$2,600,000
SOLD JUL 5, 2024

1075 Duval St Unit R15 Key West, FL 33040

Old Town Neighborhood
4 Beds
5 Baths
2,450 Sq Ft
2 Acres

Recently Sold

$1,061 Per Sq Ft

4% Below List Price

24 Days on Market

About This Home

As of July 2024

TRANSIENTLY Licensed, nightly rentals allowed! Stunning Income producing Penthouse in the heart of Old Town is now available to be yours! Conveniently located in sought after Duval Square just steps from Key West's best shops, restaurants and World Famous Duval Street. Upon entering the rooftop neighborhood from the elevator you are welcomed with beautifully manicured pathways which lead you to the developers condo, this is the ONLY 4 BR Penthouse in Duval Square. As you enter the home you will be greeted with soaring ceilings and over 2400 Square feet of living space. This Duval Square condo was renovated in 2017 and provides all the modern amenities. On the first floor you will find living room, parlor, kitchen and the first floor bedroom with en suite bath. A half bath is conveinantly located off kitchen for guest use. The living room and parlor open up to your private balcony with lounge area to enjoy a cocktail or watch your favorite sporting event. Take the interior or exterior staircase to the second floor where you will find three comfortable bedrooms with en suite baths. The primary suite is light filled, spacious and includes a private balcony with clawfoot soaking tub. Amenities include a beautiful pool, cabana and seating area overlooking Duval Street. The perfect space to enjoy the Key West Sunshine while having a birds eye view of the action on Duval Street. A new AC system was just installed in 2024.Two covered parking spaces will convey with the sale. The home comes fully furnished with advance bookings already in place. Gross rental income for 2022 is 280K, 264K in 2023 and 170K ++ already on the books for 2024. This is your chance to own a beautifully appointed condo with transient license. You have a winner!

Last Agent to Sell the Property

Paige Bethel

Island Home Realty Inc. License #3382346

Last Buyer's Agent

Angelina Will

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3485231

Berkshire Hathaway HomeServices Knight & Gardner Realty

Map

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,217

Year Built

1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: Yes
  • Association Fee: 3179.00
  • Mandatory HOA: Yes
  • Fee Includes: Cable, Common Area Mnt, Building Insurance, Bldg Exterior Mnt
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 17217.34
  • Title: Negotiable
  • Vehicle Storage: Garage
  • Vehicle Storage Cars: 2
  • Year Built: 1987
  • Alternate Key Number: 8755325
  • Cooling Heating: Central Air
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck
  • Association Info Condo Docs: Yes
  • License Info Number Of City License: 1
  • License Info Number Of County License: 1
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 2450.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Window Treatments, Quartz Countertops, Walk-in Closet(s), Storage, Smoke Alarms, Sky Light(s), Elevator, Pantry
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Laminate, Combo
  • Half Bathrooms: 1
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Aluminum Windows
  • Total Bedrooms: 4
  • Accessibility Features: Parking

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Storage
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X,0.2 PCT ANNUAL CHA
  • Parcel Number: 00027090-000142
  • Land Size: 1/2 - Less Than 1 AC

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2024 07/05/24 Sold $2,600,000 -3.7% $1,061 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $2,699,000 +8.0% $1,102 / Sq Ft
03/15/2023 03/15/23 Sold $2,500,000 0.0% $1,020 / Sq Ft
01/20/2023 01/20/23 Price Changed $2,500,000 -3.8% $1,020 / Sq Ft
12/29/2022 12/29/22 For Sale $2,600,000 +20.9% $1,061 / Sq Ft
06/30/2021 06/30/21 Sold $2,150,000 -2.1% $878 / Sq Ft
01/18/2021 01/18/21 For Sale $2,195,000 +37.2% $896 / Sq Ft
06/15/2018 06/15/18 Sold $1,600,000 -19.8% $653 / Sq Ft
06/02/2018 06/02/18 Pending -- -- --
11/20/2017 11/20/17 For Sale $1,995,000 -- $814 / Sq Ft
Source: Key West Association of REALTORS®

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 $17,217 $2,103,821 -- $2,103,821
2023 $17,217 $2,003,236 $0 $2,003,236
2022 $16,077 $1,893,905 $0 $1,893,905
2021 $10,856 $1,190,830 $0 $1,190,830
2020 $10,823 $1,190,830 $0 $1,190,830
2019 $11,859 $1,297,853 $0 $1,297,853
2018 $9,419 $1,044,930 $0 $0
2017 $8,792 $964,243 $0 $0
2016 $8,334 $836,424 $0 $0
2015 $7,860 $773,052 $0 $0
2014 $7,326 $664,569 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,075,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $2,600,000 None Listed On Document
Warranty Deed $2,500,000 --
Warranty Deed $2,150,000 Gulf Coast Title
Warranty Deed $1,600,000 None Listed On Document
Warranty Deed $725,000 Attorney
Warranty Deed $370,000 --
Warranty Deed $135,000 --
Warranty Deed $290,000 --
Warranty Deed $248,900 --
Warranty Deed $350,000 --
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 609952

Key West Association of REALTORS®

APN: 00027090-000142