1116 Packer St Key West, FL 33040
Old Town Neighborhood
3
Beds
3
Baths
1,473
Sq Ft
3,049
Sq Ft Lot
About This Home
As of February 2023Major price improvement and ready for your immediate occupancy! Extraordinary is 1116 Packer St. with progressive high design style and careful attention paid to each fine detail. You could easily stroll past this understated home without ever knowing that behind the front door is an architectural masterpiece. Offering 3 comfortable bedroom suites, the carefully planned home flows through a delightful main living area and a gorgeous kitchen to a tropical oasis complete with a covered outdoor entertainment area, heated saltwater swimming pool with a water feature, patio, and shower. While luxurious furniture, fixtures, and appliances grace the home, it has been made weather ready with impact glass windows and doors. Exquisite vein cut onyx kitchen counters highlight the kitchen, with superb tilework complimenting the 3 baths. The 2nd floor suite has a private rooftop deck for sunning in the day and sipping in the evening. Additionally, the preferred X Zone elevation leaves the property high and dry substantially reducing insurance costs. Lightly rented on occasion, there is the potential for lucrative vacation rental income for as much as $20,000 mo. 2 3D Tours are available to satisfy your virtual showing requests. A true rare find in the Key West home market! Now $2,160,000.
Last Agent to Sell the Property
Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 10/07/2022
Last Buyer's Agent
Lisa Swanson
Coldwell Banker Schmitt Real Estate Co.
Home Details
Home Type
Single Family
Est. Annual Taxes
$15,038
Year Built
1938
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
- Fee Includes: None
- 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: 30.00
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Sale Terms: Conventional
- Side: Median
- State Province: FL
- Taxes: 11486.00
- Vehicle Storage: Off Street Parking
- Vehicle Storage Cars: 2
- Year Built: 1938
- Alternate Key Number: 8613865
- Cooling Heating: Ceiling Fans(s), Ductless
- Lot Sq Ft: 2953.00
- Pool Info: Salt Water, Concrete
- Pool Info Heated: Yes
- Porch Balcony: Deck, Patio, Roof Top Deck
- License Info: Non Trans Rntl Lic
- 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
- Estimated Living Sq Ft: 1473.00
- Pre Wired: Cable
- Property Condition: Updated/Remodeled
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
- Stories: 2
Interior Features
- Interior Amenities: Cathedral Ceilings, Window Treatments, Bar, Built-in Cabinets, Storage, Smoke Alarms, Security System, Entrance Foyer
- Total Bathrooms: 3.00
- Full Bathrooms: 3
- Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Disposal, Microwave, Oven, Refrigerator, Dishwasher, Dryer
- Floor: Wood
- Specialty Rooms: Laundry Room, Sun/Florida Room
- Windows/Doors: French Doors, Impact Rstnce Window, Impact Rstnce Doors
- Total Bedrooms: 3
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Exterior Features: Fencing, Sprinkler System, Outdoor Shower, Lanai, Lighting
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: Yes
Utilities
- Security: Central Station Sys
- Utilities: FKAA, Propane, Cable Available, Elect Separate Meter, Water Separate Meter, Municipal Sewer
Lot Info
- Deed Restrictions: No
- Flood Zone: X
- Parcel Number: 00031440-000100
- Lot Size: 100 x 29.5
- Land Size: Less Than 1/4 Acre
Rental Info
- Rentals Allowed: Yes
- Furnished: Furnished
Tax Info
- Tax Year: 2021
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 7, 2022
Closed on
Apr 28, 2023
Sold by
Webb George Wyatt and Webb Alysa Marie
Bought by
1116 Packer St Llc
Seller's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Lisa Swanson
Coldwell Banker Schmitt Real Estate Co.
List Price
$2,450,000
Sold Price
$2,060,000
Premium/Discount to List
-$390,000
-15.92%
Views
55
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.24%
Original Mortgage
$1,215,400
Interest Rate
4.88%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 7, 2022
Closed on
Feb 27, 2023
Sold by
Frances Belzer-Reid 2018 Residence Trust
Bought by
Webb George Wyatt and Webb Alysa Marie
Seller's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Lisa Swanson
Coldwell Banker Schmitt Real Estate Co.
List Price
$2,450,000
Sold Price
$2,060,000
Premium/Discount to List
-$390,000
-15.92%
Views
55
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,215,400
Interest Rate
4.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 15, 2019
Sold by
Frances Belzer-Reid
Bought by
Resid Frances Belzer-Reid 2018
Purchase Details
Closed on
Dec 6, 2018
Sold by
Frances Belzer-Reid
Bought by
Resid Frances Belzer-Reid 2018 and Resid Frances Belzer Reid 2018
Purchase Details
Listed on
Apr 10, 2018
Closed on
Jun 14, 2018
Sold by
Bierman and Margaret
Bought by
Belzer-Reid Frances
Seller's Agent
Ellen Gvili
Ocean Sotheby's International Realty
Buyer's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$1,595,000
Sold Price
$1,575,000
Premium/Discount to List
-$20,000
-1.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.03%
Purchase Details
Listed on
Jul 15, 2015
Closed on
Aug 28, 2015
Sold by
1116 Packer Street Llc
Bought by
Bierman Drew and Lord Bierman Margaret
Seller's Agent
Dean Townsend
Keller Williams Key West Compass Realty
Buyer's Agent
Rob Severin
Seaport Realtors (KW)
List Price
$550,000
Sold Price
$522,500
Premium/Discount to List
-$27,500
-5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.15%
Purchase Details
Listed on
May 14, 2015
Closed on
May 4, 2015
Sold by
U S Bank National Association
Bought by
1116 Packer Street Llc
Seller's Agent
Dean Townsend
Keller Williams Key West Compass Realty
Buyer's Agent
Dean Townsend
Waterfront Resort Realty (KW)
List Price
$430,000
Sold Price
$430,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
95.79%
Purchase Details
Closed on
Oct 23, 2013
Sold by
Lovett Joan Susan and Lovett Joan
Bought by
Us Bank National Association
Purchase Details
Closed on
Oct 9, 2013
Sold by
Lovett Joan Susan and Adams Jody
Bought by
Us Bank
Purchase Details
Closed on
Oct 1, 2004
Sold by
Lovett Edwy and Lovett Joan
Bought by
Lovett Joan Susan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
7.99%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 26, 2000
Sold by
Adams Judith
Bought by
Lovett Edwy and Lovett Joan S
Purchase Details
Closed on
Jan 1, 1982
Bought by
Bierman Drew and Bierman Margaret Lord
Similar Homes in Key West, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,215,400 | None Listed On Document | |
| Warranty Deed | $2,060,000 | -- | |
| Warranty Deed | $100 | None Listed On Document | |
| Warranty Deed | $100 | None Listed On Document | |
| Warranty Deed | $1,575,000 | None Listed On Document | |
| Warranty Deed | $522,300 | Attorney | |
| Special Warranty Deed | $430,000 | Attorney | |
| Trustee Deed | $410,100 | None Available | |
| Trustee Deed | $410,100 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $199,000 | -- | |
| Warranty Deed | $40,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,215,400 | New Conventional | |
| Previous Owner | $506,000 | Unknown | |
| Previous Owner | $457,500 | Unknown | |
| Previous Owner | $258,000 | New Conventional | |
| Closed | $0 | No Value Available | |
| Closed | $39,800 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Price Changed | $2,070,000 | -1.2% | $1,405 / Sq Ft |
| 05/12/2025 05/12/25 | Price Changed | $2,095,000 | -10.8% | $1,422 / Sq Ft |
| 04/21/2025 04/21/25 | Price Changed | $2,349,000 | -1.9% | $1,595 / Sq Ft |
| 11/03/2024 11/03/24 | For Sale | $2,395,000 | +16.3% | $1,626 / Sq Ft |
| 02/27/2023 02/27/23 | Sold | $2,060,000 | -4.6% | $1,399 / Sq Ft |
| 02/15/2023 02/15/23 | Pending | -- | -- | -- |
| 12/27/2022 12/27/22 | Price Changed | $2,160,000 | -4.0% | $1,466 / Sq Ft |
| 11/16/2022 11/16/22 | Price Changed | $2,250,000 | -1.7% | $1,527 / Sq Ft |
| 11/11/2022 11/11/22 | Price Changed | $2,290,000 | -4.2% | $1,555 / Sq Ft |
| 10/21/2022 10/21/22 | Price Changed | $2,390,000 | -2.4% | $1,623 / Sq Ft |
| 10/07/2022 10/07/22 | For Sale | $2,450,000 | +55.6% | $1,663 / Sq Ft |
| 05/31/2018 05/31/18 | Sold | $1,575,000 | -1.3% | $1,068 / Sq Ft |
| 04/16/2018 04/16/18 | Pending | -- | -- | -- |
| 04/10/2018 04/10/18 | For Sale | $1,595,000 | +205.3% | $1,081 / Sq Ft |
| 08/28/2015 08/28/15 | Sold | $522,500 | -5.0% | $463 / Sq Ft |
| 07/30/2015 07/30/15 | Pending | -- | -- | -- |
| 07/15/2015 07/15/15 | For Sale | $550,000 | +27.9% | $488 / Sq Ft |
| 05/14/2015 05/14/15 | Sold | $430,000 | 0.0% | $381 / Sq Ft |
| 05/14/2015 05/14/15 | Pending | -- | -- | -- |
| 05/14/2015 05/14/15 | For Sale | $430,000 | -- | $381 / Sq Ft |
Source: Key West Association of REALTORS®
Tax History Compared to Growth
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 | $15,038 | $1,728,115 | $721,772 | $1,006,343 |
| 2023 | $15,038 | $1,826,400 | $627,823 | $1,198,577 |
| 2022 | $12,954 | $1,634,024 | $539,838 | $1,094,186 |
| 2021 | $11,964 | $1,317,363 | $402,642 | $914,721 |
| 2020 | $12,359 | $1,366,740 | $441,414 | $925,326 |
| 2019 | $11,947 | $1,307,871 | $432,467 | $875,404 |
| 2018 | $7,018 | $985,995 | $428,739 | $557,256 |
| 2017 | $4,912 | $490,786 | $0 | $0 |
| 2016 | $5,460 | $519,990 | $0 | $0 |
| 2015 | $5,276 | $549,612 | $0 | $0 |
| 2014 | $4,807 | $411,110 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
L
Seller's Agent in 2024
Lisa Swanson
Berkshire Hathaway HomeServices Knight & Gardner Realty
-
V
Seller's Agent in 2023
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
-
E
Seller's Agent in 2018
Ellen Gvili
Ocean Sotheby's International Realty
-
D
Seller's Agent in 2015
Dean Townsend
Keller Williams Key West Compass Realty
-
R
Buyer's Agent in 2015
Rob Severin
Seaport Realtors (KW)
Map
Source: Key West Association of REALTORS®
MLS Number: 602698
APN: 00031440-000100
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