NOT LISTED FOR SALE

127 Cortez Dr Islamorada, FL 33036

Estimated Value: $1,904,366 - $2,011,000

4 Beds
4.5 Baths
1,992 Sq Ft
$989/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $1,825,000 $916 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $11,437/month

30 Days on Market

Highlights

  • Dock made with concrete
  • Boat Ramp
  • Sandy Beach
  • Plantation Key School Rated A-
  • Boat Lift
  • Gated with Attendant

About This Home

As of August 2022

Prestige Islamorada- area of the keys -This Home is complete remodeled to perfection Using only the best materials -owners rebuild it - Turnkey - Exterior keys style blue house. With 3 level of living space - only one canal over ocean front - Coastal style - With Over 2,000 sq, feet of living space. Main floor has split plan -2 master bedrooms w/full baths -impact glass doors with access to a cover terrace - Large L shape -open modern kitchen -top notch appliances-Combo living -dining area - washer & Dryer - The Large screen terrace is overlooking the water -great for entertainment -The 3rd top level offers 2 master bedrooms with 1 -extra-large all glass private baths -A cozy living with modern sofa bed and TV - AC Split for extra cooling - The ground level offers; 2 car garage automatic doors - Extra-large open space with a living room area or Florida room - or game room great for kids - Plus a full bath -glass shower very modern - A pool 1/2 bathroom + extra storage room - All impact windows - imported custom doors in all the house - 2 AC units only 4 Yrs. old + Exterior areas : Carport - Large Jacuzzi and salt water pool - Plus a 75 concrete dockage and a large new boat lift with 20,000 capacity of lift . Deep canal - Boat ramp - 75 x 100 lot size. -Roof 2017-Located in Islamorada near shops restaurant - Great investment - This property rent for $8,000 -$ 10,000 a month - excellent income property - A great Value 'buy this home for a fraction of the cost of a waterfront property in Miami or the east coast. Live wireless in paradise -work here and live here -The Florida Keys offer a unique lifestyle! The keys is famous for great fishing -boating and diving. Only 50 minutes from Miami -Easy to show it by appointment only.

Last Agent to Sell the Property

isabel linowitz

Coldwell Banker Schmitt Key Largo License #3077770 Listed on: 06/02/2022

Coldwell Banker Schmitt Key Largo

Last Buyer's Agent

Isabel Linowitz

Realty Options of the Florida Keys

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,793

Year Built

  • Built in 1990 | Remodeled

Lot Details

  • 7,500 Sq Ft Lot
  • Home fronts a canal
  • Sandy Beach
  • Privacy Fence
  • Fenced
  • Property is zoned R1 - Residential Single Family

Home Design

  • A-Frame Home
  • Frame Construction

Interior Spaces

  • 1,992 Sq Ft Home
  • Blinds
  • Storage
  • Tile Flooring
  • Canal Views
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa

Outdoor Features

  • Boat Lift
  • Boat Ramp
  • Dock made with concrete
  • Balcony
  • Screened Patio

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 28

Community Details

Overview

  • No Home Owners Association
  • Mat Ocean Bay Subdivision
  • Rental Restrictions

Recreation

  • Community Pool
  • Bike Trail

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,793

Year Built

Built in 1990 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 150.00
  • Mandatory HOA: No
  • Control Depth: 8
  • Dockage Dock: Concrete
  • Dockage Dock Length: 75
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Lower Matecumbe
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 75.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 7793.00
  • Vehicle Storage: Garage, Covered Parking, Carport
  • Year Built: 1990
  • Alternate Key Number: 1489018
  • Building Style: A-Frame
  • Cooling Heating: Central Air
  • Lot Sq Ft: 7500.00
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Open Porch/Balcony, Patio, Screened Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1992.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms, Granite Counter Top, Split Bedroom
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Lift, Boat Ramp
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame, Combo Construction
  • Exterior Features: Fencing, Sandy Beach, Privacy Wall/Fence, Hot Tub
  • Roof: Combo Roof, Other Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Security: Manned Gate, Other
  • Utilities: FKAA, Cable Available

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Lot Size: 75 x 100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2022
Closed on
Aug 31, 2022
Sold by
Raventos and Rosemary
Bought by
Hurtado Perez Inter Vivos Trust
Seller's Agent
isabel linowitz
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Isabel Linowitz
Realty Options of the Florida Keys
List Price
$1,850,000
Sold Price
$1,825,000
Premium/Discount to List
-$25,000
-1.35%
Current Estimated Value
$1,881,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,556
Avg. Annual Appreciation
2.64%
Original Mortgage
$1,466,250
Outstanding Balance
$1,399,900
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$570,442

Purchase Details

Listed on
Jan 23, 2017
Closed on
Oct 6, 2017
Sold by
Kendrick Derwood and Kendrick Georgia V
Bought by
Raventos Carlos and Raventos Rosemary
Seller's Agent
Aryl and Pati Robison
RE/MAX All Keys Real Estate
Buyer's Agent
Terri Bodker
Ocean Bay Realty of the Keys
List Price
$925,000
Sold Price
$725,000
Premium/Discount to List
-$200,000
-21.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.73%
Original Mortgage
$424,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1977
Bought by
Kendrick Derwood and Kendrick Georgia V
Source: Public Records

Range of Values:

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Average Value
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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
Hurtado Perez Inter Vivos Trust $1,725,000 Nu World Title
Raventos Carlos $725,000 Attorney
Kendrick Derwood $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hurtado Perez Inter Vivos Trust $1,466,250
Previous Owner Raventos Carlos $424,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $1,825,000 -1.4% $916 / Sq Ft
07/02/2022 07/02/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $1,850,000 +155.2% $929 / Sq Ft
10/06/2017 10/06/17 Sold $725,000 -21.6% $364 / Sq Ft
08/21/2017 08/21/17 Pending -- -- --
01/23/2017 01/23/17 For Sale $925,000 -- $464 / 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 $13,617 $1,398,530 $900,000 $498,530
2023 $13,617 $1,442,328 $952,500 $489,828
2022 $8,790 $1,040,759 $562,500 $478,259
2021 $7,793 $759,344 $423,750 $335,594
2020 $7,789 $768,298 $431,250 $337,048
2019 $7,597 $807,047 $468,750 $338,297
2018 $6,504 $615,204 $326,250 $288,954
2017 $2,431 $248,114 $0 $0
2016 $2,501 $243,011 $0 $0
2015 $2,445 $241,322 $0 $0
2014 $2,423 $239,407 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 601259

Florida Keys Board of REALTORS®

APN: 00396490-000000