$2,500,000
SOLD MAR 15, 2023

1075 Duval St Unit R15 Key West, FL 33040

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

Recently Sold

$1,020 Per Sq Ft

4% Below List Price

66 Days on Market

About This Home

As of July 2024

Transiently Licensed, 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 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, full kitchen and the first floor bedroom with en suite bath. Conveniently there is also a half bath 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 staircase to the second floor where you will find 3 additional bedrooms with en suite baths. The master includes its own private balcony with clawfoot soaking tub that stretches the length of the home. Duval Square provides 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. 2 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 and 130K + already on the books for 2023. 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 Listed on: 12/29/2022

Last Buyer's Agent

Suzanne Moore

Truman & Co. (KW)

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 Approval Required: Yes
  • Association Fee: 2357.00
  • Mandatory HOA: Yes
  • Voluntary HOA: No
  • 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
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 15594.00
  • Title: Negotiable
  • Vehicle Storage: Garage, Covered Parking, Off Street Parking, Assigned Parking, Carport
  • Vehicle Storage Cars: 2
  • Year Built: 1987
  • Alternate Key Number: 8755325
  • Building Style: Townhouse
  • Cooling Heating: Central Air
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck
  • Association Maintenance Fee Per: Monthly
  • 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
  • Building Style Stories: 2 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 2450.00
  • Pre Wired: Cable
  • G F Interior Features: Programmable Thermst
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Window Treatments, Quartz Countertops, Built-in Cabinets, Walk-in Closet(s), Smoke Alarms, Sky Light(s), Elevator, Pantry, Cathedral Ceilings
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Washer, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Laminate
  • Half Bathrooms: 1
  • Windows/Doors: Single Hung Windows, Impact Rstnce Doors, Aluminum Windows, Sliding Glass Doors
  • Total Bedrooms: 4
  • Accessibility Features: None

Exterior Features

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

Utilities

  • Security: Secured Building
  • Utilities: FKAA, Cable Available, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Jul 5, 2024
Sold by
1075 Duval Street R15 Llc
Bought by
Horizon Investments & Management Llc
Seller's Agent
Paige Bethel
Island Home Realty Inc.
Buyer's Agent
Angelina Will
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$2,699,000
Sold Price
$2,600,000
Premium/Discount to List
-$99,000
-3.67%
Views
7
Current Estimated Value
$2,657,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,286
Avg. Annual Appreciation
2.18%

Purchase Details

Listed on
Dec 29, 2022
Closed on
Mar 20, 2023
Sold by
Hicks Donald and Hicks Anais
Bought by
1075 Duval Street R15 Llc
Seller's Agent
Paige Bethel
Island Home Realty Inc.
Buyer's Agent
Suzanne Moore
Truman & Co. (KW)
List Price
$2,600,000
Sold Price
$2,500,000
Premium/Discount to List
-$100,000
-3.85%
Views
97

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.04%

Purchase Details

Listed on
Jan 18, 2021
Closed on
Jun 30, 2021
Sold by
Tb 36 Llc
Bought by
Hicks Donald and Hicks Anais
Seller's Agent
Paul Hayes
Beach Club Brokers (KW)
Buyer's Agent
Teodora Masters
Bascom Grooms Real Estate (KW)
List Price
$2,195,000
Sold Price
$2,150,000
Premium/Discount to List
-$45,000
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.22%

Purchase Details

Listed on
Nov 20, 2017
Closed on
Jul 2, 2018
Sold by
Dskw Llc
Bought by
Tb 36 Llc
Seller's Agent
Paul Hayes
Beach Club Brokers (KW)
Buyer's Agent
Margaret Crowley
Florida Keys Realty Group LLC
List Price
$1,995,000
Sold Price
$1,600,000
Premium/Discount to List
-$395,000
-19.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.21%

Purchase Details

Closed on
Jun 29, 2012
Sold by
The Willis Timber Limited Partnership
Bought by
Dskw Llc

Purchase Details

Closed on
Oct 16, 1997
Sold by
Heffernan Thompson I and Heffernan James D
Bought by
The Willis Timber Limited Partnersh

Purchase Details

Closed on
Dec 26, 1996
Sold by
Petrocelli Lucio
Bought by
Overby Jon J

Purchase Details

Closed on
Dec 1, 1995
Bought by
Dskw Llc

Purchase Details

Closed on
Dec 1, 1990
Bought by
Dskw Llc

Purchase Details

Closed on
Nov 1, 1989
Bought by
Dskw Llc
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 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

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,075,000 New Conventional
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 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 $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

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 603557

Key West Association of REALTORS®

APN: 00027090-000142