1117 Flagler Ave Key West, FL 33040
Casa Marina NeighborhoodEstimated Value: $2,787,000 - $4,880,000
5
Beds
6
Baths
4,185
Sq Ft
$951/Sq Ft
Est. Value
About This Home
As of June 2023Major price improvement! The Grand Dame of Key West is absolutely ready for sale and your immediate occupancy. Located in the premier Casa Marina neighborhood of Key West, this prominent residence with sophisticated coastal design has been remastered by some of the best craftsmen in the area offering you essentially a new home. With a fresh approach to island living, there is a blend of historic architecture and modern lines. An inviting foyer beckons you to a magnificent great room, with an opulent kitchen and dining. This open main living area flows to the outdoors through a sliding glass wall system to a luscious pool, spacious cabana, pool bath, and calming lounge area. Featured on the first floor is a master suite with a sumptuous bath, sitting room, and direct access to the pool. On the second floor is an additional master suite with a sitting area, spa-like bath, and private balcony, with 2 other bedrooms with a shared suite bathroom. A complement to the home is the entire 3rd floor is a spacious suite that can easily accommodate 3 queen size beds or could be a separate living space/studio unit within the property. The cabana, presently configured for outdoor dining, has been designed to offer the new owner the choice for the addition of an outdoor kitchen, office, art studio, or 6th bedroom. A wide sweeping front porch leads to generous covered parking for two cars, with a beautiful seashell embedded drive. Rarely seen this large, an enclosed storage room with double doors is ideal for all your water sports gear, bikes, motorcycles, and the rest of your toys. An active lifestyle is yours to enjoy with the nearby beach, tennis courts, and walking and bike paths. 1117 Flagler Avenue is awaiting as your residence in the Southernmost City to retreat, gather, and live well. Price reduced $170,000 to $4,320,000.
Last Agent to Sell the Property
Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 01/20/2023
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 20, 2023
Closed on
Jun 26, 2023
Sold by
1117 Flagler Avenue Llc
Bought by
Flagler Ave Holdings Llc
Seller's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Team Connect
Coastal Collection Real Estate Inc.
List Price
$4,490,000
Sold Price
$3,800,000
Premium/Discount to List
-$690,000
-15.37%
Total Days on Market
128
Views
131
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,988
Avg. Annual Appreciation
2.43%
Purchase Details
Closed on
Sep 10, 2020
Sold by
Hayes Jake Lawson and Hayes Rosalee Koenig
Bought by
1117 Flagler Avenue Llc
Purchase Details
Closed on
Aug 6, 2015
Bought by
Parsons Mary Frances
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Flagler Ave Holdings Llc | $3,800,000 | None Listed On Document | |
| 1117 Flagler Avenue Llc | -- | Attorney | |
| Parsons Mary Frances | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Perez Maria Caballero | $297,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2023 06/26/23 | Sold | $3,800,000 | -9.5% | $908 / Sq Ft |
| 05/28/2023 05/28/23 | Pending | -- | -- | -- |
| 04/13/2023 04/13/23 | Price Changed | $4,200,000 | -2.8% | $1,004 / Sq Ft |
| 03/20/2023 03/20/23 | Price Changed | $4,320,000 | -3.8% | $1,032 / Sq Ft |
| 01/20/2023 01/20/23 | For Sale | $4,490,000 | -- | $1,073 / 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 | $24,214 | $3,209,132 | $1,262,339 | $1,946,793 |
| 2023 | $24,214 | $3,653,619 | $1,317,224 | $2,336,395 |
| 2022 | $18,484 | $2,593,045 | $993,406 | $1,599,639 |
| 2021 | $17,304 | $2,098,566 | $653,123 | $1,445,443 |
| 2020 | $16,231 | $2,053,205 | $575,526 | $1,477,679 |
| 2019 | $13,709 | $1,507,803 | $622,615 | $885,188 |
| 2018 | $14,010 | $1,509,380 | $599,070 | $910,310 |
| 2017 | $13,799 | $1,459,618 | $0 | $0 |
| 2016 | $14,248 | $1,424,359 | $0 | $0 |
| 2015 | $6,359 | $636,614 | $0 | $0 |
| 2014 | $6,554 | $631,562 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Vic Musmanno
Seller's Agent in 2023
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
(305) 304-2623
5 in this area
157 Total Sales
-
Team Connect
T
Buyer's Agent in 2023
Team Connect
Coastal Collection Real Estate Inc.
1 in this area
66 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 603873
APN: 00038740-000000
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