$4,325,000
SOLD JUL 1, 2024

108 N Bounty Ln Key Largo, FL 33037

5 Beds
5 Baths
4,732 Sq Ft
0.4 Acres

Recently Sold

$914 Per Sq Ft

7% Below List Price

164 Days on Market

Highlights

  • Boat Lift
  • Property Fronts a Bay or Harbor
  • Gulf View
  • Coral Shores High School Rated A
  • Concrete Pool
  • 1-minute walk to Schwingggg

About This Home

As of July 2024

Situated on the bay in Buccaneer Point Estates, this solid concrete home is tucked away on a private street offering unparalleled privacy and the sought-after allure of waterfront living. Experience a modern masterpiece, built to incorporate and withstand nature's elements. Interior features draw on the natural backdrop fusing coastal design with modern architecture. Upon entering the residence and ascending the stairs, panoramic waterfront views unfold across the entire home through floor-to-ceiling windows. Fluidity in design is the essence of the concept for this home. The kitchen is adorned with opulent finishes including sleek quartz countertops, lacquer kitchen cabinets, a natural wood island, recessed lighting, and Thermador appliances. This home offers 5 bedrooms, 3 full bathrooms, and 2 half bathrooms. Two spacious bedrooms share a bathroom on the main living level with an additional half bathroom in the hallway and two additional bedrooms located on the third floor share an adjoining bathroom. The primary suite features floor-to-ceiling windows overlooking the bay, two private balconies, an office nook, and a resort-style bathroom. Notable features in the primary suite include a custom walk-in closet, a dual entry rain shower, a stand alone jet tub, and marble tile throughout. Continue up the stairs to access the rooftop terrace where you can enjoy 360 degree sunset views, soak in the hot tub, entertain guests, and serve drinks from the enclosed wet bar! Complete with an elevator accessing each floor up to the third story. Outdoor amenities include an in-ground pool, artificial turf grass, mature landscaping, covered entertaining space, a two-car carport, and a pier dock offering deepwater dockage for all your vessels including a 20,000 pound lift and jet ski lift. This location offers unparalleled boating access with close proximity to Adam's Cut and Tavernier Creek to venture oceanside. We invite you to experience the epitome of coastal living.

Last Agent to Sell the Property

TEAM Walters Gloria, Rachel and Michae

Ocean Sotheby's International Realty License #662034_1 Listed on: 12/15/2023

Last Buyer's Agent

TEAM Walters Gloria, Rachel and Michae

Ocean Sotheby's International Realty License #662034_1 Listed on: 12/15/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,095

Year Built

  • Built in 2016 | Remodeled

Lot Details

  • 0.4 Acre Lot
  • Property Fronts a Bay or Harbor
  • Fenced
  • Sprinkler System
  • Fruit Trees
  • Property is zoned IS - Improved Subivision District

Home Design

  • Concrete Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 4,732 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Ceiling Fan
  • Entrance Foyer
  • Storage
  • Utility Room
  • Gulf Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Quartz Countertops
  • Disposal

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Carport
  • Electric Gate

Accessible Home Design

  • Accessible Elevator Installed
  • Handicap Accessible

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa
  • Pool Deck

Outdoor Features

  • Boat Lift
  • Dock made with Composite Material
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Propane
  • Tankless Water Heater
  • Public Hookup Available For Sewer
  • Community Sewer or Septic
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Buccaneer Point Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,095

Year Built

Built in 2016 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 5
  • Dockage Dock: Composite
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: Yes
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 98.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 22095.00
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Covered Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 2016
  • Alternate Key Number: 1613193
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 17600.00
  • Pool Info: In Ground, Decked, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Roof Top Deck
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 4732.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • G F Interior Features: Tankless Hot Wtr Htr
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Wet Bar, Smoke Alarms, Quartz Countertops, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Entrance Foyer, Pantry
  • Total Bathrooms: 5.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Disposal, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Marble, Combo
  • Half Bathrooms: 2
  • Specialty Rooms: Utility Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 5
  • Accessibility Features: Accessible Elevator Installed
  • Sq Ft Remarks: Lot sqft: 9,000Res Waterfront: 8,600 sqft

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Bay Front, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Fencing, Sprinkler System, Hot Tub, Fruit Tree(s)
  • Roof: Concrete Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Propane, Cable Available, Buyer to Verify, Community Swr Plant
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE 12
  • Land Size: 1/4 - 1/2 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2024
Sold by
Rlm Family Llc
Bought by
Aj Medina Enterprises Inc
Current Estimated Value
$4,702,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,669,000
Outstanding Balance
$4,640,876
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$172,748

Purchase Details

Listed on
Dec 15, 2023
Closed on
Jul 1, 2024
Sold by
Marchelletta Gerard and Marchelletta Sandy L
Bought by
Rlm Family Llc
Seller's Agent
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty
Buyer's Agent
TEAM Walters Gloria, Rachel and Michae
Ocean Sotheby's International Realty
List Price
$4,650,000
Sold Price
$4,325,000
Premium/Discount to List
-$325,000
-6.99%
Views
130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.33%

Purchase Details

Listed on
Jul 29, 2016
Closed on
Jul 27, 2017
Sold by
Matthews Frederick N and Matthews Carina A
Bought by
Marchelletta Gerard and Marchelletta Sandy L
Seller's Agent
Frederick Matthews
Ocean Sotheby's International Realty
Buyer's Agent
Maria Fradera
KeyIsle Realty - Florida Keys
List Price
$2,850,000
Sold Price
$2,575,000
Premium/Discount to List
-$275,000
-9.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$180,250,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 20, 2014
Closed on
Sep 17, 2014
Sold by
Citimortgage Inc
Bought by
Matthews Frederick N and Matthews Carina A
Seller's Agent
Adrienne Kasheta
Sunshine State Realty Services
Buyer's Agent
Creative Technology
List Price
$423,900
Sold Price
$826,000
Premium/Discount to List
$402,100
94.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.03%

Purchase Details

Closed on
May 16, 2014
Sold by
Fernandez Juan Silverio
Bought by
Citimortgage Inc

Purchase Details

Closed on
Apr 23, 2014
Sold by
Fernandez Juan Silverio
Bought by
Citi Mortgage Inc

Purchase Details

Closed on
May 3, 2000
Sold by
Gonzalez Alcides C and Gonzalez Luisa
Bought by
Fernandez Juan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
8.23%

Purchase Details

Closed on
Apr 7, 1999
Sold by
Buccaneer Point Estates Inc
Bought by
Gonzalez Alcides C and Gonzalez Luisa

Purchase Details

Closed on
Jan 1, 1986
Bought by
Matthews Frederick N and Matthews Carina A
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 Type Sale Price Title Company
Warranty Deed -- Coral Gables Title & Escrow
Warranty Deed -- Coral Gables Title & Escrow
Warranty Deed $4,325,000 Coral Reef Title
Warranty Deed $2,575,000 Attorney
Special Warranty Deed $826,000 Servicelink
Trustee Deed -- None Available
Trustee Deed -- None Available
Warranty Deed $80,000 --
Warranty Deed $65,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,669,000 New Conventional
Closed $4,669,000 New Conventional
Previous Owner $1,500,000 New Conventional
Previous Owner $180,250,000 New Conventional
Previous Owner $350,000 Credit Line Revolving
Previous Owner $1,500,000 Unknown
Previous Owner $999,000 Unknown
Previous Owner $700,000 Balloon
Previous Owner $550,000 New Conventional
Previous Owner $55,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $4,325,000 -7.0% $914 / Sq Ft
05/27/2024 05/27/24 Pending -- -- --
12/15/2023 12/15/23 For Sale $4,650,000 +80.6% $983 / Sq Ft
07/27/2017 07/27/17 Sold $2,575,000 -9.6% $677 / Sq Ft
05/13/2017 05/13/17 Pending -- -- --
07/29/2016 07/29/16 For Sale $2,850,000 +245.0% $749 / Sq Ft
09/19/2014 09/19/14 Sold $826,000 +94.9% $259 / Sq Ft
08/29/2014 08/29/14 Pending -- -- --
08/20/2014 08/20/14 For Sale $423,900 -- $133 / 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 $22,095 $3,276,022 $1,627,491 $1,648,531
2023 $22,095 $3,037,164 $1,444,521 $1,592,643
2022 $19,185 $2,640,493 $1,155,621 $1,484,872
2021 $17,410 $2,055,076 $712,641 $1,342,435
2020 $17,484 $2,049,782 $703,011 $1,346,771
2019 $17,554 $2,080,625 $717,456 $1,363,169
2018 $16,207 $1,851,575 $717,456 $1,134,119
2017 $14,222 $1,616,579 $0 $0
2016 $7,283 $786,670 $0 $0
2015 $6,640 $668,076 $0 $0
2014 $9,839 $1,001,842 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 607800

Florida Keys Board of REALTORS®

APN: 00496131-008900