NOT LISTED FOR SALE

11871 Rye Key Dr Cedar Key, FL 32625

Estimated Value: $942,000 - $1,472,000

5 Beds
3.5 Baths
2,953 Sq Ft
$404/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $1,475,000 $499 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $7,119/month

Highlights

  • Property fronts gulf or ocean
  • Gated Community
  • Outdoor Storage
  • Dock made with wood
  • Balcony
  • 2-minute walk to Cedar Key Museum State Park

About This Home

As of May 2024

Beautiful Cedar Key DEEP water front property with magnificent 5 bedroom 3.5 bath stilt home and a boat dock that leads to deep water access.

Last Agent to Sell the Property

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE Listed on: 05/24/2024

STELLAR NON-MEMBER OFFICE

Last Buyer's Agent

Hanna Pieri

NEWGATE REALTY, LLC License #3530072

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,426

Year Built

  • Built in 2003

Lot Details

  • 0.35 Acre Lot
  • Property fronts gulf or ocean
  • 2 Lots in the community
  • Additional Parcels

HOA Fees

  • $21 Monthly HOA Fees

Home Design

  • Bi-Level Home
  • Metal Roof
  • Block Exterior
  • Pile Dwellings

Interior Spaces

  • 2,953 Sq Ft Home
  • Full Gulf or Ocean Views

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Water access To Gulf or Ocean
  • Dock made with wood
  • Balcony
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 16523-000-00

Community Details

Overview

  • Rye Key Condominium Association
  • Rye Key Condominium Subdivision
  • The community has rules related to deed restrictions

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,426

Year Built

Built in 2003

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: Yes
  • Living Area: 2953
  • Lot Size Acres: 0.35
  • New Construction: No
  • Year Built: 2003
  • Building Area Total: 2953
  • Lot Size Sq Ft: 15246
  • Number Of Lots: 2
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 274.34
  • RATIO Current Price By Calculate: 499.49
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Wood
  • MFR_DockYN: 1
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Appliances Included: Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 5
  • Levels: Two
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 274.34

Exterior Features

  • Exterior Features: Balcony, Storage
  • Roof: Metal
  • Pool Private: No
  • Waterfront: Yes
  • Water Access: Gulf/Ocean
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12075C0443G

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community - No Guard
  • Senior Community: No
  • Association #2 Fee: 250
  • Association #2 Fee Frequency: Annually
  • Association: Rye Key Condominium
  • Association 2 YN: 1

Fee Information

  • Total Annual Fees: 250.00
  • Total Monthly Fees: 20.83

Lot Info

  • Zoning: R
  • Parcel Number: 16523-000-00
  • Additional Parcels: Yes
  • Property Attached Yn: Yes
  • Flood Zone Code: VE

Tax Info

  • Tax Annual Amount: 10426
  • Tax Book Number: 5-63
  • Tax Lot: 16

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2024
Closed on
May 24, 2024
Sold by
Reynolds Christopher W and Seyfert Linda L
Bought by
Hull Jerron and Hull Ashley Phillips
Seller's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
Buyer's Agent
Hanna Pieri
NEWGATE REALTY, LLC
List Price
$1,475,000
Sold Price
$1,475,000
Current Estimated Value
$1,194,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$280,725
Avg. Annual Appreciation
-12.29%
Original Mortgage
$775,000
Outstanding Balance
$764,148
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$430,127
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
Hull Jerron $1,475,000 Action Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hull Jerron $775,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/24/2024 05/24/24 Sold $1,475,000 +34.1% $499 / Sq Ft
05/24/2024 05/24/24 Sold $1,100,000 -25.4% $373 / Sq Ft View Prior Sale
05/24/2024 05/24/24 For Sale $1,475,000 +23.4% $499 / Sq Ft
03/30/2024 03/30/24 Pending -- -- --
03/28/2024 03/28/24 Pending -- -- --
12/02/2023 12/02/23 For Sale $1,195,000 -- $405 / Sq Ft
Source: Stellar MLS

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 $10,308 $870,176 -- --
2024 $10,308 $527,307 -- --
2023 $10,426 $511,949 $0 $0
2022 $9,955 $497,038 $0 $0
2021 $9,579 $482,561 $0 $0
2020 $9,148 $459,784 $0 $0
2019 $9,038 $449,447 $0 $0
2018 $9,105 $441,067 $0 $0
2017 $8,873 $431,995 $0 $0
2016 $8,827 $436,375 $0 $0
2015 $8,616 $429,332 $0 $0
2014 $8,615 $416,834 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: J976276

Stellar MLS

APN: 16523-000-00