NOT LISTED FOR SALE

116 Gulfside Dr Islamorada, FL 33036

Estimated Value: $3,514,717 - $3,861,000

3 Beds
2 Baths
1,846 Sq Ft
$1,971/Sq Ft Est. Value

Last Sold June 30, 2025

Last sale price $3,600,000 $1,950 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $21,511/month

177 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Gulf View
  • Plantation Key School Rated A-
  • In Ground Pool
  • 1-minute walk to Founders Park

About This Home

As of June 2025

Welcome to your dream retreat on the bay in Venetian Shores - the Upper Keys' favorite boating neighborhood! Boaters of all kinds will love the immediate bay access and lightning-quick ocean access via Snake Creek. With breathtaking views of the Florida Bay, and a sparkling pool, it's the perfect place for relaxing and soaking in the sunshine. This stunning three-bedroom, two-bath beach has undergone a massive and stylish recent remodel. You'll love the timeless, modern coastal touches including the stunning new flooring! Vaulted ceilings and huge impact windows let the sunshine in. The home's open-concept design showcases panoramic bay views from almost every room. Each bedroom offers comfort and tranquility, with the master suite enjoying its own serene water views. Nestled on a dead-end street with only 12 homes, you'll enjoy privacy galore. Keep a boat on the floating dock behind the house or in your boat slip just steps away, providing easy access to the crystal-clear waters of the Florida Keys. Whether you're looking for a peaceful escape or an active waterfront lifestyle, this property has it all--privacy, luxury, and unparalleled access to the best of Islamorada. Don't miss this rare opportunity to own a piece of paradise! Metal roof, impact windows and doors & artificial turf make maintenance a breeze. Electric fence. Boats to 40' and lifts allowed!

Last Agent to Sell the Property

Christy Hughes

Coldwell Banker Schmitt Islamorada License #3265558 Listed on: 10/19/2024

Coldwell Banker Schmitt Islamorada

Last Buyer's Agent

Kelsey Caputo

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada License #3422202

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,582

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • 8,800 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Property is zoned R1 - Residential Single Family

HOA Fees

  • $138 Monthly HOA Fees

Parking

  • Carport

Home Design

  • Frame Construction
  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,846 Sq Ft Home
  • Furnished
  • Gulf Views
  • Impact Glass
  • Dryer

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Boat Slip
  • Balcony
  • Deck

Utilities

  • Central Air
  • Propane
  • Public Hookup Available For Sewer

Community Details

  • Association fees include common area mnt, security
  • Venetian Shores Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00410502-020180

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,582

Year Built

Built in 1987 | Remodeled

Lot Details

0

HOA Fees

$138 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 1650.00
  • Mandatory HOA: Yes
  • Fee Includes: Common Area Mnt, Other, Security
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 86.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 27582.10
  • Vehicle Storage: Carport, Covered Parking
  • Year Built: 1987
  • Alternate Key Number: 8566034
  • Cooling Heating: Central Air
  • Lot Sq Ft: 8800.00
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony, Deck
  • Association Maintenance Fee Per: Yearly
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1846.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Quartz Countertops
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher
  • Floor: Other
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3
  • Sq Ft Remarks: not including 312 sf of LLF (buyer to confirm all sf)

Exterior Features

  • Dockage: Boat Slip
  • Waterfront: Bay Front
  • Waterfront: Yes
  • Construction: Concrete, Frame
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View
  • Pool: Yes

Utilities

  • Security: Other
  • Utilities: FKAA, Propane

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE,AE
  • Parcel Number: 00410502-020180
  • Lot Size: 80' on the bay x 160' (includes private street)
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.20

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2024
Closed on
Jun 30, 2025
Sold by
Savage Sean M and Savage Kristyn R
Bought by
Anna Marie Knipp Revocable Trust and Robert A Hurdle Revocable Trust
Seller's Agent
Christy Hughes
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Kelsey Caputo
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
List Price
$4,850,000
Sold Price
$3,600,000
Premium/Discount to List
-$1,250,000
-25.77%
Views
61
Current Estimated Value
$3,637,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,679
Avg. Annual Appreciation
2.10%

Purchase Details

Listed on
Aug 4, 2022
Closed on
Aug 4, 2022
Sold by
Cll 2013 Revocable Trust
Bought by
Savage Sean M and Savage Kristyn R
Seller's Agent
Christy Hughes
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Christy Hughes
Moorings Realty, Inc
List Price
$3,500,000
Sold Price
$3,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.97%
Original Mortgage
$2,500,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2021
Sold by
Gulfside Property Llc
Bought by
Leingang Cynthia Larson and Cll 2013 Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2020
Sold by
116 Gulfside Islamorada Llc
Bought by
Gulfside Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 17, 2008
Sold by
Hallett Jonathan T
Bought by
116 Gulfside Islamorada Llc

Purchase Details

Closed on
Apr 10, 2006
Sold by
Porter James A and Porter Sandra
Bought by
Hallett Jonathan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,590,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 1989
Bought by
116 Gulfside Islamorada Llc

Purchase Details

Closed on
Nov 1, 1986
Bought by
116 Gulfside Islamorada Llc

Purchase Details

Closed on
Jun 1, 1981
Bought by
116 Gulfside Islamorada Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Anna Marie Knipp Revocable Trust $3,600,000 Coral Reef Title
Savage Sean M $3,500,000 Wright Barrows Pllc
Leingang Cynthia Larson $2,200,000 Attorney
Gulfside Property Llc $1,400,000 Attorney
116 Gulfside Islamorada Llc $1,425,000 Coral Reef Title Company
Hallett Jonathan T $1,590,000 Attorney
116 Gulfside Islamorada Llc $325,000 --
116 Gulfside Islamorada Llc $75,000 --
116 Gulfside Islamorada Llc $71,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Savage Sean M $2,500,000
Previous Owner Leingang Cynthia Larson $2,100,000
Previous Owner Gulfside Property Llc $900,000
Previous Owner Hallett Jonathan T $1,590,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2025 06/30/25 Sold $3,600,000 -9.9% $1,950 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
03/16/2025 03/16/25 Price Changed $3,995,000 -6.0% $2,164 / Sq Ft
02/28/2025 02/28/25 Price Changed $4,250,000 -5.6% $2,302 / Sq Ft
12/20/2024 12/20/24 Price Changed $4,500,000 -2.2% $2,438 / Sq Ft
12/06/2024 12/06/24 Price Changed $4,600,000 -2.1% $2,492 / Sq Ft
11/29/2024 11/29/24 Price Changed $4,700,000 -2.1% $2,546 / Sq Ft
11/23/2024 11/23/24 Price Changed $4,800,000 -1.0% $2,600 / Sq Ft
10/19/2024 10/19/24 For Sale $4,850,000 +38.6% $2,627 / Sq Ft
08/04/2022 08/04/22 Sold $3,500,000 0.0% $1,896 / Sq Ft View Prior Sale
08/04/2022 08/04/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $3,500,000 -- $1,896 / 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
2025 $27,768 $3,173,683 -- --
2024 $27,582 $3,084,241 -- --
2023 $27,582 $2,994,409 $2,434,658 $559,751
2022 $20,688 $2,171,137 $1,607,810 $563,327
2021 $15,852 $1,570,387 $1,071,890 $498,497
2020 $11,291 $1,239,992 $964,706 $275,286
2019 $11,334 $1,373,079 $1,060,406 $312,673
2018 $11,108 $1,482,974 $1,198,214 $284,760
2017 $10,277 $1,433,387 $0 $0
2016 $10,248 $1,402,927 $0 $0
2015 $10,133 $1,511,666 $0 $0
2014 $7,429 $836,247 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 611898

Florida Keys Board of REALTORS®

APN: 00410502-020180