NOT LISTED FOR SALE

11871 Rye Key Dr Cedar Key, FL 32625

Cedar Key Area

Estimated Value: $974,000 - $1,526,000

5 Beds
3.5 Baths
2,953 Sq Ft
$417/Sq Ft Est. Value

Sale Details

Date Sold: May 24, 2024

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

Est. 16% decrease in value since last sale

Current estimated payment $7,645 / mo

Highlights

  • Property fronts gulf or ocean
  • Gated Community
  • Fireplace
  • 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

  • 15,246 Sq Ft 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
  • Fireplace
  • 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

0.35 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2024
Closed on
May 24, 2024
Sold by
Bought by
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
$1,232,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$242,867
Avg. Annual Appreciation
-7.89%
Original Mortgage
$775,000
Outstanding Balance
$758,645
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$473,488
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,475,000 Action Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Vanessa Edmunds

    Seller's Agent in 2024

    Vanessa Edmunds

    Cedar Key Realty, Inc.

    (352) 210-1155

    143 Total Sales

    Vanessa Edmunds
    Section Image
  • Hanna Pieri

    Buyer's Agent in 2024

    Hanna Pieri

    NEWGATE REALTY, LLC

    (616) 889-7145

    45 Total Sales

    Hanna Pieri
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    Non-Member

See All Agents

Map

Source: Stellar MLS

MLS Number: J976276

Stellar MLS

APN: 16523-000-00

Florida Levy County Cedar Key 32625

11871 Rye Key Dr, Cedar Key, FL

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Stellar MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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