Dr Unit 2 Key Colony Beach, FL 33051

Estimated Value: $629,000 - $988,000

2 Beds
2 Baths
1,308 Sq Ft
$1,333/mo HOA Fee

Last Sold May 25, 2023

Last sale price $860,000 $657 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,464/month

151 Days on Market

Highlights

  • Ocean Front
  • Beach
  • In Ground Pool
  • Coral Shores High School Rated A
  • Sandy Beach
  • Balcony

About This Home

As of May 2023

A rare opportunity to own an ocean front unit I the Egret Condominiums. This two bedroom, two bath unit offers spacious open floor plan living, elevator access, covered parking, tons of storage, impact windows, electric shutters, steam shower, resort styled pool, sandy beach, and much more. Conveniently located within walking distance to tennis, golf, marina, restaurants, bars, shopping, and parks. What more could want for you escape to the Keys. Please call for more information.

Last Agent to Sell the Property

Lynn Lucas

Berkshire Hathaway HomeServices Keys Real Estate License #653995 Listed on: 11/19/2022

Berkshire Hathaway HomeServices Keys Real Estate

Last Buyer's Agent

Gaby Pozzi

Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys License #123456

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,736

Year Built

  • Built in 1978

Lot Details

  • Ocean Front
  • Sandy Beach

HOA Fees

  • $1,333 Monthly HOA Fees

Home Design

  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,308 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Storage
  • Tile Flooring
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Covered Parking
  • Electric Gate

Outdoor Features

  • In Ground Pool
  • Balcony
  • Outdoor Storage

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00078870-000100

Community Details

Overview

  • Association fees include sewer, common area mnt, building insurance, bldg exterior mnt, water, exterminating
  • 6 Units
  • Egret Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Pet Policy

  • Pet Restriction: 35 LB.

Security

  • Complete Electric Power Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,736

Year Built

Built in 1978

Lot Details

0

HOA Fees

$1,333 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 4000.00
  • Mandatory HOA: Yes
  • Fee Includes: Sewer, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Exterminating
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 54.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Bike Paths, Other Area Features, Beach
  • Pets W Restrictions: 35 LB.
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 6736.20
  • Title: Title Ins - Buyer
  • Vehicle Storage: Covered Parking
  • Year Built: 1978
  • Alternate Key Number: 1085103
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Shutters: Roll Down Electric
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 1308.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Pantry, Built-in Cabinets, Walk-in Closet(s), Storage, Elevator
  • Floor Number: 2.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Disposal, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Sandy Beach, Storage
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Community Swr Plant, Elect Separate Meter, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,AE,AE,VE
  • Parcel Number: 00078870-000100
  • Land Size: 1/2 - Less Than 1 AC

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 6.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2022
Closed on
May 24, 2023
Sold by
Alene E Teynor Revocable Trust
Bought by
Burch William and Burch Jennifer
Seller's Agent
Lynn Lucas
Berkshire Hathaway HomeServices Keys Real Estate
Buyer's Agent
Gaby Pozzi
Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys
List Price
$899,000
Sold Price
$860,000
Premium/Discount to List
-$39,000
-4.34%
Views
210
Current Estimated Value
$830,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,873
Avg. Annual Appreciation
-1.51%
Original Mortgage
$860,000
Outstanding Balance
$832,899
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
-$1,420

Purchase Details

Listed on
Apr 18, 2017
Closed on
Jun 28, 2017
Sold by
Modzelewski Mark and Modzelewski Karin M
Bought by
Stoll Geoffrey L and Teynor Alene E
Seller's Agent
Kristen Brenner
Duck Key Realty, Inc.
Buyer's Agent
Jody Owen
American Caribbean Real Estate - Middle Keys
List Price
$735,000
Sold Price
$735,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.70%

Purchase Details

Closed on
Apr 1, 1991
Bought by
Modzelewski Mark and Modzelewski Karin M

Purchase Details

Closed on
May 1, 1986
Bought by
Modzelewski Mark and Modzelewski Karin M

Purchase Details

Closed on
Dec 1, 1978
Bought by
Modzelewski Mark and Modzelewski Karin M
Source: Public Records

Range of Values:

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Average Value
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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
Burch William $860,000 None Listed On Document
Stoll Geoffrey L $735,000 Attorney
Modzelewski Mark $210,000 --
Modzelewski Mark $177,000 --
Modzelewski Mark $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burch William $860,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2023 05/25/23 Sold $860,000 -4.3% $657 / Sq Ft
11/19/2022 11/19/22 For Sale $899,000 +22.3% $687 / Sq Ft
06/30/2017 06/30/17 Sold $735,000 0.0% $562 / Sq Ft
06/01/2017 06/01/17 Pending -- -- --
04/18/2017 04/18/17 For Sale $735,000 +25.6% $562 / Sq Ft
04/30/2014 04/30/14 Sold $585,000 -2.2% $447 / Sq Ft
01/11/2014 01/11/14 Pending -- -- --
04/06/2013 04/06/13 For Sale $598,000 -- $457 / 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 $7,281 $702,472 -- $702,472
2023 $7,281 $702,472 $0 $702,472
2022 $6,903 $669,796 $0 $669,796
2021 $6,736 $626,227 $0 $626,227
2020 $6,639 $639,301 $0 $639,301
2019 $6,379 $612,063 $0 $612,063
2018 $6,226 $621,330 $0 $0
2017 $5,245 $544,116 $0 $0
2016 $4,927 $473,309 $0 $0
2015 $4,964 $473,309 $0 $0
2014 $4,820 $446,028 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Lucas

    Seller's Agent in 2023

    Lynn Lucas

    Berkshire Hathaway HomeServices Keys Real Estate

    (305) 393-0559

    169 Total Sales

    Lynn Lucas
    Section Image

  • G

    Buyer's Agent in 2023

    Gaby Pozzi

    Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys

  • K

    Seller's Agent in 2017

    Kristen Brenner

    Duck Key Realty, Inc.

    (561) 504-2554

    13 Total Sales

    Kristen Brenner
    Section Image

  • J

    Buyer's Agent in 2017

    Jody Owen

    American Caribbean Real Estate - Middle Keys

  • D

    Seller's Agent in 2014

    David Grego

    Island Breeze Realty Branch Office

    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 603155

APN: 00078870-000100

Florida Monroe County Key Colony Beach 33051

1025 W Ocean Dr Unit 2, Key Colony Beach, FL

This home is located at 1025 W Ocean Dr Unit 2, Key Colony Beach, FL 33051 since 19 November 2022 and is currently estimated at $830,127, approximately $634 per square foot. This property was built in 1978. 1025 W Ocean Dr Unit 2 is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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