NOT LISTED FOR SALE

121 Milano Dr Islamorada, FL 33036

Estimated Value: $2,674,000 - $3,208,000

4 Beds
4 Baths
3,220 Sq Ft
$887/Sq Ft Est. Value

Last Sold August 07, 2018

Last sale price $1,338,000 $416 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $16,189/month

5 Days on Market

Highlights

  • Dock made with concrete
  • Boat Lift
  • Home fronts a canal
  • Plantation Key School Rated A-
  • Spa
  • 1-minute walk to Founders Park

About This Home

As of August 2018

Venetian Shores 4/4 waterfront home with 70' deep water dockage, boat lift, and a full guest apartment downstairs for family and friends. Fish all day and then relax in your hot tub by your private tiki bar, or enjoy the breeze from your open porch upstairs. For avid boaters, Venetian Shores offers 100-foot wide canals, immediate ocean and bay access, and a drawbridge for tall ships. This concrete home also offers vaulted tongue and groove ceilings, a metal roof, impact windows and doors, and an exterior elevator. The large sunny kitchen has granite counters and an eat-in counter bar. A wide paver drive, shaded parking for two cars and large air-conditioned tackle room make this custom home an absolute must see! Call today.

Last Agent to Sell the Property

Brett Newman

Coldwell Banker Schmitt Islamorada License #555709 Listed on: 06/18/2018

Coldwell Banker Schmitt Islamorada

Co-Listed By

Margo Newman

Coldwell Banker Schmitt Islamorada License #0153708

Last Buyer's Agent

Kim Bagnell Thaler

Brooks Clark & Company, Islamorada

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,457

Year Built

  • Built in 1988

Lot Details

  • 7,000 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned R1 - Residential Single Family

Home Design

  • Metal Roof

Interior Spaces

  • 3,220 Sq Ft Home
  • 3-Story Property
  • Bar
  • Cathedral Ceiling
  • Skylights
  • Loft
  • Workshop
  • Storage
  • Tile Flooring
  • Canal Views
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Handicap Accessible

Outdoor Features

  • Spa
  • Boat Lift
  • Dock made with concrete
  • Balcony
  • Patio
  • Shed
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Venetian Shores Subdivision

Listing and Financial Details

  • Minimum Rental Period: 29
  • Assessor Parcel Number 00409630-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,457

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 150.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Dock: Concrete
  • Fee Includes: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: Yes
  • Key Island: Plantation Key
  • Limited Representation: No
  • Mile Marker: 86.00
  • Min Rental Days: 29.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 8456.60
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Trailer Storage, Off Street Parking, Open Parking, Guest Parking, Covered Parking
  • Year Built: 1988
  • Alternate Key Number: 1501417
  • Cooling Heating: Central Air
  • Lot Sq Ft: 7000.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 3220.00
  • Specialty Rooms Guest Servant Qtrs: Legal
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Cathedral Ceilings, Sky Light(s), Walk-in Closet(s), Storage, Granite Counter Top, Elevator
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Oven, Refrigerator, Range, Dryer
  • Floor: Tile
  • Specialty Rooms: Loft, Workshop
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 4
  • Accessibility Features: Accessible Elevator Installed
  • Sq Ft Remarks: approximate

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Storage, Shed, Hot Tub, Chickee Hut
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00409630-000000
  • Lot Size: 70 x 100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.16

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2018
Closed on
Aug 10, 2018
Sold by
Ward Ii Steven M
Bought by
Tight Lines & Sunshine Llc
Seller's Agent
Brett Newman
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Kim Bagnell Thaler
Brooks Clark & Company, Islamorada
List Price
$1,500,000
Sold Price
$1,338,000
Premium/Discount to List
-$162,000
-10.8%
Current Estimated Value
$2,855,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,517,224
Avg. Annual Appreciation
10.66%
Original Mortgage
$936,600
Outstanding Balance
$810,002
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,045,222

Purchase Details

Listed on
Jun 18, 2018
Closed on
Aug 7, 2018
Sold by
Ward Ii Steven M and Martin Lisa Marie
Bought by
Tight Lines & Sunshine Llc
Seller's Agent
Brett Newman
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Kim Bagnell Thaler
Brooks Clark & Company, Islamorada
List Price
$1,500,000
Sold Price
$1,338,000
Premium/Discount to List
-$162,000
-10.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$936,600
Outstanding Balance
$810,002
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,045,222

Purchase Details

Closed on
Jul 11, 2012
Sold by
Ward Steven M
Bought by
Ward Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
3.72%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
May 1, 1990
Bought by
Ward Steven M

Purchase Details

Closed on
Mar 1, 1988
Bought by
Ward Steven M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tight Lines & Sunshine Llc $1,338,000 Coral Reef Title
Tight Lines & Sunshine Llc $1,338,000 Coral Reef Title
Ward Steven M -- Attorney
Ward Steven M $320,000 --
Ward Steven M $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tight Lines & Sunshine Llc $936,600
Closed Tight Lines & Sunshine Llc $936,600
Previous Owner Ward Steven M $938,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2018 08/07/18 Sold $1,338,000 -10.8% $416 / Sq Ft
06/23/2018 06/23/18 Pending -- -- --
06/18/2018 06/18/18 For Sale $1,500,000 -- $466 / 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 $16,357 $2,178,426 $1,330,000 $848,426
2024 $15,647 $1,978,847 $1,134,000 $844,847
2023 $15,647 $1,926,425 $1,113,000 $813,425
2022 $13,844 $1,540,638 $735,000 $805,638
2021 $12,618 $1,207,577 $490,000 $717,577
2020 $12,730 $1,213,888 $490,000 $723,888
2019 $12,167 $1,132,466 $490,000 $642,466
2018 $10,496 $975,159 $486,500 $488,659
2017 $9,409 $878,488 $0 $0
2016 $6,076 $542,491 $0 $0
2015 $5,939 $538,720 $0 $0
2014 $5,931 $534,444 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brett Newman

    Seller's Agent in 2018

    Brett Newman

    Coldwell Banker Schmitt Islamorada

    (305) 393-1770

    70 in this area

    98 Total Sales

    Brett Newman
    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Margo Newman

    Coldwell Banker Schmitt Islamorada

    (305) 393-3980

    44 in this area

    58 Total Sales

    Margo Newman
    Section Image

  • K

    Buyer's Agent in 2018

    Kim Bagnell Thaler

    Brooks Clark & Company, Islamorada

  • Kim Thaler

    Buyer's Agent in 2018

    Kim Thaler

    Ocean Sotheby's International Realty

    (305) 393-2787

    32 in this area

    55 Total Sales

    Kim Thaler
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 580664

Florida Keys Board of REALTORS®

APN: 00409630-000000

Florida Monroe County Islamorada 33036

121 Milano Dr, Islamorada, FL

Not Listed for Sale

Detached

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