$760,000
SOLD OCT 26, 2021

1227 20th Terrace Key West, FL 33040

New Town Neighborhood
3 Beds
1 Bath
964 Sq Ft
7,183 Sq Ft Lot

Recently Sold

$788 Per Sq Ft

1% Above List Price

6 Days on Market

About This Home

As of October 2021

A perfect family 3/1 home in one the best New Town neighborhoods. This fully gated home sits on a massive oversized lot and is completely move-in ready. The home boasts three large bedrooms and a large family bath. The floor plan in the kitchen and living area flows perfectly for open living. Glass French doors open to the back patio (that could be enclosed for Florida room) and look out at the massive green lawn and native trees. The large back yard is perfect for expansion or creating your very own tropical oasis. Set back in complete privacy is a beautiful mother-in-law with bath. The side yard with an additional privacy fence is perfect boat parking. This property is a must see!

Last Agent to Sell the Property

Derek Epperly

Keys Atlantic Realty License #3313232 Listed on: 09/04/2021

Last Buyer's Agent

Sarah Bixby

Century 21 Circle - Key West License #3436015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,609

Year Built

  • Built in 1963

Lot Details

  • 7,183 Sq Ft Lot
  • Property is zoned MDR-1 - Medium Desnity Residential

Home Design

  • 964 Sq Ft Home

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Washer
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Pearlman Est Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00055300-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,609

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: New Town
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 4.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: VA
  • Side: Median
  • State Province: FL
  • Taxes: 3608.96
  • Year Built: 1963
  • Alternate Key Number: 1055883
  • Lot Sq Ft: 7183.00
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 964.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Washer, Refrigerator, Microwave
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00055300-000000
  • Lot Size: 64.3 X 111.8
  • Land Size: More than 1 Lot
  • Acres: 0.16

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2020

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2021
Closed on
Oct 26, 2021
Sold by
Rhodes Kyler and Rhodes Michele
Bought by
Escorpiso Jonie
Seller's Agent
Derek Epperly
Keys Atlantic Realty
Buyer's Agent
Sarah Bixby
Century 21 Circle - Key West
List Price
$749,000
Sold Price
$760,000
Premium/Discount to List
$11,000
1.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%
Original Mortgage
$787,360
Outstanding Balance
$721,108
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$293,060

Purchase Details

Listed on
May 3, 2016
Closed on
Jun 30, 2016
Sold by
Wills Guy A
Bought by
Rhodes Kyler and Rhodes Michele
Seller's Agent
Wendy Holifield
Xcellence Realty
Buyer's Agent
Martha Robinson
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$459,000
Sold Price
$438,750
Premium/Discount to List
-$20,250
-4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.86%
Original Mortgage
$413,000
Interest Rate
3%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 13, 2012
Sold by
Willis Guy A and Willis Kim A
Bought by
Willis Guy A and Guy A Willis Trust

Purchase Details

Closed on
Aug 1, 1989
Bought by
Rhodes Kyler and Rhodes Michele
Source: Public Records

Range of Values:

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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

Date Type Sale Price Title Company
Warranty Deed $760,000 Attorney
Warranty Deed $438,750 First International Title In
Interfamily Deed Transfer -- Attorney
Warranty Deed $99,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $787,360 VA
Previous Owner $413,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2025 08/02/25 Price Changed $1,025,000 -4.2% $679 / Sq Ft
07/07/2025 07/07/25 Price Changed $1,070,000 -2.6% $709 / Sq Ft
05/20/2025 05/20/25 Price Changed $1,099,000 -3.2% $728 / Sq Ft
03/24/2025 03/24/25 For Sale $1,135,000 +49.3% $752 / Sq Ft
10/26/2021 10/26/21 Sold $760,000 +1.5% $788 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
09/04/2021 09/04/21 For Sale $749,000 +70.7% $777 / Sq Ft
06/30/2016 06/30/16 Sold $438,750 -4.4% $455 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $459,000 -- $476 / 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
2024 $6,963 $822,644 $581,751 $240,893
2023 $6,963 $811,908 $581,751 $230,157
2022 $6,136 $689,406 $453,894 $235,512
2021 $3,671 $411,014 $0 $0
2020 $3,609 $405,340 $0 $0
2019 $3,554 $396,227 $0 $0
2018 $3,547 $388,840 $0 $0
2017 $3,529 $380,843 $0 $0
2016 $3,757 $391,180 $0 $0
2015 $3,564 $361,385 $0 $0
2014 $3,308 $305,259 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wade Meyer

    Seller's Agent in 2025

    Wade Meyer

    Real Estate Management of Key West, LLC

    (305) 432-6373

    5 in this area

    15 Total Sales

    Wade Meyer
    Section Image
  • Derek Epperly

    Seller's Agent in 2021

    Derek Epperly

    Keys Atlantic Realty

    (305) 923-4833

    8 in this area

    49 Total Sales

    Derek Epperly
    Section Image

  • S

    Buyer's Agent in 2021

    Sarah Bixby

    Century 21 Circle - Key West

  • W

    Seller's Agent in 2016

    Wendy Holifield

    Xcellence Realty

    Section Image
  • Martha Robinson

    Buyer's Agent in 2016

    Martha Robinson

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 294-5155

    1 in this area

    14 Total Sales

    Martha Robinson
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597614

Florida Keys Board of REALTORS®

APN: 00055300-000000

Florida Monroe County Key West 33040 New Town

1227 20th Terrace, Key West, FL

This home is located at 1227 20th Terrace, Key West, FL 33040 and is currently priced at $760,000, approximately $788 per square foot. This property was built in 1963. 1227 20th Terrace is a home located in Monroe County with nearby schools including Poinciana Elementary School, Key West High School, and Sigsbee Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® 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.

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