NOT LISTED FOR SALE

123 Ocean Bay Dr Key Largo, FL 33037

Estimated Value: $503,000 - $716,000

0.12 Acre
$4,816,517 Price per Acre
5,045 Sq Ft Lot

Last Sold February 07, 2022

Last sale price $185,000 $236 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $3,259/month

11 Days on Market

About This Lot

As of February 2022

INVESTOR OPPORTUNITY....Two vacant lots in X FLOOD ZONE in desirable subdivision in Key Largo! Adjoining single family home offering 2bd/1.5ba with an adjoining workshop, which can be converted to living quarters, all nestled in mature foilage asking $400,000. OR purchase the entire parcel, all four lots, asking $560,000., allowing you room for addition or create a backyard oasis with a pool, tiki hut and outdoor kitchen, lots of possibilities. All located in an X FLOOD ZONE(no flood insurance required). House needs complete rehab. Would be a perfect residence or rental opportunity while you develop the adjoining two vacant lots. Small covered area can be removed from house so it does not encroach the vacant lots. Located near great restaurants and shopping. This is a great opportunity to purchase a home in the FL Keys!

Last Agent to Sell the Property

Lisa Frins

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada License #0672871 Listed on: 12/02/2021

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Last Buyer's Agent

Jesus Monteagudo

Century 21 Circle

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,713

Lot Details

  • 5,045 Sq Ft Lot
  • Cleared Lot

Community Details

  • Lazy Lagoon Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00497210-000000

Property Details

Property Type

Land

Est. Annual Taxes

$2,713

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 2713.33
  • Title: Title Ins - Buyer
  • Alternate Key Number: 1615099
  • Lot Sq Ft: 5045.00
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Location Site: Cleared Site
  • Miscellaneous Info Mobile Home Lot: No
  • Tax Exemptions: None
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Waterview: No Waterview

Utilities

  • Security: No Security

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00497210-000000
  • Land Size: Less Than 1/4 Acre
  • Building Permit: No Permit

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2022
Sold by
Skelhorn and Catherine
Bought by
123 Ocean Bay Drive Llc
Current Estimated Value
$558,716

Purchase Details

Listed on
Dec 2, 2021
Closed on
Feb 2, 2022
Sold by
Frank Hoff Jr Edward and Frank Mary Kathryn
Bought by
Keys Property Holdings Llc
Seller's Agent
Lisa Frins
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Buyer's Agent
Jesus Monteagudo
Century 21 Circle
List Price
$185,000
Sold Price
$185,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.81%

Purchase Details

Listed on
Dec 2, 2021
Closed on
Jan 26, 2022
Sold by
Frank Hoff Jr Edward and Frank Mary Kathryn
Bought by
Skelhorn Kevin and Skelhorn Catherine
Seller's Agent
Lisa Frins
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Buyer's Agent
Jesus Monteagudo
Century 21 Circle
List Price
$185,000
Sold Price
$185,000

Purchase Details

Listed on
Mar 25, 2021
Closed on
Jun 14, 2021
Sold by
Musselman John M and Musselman Carol A
Bought by
Hoff Edward Frank and Hoff Kathryn Mary
Seller's Agent
Nancy Plummer
MMLS Assoc.-Inactive Member
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$449,000
Sold Price
$400,000
Premium/Discount to List
-$49,000
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-69.47%

Purchase Details

Closed on
Oct 1, 1992
Bought by
Musselman John M and Musselman Carol A

Purchase Details

Closed on
Jun 1, 1990
Bought by
Musselman John M and Musselman Carol A
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 Buyer Sale Price Title Company
123 Ocean Bay Drive Llc -- Bahn Ryan C
Keys Property Holdings Llc $185,000 Bloom Erik S
Skelhorn Kevin $360,000 Coral Reef Title
Hoff Edward Frank $400,000 Upland Title Agency Llc
Musselman John M $76,000 --
Musselman John M $57,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/07/2022 02/07/22 Sold $185,000 0.0% $236 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
12/02/2021 12/02/21 For Sale $185,000 -53.8% $236 / Sq Ft
06/14/2021 06/14/21 Sold $400,000 0.0% $510 / Sq Ft View Prior Sale
06/14/2021 06/14/21 Sold $400,000 -10.9% $510 / Sq Ft View Prior Sale
05/08/2021 05/08/21 Pending -- -- --
03/27/2021 03/27/21 Price Changed $449,000 0.0% $573 / Sq Ft
03/24/2021 03/24/21 For Sale $449,000 -5.5% $573 / Sq Ft
02/24/2021 02/24/21 For Sale $475,000 -- $606 / 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 $3,663 $440,379 $251,241 $189,138
2023 $3,663 $365,305 $217,944 $147,361
2022 $3,076 $302,623 $198,269 $104,354
2021 $2,818 $294,195 $211,634 $82,561
2020 $2,713 $287,195 $211,634 $75,561
2019 $2,523 $256,437 $180,876 $75,561
2018 $2,287 $202,480 $126,919 $75,561
2017 $2,207 $203,685 $0 $0
2016 $2,162 $194,304 $0 $0
2015 $2,095 $181,319 $0 $0
2014 $1,862 $118,531 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Frins

    Seller's Agent in 2022

    Lisa Frins

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

    (305) 522-1479

    85 in this area

    305 Total Sales

    Lisa Frins
    Section Image

  • J

    Buyer's Agent in 2022

    Jesus Monteagudo

    Century 21 Circle

  • N

    Seller's Agent in 2021

    Nancy Plummer

    MMLS Assoc.-Inactive Member

  • S

    Seller's Agent in 2021

    Sharon Sullivan

    Coldwell Banker Schmitt Key Largo

  • N

    Buyer's Agent in 2021

    NON-MLS MEMBER

    MAR NON MLS MEMBER

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 598672

Florida Keys Board of REALTORS®

APN: 00497210-000000

Florida Monroe County Key Largo 33037

123 Ocean Bay Dr, Key Largo, FL

This home is located at 123 Ocean Bay Dr, Key Largo, FL 33037 since 02 December 2021 and is currently estimated at $558,716, approximately $712 per square foot. 123 Ocean Bay Dr is a home located in Monroe County with nearby schools including Key Largo School, Coral Shores High School, and Dolphin Montessori Children's House.

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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