NOT LISTED FOR SALE

Estimated Value: $1,874,699 - $2,550,000

4 Beds
4 Baths
2,150 Sq Ft
$991/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $1,925,000 $895 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $12,857/month

6 Days on Market

About This Home

As of October 2023

Discover a blend of historic charm and modern elegance in this wonderful Old Town residence. Pulling from the areas rich tapestry of history, this home interweaves the allure of Old Key West and Cuban mosaic tiles with contemporary finishes, creating a harmonious ambiance. Spanning 4BR/4BA, including a separate 1BR/1BA upstairs apartment, there's abundant space for family and guests alike. An additional office space off one of the bedroom suites ensures that work and relaxation can go hand in hand. From the street, its unassuming facade belies a surprisingly expansive interior. Step inside to be greeted by travertine and Ipe Brazilian hardwood floors, wood-clad ceilings, and a gourmet kitchen. Transition from cooking to entertaining with stainless steel appliances and a wrap-around peninsula that's the perfect gathering space.The thoughtfully designed single-level floor plan ensures each of the three main bedrooms is both easily accessible yet private. Guests can relax in bedrooms complete with an en-suite baths and one even has a secluded meditation deck. Another bedroom offers direct pool-side access via its French doors, seamlessly connecting indoor and outdoor living. The master suite is a sanctuary of privacy with a spacious marble bathroom, a multi-jet shower, vaulted ceilings, and a walk-in closet. French doors lead directly to an expansive Ipe sundeck and shimmering 14' x 28' heated pool. Every corner of this property offers tranquility, from its privacy fence and lush tropical landscaping to the soothing vibes of the outdoor loggia. Additional features include a bricked driveway, off-street parking for two cars (could be more with a few modifications), and the unique appeal of a Craftsman-style bungalow built in 1918. Whether you're seeking a serene getaway, a vibrant space for entertaining, or potential rental income, this home is more than a residence; it's a lifestyle!

Last Agent to Sell the Property

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #161619 Listed on: 09/05/2023

Co-Listed By

Team Spottswood/Vazquez

Truman & Co. (KW) Brokerage Phone: 305-587-3407

Last Buyer's Agent

Thomas Mack

SBX Real Estate, LLC (KW)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2023
Closed on
Oct 16, 2023
Sold by
Vapnek Living Trust
Bought by
Macrae Bruce and Macrae Nancy
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Thomas Mack
SBX Real Estate, LLC (KW)
List Price
$1,950,000
Sold Price
$1,925,000
Premium/Discount to List
-$25,000
-1.28%
Total Days on Market
6
Views
62
Current Estimated Value
$2,130,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,925
Avg. Annual Appreciation
6.09%
Original Mortgage
$1,443,750
Outstanding Balance
$1,422,402
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$708,523

Purchase Details

Listed on
Mar 9, 2017
Closed on
Jun 12, 2017
Sold by
Naselli Richard A and Naselli Betsy
Bought by
Vapnck Daniel and Vapnck Dianne Elizabeth
Seller's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
Buyer's Agent
Joan Kelley
Ocean Sotheby's International Realty
List Price
$1,379,000
Sold Price
$1,200,000
Premium/Discount to List
-$179,000
-12.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
Jun 9, 2015
Sold by
Hjerpe Kari and Schroeder Dean
Bought by
Naselli Richard A and Naselli Betsy

Purchase Details

Closed on
Jan 10, 2006
Sold by
The Neal E Hirsch Declaration Of Trust
Bought by
Naselli Richard A and Naselli Betsy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 28, 2005
Sold by
Hirsch Neal E
Bought by
Hirsch Neal E

Purchase Details

Closed on
May 21, 2003
Sold by
Berger David B and Berger Ennid
Bought by
Hirsch Neal E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 1999
Sold by
Shelby John F and Shelby Marie
Bought by
Berger David B and Berger Ennid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 1995
Bought by
Naselli Richard A and Naselli Betsy

Purchase Details

Closed on
May 1, 1985
Bought by
Naselli Richard A and Naselli Betsy
Source: Public Records

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Range of Values:

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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
Macrae Bruce $1,925,000 None Listed On Document
Vapnck Daniel $1,200,000 Attorney
Naselli Richard A -- Attorney
Naselli Richard A $1,300,000 Southernmost Title Inc
Hirsch Neal E -- --
Hirsch Neal E $575,000 --
Berger David B $305,000 --
Naselli Richard A $229,000 --
Naselli Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macrae Bruce $1,443,750
Previous Owner Naselli Richard A $330,000
Previous Owner Naselli Richard A $350,000
Previous Owner Naselli Richard A $350,000
Previous Owner Berger David B $460,000
Previous Owner Hirsch Neal E $460,000
Previous Owner Berger David B $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $1,925,000 -1.3% $895 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
09/05/2023 09/05/23 For Sale $1,950,000 +62.5% $907 / Sq Ft
06/12/2017 06/12/17 Sold $1,200,000 -13.0% $558 / Sq Ft
05/20/2017 05/20/17 Pending -- -- --
03/09/2017 03/09/17 For Sale $1,379,000 -- $641 / Sq Ft
Source: Key West Association 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
2024 $12,367 $1,591,243 $756,978 $834,265
2023 $12,367 $1,933,488 $536,232 $1,397,256
2022 $9,152 $1,054,592 $481,283 $573,309
2021 $8,581 $882,185 $383,700 $498,485
2020 $8,738 $903,896 $399,806 $504,090
2019 $8,820 $905,710 $396,016 $509,694
2018 $8,639 $867,733 $352,435 $515,298
2017 $7,244 $700,219 $0 $0
2016 $8,134 $852,675 $0 $0
2015 $7,701 $784,857 $0 $0
2014 $6,922 $601,961 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 606542

Key West Association of REALTORS®

APN: 00032100-000000